Siyapatha Finance PLC, a fully owned subsidiary of Sampath Bank PLC, ceremoniously opened its 53rd branch located at No. 134, Station Road, Homagama, recently. The grand opening marked another milestone in the company’s ongoing mission to provide accessible, customer-centric financial solutions across Sri Lanka. The event was attended by Siyapatha Finance’s Managing Director, Mr. Ananda Seneviratne, Chief Operating Officer, Mr. Rajeev De Silva, other senior officials, alongside key representatives from local government , ASP- Homagama, Mr. Hasanga Randika Wedamulla, Acting OIC – Homagama , Mr. Priyashantha , President of the Trade Association , Principal of Magammana Maha Vidyalaya , Mrs. K. Padmalatha , private sector institutions, financial institutions and insurance companies in the area.
The Homagama branch offers a diverse range of financial products, including leasing, fixed deposits, savings accounts, gold financing, business loans, personal loans, fast draft services, factoring, and the Smart Pay automated bill payment facility, tailored to meet the needs of both individuals and businesses in the Homagama area, supporting the local community’s financial aspirations.
With a land area of approximately 137 square kilometers and home to the highest population of any Pradeshiya Sabha in Sri Lanka, Homagama is a rapidly growing and economically dynamic region. The area is characterized by a diverse mix of businesses, including textiles, motor vehicles, property development, and rental services. Small and medium enterprises (SMEs), as well as larger organizations, form the backbone of Homagama’s economy.
“Being part of the Colombo District and conveniently connected by the Southern Expressway, Homagama plays a crucial role in the economic development of the region. Its proximity to Colombo also presents significant opportunities for both established and emerging businesses. Siyapatha Finance’s expansion into this area provides tailored financial solutions that cater to the needs of local entrepreneurs, individuals, and families, contributing to the broader economic development of the region,” stated Mr. Ananda Seneviratne, Managing Director of Siyapatha Finance PLC.
“With the opening of this new branch, we hope to enhance the living standards of all stakeholders in the region by providing access to affordable financial services that support the growth of local businesses and individuals. Especially, with around 51% of Homagama’s population being female, Siyapatha Finance is set to empower women through customized services, helping improve their quality of life,” he further elaborated.
As part of its commitment to social responsibility, Siyapatha Finance PLC also launched its “Siyapathen Mihikathata” initiative in Homagama. In parallel with the branch opening, the company’s senior management team participated in a tree-planting program and donated computers and accessories to a local school – Magammana Maha Vidyalaya , Homagama , affirming the organization’s dedication to educational development and environmental sustainability within the communities it operates in.
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 52 branches strategically located across key urban centers and towns.
A listed entity on the Colombo Stock Exchange (CSE) for over a decade, Siyapatha Finance PLC 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 30th 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.
