George Steuart Finance commences operations in Kurunegala

Rapidly expanding George Steuart Finance today opened its 6th branch, this time in the historic city of Kurunegala, through which the company would strongly promote Micro Financing solutions.

Located at No 155, Puttalam Road, Kurunegala, the branch offers all conveniences to customers. The branch was declared open by the Chief Guest Admiral Somathilaka Dissanayaka, Ex Commander of the Sri Lanka Navy and Presidential Advisor on Maritime Affairs and the Guest of Honour Major General Daya Ratnayaka, Chief of Staff, Sri Lanka Army, in the presence of the Chairman and Board of Directors along with other management, staff, customers and well wishers.

Speaking at the opening, Lakshman Uduwara, Director/CEO, George Steuart Finance said, “We are happy to set our footprint in the historic town at Athugalpura which is a strategic regional hub for business activities with its core economic activities revolving around the coconut industry, paddy cultivation, poultry and trading in imported automotives and spares. This is the sixth branch in our network and a point from where we plan to engage strongly in Micro Financing activities. Our directors have been keen to reach out to the enterprising rural youth and support them with financial assistance and managerial/technical inputs to improve their economic fortunes. We have already selected several community clusters in Kurunegala suburbs and in rural pockets for micro finance activities.”

Speaking on the implementation of Micro Financing services Uditha Ranaweera, Director/Head of Business Development, George Steuart Finance said, “A trained team dedicated for Micro Financing has already been set up and we are quite confident that it would be a success resulting in economic upliftment of the people in the area. We will nurture this relationship further by interacting with these customers frequently and mingling with them in their social events as well.”

As a Finance Company registered with the Monetary Board of the Central Bank of Sri Lanka the company offers attractive interest rates on deposits giving customers an ideal opportunity to get the best returns while having the assurance that their investments are safe. George Steuart Finance also provides fast and flexible Finance Leasing facilities, Hire Purchase facilities, Short Term Trade finance, Cheque and Bills Discounting, Margin Trading and are also engaged in real estate and property development.

The company also announced that it would be opening a ‘kiosk’ type branch at the popular Kandy City Centre by the end of the year and are planning to commence savings as a product in the near future.

The company has been offering financial services to the public for over 7 years being first established as a registered leasing company. The company subsequently received its finance license which also coincided with the company shifting its main office to a more spacious, convenient and multi-storied location. Now as George Steuart Finance, a listed entity on the Colombo Stock Exchange, the company will have access to the entire customer network of the group. The company is determined to accelerate its pace of growth and promises its valued customers a quality service and financial solutions custom made to suit their divergent business needs.