Business Banking

Ceylinco Savings Bank launches 'Save with Wings'

The Ceylinco Savings Bank, launched an innovative savings account, 'Save with Wings' with the highest ever interest rate in the country for savings accounts.

General Manager/CEO of the Ceylinco Savings Bank Lloyd Peiris said this unique savings account not only offers a special promotional interest rate of 19 per cent p.a, but also contributes partially towards purchasing an air ticket to any destination of the account holder's choice.

"With this novel product we're further adding to the benefits we offer our several thousands of customers islandwide.

"This special scheme offers an annual effective rate of 24 per cent which is the highest benefit in the market for savings depositors," he said.

Customers who maintain a total balance of Rs. 1,000,000, Rs. 750,000, Rs. 500,000 and Rs. 250,000 in their Savings Accounts for a period of one year, will be rewarded with Rs. 50,000, Rs. 37,500, Rs. 25,000 and Rs. 12,500 respectively towards the purchase of an air ticket, in this special promotional offer which is valid until January 31. In the event the customer opting not to travel, the cash reward will be credited to his/her account at the end of the respective calendar year.

In addition to the interest rate of 19 per cent p.a on 'Save with Wings', the Ceylinco Savings Bank also offers the country's highest interest rate of 15 per cent and 10 per cent with attractive gifts respectively on its "Punchi Star" and Punchi Minors Savings Accounts.

Peiris added that the Ceylinco Savings Bank's ATM card was another valued added service to its growing customer base which will enable them to withdraw cash 24 hours through Seylan Bank ATM machines. The Ceylinco Savings Bank head office at Kollupitiya also offers customers the facility of a 'Ceylinco FastCash' money remitting service from any part of the world.

He also said there are plans to upgrade the existing Business Promotion Units (BPUs) and open three fully fledged branches in the 1st quarter of this year in Gampaha, Kurunegala, Negombo and nine convenient banking centres in Ratnapura, Galle, Kalutara, Kottawa, Nugegoda, Anuradhapura, Kottawa and Kadawatha.

"This follows a growing demand by both existing and potential customers around the country for more branches whereby they can transact business with the Ceylinco Savings Bank.

Apart from the 11 new branches, we also plan to extend our service to several other parts of the country during 2008 through our mobile banking service", he added.

NDB Bank opens new branch at Wennappuwa

Extending its operations further, NDB Bank recently opened its latest branch at Wennappuwa. This occasion was graced by the NDB Bank's Deputy Chief Executive Officer, Eran Wickremaratne.

Customers of NDB Bank's Wennappuwa branch situated at Wennappuwa will have a wide range of services to choose from, particularly with recent additions to the NDB Bank's extensive product portfolio.

Among the latest additions to NDB Bank's portfolio are the NDB Bank Vishmitha Savings Account which offers an interest free loan, after the completion of one year. The account holders are able to obtain 75 per cent of their average savings balance as an interest free loan once in every 12 months. These loans can be used for any purpose.

In fact, the higher the account balance, the higher the loan option, while the available savings balance receives full interest even while the loan remains outstanding.

With its comparatively high interest rate of 7 per cent paid on the daily balance, the Vishmitha Savings Account also offers an ATM/ Debit Card free of charge, thus enabling customers to withdraw at any of Sri Lanka's more than 1000 VISA enabled ATMs.

NDB Bank's tie-up with Western Union, a leader in global money transfers, has enabled customers to receive money from their loved ones overseas conveniently. Acknowledged as the world's fastest, reliable and secure means of sending and receiving money from overseas, Western Union Money Transfer Service is available at all NDB Bank branches.

A choice is offered to the customers with the new concept of bancassurance investment products in partnership with NDB Bank's associate company, Eagle Insurance. The customer has two choices of investment under Life Venture and Future Plans.

Customers are also able to obtain a NDB Home Loan at very competitive interest rates. An added advantage is the flexibility to accommodate one's requirements since the Bank is prepared to offer a tailor-made facility to suit one's ability to repay the loan.

Investors in fixed deposits can double their money by investing in five-year fixed deposits at 20 per cent interest per annum.

These products and services are in addition to the Current and Savings accounts, Fixed Deposit accounts, Children's Savings accounts, Foreign Currency accounts, Personal Loans and Education Loans. In addition, the customers of NDB Bank have the convenience of accessing the bank through the state-of-the-art Internet Banking service and Phone Banking.

An array of gifts are being given for NDB Bank Children's Savings Account holders. Children will be rewarded with school bags, BMX bicycles and gift vouchers according to their savings balances.

The Bank's customer service and speed of delivery, which are synonymous with the NDB Bank branch network, are value additions to be enjoyed by the customers at Wennappuwa.

Sampath Bank bestowed at the CSR Awards 2007

Sampath Bank was aw- arded the second runner-up in the "Best Corporate Citizens Awards 2007" at a ceremony held recently at the Cinnamon Grand conducted by Ceylon Chamber of Commerce. This is the top ranked CSR awards within the country.

It is a matter of great significance to note that Sampath Bank was successful in winning 03 other awards. They are placed in the "Top Ten Category", "Economic Performance Category - Winner" and "Entrepreneur Development Category - Winner".

Sampath Bank is proud to be among the people, not simply as a banking organization but in its' ideals and values where the community, the country and sustenance of life become its' responsibility and priority. This has been the bank's projection since the inception, twenty years ago.

During this period, the bank progressed towards creating a sustainable ethos in every community. The bank's obligations towards sustainable socio-economic development are achieved through the basis of Social Responsibility and Social Responsiveness.

The banking sector in Sri Lanka was revolutionized when Samapth Bank introduced ATMs and an on-line branch network, over two decades ago. To date, the bank enjoys a branch network of over 105 outlets spread across the island and a market position of being a technologically savvy bank with a strong Sri Lankan identity.

Standard Chartered Bank reinforces commitment in supporting Cancer Hospital

Standard Chartered Bank has for the 14th consecutive year continued support to the hospital - in particular the maintenance and upkeep of the Men's wards 3 and 4. In 2004 the wards were fully refurbished and toilet facilities upgraded.

Amongst the many refurbishments that were carried out by the bank, were notably the installation of two reception desks that now allow nurses and doctors to consult with patients in a more orderly fashion.

A designated dining area; separate from the ward was also cordoned off and set up by Bank staff, allowing patients to dine in comfort or even entertain friends and family. A separate section was also established for medicine mixing purposes thus improving safe medical conditions for all - nursing staff, patients and visitors.

The staff and patients of the cancer hospital greeted the Standard Chartered Bank CEO, Clive Haswell and his staff as they visited each patient with special gift packs and took time to find out more about each of them and their needs.

"The bank has had a long relationship with the Maharagama Cancer Hospital and we are keen to continue to do all we can to support whatever needs the hospital has," said CEO Clive Haswell. "This is an important opportunity for us to think about others during a season and time when we tend to get caught up in making our own arrangements. I am proud of my staff and their personal commitment to seeing to the needs of this hospital and its patients."

The National Cancer Institute in Maharagama is the only hospital in Sri Lanka totally dedicated to cancer care and provides medical, surgical, gynaecological and paediatric services to cancer patients of all walks of life.

A much needed blood drive is also scheduled for January 17 at the Standard Chartered Bank Head Office in Fort where staff and customer will be asked to donate blood to the Blood Collection Unit of the Cancer Hospital.

The Blood Bank in the Institute bears the responsibility of providing adequate and safe blood products to the cancer patients who require this service.