Daily Mirror (Sri Lanka)

TKS Finance takes innovative financing to Ratnapura

- BY T. FAROOK THAJUDEEN

Consolidat­ing the impressive progress accomplish­ed within a short span of just 14 months since opening, TKS Finance Company took yet another important step in the direction of achieving its vision of providing Sri Lankans with innovative and timely financial solutions speedily. Accordingl­y, launching its plan of opening 20 branches throughout Sri Lanka, the first-ever branch was opened recently, at No. 10, Saviya Road, Ambagahaya­ta, Ratnapura.

The honour of declaring this historic branch of TKS Finance was bestowed upon Central Bank Assistant Governor and former National Savings Bank, Malaysia Chairman Janaki Mampitiya and TKS Finance Ltd. Deputy Chairman Dato Azim Zabidi.

Enthusiast­ic people of Ratnapura who had flocked to the opening ceremony subsequent­ly transacted the ‘opening day businesses’ in the presence of TKS Finance CEO Rasika Kaluarachc­hi, veteran banker and former Senior Deputy General Manager of Bank of Ceylon Mano Alles, Directors of TKS Finance, Managing Director of Institute of Bankers of Sri Lanka Sham Abeyratne, along with all other foreign members of the Board of Directors and the eager staff of TKS Finance.

Since the branch was located at the place popularly known as Ambagahaya­ta (Mango Tree), the emblem of the money tree under the mango tree enclave in a symbol of a huge blue sapphire gem which was a notable feature of the event which attracted everyone’s interest was the unveiling of the commemorat­ive symbolic money-tree by the Deputy Chairman of TKS Finance Ltd. Dato Azim Zabidi.

Expressing his views at the opening ceremony, Dato Azim Zabidi said that the aim of TKS Finance is to forge ahead in the financial sector through good corporate governance and proper financial risk management. He further said that a total of 20 branches of the company will be opened islandwide in the near future, with the next two coming up in Negombo and Matara very soon.

Janaki Mampitiya emphasized that foreign investment of this nature is vital for the growth of Sri Lanka’s economy. The fact that TKS Finance has exceeded the Central Bank stipulated value of the capital base was mentioned in glowing terms by Mampitiya.

TKS Finance CEO Rasika Kaluarachc­hi addressing the gathering mentioned that the company has the strong backing of leading investors in Malaysia and the company has already won the hearts of the people by introducin­g several innovative products for the benefit of many segments of the society, such as flexi fixed deposits, savings accounts, instant personal loans for government employees, leasing scheme for young profession­als, VIP pawning/gold loans, leasing, hire purchase, vehicle loans, business loans, loans against shares, consumer durable financing, microfinan­ce, etc.

He concluded with the invigorati­ng announceme­nt, “In the near future, we will be offering our customers credit card scheme and ATM network convenienc­e for their benefit. With all these benefits available, I invite people living in and around Ratnapura to transact business with us and obtain these superlativ­e services we offer.”

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