Sinhaputhra Finance opens branch in Katugastota

Sinhaputhra Finance PLC which is the largest registered finance company headquartered outside Colombo with its central operations in Kandy has now opened a branch in Katugastota.

AGM Branches Upali Hangawatte said that after 32 years of experience in financial management, Sinhaputhra has the in depth knowledge and expertise in the market, but more so the confidence and brand which is unparallel in the Central Provinces. Hence with an experienced Manager of the company counting 15 years of service Nuwan Yatawara will lead the team.

With a fund base of over Rs three billion and a potential to securitize and raise a further 2.5 billion in bank funding - Sinhaputhra is well placed for further expansion. However, the core of Sinhaputhra's strategy "Small is Beautiful" a theme developed from the philosophy of British Economist E.H. Schmarcher in 1973, and adopted by Sinhaputhra founder ex- Additional Secretary Defence and External Affairs Tissa Wijeyeratne is now under pressure.

When questioned about this dichotomy in corporate philosophy Managing Director Ravana Wijeyeratne, stressed that the model will be adopted by each centre and that the core philosophy of conservative expansion and low gearing compared to peers is still observed to make Sinhaputhra a stronger, and more dependable partner in the lives of the people.

Director Operations and Branches, Saliya de Alwis said that with nine centres in strategic locations in the Island, branding Sinhaputhra has become of core importance. Hence with the sporting of Sinhaputhra's attractive lion logo with the year of business commencement (1979) followed by the bold name of Sinhaputhra.