LOLC Finance the ‘most valuable consumer brand’ in Brand Finance Index
View(s):LOLC Finance PLC in the Brand Finance Index 2023, has secured a prestigious fourth-ranking position among the nation’s top 10 Fastest Growing Brands.
“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 company said in a media release.
The numerical achievements underscore the profound success achieved by LOLC Finance. Having a robust brand valuation of Rs. 8.2 billion, the institution has seen a remarkable 18 per cent surge from the preceding year’s Rs.7 billion, culminating in an elevation of its 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 per cent 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.
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”.
By attaining a profit of Rs.15.4 billion during the fiscal year 2022/23, LOLC Finance PLC has claimed its position as the second most profitable privately owned financial institution in the nation.
Hitad.lk has you covered with quality used or brand new cars for sale that are budget friendly yet reliable! Now is the time to sell your old ride for something more attractive to today's modern automotive market demands. Browse through our selection of affordable options now on Hitad.lk before deciding on what will work best for you!