MBSL has made strong comeback - CEO

Nimal Wijesinghe , Anuradhapura additional district group correspondent

ANNIVERSARY: In 1997 the Merchant Bank of Sri Lanka was on the verge of collapse and the business world predicted that there would not be any resurrection for us. In spite of the heavy problems and difficulties the MBSL has gained its composure today, Chief Executive Officer of the Merchant Bank of Sri Lanka Gamini Karunatilake said.

He was delivering the key address at a function organised by the bank to commemorate the 25 years of the banks' existence and the first anniversary of the Anuradhapura branch of the MBSL at Hotel Miridiya recently.

The CEO of the MBSL said the Merchant bank has all its activities in the field of banking, adjusted in keeping with the Japanese 5 - S system to its maximum. According to him MBSL was the first bank pioneered in adhering to the Japanese mythology in catering to customers, training the staff, maintenance of office systems and in its managerial aspects.

He revealed that the results are fantastic and highly encouraging. Karunatilake further stated that presently MBSL was engaged in preparing the report on organising structure of the proposed Weerawila International Airport.

"New Act of "Companies law" is effective in place of old Act which was in existence since 1982. The local business community must be aware of the benefits of converting a business in to a registered company.

There are 65,000 companies in Sri Lanka and the MBSL is well armed with superior banking technology and strategies to assist on easy terms in the re-registration procedures along with a excellent consultative and advisory capacity", Karunatilake said.