LOLC Finance delivers its highest PAT of Rs. 25 bn
View(s):LOLC Finance PLC set a new benchmark in the NBFI sector by reporting an outstanding Profit After Tax (PAT) of Rs. 25 billion for the financial year ending March 2025.
“This marks an impressive increase from Rs. 21.5 billion recorded during the previous financial year, delivering double-digit profit growth. Surpassing a historic milestone, this performance is a clear affirmation of LOLC Finance’s transformation into a financial powerhouse, one that has begun to transcend the traditional boundaries between banks and non-banking financial institutions, now competing on par as a national economic pioneer, and a true peer to Sri Lanka’s leading banks,” the company said in a media release.
This resounding performance is the outcome of a robust, visionary strategy anchored in financial inclusion, digital innovation, and sectoral leadership. With a loan portfolio exceeding Rs. 305 billion and a deposit base of Rs. 225 billion, LOLC Finance has displayed a level of financial strength that places the company in direct comparison with the nation’s leading banks. Notably, another standout financial indicator reported by the company during the period is its Net Non-Performing Loan (NPL) ratio which stood at 4.97 per cent, an outstanding improvement from 10.48 per cent reported during the earlier year.
With a commanding market share of over 20 per cent in terms of total assets, liabilities and profits, LOLC Finance contributes as a dominant force reshaping the financial services landscape.
“These outstanding results are not only a reflection of our financial strength, they are a clear projection of LOLC Finance’s institutional resilience, strategic vision, and firm commitment to serving the people of Sri Lanka,”said Krishan Thilakaratne, Director/CEO of LOLC Finance PLC.
A critical pillar of LOLC Finance’s success lies in its pursuit of digital transformation. Platforms like LOLC Real Time and iPay have redefined convenience, accessibility and transparency for consumers and businesses alike. iPay, Sri Lanka’s most widely adopted pass-through wallet, continues to dominate the digital payment space, earning LOLC Finance multiple accolades at the LankaPay Technovation Awards, including the prestigious Overall Gold Award for six consecutive years.
“This milestone performance is a reflection of our solid commitment to financial inclusion, innovation, and disciplined growth,” said Conrad Dias, Chairman of LOLC Finance PLC. “At LOLC Finance, we do not merely follow industry trends, we set them.”
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