LOLC Finance tops ‘most valuable consumer brand’ in financial services sector

LOLC Finance PLC has demonstrated exceptional resilience and remarkable growth, a true testament to their resolute dedication and innovative strategies. 

Positioning impressively on the esteemed Brand Finance Index 2023, the institution has secured a fourth-ranking position among the nation’s top 10 Fastest Growing Brands, displaying an impressive 18 percent surge in brand expansion.

The narrative of LOLC Finance’s remarkable expansion owes itself to their proactive stance in furnishing pioneering financial solutions. Their earnest focus on customer-centricity, adaptability, and forward-looking strategies has been pivotal in propelling the ascent of their brand’s worth. This has consequently translated into noteworthy advancements across the entirety of the Brand Index score. 
The numerical achievements underscore the profound success achieved by LOLC Finance. Boasting a robust brand valuation of 8.2 billion, the institution has realized a remarkable 18 percent surge from the preceding year’s 7 billion, culminating in an elevation of their overall brand rating from AA- to AA+. 

This accomplishment assumes even greater significance when considering the adversities faced by Sri Lankan brands in 2022, a period characterized by a substantial 16 percent contraction in the combined value of the top 100 brands featured in the ranking. Notably, LOLC Finance is also towering its position as the top most brand within the Financial Services Sector.
LOLC Finance’s stellar growth trajectory and unyielding resilience radiates within a challenging financial landscape, positioning them as a frontrunner in Sri Lanka’s financial services arena. Their steadfast commitment to delivering resolute value and cultivating trust bears testimony to their positive influence on the nation’s economy. 

As they persist on their voyage of advancement, the future holds immense promise for LOLC Finance, firmly solidifying their role as a catalytic force within the corporate environment of Sri Lanka.
The Director/ CEO of LOLC Finance PLC, Krishan Thilakaratne stated, “Our success story stands as an inspiring testament to the entire industry, showcasing our steadfast dedication to our customers’ needs, flexibility, and forward-thinking approach, especially, following the largest merger of an NBFI in the history of Sri Lankan corporates”.