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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » LOFC Listing Vs LOLC

LOFC Listing Vs LOLC

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1LOFC Listing Vs LOLC Empty LOFC Listing Vs LOLC Sat Jul 02, 2011 9:54 am

ISURU

ISURU
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

How could Lanka ORIX Finance Listing be affected on current LOLC share price..?

2LOFC Listing Vs LOLC Empty Re: LOFC Listing Vs LOLC Sat Jul 02, 2011 10:05 am

sanjeewa88

sanjeewa88
Manager - Equity Analytics
Manager - Equity Analytics

ISURU wrote:How could Lanka ORIX Finance Listing be affected on current LOLC share price..?

Thanks.

The transition of LOLC from a Specialized Leasing Establishment to a Diversified Conglomerate with LOFC inheriting the Finance Leasing business of LOLC resulted in monthly disbursements exceeding Rs 1.8 billion per month during the financial year 2010/11. With the completion of this transition consequent to the Central Bank approval obtained by LOLC it is expected that monthly disbursements will increase by over 47% and exceed Rs 2.6 billion monthly during the year 2011/12.

From Introductory Document

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