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Tuesday, 12 February 2013

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Mercantile Investments and Finance opens three new locations in 2013


Managing Director lighting the oil lamp during the opening ceremony at Kottawa service center

Mercantile Investments and Finance PLC(MI) announced the opening of three new locations in January 2013, with a branch in Ampara and two service centers in Kottawa and Minuwangoda.

This brings the number of branch/service center locations to 19 all of them in key towns where they will best serve the clients of MI. Kottawa service center for instance islocated in a key strategic hub considering that it is positioned between two major highways that would connect Negombo to Galle and beyond in the near future. Customers who reside as far as these locations would be able to travel in a very short duration and enjoy theunparallel service offered by MI.

MI is renowned for providing a speedy and efficient service through a team of skilled and dedicated employees. The company's tag line "Service that extends beyond" says it all.

The new branch openings are a result of the implementation of the Strategic Plan which identified key markets and customer segments which MI will target as part of their growth plans. Further expansion is planned in the months to come.

Gerard Ondaatjie, Managing Director of MI stated at the opening of Kottawa Service Centre "I am really pleased at our rate of growth during the last twelve months.

We will continue to expand where our target market is, while ensuring that risk is managed in an acceptable manner. I am confident that we have set the basis for healthy growth in the years to come."

Mercantile Investments and Finance PLC is a Licensed Finance Company under the Finance Business Act No. 42 of 2011, listed on the DiriSavi Board of the Colombo Stock Exchange. MI is a public limited liability company incorporated in Sri Lanka on 15 June 1964 under the Companies Ordinance No. 51 of 1938 and reregistered under the Companies Act No. 07 of 2007and is on the verge of completing five decades in operation.

The new look of Minuwangoda service center Managing Director, Gerard Ondaatjie handing over the keys to a customer at the Ampara branch opening

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