Homegrown finance company Siyapatha Finance PLC recently unveiled its latest branch in Minuwangoda in the Gampaha District, successfully opening the 59th branch through the company’s resolute expansion efforts.
The branch was ceremoniously declared open by Siyapatha Finance PLC Managing Director Mr. Ananda Seneviratne, Chief Executive Officer (Designate) Mr. Mathisha Hewavitharana, Chief Operating Officer (COO) Mr. Rajeev De Silva and senior management, along with Minuwangoda Divisional Secretary Mrs. U.W.T.U Rajakaruna, Assistant Divisional secretaty Mrs. Y.A Dissanayake, Police Chief Inspector Mr. Hettiarachchi, Grama Niladhari Mr. Samantha, Trade Association President Mr. Chaminda Silva representatives of the government and private banks and insurance companies, and well-wishers.
Strategically located 15 km East of Negombo, in close proximity to the Bandaranaike International Airport (BIA) and the Colombo-Katunayake Expressway, the Minuwangoda town is a harmonious integration between scenic rural beauty, diversified economic activity, and popularity in residential real estate. Over the years, the enhanced accessibility to healthcare, educational institutes, transportation, infrastructure, and modern amenities has rapidly expanded the region into a thriving commercial hub.
“Minuwangoda is a bustling town with local markets, emerging industries, and, most notably, a closely-knit community that upholds tradition and culture to the highest,” noted Siyapatha Finance PLC Managing Director Mr. Ananda Seneviratne, adding: “Today, not only is Siyapatha Finance expanding into a new space, but we are also given the opportunity to create new reliable, personal relationships with our customers through our tailor-made holistic financial solutions. The final goal is to see these efforts reflected through the development of the region.”
While a significant 66.6% of the population comprises the economically active workforce aged between 15 and 64 years, the employment distribution of Minuwangoda emphasizes a strong inclination towards the service sector and is closely followed by industry-oriented activities, with a minority engaged in the agriculture sector.
The Minuwangoda Export Processing Zone has garnered greater recognition as a major industrial landmark specializing in sectors such as metalwork, wood products, and apparel and textile to processed food and automotive components, attracting both local and foreign investments over the years.
Boasting a comprehensive product portfolio ranging from leasing, fixed deposits, savings, gold financing, business loans, personal loans, fast draft, and factoring to Smart Pay, its automated bill payment facility, the newest branch seeks to empower the business community as well as aspiring individuals and uplift the standard of living of the local community.
In line with its “Siyapathen Mihikathata” CSR programme focusing on sustainable financing, the senior management led by the Managing Director of Siyapatha Finance PLC distributed accessories for a smart classroom to the Minuwangoda Kalahugoda Madawala Ekabadda Kanishta Vidyalaya. The initiative aims to equip schoolchildren with the necessary tools to enhance digital literacy and transform academic advancements in a rapidly evolving environment.
Siyapatha Finance PLC, the largest fully owned subsidiary of the Sampath Bank Group, boasts an islandwide network of branches, including in the North East, 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, the Siyapatha Finance PLC has contributed to the development of small and medium entrepreneurial efforts as well as the fulfilment of individual financial needs across the island.
