People's Merchant Finance Company opens Colombo branch

Friday, 11 March 2011 00:36 - - {{hitsCtrl.values.hits}}

The Peoples Merchant Finance Company established in Kandy in 1981 (formerly known as Silvereen Finance) has rapidly become a sort after financial institution by the people of Kandy and the vicinity. With the strength and reliability of its parent company the People’s Merchant PLC a well established financial institution in the island, PMF which is duly registered with the Monetary Board of the Central Bank offers a wide range of financial services including fixed deposits. They also offer leasing and hire purchase services with special competitive rates of interest and a quick, hassle free service.

From left: Chief Guest Central Bank Deputy Governor Priyantha Fernando cuts the ribbon at the opening. Others from left are People’s Merchant Finance Managing Director and CEO Anura Wickremasinghe, Chairman Ajith Panditharatne and Monetary Board Advisory Council Member - Pic by Preethi Jayawardena

Following closely on the success of its operations in Kandy, PMF recently opened its first branch office at the Peoples Merchant PLC office complex in Wekanda Road in the Navam Mawatha area in Colombo. Peoples Merchant Finance Company with a credit rating of BBB- /P3 is a subsidiary company of the Peoples Merchant PLC which in turn is an associate company of the Peoples Bank.

A spokesman for the company said “Like our name clearly suggests, we are a very people oriented financial institute. It is the people’s interest that comes first and always and we continually strive to give them a reliable service to ensure that they are satisfied. This together with efficient service has opened the doors for more customers to do business with us. Our sensitivity to meet each and every one of our customer’s aspirations has enabled the company to open its first branch outside Kandy. Even though Colombo is a very competitive environment with many players in the financial sector, we are confident that our unique, personalized style of doing business will help us acquire a comfortable segment of the market quite rapidly. With this in mind we look forward to the challenges ahead with optimism.”