LOLC Finance PLC Appoints K Sundararaj to its Board and the Board Audit Committee

LOLC Finance PLC is a Sri Lanka-based financial service provider. The principal activities of the Company comprised finance business, finance leasing, Islamic finance, issue of payment cards, micro finance loans, gold loans and provision of advances for margin trading in the Colombo Stock Exchange. The Company operates through three segments: Small and Medium-Sized Enterprises (SME) Finance, Development Finance, and Alternative Financial Services. The Company’s services include fleet management, loans and leasing, consumer and digital business services, savings and deposits, alternative financial services, and online services. Its loans and leasing services include small and medium-sized enterprises (SME) services and micro services. Its consumer and digital business services include automated teller machine (ATM) and debit card, and credit cards. Its savings and deposits services include savings accounts, fixed deposits, and foreign currency business.