CLC News & Events


CLC relocates Badulla branch to a convenient location06/12/2016

Commercial Leasing and Finance PLC (CLC) Badulla branch was relocated in to a more spacious location at No. 04, Lower Street, Badulla in a bid to provide a range of unparalleled financial services to people in the area. The branch was declared open recently and the opening ceremony was graced by Mr Jude Anthony, DGM –Branch Network of CLC. Mrs. H.M.Somawathi & Mr.T.Senthurkumar obtained their CLC fixed deposit certificates as the very first customers of the relocated branch.

This fully-fledged branch will continue to provide Leasing, Fixed Deposit, Savings, Flexi Cash, Microfinance, Islamic finance facilities and Factoring services along with the newly introduced facility of making any pre-paid (reload) and post-paid mobile payments real-time via CLC Online which is yet another justification of CLC’s commitment and persistence efforts to offer financial services that keep up to the dynamic requirements of society.

Badulla was chosen as a strategic location by the company with the purpose of serving our existing and potential customers in need of trustworthy financial services in a growing economic atmosphere. The branch is dedicated to serve their customers with utmost professional care ensuring trust, as all branches are, growing under the company’s highly cherished philosophy ‘Hithawathkama’.

Commercial Leasing & Finance is one of Sri Lanka’s leading financial service providers and has more than 28 years of experience in the industry. It is a ICRA (SL) ‘A’ rated company and a member of one of the largest conglomerates in the country – LOLC. With a broad product portfolio, and an island-wide branch network CLC continues to fulfill financial needs and dreams of people indiscriminately.

Commercial Leasing opens its 61st branch in Borella11/11/2016

The newest branch was ceremoniously declared by Commercial Leasing Managing Director Kapila Jayawardena. Borella is one of Colombo's most iconic and liveliest intersections and CLC is bringing a dynamic range of financial solutions to the neighbourhood to serve thousands of people in the area.

The state-of-the-art new branch will function as a fully-fledged branch itself, offering a range of innovative financial solutions such as Fixed Deposits and Savings,Vehicle Leasing and Loans, Factoring, Flexi Cash, Business Loans, Education Loans, Islamic Finance and microfinance.

CLC is one of Sri Lanka's leading financial providers and has more than 28 years of experience in the industry. It is an ICRA (SL) 'A' rated company and a member of one of the largest conglomerates in the country - LOLC. With a broad product portfolio and an islandwide branch network, CLC continues to fulfill the financial needs and dreams of people.

CLC - Islamic Finance’ Celebrates its First Anniversary09/09/2016

The Islamic Business Division (IBD) of Commercial Leasing & Finance PLC (CLC) successfully completed its first year in operations embodying a remarkable financial performance. Embarking on another revolutionary financial service provision, CLC unveiled ‘CLC Islamic Finance’ in July 2015 despite of challenging economic conditions remained during the time to offer a complete range of Shari’ah compliant products.

IBD formed a Shari’ah Supervisory Board with locally and internationally recognized 03 Scholars namely Ash-Shaikh Fazil Farook (Chairman), Ash-Shaikh Murshid Mulaffar (Member) and Ash-Shaikh / Mufthi Shafique Jakhura (Member) to ensure the compliancy in each transaction. Further, the business unit marked its segregation clearly to make the operation fully Shar’ah compliant and acceptable. IBD was commenced with a fully-fledged product range to serve all customer requirements such as, Profit Sharing Investments & Saving Accounts (Mudharabah), Term Investments (Wakala-Investments), Leasing (Ijarah), Trade Finance (Murabaha), Property & Working Capital Finance (D. Musharakah), Business & Working Capital Finance (Wakala-Lending).

To date, CLC-Islamic Finance have recorded a phenomenon growth in terms of business volumes, market reach, customer service and staff development. CLC Islamic Finance services are available at all 60 CLC branches in addition to “Dedicated Islamic Finance customer touch points” island wide.

The Director/Chief Executive Officer Mr Krishan Thilekaratne stated that, “CLC IBD has performed commendably during its very first year whilst maintaining its impeccable compliance standards. It has been able to offer financial solutions such as Term Investments, Leasing, Trade Finance, Business & Working Capital Finance and so on and has also been able to extend the product offerings through all 60 branches. No doubt CLC Islamic Finance will become a significant player in the Islamic Finance market in the near future”.

At the end of the first year, IBD posted a portfolio of Rs. 1.55 billion subsidized by the rapidly grown deposit base and the solid seed capital of the entity.

Sharing his views; the Head of IBD Mr Ilsam Awfer stated “We are happy to complete one year in operations successfully with many milestones. CLC-Islamic Finance earned a plenitude of acceptance island-wide within a short span”. Further he added “Though IBD is a new kid on the block, it will grow into greater heights and penetrate the market with the support of existing CLC brand”.

IBD is anticipating a substantial growth in the forthcoming financial year through adding more products to its portfolio, improving customer service, expanding the reach, increasing the staff force, carrying out extensive staff training programs and enhancing the public awareness on Islamic Finance. Despite the inimical & volatile industry environment CLC-Islamic Finance will continue to move forward with its competitive and comprehensive spectrum of products.

CLC Education Loans joins hands with EDEX09/09/2016

This year’s EDEX Mid-Year Expo is to be held on the 3rd & 4th of September at Sri Lankan Exhibition and Convention Centre (SLECC). Commercial Leasing & Finance PLC (CLC), a leading non-banking financial institution has signed up as the Associate Sponsor of EDEX Mid-Year Expo 2016 with the prime objective of enhancing the awareness about the newest product addition to their product portfolio, “CLC Education Loans”.

In keeping with the long sustained drive of providing innovative financial solutions that suits the demand of customers; CLC Education Loans is essentially catered towards today’s knowledge hungry young students who are aspiring to achieve their higher education goals through private institutions, local or foreign. The idea behind bringing forth CLC Education Loans, as a part of the company’s range of financial solutions is to lessen the burden of ever increasing higher education expenses on personal finances of the students and the parents.

CLC Education Loan can be obtained to finance the course fees of degrees, professional courses, MBAs and PhDs and also for funding requirements associated with foreign education, on production of proof of registration with the relevant educational institution. The repayment period and other concerns such as income proof, interest and guarantors depend on the type of loan the customer wants to apply for and will be flexible based on their individual needs. The loan acquisition process requires minimum documentation and it is promised to be an easy, stress free one for the customer.

For foreign education, which is an expensive exercise, for the parents as they have to balance the course fee, travel/ living expenses, and insurance for the child, CLC Education Loans entitles a grace period of 12 months where they only have to pay the interest potion.

CLC Education Loans can be obtained through the extensive CLC branch network which consists of 60 customer touch points islandwide.

Commercial Leasing & Finance PLC is one of the most trusted brands and has more than 27 years of excellence in the non-banking financial industry. Boasting an impressive product portfolio of Fixed Deposits & Savings, Vehicle Leasing & Loans, Factoring, Flexi Cash, Business Loans, Islamic Finance, Microfinance and now Education Loans, CLC always pushes limits for providing innovative and efficient financial services for its customers. Furthermore the company is a ICRA SL (A) rated company with an island wide branch network.

LOLC’s strong profits growth in the first quarter on the back of an outstanding 2015/1610/08/2016

LOLC’s dominant financial services sector companies, led the Group to record strong profits in the first three months of 2016/17, a PBT of Rs. 3.2Bn when compared to Rs. 2.7Bn recorded in the same period last year. The current year’s performance, strengthened by the outstanding performance of the Group in 2015/16 of Rs. 11.9Bn of PBT, is a 45% growth over the last year. The financial services companies which account for 82% of the Group’s PBT, showed a remarkable growth in terms of an increase in the lending portfolio consequent to the aggressive growth in their lending books. As a result, the total Asset base of the Group reached Rs. 380Bn. The contribution to the high growth was achieved, resulting a portfolio growth of 52% to Rs. 213 Bn from Rs. 140 Bn.

LOLC, one of the largest conglomerates in Sri Lanka, its core business being financial services, comprises of three finance companies and one leasing company falling under the purview of the Central Bank of Sri Lanka. The flagship finance company LOLC Finance PLC (LOLC Finance), Commercial Leasing and Finance PLC (CLC) and the newly acquired BRAC Lanka Finance PLC (BRAC) together with LOLC Micro Credit Limited (LOMC) recorded a strong financial performance in the year 2015/16 and continued the momentum during the first three months of the current year accounting for 89% of the Group’s PBT. The strong performance was enhanced by the high yielding overseas investments made in LOLC Cambodia, PRASAC Micro Finance Company in Cambodia and LOLC Myanmar.

On the strength of each of the companies, the financial services sector continues to experience a healthy level of portfolio growth in line with the aggressive execution strategy adopted by the Group. The strong funding flow to the Group from foreign funding sources together with local borrowing enabled a consistent growth. Further, improved collections by all these companies led to lower provisions for bad and doubtful debts reducing NPLs and strengthening the portfolio quality. The Group companies’ NPLs are stronger than that of the industry.

LOLC Finance, operates in the SME to upper micro markets, having a portfolio of Rs.84Bn lending, backed by one of the largest deposit bases amongst the finance companies in Sri Lanka amounting to Rs. 60Bn. LOLC Finance’s portfolio grew to Rs. 89Bn by June this year, while deposits now stand at Rs. 67Bn, a strong growth of Rs. 7Bn, which demonstrates the confidence placed in the Company by its depositors. LOLC Finance is backed by the strong footprint of LOLC’s branch network, reaching to all parts of Sri Lanka. LOLC Finance recorded a strong growth in its assets in the year 2015/16, almost double, at Rs. 110Bn compared with the previous year. The asset base increased to Rs. 116Bn in the first three months of this year.

LOMC too recorded a strong escalation in its portfolio, supported by an aggressive business growth, focusing on the micro finance segment. This segment brings higher yields as LOMC operates in the group lending business and clean lending business which demands higher margins with no collateral, as opposed to the other Group companies. The Companies assets reached Rs. 49Bn by June 2016, also recording a strong growth of 54% in the year 2015/16.

CLC which operates in the lower SME and micro sectors, completed three months showing strong profits due to the growth in the lending base which stood at Rs 672Mn at the end of the first three months, a 20% growth compared with the same period last year. CLC recorded 19% growth in PBT for the year 2015/16.

BRAC the latest entrant to the Group’s financial services sector, recorded a stellar performance with its portfolio growth, strengthening the total assets to Rs. 9.5Bn, a threefold increase in the year 2015/16. Loans and advances grew to Rs. 7.8Bn, the main contributor to the growth in assets. In the current year, the company continues with its strong financial performance, recording Rs. 193Mn as PBT compared to a mere Rs. 71Mn recorded in the comparative period.

LOLC’s insurance business represented by LOLC General Insurance Ltd and LOLC Life Assurance Ltd continued its unabated performance. The general business records healthy profits despite increasing claims experienced in the recent past. The Group insurance business that is directed to the insurance company, together with the business portfolio developed through other external businesses, places LOLC General Insurance Ltd in a strong position. The life businesses generated by the agency forces established through LOLC’s strong distribution channel, complements well to the growth in the micro and the endowment businesses.

LOLC’s overseas financial services businesses, PRASAC Micro Finance Company and LOLC Cambodia, a 60% subsidiary of LOLC, has contributed Rs. 402Mn and Rs. 505Mn respectively as profits during the three months up to June this year. These two companies contribute remarkably well to the profit signature of LOLC, and together with LOLC Myanmar which has a strong sustainable profit potential, will add a sturdy second stream of sustainable business opportunities in markets with growth potential, in the years to come.

The trading business of LOLC, the Browns Group, too shows strong growth in the top line and is expected to deliver stronger results in the current year, benefiting from the restructuring carried out during the past two years. The plantation sector companies are going through a major restructuring process to align its operations amidst market challenges. The diversification of crops strategy, adopted by the Group is expected to bring about a better financial performance compared to the strained performance in the past years.

The leisure business of the Group led by Browns Hotels and Resorts (BHR), comprises of, The Eden Resort and Spa in Beruwala, The Paradise Resort & Spa in Dambulla, Dickwella Resort in the deep South and The Calm Resort & Spa in Pasikudah, which are in operation. These hotels are generating moderate results despite the challenging environment in which they operate. However, in comparison to the previous year higher profits are expected in 2016/17. The two hotel properties under construction, The Turtle Beach Resort in Kosgoda and Riverina Resort in Beruwala are progressing as planned. BHR has recently made investments in the Maldives, to build three hotel properties and are expected to yield strong returns, given the opportunities seen in the Maldives, especially in the high end tourism sector.

LOLC’s Group Managing Director, Mr. Kapila Jayawardena, commenting on the Group’s performance in 2015/16 and the first quarter of 2016/17 said, “LOLC’s outstanding performance in 2015/16 is mainly derived from the financial services sector, where all companies have recorded exceptional performances. The robust growth in the lending business, supported by the strong funding line, from both local and foreign sources at attractive terms and conditions, improved the income generating capacity of the sector. The strong collections enabled the Group to achieve a better NPL level and enabled all the companies in this sector to perform exceptionally well. I am confident that these companies will do equally well in the current year which is already seen in the exceptional performance in the first three months. Our robust business model and proactive strategies in portfolio growth and collection management will further strengthen our lending portfolio quality, while improving the profit signature on a consistent basis. We will continue to formulate proactive strategies to align the investments made in the last few years, to generate sustainable profitability which will complement our core business, the financial services sector”.

Commercial Leasing opens its 60th branch in Tangalle12/10/2015

Commercial Leasing & Finance PLC (CLC) recently opened their 60th branch at No.85, Beliatta Road, Tangalle. The newest branch was ceremoniously opened by the Director/ CEO of Commercial Leasing Mr. Krishan Thilakaratne.

Tangalle is the seventh footprint of CLC in the Southern Province. Together with Ambalangoda, Matara, Galle, Tissamaharama fully fledged branches and Pitigala and Udugama service centers, now Tangalle increases CLC’s influence in the province. As a fully-fledged branch itself, CLC’s Tangalle branch offers a range of innovative financial solutions such as Fixed Deposits & Savings, Vehicle Leasing & Loans, Factoring, Flexi Cash, Business Loans, Education Loans, Islamic Finance and Micro Finance.

Expediently located within the city limits of flourishing Tangalle, CLC’s newest branch hopes to be a strong financial supporter to its people. With a professional and friendly staff guided by branch manager Mr. Nirosh Abeywickrama, CLC is now ready to cater to the diverse financial needs of existing and potential customers around the area.

Commercial Leasing & Finance is one of Sri Lanka’s leading financial service providers and has more than 27 years of experience in the industry. It is a ICRA (SL) ‘A’ rated company and a member of one of the largest conglomerates in the country – LOLC. With a broad product portfolio, and an island-wide branch network CLC continues to fulfill financial needs and dreams of people indiscriminately.

CLC Now Offers Its Customers the Convenience of CEFTS12/10/2015

'A fully loaded Savings Account with an ATM/Debit card, Online Banking facility, SMS alerts, Standing Orders, SLIPS facility and now, real-time CEFTS facility!'

Commercial Leasing & Finance PLC (CLC) takes another step in the journey towards providing optimal customer convenience and satisfaction. Banding together with Lanka Clear’s Common Electronic Fund Transfer System (CEFTS), CLC now provides real-time retail interbank electronic fund transfer facility for its Savings Account holders. CLC is one of the first non-banking financial institutions who have registered for CEFTS.

This facility can be used by CLC’s customers for the purpose of transferring funds, settling bills, making utility payments etc. and these paperless transfers can be made instantaneously at any given time from the comfort of your own home or work place free of charge. CEFTS is a highly secure payment system provided by Lanka Clear (Pvt) Ltd, with the guidance of the Central Bank of Sri Lanka.

Moreover transactions can be made 24/7/365 without the inconvenience of bank holidays and non-working hours. One transaction allows the customer to access up to 5 million and there is no limitation to the number of transactions per day.

If the transaction has to be made to another bank through CLC, customers simply have to make a request and provide his or her account number. Along with CLC, Commercial Bank, Hatton National Bank, People’s Bank, Bank of Ceylon, NDB, and LOLC Finance have already registered with CEFTS and offer the facility.

CLC’s Savings and Deposit Unit has come a long way since its commencement of operations in 2012. A CLC Savings Account offers competitive interest rates. It is equipped with ATM facilities with an internationally accessible Visa Debit card that also allow free of charge cash withdrawals through the HNB ATM network and act as a ‘personal shopping card’. It also offers online facilities, SLIPS (Sri Lanka Interbank Payment System) facility and SMS alerts with no additional cost. And now, through the CEFTS facility CLC adds more value to the Savings Accounts. ‘One Account – A host of Benefits’

Chief Manager of the Savings & Business Unit of CLC, Mr Terence Kaushalya elaborated on the process adding that when a customer remit his/her pay to the CLC Savings Account through the SLIPS or CEFT facility he/she will receive an SMS alert notifying that the money has been credited to their account and that “They can then withdraw cash using the CLC ATM/Debit card at any VISA enabled ATM machine island-wide, or use it directly for shopping, making utility bill payments etc. as they wish”

Terence also pointed out that CLC Savings Account holders who remit their monthly salary to CLC Savings Account or save regularly, will even receive preferential interest rates for personal loans and leases – a truly valuable benefit of the CLC Savings Account.

CLC not only offer general Savings Accounts, but also offers specialized accounts for senior citizens and children. Moreover Fixed Deposits are also available with flexible tenure ranging from 1-60 months and 90% of the FD value can be obtained as a loan with minimum documentation.

Commercial Leasing & Finance PLC (CLC) is one of the largest non-banking financial institutions in Sri Lanka and has 27 years of experience in the industry. Boasting an impressive portfolio of products such as Savings & Fixed Deposits, Leasing, Factoring, Loans, and ‘Flexi Cash’, CLC is always pushing the limits of financial services to provide more opportunities and convenience for its wide-range of customers. Furthermore it is a company with an ICRA (A-) rating with a foot print of 59 branches island-wide. Thus it is undoubtedly one of the best places to be saving your hard earned cash.

CLC proudly launches its Islamic Finance division12/10/2015

Embarking on another revolutionary financial service provision, Commercial Leasing and Finance PLC recently introduced ‘CLC Islamic Finance’ with the purpose of meeting the financial needs of our many existing and potential customers within the Sri Lankan community.

Hoping to create an influential trademark parented by CLC, this specialized Islamic Business Division (IBD) will function as an Alternative Finance solutions provider under the Commercial Leasing and Finance regulatory license implementing Shari’ah compliance Finance solutions. This unit will be monitored by a three member Shari’ah Supervisory Board that represents eminent Islamic Finance scholars from Sri Lanka and overseas.

CLC Islamic Finance will offer the following fully fledged Alternative Finance Solutions:

  • Mudharabah - Profit-Sharing Investments, (Fixed Deposits and Savings Accounts)
  • Wakala Investment – Fixed Term Investment
  • Ijarah – Leasing
  • Murabaha - Trade Financing
  • Diminishing Musharakah - Project/Property Finance & Working Capital
  • Wakala Lending - Fixed Term Investments Business & Working Capital Finance

Expressing his idea on this new launch, the CEO of CLC Mr. Krishan Thilakaratne shared the vision that lead to this initiative: 'Sri Lanka, though geographically a relatively small nation, has one of the fastest growing economies and it is home to a multi-cultural community. Therefore as a financial service provider we are aware of the growing needs of people and their diverse expectations. We have always provided innovative financial solutions and now we are driven to provide specific financial solutions for the benefit of our existing customers and our potential customers'. Adding further, Mr. Thilakaratne mentioned, 'I am confident that the newly launched Islamic Business Division will add greater value to CLC by offering Islamic Finance solutions from our entire branch network to satisfy all financial requirements of our valued customers'.

CLC, with a history of 27 years, is one of the top brands in the non-banking financial industry. The company has equity over Rs. 10 billion coupled with an ICRA (A-) rating. Through a 59 branch network island wide, CLC continues to spread its influence and steadily expands its business activities by providing innovative financial solutions, thus making it one of the best options when satisfying your financial needs.

KULIYAPITIYA BRANCH RELOCATION02/09/2015

Commercial Leasing and Finance PLC Kuliyapitya branch was relocated to a more efficient and convenient location for the ease of our customers. The branch was declared open recently and the opening ceremony was graced by Mr Krishan Thilakaratne, CEO of CLC.

The newly relocated branch will continue to provide Leasing, Fixed Deposit, Savings, Flexi Cash and Factoring services, but within a more comfortable and pleasing ambience. The new branch is enhanced with modern sophistication, has ample space and parking facilities.

Kuliyapitiya was chosen as a strategic location by the company with the purpose of serving our existing and potential customers in need of trustworthy financial services in a growing economic atmosphere. The branch is dedicated to serve their customers with utmost professional care ensuring trust, as all branches are, growing under the company’s highly cherished philosophy ‘Hithawathkama’.

CLC, with more than 27 years of experience, is one of the top brands in the non-banking financial industry. The company has equity over Rs. 10 billion coupled with an ICRA (A-) rating. Through a 59 branch network island wide, CLC continues to spread its influence and steadily expands its business activities by providing innovative financial solutions, thus making it one of the best options when satisfying your financial needs.

CLC MAKES A HOME IN THAMBUTHTHEGAMA02/09/2015

With the purpose of providing innovative and trustworthy financial solutions to the daily increasing customer base in the Anuradhapura region, CLC established its Thambuththegma branch on 11th of July 2015. The opening ceremony was graced by Mr. Krishan Thilakaratne, Director/CEO of CLC.

CLC's new branch stands out in a convenient location, with modern technology, spacious interior, ample parking facilities and most of all with a friendly, highly capable staff.

As Thambuththegama has become one of the increasingly growing economies in the Rajarata region, with major contributions from agriculture and the growing vehicle import industry, CLC has embarked on a journey of facilitating the growing demand from many existing and potential customers.

CLC, with more than 27 years of experience, is one of the top brands in the non-banking financial industry. The company has equity over Rs. 10 billion coupled with an ICRA (A-) rating. Through a 59 branch network island wide, CLC continues to spread its influence and steadily expands its business activities by providing innovative financial solutions, thus making it one of the best options when satisfying your financial needs.

CLC Partners with HNB to offer ATM Facilities08/04/2015

Commercial Leasing & Finance PLC partnered with HNB to introduce ATM facilities to its customers. The launching ceremony was recently held at the CLC Head Office at No. 68, Bauddhaloka Mawatha, Bambalapitiya, Colobo 04. It is the first time that HNB is partnering with a financial institution and now, customers of CLC can access their savings and deposits at any of the 450+ HNB or any other ATM machines island- wide.

Present at the launch ceremony was Chairman Mr. Ishara Nanayakkara, Executive Director Mrs. Kalsha Amarasinghe, CEO Mr. Krishan Thilakaratne, CEO and Managing Director HNB Mr. Jonathan Alles and Chief Operating Officer HNB Mr. Dilshan Rodrigo and DGM Channels and Networks Mr. Jude Anthony of CLC.

Speaking at the function, Chairman Mr. Nanayakkara said, “CLC is the crown jewel of LOLC and over the last few years it has grown at a significant rate. We are proud to partner with HNB not only in terms of debt financing but equity as well”.

The CLC Visa Debit card can be used as a personal “shopping” card at any of the 13,000 and more Visa merchant outlets around Sri Lanka and is also valid for purchases abroad. With 24- hour access to their savings and deposits, customers will enjoy convenience at its best from CLC.

CLC account holders will have the advantage of receiving SMS alerts for every transaction and the SLIPS transaction facility while enjoying high interest rates for accounts.

The CEO/ Managing Director of HNB Mr. Jonathan Alles said, “HNB is very happy to be here and we see great opportunities to collaborate with the group in many other areas. This is just the tip of the iceberg ”.

Commercial Leasing & Finance PLC is one of the largest non- banking financial institutions in Sri Lanka with 27 years' experience in the financial sector. Furthermore, a share capital of Rs. 10bn, an ICRA A- rating and a footprint of 58 branches island wide makes CLC one of the best options in the market to save your hard earned cash.

58th CLC Branch Opens in Minuwangoda01/04/2015

The newest CLC branch opened in Minuwangoda (No. 34, Divulapitiya Road, Minuwangoda) on the 26th March 2015. The branch was ceremonially opened by Group Director Mrs. Kalsha Amarasinghe and CEO Mr. Krishan Thilekaratne with Negombo Regional Manager Mr. Pradeep Madurasinghe also in attendance.

The Minuwangoda branch is fully equipped to serve customers with utmost professional care, offering all CLC products including Fixed Deposits, Savings, Leasing, Loans, Factoring, Flexi Cash and Micro- Finance.

Contact us at Minuwangoda: 0114 063 152/ 53/ 54.

CLC Opens 57th Branch in Wattala19/03/2015

CLC opened it's newest branch in Wattala on the 19th March 2015. It was ceremonially declared open by Group Director Mrs. Kalsha Amarasinghe and CEO Mr. Krishan Thilakeratne. Also present were DGM Branch Network Mr. Jude Anthony and DGM Recoveries Mr. Nihal Weerapana among other members of CLC management and staff.

Wattala marks the 57th customer touch point in the island wide CLC branch network. All branches are fully dedicated to serve the customers with utmost professional care. Company products and services including Fixed Deposits, Savings, Leasing, Loans, Factoring, Flexi Cash and Micro- Finance are available at all branches for the convenience of customers.

The Wattala branch is located at No. 41, Negombo Road, Wattala and can be contacted at 0114063136.

CLC OPENS 56TH BRANCH IN DEHIWALA29/01/2015

The newest branch of Commercial Leasing & Finance PLC was opened in Dehiwala (46, Galle Road, Dehiwala). It was ceremonially declared open by Chief Guest Group Managing Director Mr. Kapila Jayawardena CEO Mr. Krishan Thilakaratne and Group Director Mrs. Kalsha Amarasinghe.

Commercial Leasing & Finance PLC was formed in 1988 and is now part of one of the largest financial conglomerates in the island. CLC is dedicated to ensuring utmost customer satisfaction and superior customer service.

CLC OPENS NEWEST BRANCH IN GAMPOLA22/01/2015

The newest branch of Commercial Leasing & Finance PLC opened in Gampola, at No. 101, Kandy Road, Gampola. The opening ceremony was attended by Deputy General Manager of Branch Network Mr. Jude Anthony and Deputy General Manager of Recoveries Mr. Nihal Weerapana as Chief Guests.

Mr. Asela Wijayakoon, Manager Gampola Branch, showed how this was yet another step in CLC’s mission to extend its reach to every corner of the island and serve the customer at their doorstep. The Gampola branch will offer all company products and services including Leasing, Loans, Fixed Deposits, Savings, Factoring, Flexi Cash and Micro- Finance for the convenience of customers.

Established in 1988, CLC has 26 years’ experience in providing an optimized service to their customers and is part of one of Sri Lanka’s biggest financial conglomerates. Now boasting 55 touch points across the island, CLC is committed to being the key catalyst in financial empowerment.

COMMERCIAL LEASING & FINANCE (CLC) OPENS ITS 54TH BRANCH IN GRANDPASS14-01-2015

Commercial Leasing & Finance PLC, one of the key players in the financial industry of Sri Lanka launched their services in Grandpass (No -211, Maha Vidyala Mawatha, Colombo 13).

CLC is a 26 year- old institution, and is a part of one of the Sri Lanka’s largest financial conglomerates. Its reach spreads far in to the outstation regions of the island serving its customers at their doorstep providing a customized service; one that comes from the heart, and is not only flexible, but has the best interests of the customers in mind.

Company product offerings include Leasing, Loans, Fixed Deposits, Savings, Factoring, Flexi Cash and Micro Finance Services. Whilst inspiring the Sri Lankan community for the past 26 years, the company will continue to extend their services to every corner of the island.

COMMERCIAL LEASING & FINANCE (CLC) WINS SILVER AT SLITAD 20144-11-2014

Commercial Leasing & Finance PLC won the Silver Award at SLITAD awards held recently at the Galadari Hotel. In winning a Silver Award the very first time they competed for the SLITAD awards, CLC proved their care and commitment to the development of human resource within the company.

SLITAD awards is organized by the Sri Lanka Institute of Training and Development, the premier institute in Sri Lanka dedicated to the development of human resource development practices by bringing together the Government, Industry and Education. To this end, every year SLITAD awards local companies and institutions based on a frame work with 10 criteria including People Management Strategy, Recognition and Rewards, Performance Measurement, Continuous Improvement and others.

Commercial Leasing & Finance PLC is a member of the LOLC group, with over 20 years experience in serving its customers right at their doorstep for all their financial needs. It is equally dedicated to uplift its 500+ employee base with necessary training for both professional and personal development.

CLC was also chosen by Great Place to Work Institute Sri Lanka as one of the Best Companies to Work For in 2013. Together with the SLITAD award 2014, it shows that Commercial Leasing and Finance PLC is in the forefront of HR development practices in Sri Lanka.

DONATION OF TUBE WELL WATER PUMP TO UDAYARKADDU VILLAGE4-11-2014

CLC provided a long lasting solution by installing a tube well water pump to the drought affected village in Udayarkaddu in Mullaitivu District. There are 77 families in the village of Udayarkaddu who had to travel more than four (04) KM by foot to fetch water for their daily chores.

Special gratitude goes to Mr.Harsha Kumarage-Assistant Regional Manager Anuradapura Region ,Mr.Sarath Gamage –Chief Manager -Anuradapura Region,Mr. Tharmenthiran Ambrose –OIC –Killinochchi for their tireless efforts to make this CLC- CSR Project a success.

COMMERCIAL LEASING GETS CONTROL OF BRAC LANKA FINANCE FOR RS. 578 M15-9-2014

LOLC Group has acquired control of BRAC Lanka Finance PLC (formerly Nanada Finance and Investments PLC ) for Rs. 578 million. The move follows LOLC subsidiary Commercial Leasing and Finance PLC (CLC), a subsidiary of LOLC, buying 56.34% stake amounting to 59.58 million shares at Rs. 9.70 each.

The seller was BRAC Lanka Investments Ltd. With this acquisition LOLC Group now owns 91.36% of BRAC. Previous LOLC Micro Investments Ltd., a wholly owned subsidiary of LOLC held 35.02% stake in BRAC. Given its existing exposure, the LOLC Group said it sees the additional acquisition as an enhancement of its vision of financial inclusion.