Homegrown finance company Siyapatha Finance PLC recently opened its 61st branch in Nikaweratiya, successfully progressing a step further with the Company’s broader expansion efforts of bringing holistic financial solutions to all communities across Sri Lanka.
The newest branch was declared open by Siyapatha Finance PLC Managing Director Mr. Ananda Seneviratne, in the presence of Chief Executive Officer (Designate) Mr. Mathisha Hewawitharana, and senior management, as well as Police OIC Mr. Harison Somasiri, Grama Niladhari Mr. H.M.T. Namal Bandara representatives of the government and private banks and insurance companies, and well-wishers.
Endowed with fertile soil and flat lands ideal for cultivation, Nikeweratiya has gained fame for its agricultural heritage and prominence, where the community continues to place emphasis on the integration of unique farming techniques to this day.
While traditionally and historically renowned for agriculture, Nikaweratiya has diversified its economic base into non-traditional industries. Presently, the employment landscape is dominated by the service sector, agriculture and industrial sectors.
Over the span of a few decades, Nikaweratiya saw a remarkable shift in the real estate industry. The region’s positioning – supported by advancing infrastructure and improved climate for investments – has paved the way to a rise in modern housing projects as well as the availability of commercial spaces.
“The highest form of gratification for Siyapatha Finance is witnessing the impact our services have towards the lives of the people we reach out to,” commented Siyapatha Finance PLC Managing Director Mr. Ananda Seneviratne. “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.”
Boasting a comprehensive product portfolio ranging from leasing, fixed deposits, gold financing, business loans, personal loans, fast draft, and factoring to “Smart Pay” – its bill payment facility, the newest branch aims to help entrepreneurs, small and medium-scale enterprises (SMEs), and aspiring young individuals to seize growth opportunities and encourage smart financial decision-making in the long run.
Following the recent floods in the country and the number of lives affected , a low key opening ceremony was conducted and the money had been allocated for donating gift vouchers for the school children to buy school shoes and socks.
The gift vouchers were handed over to the school children of the affected families by Mr. Ananda Seneviratne, Managing Director , Mr. Mathisha Hewawitharana , Chief Executive Officer and the senior management of Siyapatha Finance PLC at the opening ceremony in collaboration with the Divisional Secretariat Division and the Grama Niladhari of Nikaweratiya.
Siyapatha Finance PLC, the largest fully owned subsidiary of the Sampath Bank Group, boasts an islandwide network of over 60 branches, ensuring its customers are provided with the best-in-service delivery standards. The Company has secured a National Long-Term Rating of ‘A(lka)’ with a Stable Outlook by Fitch Ratings, reflecting solid financial standing and promising growth trajectory. Over the past 20 years, Siyapatha Finance PLC has contributed to the development of small and medium entrepreneurial efforts as well as the fulfillment of individual financial needs across the island.
