LOLC Finance PLC, Sri Lanka’s leading non-banking financial institution, has concluded the year with a bang! The company reported an exceptional performance, achieving its highest ever profits of Rs. 21.5 billion for the fiscal year 2023/24. This impressive figure represents a significant 39% year-on-year growth and translates to a strong return on equity (ROE) of
HNB FINANCE PLC, a prominent financial services provider, has announced a strategic collaboration with the Co-operative Thrift and Credit Union (Sanasa) aimed at extending innovative financial solutions to underserved rural communities nationwide. This Memorandum of Understanding (MoU) marks a significant step towards financial inclusion, enabling residents in remote villages, previously devoid of advanced financial services,
Vallibel Finance recently inaugurated its new branch in Athurugiriya, introducing its renowned financial services to the community. The event, graced by Managing Director Jayantha Rangamuwa, marked a significant milestone for the company, underscoring its commitment to expanding its reach and strengthening its bond with customers. Rangamuwa emphasized Vallibel Finance’s dedication to delivering innovative financial solutions
Hayleys Solar, the renewable energy division of Hayleys Fentons Ltd., has collaborated with the Bank of Ceylon (BOC) to promote the adoption of green energy practices nationwide. This partnership aims to offer low-interest loans to residential and commercial customers, encouraging them to transition towards renewable energy solutions. The financial schemes provide competitive rates with a
AgriFI, an agriculture financing initiative funded by the European Union (EU) and managed by EDFI Management Company, has announced a significant US $3 million loan to Sarvodaya Development Finance PLC (SDF) in Sri Lanka. This investment is aimed at supporting SDF’s provision of financial services to the agricultural sector, particularly through its agricultural machinery leasing
The Colombo Stock Exchange (CSE), in collaboration with the U.S. Agency for International Development (USAID) CATALYZE Sri Lanka Private Sector Development (PSD) Activity, organized an Issuer Forum in Jaffna to shed light on alternative funding options for businesses in the Northern Region. The event aimed to bridge the knowledge gap regarding capital markets and highlight