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LOLC Finance emerges as the winner of “Most Innovative” and “Most Trusted” Financial Services Brand of Sri Lanka 2021

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LOLC Finance once again authenticated its continuing excellence in the non-banking financial sector by being felicitated with two awards for the “Most Innovative Financial Services Brand, Sri Lanka 2021” and the “Most Trusted Financial Services Brand, Sri Lanka 2021” at the Ninth Edition of the Global Brand Awards 2021.

LOLC Finance, as the leading financial arm of the LOLC Holdings PLC, is proud and honoured to be recognized as the one and only unmatched non–banking financial institute in Sri Lanka, to triumph on two titles under the global non-banking financial sector awards for the year 2021.

The organization has accomplished many momentous milestones over the decades. Even under challenging times the company had performed tremendously well. Consequently, these accolades solidify the organizations reputation, once more, as a trustworthy brand that delivers excellence.

Global Brands Magazine is one of the world’s largest brand publications and an awarding body in the United Kingdom, well renewed for its unbiased selection of brands across industries. In their latest Banking & Finance Awards conducted, LOLC Finance PLC stood out for its extensive expertise in innovation, excellence, sustainability, performance and geographical distribution over 139 touchpoints, in providing a robust financial service system in Sri Lanka. They have also recognized the consumer trust placed on the brand in terms of protecting privacy, data security, ethical business practices that offer unprecedented convenience.

Commenting on winning the awards, Conrad Dias (Director/CEO) of LOLC Finance said, “Amidst an adverse global pandemic, we are truly honoured to be the winner of not just one but two grand titles. At this point of business, this recognition is huge, as it evidently signifies the consistency and innovativeness of our trusted financial solutions, rooting from the past decades shooting for a splendid future. We will reinforce the reliance and confidence of our esteemed clienteles and the devoted staff members. These two awards will become the hallmarks of excellence in the NBFI sector in Sri Lanka and will upkeep to improve the inclusive economic situation in the country”

LOLC Finance remains dedicated to bringing its customers one step closer to accomplishing their life long ambitions and uplifting their standards of living through a carefully tailored range of financial solutions that includes, Savings and Term Deposit Accounts in Sri Lankan Rupees and Foreign Currency, Inward Worker Remittances, Mastercard Credit Cards, Auto and SME Finance, Working Capital and Alternate Financial Services.

LOLC Finance was one of the first NBFIs that received the mandate to introduce Foreign Currency Savings accounts and the first NBFI to register for SWIFT transactions in Sri Lanka. In the internet and mobile banking landscape, the company became one of the first NBFIs to connect with the CEFTS. LOLC Finance iPay has now advanced from a mere payment gateway in to a beyond lifestyle payment application offering an exceptional service. LOLC Finance is rated (SL) A (Stable) by ICRA Lanka Limited and is licensed by the Monetary Board of the Central Bank of Sri Lanka.



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Wing Commander (Retd.) D. Pradeep S. Kannangara elected president, Industrial Security Foundation

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The Industrial Security Foundation (ISF) which acts as the sole organization in Sri Lanka to represent the Private Security industry having incorporated by an Act passed in the Parliament, Act No. 51 of 1999, elected Wing Commander (Retd.) Pradeep Kannangara as its President for the years 2022/2023 at its 30th annual General Meeting which was held at the PIM Auditorium in Borella. Wing Commander Pradeep Kannangara was appointed President while 14 other members were appointed to the Executive Committee, strengthening the ISF in order to drive and uplift the standards of the private security industry in Sri Lanka.

He has served on the ExCo consecutively since 2012 under four different presidents where he held the positions of Senior Vice President during the last three consecutive years. He has also been a committed member of the ISF and was awarded prestigious coveted FISF title due to his many valuable contributions to the organization and the Private Security Industry in Sri Lanka in 2012.

Wing Commander Kannangara’s journey into private security began after a successful career in the Sri Lanka Air Force for over 24 years where he served in many capacities finally being the Officer Commanding of the Special Air Borne Force. A recipient of the Ranasura Padakkama (RSP) Gallantry award for his bravery, sacrifices and service to the nation by the President of the Socialist Republic of Sri Lanka in 1990. He holds a Master’s in business management from the Edith Cowan University, Perth, Australia too and serves as a Board Director in AB Securitas (Private) Limited in Sri Lanka and AB Securitas Bangladesh Limited.

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Kitchen & Bedroom reaffirms its partnership with Häfele Sri Lanka

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(L-R) Pawan Singh- General Manager Sales & Marketing at Hafele Sri Lanka, Jurgen Wolf- Managing Director Hafele South Asia, Dr. Sacquaff- Group CEO Kitchen & Bedroom, and Manish Mahajan, Director Sales Hafele South Asia

Kitchen & Bedroom, a name synonymous in the interior designing and furniture sector in the country recently celebrated its long-standing partnership with Häfele Sri Lanka during the latter’s 12th year anniversary celebratory event, reaffirming its ambitious plans to further strengthen and explore the numerous opportunities available here.

Häfele Sri Lanka, part of Häfele India which is a wholly owned subsidiary of the Hafele Global network, is a technology partner for various projects and initiatives of Kitchen & Bedroom. Both the companies operate in the interior design space, sharing their cumulative knowledge and expertise to provide extensive and personalized solutions catering to domestic requirements.

‘We take great pride in our association with Häfele Sri Lanka having exchanged and collaborated on many projects both commercial and household. We share similar values such as providing high quality, sustainable, functional and customized solutions to our customers, and most importantly to guide them through every aspect and step of the project and how best we could bring out their desired design,’ said Dr. Sacquaff, Kitchen & Bedroom Group CEO.

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DSI strengthens its islandwide presence with three new showrooms

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Amid the prevailing economic hardships faced by Sri Lanka, Sri Lanka’s premier footwear brand DSI recently expanded its islandwide presence in the country with the opening of three new showrooms in Kahawatta, Akuressa, and Chavakachcheri, with the aim of offering greater access to its diversified product range to a wider customer base.

Gracing the special occasion, the showrooms were declared open by D. Samson & Sons (Pvt.) Ltd. Managing Director Thusitha Rajapaksa, in the presence of Director Asanka Rajapaksa, General Manager Pradeep Samarathunga, National Sales Manager – Retail Sales Naleen Weerawardana, invitees, and well-wishers.

Speaking at the opening ceremony, Thusitha Rajapaksa stated: “We are excited about expanding DSI wings to three new locations. Despite the ongoing economic conditions of the country, we took a call to take a proactive measure to expand our islandwide presence. While it has been a challenge, the commitment and hard work of our team has made it possible to serve our loyal customers better, and we are confident that we will be able to continue these efforts in the future as well.”

DSI is renowned for its well-trained staff who offer exceptional customer service. The three new DSI showrooms prioritize providing a unique service and customer support to make purchasing further convenient for the customer.

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