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| Wednesday, 25 August 2004 |
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SCB's pre-tax profit up 23% in 1H 2004 by Irangika Range Standard Chartered Bank's (SCB) pre tax profit has increased by 23 percent while the revenue has increased by 16 percent in the first six months of this year. This was a significant growth rate compared to its first six months in 2003. This growth was mainly due to the SCB's new customer-focused strategies such as capturing large transactions, introduction of new credit cards and many consumer-banking developments. Speaking at the launch ceremony of SCB's new Zero Interest Instalment Scheme on Thursday in Colombo, the CEO of the SCB Vishnu Mohan said this is a scheme whereby SCB cardholders have the option of purchasing goods with no interest cost. "Cardholders enable the instant purchase of any desired item from a selected merchant with repayment staggered over a period of time in equal instalments. The aim of this scheme is to deliver the best values and benefits to customers allying with reputed market leaders and makers such as Singer Sri Lanka, Dialog GSM, Hayleys Consumer Products Ltd, Abans Ltd and Softlogic Group," Mohan said. SCB's Head of Consumer-Banking Sabry Ghouse said with zero interest, the cardholder can enjoy hassle-free buying without having to go through guarantors or excessive documentation. This scheme is available on purchases made from the partner outlets between August 15 and November 30 this year and the offer is open to supplementary cardholders too," Ghouse said. He said in addition to enjoying interest free purchases, customers can earn bonus points as well which can be rewarded at one rupee for every bonus point. |
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