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| Friday, 5 December 2003 |
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Standard Chartered Bank to invest US $ 1.6 million in ambitious growth drive By Ramani Kangaraarachchi Standard Chartered Bank (SCB) will invests US$ 1.6 million on new technology towards the growth of its business which is a significant advancement in its 18 year history, SCB Chief Executive Officer, Vishnu Mohan said. "The new system is called e-BBS (enable Business Banking System) which facilitates the customers with a host of electronic channels that the bank lacked in the previous system. We also have given a 90 day comprehensive training to the staff covering the entire system to give the best services to customers. Services of local IT companies will be obtained to develop the technology in order to support the country's economy, he said. Asked about the effect of current political changes towards the bank he said that it has experienced many ups and downs in the past with a war going on and was confident that problems will be resolved without a major effect. Two new interconnected automatic teller machines, an internet banking system and a new branch in Colombo 7. are on the cards as part of its expansion. The bank already has eight branches in Sri Lanka in Fort, Pettha, Colpetty, Bambalapitiya, Wellawatta, Moratuwa, Rajagiriya and Kirulapone of its 500 offices operating in more than 50 countries worldwide. Apart from its services the bank has always been community minded. Donations to Cancer Hospital, flood relief fund, and sponsoring 11 doctors from abroad to do 14 heart surgeries for kids were among those projects completed and such projects will be continued towards its committed services to the nation, Mohan said. |
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