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Seylan Bank, known for its progressive banking practices, has again been rewarded at the Asian Banking Awards 2004, Asia's most prestigious banking awards program, as the runner-up in the "Operational Efficiency Program" category.

The bank's entry based on operational excellence of its Treasury Division was among 107 entries from 49 banks in 15 countries.

The most outstanding entry under the "Operational Efficiency Program" category went to Singapore's OCBC Bank for its "Process Redesign for Letter of Credit Issuance Policy".

The runner-up slot was recognition of being among the most outstanding in this category.

Given the quality of the performance of the bank's Treasury Division and the resulting excellence, regional recognition has been achieved for a vital division of the bank's core business.

Seylan Bank won its first international award at the Asian Banking Awards 2001 for its project Govisarupatha - Credit Card for Farmers under "Micro Credit Project or Program" category.

This was followed by a runner-up award that the bank obtained at the Asian Forum on Corporate Responsibility under the "Poverty Alleviation" category titled "Comprehensive Micro Finance for Micro Sector Empowerment".

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