Ideal Finance ramps up branch network | Sunday Observer

Ideal Finance ramps up branch network

24 October, 2021
Chairman Nalin Welgama
Chairman Nalin Welgama

Ideal Finance Limited (IFL) opened four branches in strategic locations in the Western and Northern Provinces, strengthening its network to 17 locations.

IFL, which earlier planned to more than double its branch network within the current financial year, by adding 16 new locations, opened the new branches in Chunnakam, Nelliady, Ja-Ela and Kaduwela. These branches will offer IFL’s comprehensive suite of financial solutions including Fixed Deposits, Leasing Facilities and Gold Loans.

“The timely expansion of Ideal Finance’s footprint in key rural, urban and semi-urban areas enables our customers to access our services more easily, while also positioning the company to benefit from economic transitions taking place within the country,” Ideal Finance Deputy Chairman, Aravinda de Silva said.

“The strengthening of the branch network will support in achieving the company’s growth strategy, which we are confident will propel Ideal Finance to the next phase in its progression.”

The opening of the new branches enhances IFL’s presence in significant commercial centres with high-growth potential within the Northern and Western provinces.