LOLC Finance crowned Sri Lanka’s No. 1 NBFI Brand

Krishan Thilakaratne

Prasad Perera

LOLC Finance PLC has been ranked 14th overall, in the ‘Top 100 Most Valuable Brands of Sri Lanka’ and number one in the Non-Banking Financial Services (NBFI) sector list by Brand Finance, featured in the August Edition of Echelon Magazine. The brand valuation assessment revealed LOLC Finance achieved a brand rating of AA+, with a strong brand value of Rs. 11,528 million.

This honour not only reaffirms LOLC Finance’s position among the nation’s most elite brands but also establishes its undisputed dominance in the Non-Banking Financial Institution sector, securing the top spot with a commanding lead over competitors in the overall rankings.

Brand Finance’s annual Sri Lanka Top 100 Most Valuable Brands study is among the country’s most stringent and comprehensive brand valuation assessments, evaluating brands on their financial performance, stability, market recognition, credibility, and consumer trust, while benchmarking them against industry peers and global standards. 

Commenting on the achievement, Krishan Thilakaratne, Chief Executive Officer of LOLC Finance, stated, “This recognition is a powerful endorsement of our position as Sri Lanka’s undisputed NBFI leader. LOLC Finance accounts for 20 percent of total industry assets, 25 percent of industry liabilities, and 36 percent of total profitability. 

Among the 35 players in the NBFI industry, LOLC Finance is the market leader in SME Finance, Personal Finance, Islamic Finance, Factoring, Agricultural Product Financing, and several other market segments in Sri Lanka. Furthermore, our digital footprint is recognized as the largest in the Sri Lankan digital banking space, with our iPay platform handling over 60 percent of e-wallet transactions in the country.”

More than just transactions, we are focused on building strong relationships, shaping financial journeys, and cherishing shared ambitions,” stated Prasad Perera, Assistant General Manager, Marketing Communications, LOLC Finance PLC. 

“As a comprehensive one-stop solution for all financial needs across all walks of life, LOLC Finance leverages its strong brand equity for sustainable growth.”