Siyapatha Finance opens 50th branch in versatile Valaichchenai

Friday, 9 August 2024 00:33 - - {{hitsCtrl.values.hits}}

Premier homegrown finance company Siyapatha Finance PLC successfully opened its 50th branch in Valaichchenai recently.

The new branch opening took place in the presence of Siyapatha Finance PLC Managing Director Ananda Seneviratne, Chief Operating Officer Rajeev De Silva and the senior management as well as Valaichchenai Divisional Secretary Roshini Vigneshwaran, Assistant Superintendent of Police –Valaichchenai A.L.M. Jameel, Police Officer in Charge – Valaichchenai S.M.R. Bandara, Grama Niladhari – Valaichchenai K. Subash, Sampath Bank – Valaichchenai Chief Manager A.N. David Nidarshan and representatives of Government and private financial institutions.

From fishery, plantation and textile to tourism and hospitality, Valaichchenai today has fast progressed into one of the most commercially occupied demographics in the Batticaloa District. This versatile nature of business and the scenic natural beauty in the area has encouraged Siyapatha to support locals in discovering its maximum potential.

“Siyapatha Finance PLC today marks a significant milestone in its goal to reach every corner of the Island Nation. The opening of our 50th branch in Valaichchenai has given the opportunity to offer our holistic financial services to a growing business community and witness the very purpose of our organisation come to life. It is a truly rewarding experience to keep reaching new communities, and we are determined to continue these expansion efforts in the future as well,” shared Siyapatha Finance PLC Managing Director Ananda Seneviratne.

Approximately 65% of Batticaloa’s total population represent the district’s workforce. While people of Valaichchenai primarily depend on traditional industries for a steady income, a considerable portion of this segment also leans on small and medium-scale enterprises and other part-time trade activities.

Playing a significant role in the business front is the fishing industry. Apart from the Valaichchenai Lagoon, improved facilities and operational efficiency in the Fisheries Harbour has pushed the industry to emerge as one of the most promising sources of income to a majority in the community. Over the past decade, the serene, shallow seas, rich biodiversity and unique cultural practices have collectively brought Valaichchenai into the tourism limelight, creating newer avenues not only for income-generation, but also for the locality’s socioeconomic development.

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.

In light of expanding its branch network to Valaichchenai, the senior management of Siyapatha Finance PLC extended the efforts of “Siyapathen Mihikathata”, the CSR program focusing on islandwide environmental conservation, to BT/KK/Puthukkudiyiruppu Vani Vidyalaya, where the company also donated computers and accessories to uplift the school’s quality of digital education.