Business
lolc Finance expands to Karapitiya & relocates Kalawana
LOLC Finance PLC, the leading Non-Banking Financial Institution (NBFI) in Sri Lanka, proudly announces the opening of a new branch in Karapitiya and a relocation in Kalawana, further solidifying its presence and commitment to serving customers across the nation. The Karapitiya branch, located at No.566 C, Hirimbura Rd, Karapitiya, Galle, and the Kalawana branch, now situated at 100/A, Mathugama Road, Kalawana, exemplify LOLC Finance’s dedication to delivering accessible financial solutions to urban, suburban, and rural communities alike.
The Karapitiya branch commenced operations with a grand opening ceremony on April 4, 2024, graced by the esteemed presence of Conrad Dias, Chairman of LOLC Finance PLC, Montini Warnakula, Chief Operating Officer of LOLC Finance PLC, Prasanna Karadagolla, Head of Channels at LOLC Finance PLC and Nalaka Mohotti, Regional Manager of LOLC Finance PLC. The event garnered enthusiastic participation of the staff, valued customers, and well-wishers from the surrounding neighbourhood.
The relocation of the Kalawana branch to a strategic locale on Mathugama Road was celebrated with an inauguration ceremony on March 25, 2024. Prasanna Karadagolla, Head of Channels at LOLC Finance PLC, and . Nalaka Mohotti, Regional Manager of LOLC Finance PLC, graced the event, joined by staff members and well-wishers.
In light of these developments, Conrad Dias, Chairman of LOLC Finance PLC, expressed his thoughts, stating, “We are delighted to reaffirm the strength of our footprint with the opening of these new locations in Karapitiya and Kalawana. The inauguration of these branches reflects our strategic vision to expand our presence in key locations, ensuring accessibility and convenience for our customers. These expansions emphasize our promise to reaching out to communities with readiness, and ease of access across Sri Lanka, empowering them with innovative financial solutions tailored to their needs. Over the years, the company has spearheaded ground-breaking initiatives and solutions, propelling the nation towards a prosperous economy while prioritizing financial inclusion and customer-centricity.”
LOLC Finance stands at the forefront, boasting a significant portion of over 25% of the entire customer base within the NBFI sector. Innovations such as the LOLC Real Time online portal and the iPay mobile application have profoundly reshaped the digital banking landscape, introducing new levels of convenience, reliability, and security for LOLC Finance customers. With a resolute pledge to excellence and innovation, expanding to over 212 branches across the country, LOLC Finance is primed to shape the trajectory of finance arena fostering sustainable growth and prosperity nationwide.
Rated (SL) A by Lanka Rating Agency, LOLC Finance PLC is licensed by the Monetary Board of the Central Bank of Sri Lanka, ensuring adherence to stringent regulatory standards and bolstering trust among its stakeholders.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
