Lanka ORIX Leasing Company PLC

Welcome to LOLC

Vision & Mission

History

Milestones

Branch Network

The ORIX Connection

Business Philosophy

Board of Directors

Subsidiaries

	Milestones



1980

	The first to introduce leasing to Sri Lanka.

1995

	First branch office opened in Kandy.
	Negotiated the first long term Rupee loan from FMO 1996.
	The first to extend Dollar denominated leases to BOI companies.

1997

	The first to introduce export factoring through LOFAC.
	Branch office opened in Matara.

1998

	Branch offices opened in Badulla and Ratnapura.

1999

	LOFAC enters into strategic alliance with Dunn and Bradstreet.
	Branch office opened in Anuradhapura.
	Launched its insurance subsidiary, LOIB.

2000

	Negotiated the second tranche of long term Rupee loan from FMO.
	Branch office opened in Kochchikade.

2001

	Launched its finance subsidiary, LOFIN.
	Branch offices opened in Kurunegala and Kalutara.

2002

	The first leasing company to be recognized as a Participating Financial Institution for the Indian Line of Credit.
	Branch office opened in Galle.

2003

	Received the first US Dollar Long-Term Loan from OPEC Fund.
	The first to win the leasing category "Award for Excellence in Annual Reports and Accounts "conducted by the institute of Chartered Accountants of Sri Lanka.
	Negotiated the third tranche of long term Rupee loan from FMO.
	Branch offices opened in Nuwara Eliya and Kiribathgoda.

2004

	Entered into stock broking through LOSEC.
	Launched LOIT, the Information Technology arm.
	The first to win the Non Banking Sector Award at South Asian Federation of Accountants (SAFA) best presented accounts competition.
	Branch office opened in Gampaha.

2005

	The first leasing company to be ranked among the top 10 Brands by Sting Consultants Brand Power Index.
	Launched LOPD, the project development subsidiary.
	LOLC cricket team emerged mercantile 'C' division champions.
	Negotiated the second tranche of long term US Dollar loan from OPEC Fund.
	Negotiated the fourth tranche of long term Rupee loan from FMO.
	Negotiated the long term US Dollar loan from PROPARCO.
	Branch offices opened in Kegalle, Embilipitiya and Polonnaruwa.

2006

	Negotiated the long term US Dollar loan from DEG.
	Negotiated the long term US Dollar loan from OPIC.
	Branch office opened in Wattala.
	The first Regional Expansion to Cambodia through 17.91% holding of PRASAC.
	First to introduce a branded product "Guardian" range from an insurance broker, through LOIB.
	Won the leasing category "Award for Excellence in Annual Reports and Accounts" conducted by the institute of Chartered Accountants of Sri Lanka for 2005/06.

2007

	Branch offices opened in Chilaw and Mahiyanganaya.
	Ranked among the top 50 brands by Super Brands.
	Launched the new Strategic plan for the company and its subsidiaries.
	Opened the first Hospital savings center in Oasis.
	Opened the first student savings center at Royal college -Polonnaruwa.
	LOFIN operations expanded to Wattala, Kegalle, Mahiyanganaya, Mount Lavinia and Chilaw.
	Received Cabinet sub committee approval for the project on off shore Sand Mining, Washing, Sieving and Grading to supply construction and related industry.
	Signed up with LIOC to establish LOLC sub branches at LIOC filling stations.
	LIOC centers opened in Morawaka and Trincomalee.
	Set up the Islamic BU with an in house Sharia'h Supervisory Board.
	Dairy farmer loans, cultivation loans, business set up loans and skilled enable loans were introduced.
	Partnered with GTZ for capacity building of the micro finance staff, setting up low cost branch network and development of a micro banking system.

2008

	Launched a lottery for customers with a house as the prize
	Launched Western Union Money transfer services at LOLC branches.
	Entered into an joint venture agreement with Agri Tec for manufacture of precipitated silica & allied products using rice husk ash.
	LIOC centers opened in Pilimathalawa, Seeduwa, Aluthgama, Kadawatha, Ambalangoda, Deberawewa, Beliatta and Thalawakele.
	LOLC MF was appointed as the only representative from the private sector to the micro finance steering committee appointed by department of development finance attached to ministry of finance and planning.

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