Siyapatha Finance PLC, a prominent homegrown finance company, has recently inaugurated its 61st branch in Nikaweratiya, marking a significant milestone in its expansion strategy aimed at delivering comprehensive financial solutions across Sri Lanka.
The branch opening ceremony was officiated by Mr. Ananda Seneviratne, Managing Director of Siyapatha Finance PLC, with the presence of Chief Executive Officer (Designate) Mr. Mathisha Hewawitharana, senior management, and notable attendees including Police OIC Mr. Harison Somasiri, Grama Niladhari Mr. H.M.T. Namal Bandara, as well as representatives from both government and private banks, insurance companies, and other well-wishers.
Nikaweratiya, renowned for its fertile soil and flat lands conducive to agriculture, has a rich agricultural heritage. However, the region has diversified its economic activities to include non-traditional industries. Today, the local economy is primarily driven by the service, agriculture, and industrial sectors.
In recent decades, Nikaweratiya has experienced a notable transformation in its real estate industry. Enhanced infrastructure and a favorable investment climate have catalyzed the development of modern housing projects and commercial spaces.
Mr. Ananda Seneviratne, Managing Director of Siyapatha Finance PLC, remarked, “The highest form of gratification for Siyapatha Finance is witnessing the impact our services have on the lives of the people we reach out to. During our timeline for the Nikaweratiya branch, we observed that the local community has opened up for new avenues. For instance, we have observed the youth emerging in digital services, women engaged in handloom crafts, and the overall agriculture industry gradually adopting organic farming practices. In such a background, we believe our support is essential to help this community build the foundation for success.”
The new branch offers a wide range of financial products, including leasing, fixed deposits, gold financing, business loans, personal loans, fast draft, factoring, and its bill payment facility, “Smart Pay.” These services aim to empower entrepreneurs, small and medium-sized enterprises (SMEs), and young individuals to seize growth opportunities and promote smart financial decision-making over time.
In light of the recent floods that affected the region, the branch opening ceremony was conducted modestly. Funds were allocated to provide gift vouchers for school children to purchase shoes and socks. These vouchers were distributed to children from affected families by Mr. Ananda Seneviratne, Mr. Mathisha Hewawitharana, and the senior management team of Siyapatha Finance PLC, in collaboration with the Divisional Secretariat Division and the Grama Niladhari of Nikaweratiya.
Siyapatha Finance PLC is the largest fully owned subsidiary of the Sampath Bank Group, with a network of over 60 branches nationwide. The company is committed to delivering top-tier service standards and holds a National Long-Term Rating of ‘A(lka)’ with a Stable Outlook by Fitch Ratings, highlighting its robust financial standing and growth potential. Over the past 20 years, Siyapatha Finance PLC has played a crucial role in supporting small and medium entrepreneurial ventures and fulfilling individual financial needs across the island.
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