Asia Asset Finance opens 124th and 125th branches simultaneously in Sri Lanka

Asia Asset Finance PLC opened its 124th branch in Uragasmanhandiya and its 125th branch in Tissamaharama simultaneously on October 19, 2026, according to EIN Presswire. The Sri Lankan financial services provider, backed by Muthoot Finance and carrying a Fitch rating of A+(lka) with a Stable Outlook, offers leasing, gold loans, fixed deposits, mortgage-backed lending and digital financial services.

Asia Asset Finance's Simultaneous Branch Openings

The 124th branch at Uragasmanhandiya was ceremonially opened by the company's female employees, while the 125th branch at Tissamaharama was opened by its male employees. The Uragasmanhandiya opening also included the donation of school equipment to a rural school and dry ration packs for parents in the surrounding community.

Chief Executive Officer Rajiv Gunawardana said: "Opening our 124th and 125th branches simultaneously is a very special milestone for Asia Asset Finance. Having our female colleagues lead the opening in Uragasmanhandiya while our male colleagues opened our 125th branch in Tissamaharama reflects the inclusive culture and collective strength of our organisation. Our expansion is not simply about increasing branch numbers. It is about bringing trusted financial services closer to communities, improving accessibility and continuing to build lasting relationships with our customers."

Asia Asset Finance has a heritage spanning more than five decades. The company said the expansion is focused on combining its physical network with digital innovation and customer-centric service.

Branch Expansion Across the Sector

Teachers Federal Credit Union plans new branches in Estero and Wesley Chapel, Florida, and Farmingville, New York, as part of its branch expansion strategy, PR Newswire reported on October 16, 2026. The credit union has $9.9 billion in assets and over 472,000 members, and partnered with JLL to guide its expansion.

Tompkins Bank & Trust announced plans to open a new full-service branch in West Seneca, Erie County, in early 2027, its first location in the Southtowns, citybiz reported on October 8, 2026. The branch, at 1201 Union Road, will serve business and consumer banking, with regulatory approvals received as of August 27, 2026. Tony Ando will lead the branch as business development officer.

Stock Yards Bank & Trust opened its first full-service Bowling Green branch on September 29, 2026, expanding from a loan production office established in May, Lane Report reported on October 7, 2026. The branch, located at 360 E. Eighth Ave., will add bankers and three tellers.

Asia Asset Finance's Next Steps

Asia Asset Finance said it remains focused on combining its expanding physical network with digital innovation, customer-centric service and a strong connection with the communities it serves as it moves beyond its 125-branch milestone.