manusath-derana

Commercial Credit adds 20 new locations to island wide reach

March, 21, 2014

Commercial Credit consolidated its reputation as one of the finance industry’s most notable success stories and as Sri Lanka’s fastest growing finance company with a record breaking expansion to 20 new locations across the country.

Thursday 20 March was indeed a red letter day in the thirty two year history of Commercial Credit as customers and well-wishers gathered in large numbers at the simultaneous openings across Sri Lanka.

The new locations spanning the length and breadth of the country and added to the Commercial Credit network are - Aluthgama, Aralaganwila, Akuressa, Chunnagam, Deniyaya, Delft, Elpitiya, Giriulla, Hatton, Kalpitiya, Mannar, Medawachchiya, Nawalapitiya, Pottuvil, Rikillagaskada, Teldeniya, Tanamalwila, Udugama, Valaichchenai and Welimada.

With this massive expansion, Commercial Credit stretches the Company’s reach across the country to 75 locations thus bringing its benchmark superior levels of service and expertise within easy reach of its steadily increasing island wide customer base.

Commercial Credit’s CEO Roshan Egodage said, “This significant expansion, and all of them on the same day, is yet again a demonstration of our commitment to the public of Sri Lanka. We’re now fully geared to serve the people of these towns and surrounding areas with our large range of products and services. Among them are Fixed Deposits, Leasing, Hire Purchase, Gold Loans, Real Estate, Personal Loans, Education Loans and Micro Finance”.

Confirming the Company’s excellent track record and potential, the leading frontier markets private equity investor, Creation Investments Capital Management LLC, Chicago, USA recently agreed to invest Rs. 1.68 billion into Commercial Credit through its wholly owned subsidiary, Creation Investments Sri Lanka LLC. This is the largest investment by an international private equity fund into a publicly listed Sri Lankan licensed finance company and is a strong validation of the success of Commercial Credit.

Commercial Credit is one of Sri Lanka’s leading financial service organisations registered with the Monetary Board of the Central Bank of Sri Lanka.