Siyapatha Finance PLC recently opened its 51st branch in Matugama, advancing on its efforts to extend the company’s reach across the island nation. 

The latest branch offers Siyapatha’s customer-centric financial solutions to one of the primary semi-urban towns located within the Kalutara district.

Endowed with a mixed economy that consolidates the involvement of both the government and private sector, Matugama boasts high potential for the growth of its business community. Locals heavily lean on traditional economic routes such as the plantation industry, with an emphasis on rubber, paddy, coconut and tea plantations. The area also displays notable progress as well as popularity in the services and agriculture industries among the population.

Adding on to the flourishing economy of Matugama is the boost in the tourism sector, where ancient religious shrines such as Pahiyangala (Fa Hien Cave) and Bakkula Maha Seya as well as mesmerising beauty of Sinharaja Rain Forest and many natural waterfalls have paved the path for a promising future in the hospitality industry.
The branch was declared open in the presence of Siyapatha Finance PLC Managing Director Ananda Seneviratne, Director Janakan Selvarathnam, Director Shiran Perera, Director Sriyani Ranathunga, Chief Operating Officer Rajeev De Silva and the senior management as well as Matugama Divisional Secretary Madusha Sankalpa, Urban Council Secretary Nelu Nishanthi Iddagoda, Acting Police HQI Ruwan Indika, Trade Association President Chula Jayaneththi and representatives of the government and private financial institutions.
Speaking at the ceremony, Seneviratne noted, “In the fast-paced era we live in, the financial services sector in particular needs to keep up with the financial requirements of the business sector. Matugama exhibits great capacity for growth and therefore the necessity for the holistic services offered by Siyapatha Finance. We are thrilled to expand our footprint to cater to the financial needs of this community.”

The company boasts a broad 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.
Consistent with its ongoing ‘Siyapathen Mihikathata’ CSR programme centred on sustainable financing, the managing director and senior management of Siyapatha Finance PLC carried out a tree planting initiative in Agalawaththa. Moreover, the company also donated computers and accessories to Yatiyana Kanishta Vidyalaya, Agalawaththa, in an effort to support the development of digital education in Matugama.

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. Over the past 19 years, the company has contributed to the development of small and medium entrepreneurial efforts as well as the fulfilment of individual financial needs across the island.