Siyapatha Finance expands nationwide reach with new Deniyaya branch opening

5 December 2024 12:00 am Views - 30

Siyapatha Finance PLC, a leading finance company in Sri Lanka and a fully owned subsidiary of Sampath Bank PLC, recently opened its 52nd branch at 310/2, Pallegama Road, Main Street, Deniyaya. With this latest branch, Siyapatha Finance continued its commitment to delivering best-in-class financial solutions to communities across the island. The official opening ceremony was graced by Siyapatha Finance PLC's Managing Director, Mr. Ananda Seneviratne, Chief Operating Officer, Mr. Rajeev De Silva, and other senior officials, alongside key representatives from local government ,  private sector institutions, financial institutions and insurance companies in the area.

The new Deniyaya branch offers  a comprehensive suite of financial services, including leasing, fixed deposits, savings accounts, gold financing, business loans, personal loans, fast draft services, factoring, and Siyapatha Finance's innovative Smart Pay automated bill payment facility. These services are  designed to meet the diverse financial needs of Deniyaya's unique demographic, supporting both individual and business aspirations in the region.

Located in the Matara District of the Southern Province, Deniyaya is an economically robust town with a strong agricultural backbone, primarily based on tea cultivation. With 46% of the local working population engaged in agriculture and 29% employed in the private sector, the town is home to numerous small tea holders and farmers involved in diverse crop cultivation, including vegetables, paddy, pepper, cinnamon, and rubber. The surrounding Sinharaja Rainforest—a UNESCO World Heritage site—also attracts Eco-tourists, providing an additional income stream to the community.

“Siyapatha Finance’s venture into Deniyaya reflects our commitment to empowering local economies and supporting the growth of local small and medium enterprises,” stated Mr. Ananda Seneviratne, Managing Director of Siyapatha Finance PLC. “By providing tailored financial solutions, we aim to uplift the local community and contribute to the economic prosperity of Deniyaya’s agricultural and tourism sectors.”

 

In conjunction with the new branch opening, Siyapatha Finance launched its “Siyaptahen Mihikathata,” a Corporate Social Responsibility (CSR) initiative in Deniyaya. The senior management team demonstrated the company’s commitment to environmental sustainability and social welfare by initiating a tree-planting program and donating computers and accessories to Kiriweldola Kanishta Vidyalaya , Deniyaya , reinforcing the company’s dedication to promoting greener, more sustainable communities.

Established in 2005 and regulated by the Central Bank of Sri Lanka (CBSL), Siyapatha Finance has garnered and secured a reputation as a premier leasing company, renowned for its commitment to excellence and customer-centric financial solutions. With a dedicated team of over 950 professionals, the company has expanded its footprint to encompass over 51 branches strategically located across key urban centers and towns.

A listed entity on the Colombo Stock Exchange (CSE) for over a decade, Siyapatha Finance soon evolved into Sampath Bank's largest subsidiary. Its diverse portfolio encompasses finance leasing, loans, gold financing, fast drafts, factoring (debt financing), and an array of other financial services. Fitch Ratings has affirmed Siyapatha Finance’s National Long-Term Rating at BBB+ (lka) with a Stable Outlook, endorsing the company's solid financial standing and promising growth trajectory.

 

 

In a recent comprehensive financial analysis carried out by K Seeds Investments (Pvt) Ltd, Siyapatha Finance PLC was ranked the “Best Performing Finance Company” in Category 2  among  licensed finance companies for the quarter ended 30^th June,2024.

Further, Siyapatha Finance PLC was honoured as the “Best Employer Brand” at the recently concluded Sri Lanka Best Employer Brand Awards 2024. Organized by the Employer Branding Institute,India, along with the World HRD Congress and Stars of the Industry Awards Group, the awards recognize and reward Sri Lankan brands that excel in Human Resources and its development.

For more information, please contact Siyapatha Finance Deniyaya branch at 310/2, Pallegama Road, Deniyaya ( 041-7605625)  or visit www.siyapatha.lk.