LOLC Finance has received approval from the Central Bank of Sri Lanka for its planned debenture issue, valued at up to Rs. 15 billion.
This issue involves a maximum of 150 million listed, rated, unsecured, senior, and redeemable debentures.
This latest approved value appears to be a reduction from the Rs. 20 billion the company was seeking regulatory clearance for in September.
The move comes as LOLC Finance continues to report strong financial performance.
The company posted an after-tax profit of Rs. 8.8 billion for the quarter ending September 2025—a 106% increase compared to the previous year.
For the nine months, profit grew by 72% to Rs. 14 billion.
LOLC Finance’s total assets are currently valued at Rs. 466 billion, supported by a retained earnings reserve approaching Rs. 82 billion.
The company’s annual report indicates an ongoing strategy focused on growth through new products, expanded distribution channels, and strategic partnerships.
Source : Hiru News