Lanka ORIX Finance Company Ltd. (LOFCL), an LOLC Group member, and Commercial Bank recently signed an agreement to instal Commercial Bank ATMs at identified LOLC Group branches.
This agreement was finalized at the Commercial Bank Head Office with LOLC Group Deputy Chairman Ishara Nananyakkara, Managing Director/CEO Kapila Jayawardena and LOFCL Managing Director/CEO Brindely de Zylva participating. Commercial Bank was represented by Managing Director Amitha Gooneratne, Deputy General Manager Operations. Sanath Bandaranayake and Chief Information Officer Rohan Muttiah among others.
Commercial Bank has an islandwide ATM network of over 400. The new partnership, whilst giving the opportunity for all LOFCL savings accountholders to utilize the Commercial Bank ATM network for cash withdrawals, also helps to expand the Commercial Bank ATM network for greater ease to its cardholders. Thereby both LOFCL and Commercial Bank customers will have the added benefit of accessing the ATM network from any location islandwide.
Since startin commercial operations in June 2003, LOFCL has created a niche for itself by becoming the fastest growing registered finance company in the country which offers a range of financial services including foreign currency business such as worker remittances and maintaining NRFC, RFC and SFIDA accounts. LOFCL is the only non-bank financial institution authorized to engage in foreign currency business. Over the years, the Company ’s product portfolio has grown to include savings accounts, fixed deposits, NRFC and RFC accounts, Islamic financial services, pawning services, etc. The Company has gained a firm reputation for stability, strength and service efficiency.
Speaking about this partnership, Commercial Bank Managing Director Gooneratne said, “With this new partnership, Commercial Bank will expand its ATM network further to provide its customers greater benefits. This will be of added convenience to our customers as the new ATMs will be installed in strategic locations countrywide.”
Also, commenting on this partnership, LOLC Group Managing Director Jayawardena said, “LOFCL savings accountholders will now have greater convenience through the new ATM network. We are looking at expanding our services further to offer our customers greater benefits.”
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