Governor to visit Kilinochchi, Mulaitivu

Sanjeevi JAYASURIYA

Central Bank Governor Ajith Nivard Cabraal will visit Killinochchi and Mulaitivu tomorrow (18) to open the Hatton National Bank branch in Mulaitivu and the Commercial Leasing and The Finance Company branch office in Killinochchi.

The Governor will also lay foundation stone for the Yalpanam Dairy Ltd in Kanagambinikulam, Killinochchi.

The opening of bank branch offices in Mulaitivu and Killinochchi is to attract new businesses and to provide and expand existing financial and leasing facilities in the North while supplementing the government efforts to develop the region.

"We will be opening our 50th branch office in Killinochchi to widen the reach in the North and the East regions. We have several branches in the region at present and are looking at expanding our network to serve more customers, a Commercial Leasing and Finance Company official told Daily News Business.

"The expansion plan of the company is to have more presence in the North and the East region where there are booming business opportunities in financial and leasing sectors. As the company has obtained licence to provide financial services from last December, we will be aggressively looking at providing a holistic service to potential customers once the basic infrastructure and systems are ready, he said.

The Commercial Leasing and Finance Company has currently launched financial services internally and has not started a comprehensive marketing campaign yet.

"We will be marketing aggressively from next month and will be focusing on differentiation strategy to encourage potential customers to benefit from our unique financial product portfolio in the near future," the official said.