Lanka Orix Finance Essay

1821 Words 8 Pages
INTRODUCTION * LANKA ORIX FINANCE is a one of the leading financial solution provider in Srilanka.It’s a Licensed Finance Company and part of the diversified LOLC group of companies, which was listed on the Colombo Stock Exchange in June 2011.And backed by the strength of one of the global financial giant “ORIX CORPORATION JAPAN”.

* Mr. Kapila Jayewardena was the chairman of the company. And he has appointed as a chairman in 2007 April.Mr.Ishara Nanayakkara was the deputy chairman of the company. And he has appointed as a Deputy Chairman in November 2002.Mr.Brindley de zylva was the CEO of the company and he has appointed as a CEO in April 2003.

* LOFC is the only non-bank financial institution to have been granted a
…show more content…
Therefore to get the correct pathway to achieve their targets LOFC also has their Vision, Mission, Objectives and values.
Vision
Vision refers to the organization’s future. The vision statement is an inspiration, the framework for all the strategic planning. The Vision statement of the company mainly focuses on the potential inherent in the company’s future, or what they intend to be. It contains references to how the company intends to make that future into a reality, the vision statement is simply a description of the “what”, meaning, what the company intends to become.
LOFC’S Vision
“We believe in an inclusive financial services that requires client advocacy and stewardship, a passion for leading edge solutions and the delivery of services that exceed customer expectations.”
The above mentioned Vision statement simply reveals that what LOLC wants to become.
According to their Chairman’s review LOLC is stable in providing Proactive fund management, consistent financial stability, dedicated management, coupled with the strategically positioned branch network. So These strengths are more valuable to gain investor confidence even in volatile market conditions. LOFC has ended the 2011/2012 financial year as one of the largest deposit taking institutions in the country, with a deposit base RS.25.1 Bn. The unique channel mechanism has contributed towards deposit growth.
With the end of conflict LOLC has embarked on a dedicated expansion drive in the

Related Documents