Central Finance to set up ATM network, new savings scheme launched

by Anjana Samarasinghe

Central Finance Co. Ltd. expects to setup an ATM network in the next three months, Managing Director of Central Finance E.H. Wijenaike said at the launch of four new saving schemes. Wijenaike said that it is welcome that Central Bank has authorised finance companies to introduce saving products for the customers.

Although some finance companies introduce their saving products as soon as the CB granted approval but we need to come up with the ideal saving products with latest technology, he said.

The company has included five branches in Kandy, Colombo, Negombo, Nugegoda and Kurunegala for their online network and hope to expand the network to other branches too.Central Finance has invested nearly Rs. 100 million for the technical implementation of the ATM network.