Softlogic Finance opens branches in Senkadagala and Pamankada

Tuesday, 21 April 2015 00:57 - - {{hitsCtrl.values.hits}}

Demonstrates aggressive expansion strategy with 2 branch openings within a week Softlogic Finance PLC has affirmed its aggressive expansion strategy by opening two fully-fledged branches in Senkadagala, Kandy and Pamankada, Colombo 6 within a single week. The opening of the two branches at strategic and convenient locations expands Softlogic Finance’s network across the country to 31 locations – 19 branches and 12 standalone gold loan centres. Both will offer the full range of services provided by Softlogic Finance including Leasing and Hire Purchase, Fixed Deposits and Savings, Personal Loans, Business Loans, Gold Loans and Working Capital Loans. The new Senkadagala branch, which strengthens the company’s presence to two branches in Kandy and four in the Central Province, was opened on 6 April at No. 235/B, Katugasthota Road, Kandy. The Pamankada branch, the company’s fifth in the Western Province, was opened on 8 April at No. 201, W.A. De Silva Mawatha, Colombo 6. The branches will be open during week days from 8:30 a.m. to 5 p.m. for business.

“These recent branch openings underscore Softlogic Finance PLC’s aggressive expansion strategy, as well as the company’s commitment to develop an island-wide footprint, in line with its vision of becoming the preferred non-banking financial institution in Sri Lanka,” Softlogic Finance PLC Deputy Chairman Harris Premaratne said. “Along with expanding the ‘hard infrastructure’ relating to branches, the company will continue to focus on further enhancing our offering to clients through excellent customer care and implementation of best IT practices, among other measures.” The company’s flagship ‘Clean Zone’ community initiative, which intends to improve the cleanliness of a 500 m roadside extent to both sides of its branches and inculcate the habit of segregating recyclable and non-recyclable refuse among the public, is expected to be launched soon at the new Senkadagala branch. Softlogic Finance PLC is part of the Softlogic Group that has interests in healthcare, retail, financial services, ICT, leisure, automobiles and restaurants. The company is a Registered Finance Company under Finance Business Act No 42 of 2011, as well as being a Specialised Leasing Company, licensed by the Central Bank of Sri Lanka under the Finance Leasing Act No. 56 of 2000. The principle lines of business include leasing and hire purchase, fixed deposits and savings, personal loans, business loans, gold loans and working capital loans.