NSB introduces ‘Happy Savings’
The National Savings Bank launched the newest savings product Happy
The launch was held at NSB Moratuwa Branch under the patronage of
Chairman NSB Upali Gunarathne . Two executive Directors of NSB, W.H.
Piyadasa and Sumanadasa Abegunawardana were also present. First deposit
collection was over 25 Million.
Chairman NSB Upali Gunarathne accepting a deposit from a
National Savings Bank marked 36 years of operations in Sri Lanka in
2008. The principal activity of the National Savings Bank continues to
be the promotion of savings among the people of Sri Lanka and the
profitable investment of savings so mobilised.
The Bank’s Non-Resident Foreign Currency (NRFC) Accounts and Resident
Foreign Currency (RFC) Accounts also enable the migrant workers to remit
money home and manage the funds in a prudent way while earning interest.
The Bank has now appointed representatives in the UAE, the UK and
Italy to market its products and provide supporting services to the
migrant workers in these countries.
By the end of the year the Bank hopes to sign agreements with VISA
and MasterCard and will look at entering into a partnership with an
Indian Bank to help customers on regular pilgrimage to India.
The Bank is transforming itself from a passive player to a dynamic
and modern retail banker employing the most sophisticated technologies.
It has been playing a significant role in the life and times of Sri
Lanka and now it is re-positioning itself to meet the demands of a
globalised economy and the lifestyle changes of the new millennium. One
of our business goals is to expand to the ‘bottom of the pyramid’
NSB will continue to invest in state-of-the-art IT and skills
development for its staff.
MoneyGram recipients to receive air tickets
Two return air tickets to Mumbai are up for grabs for MoneyGram
customers of the Commercial Bank of Ceylon, with the launch of a new
To be run during September and October, the promotion will also
present caps for the first 500 recipients of MoneyGram remittances
during this period while all recipients would be entered into the final
draw for the air tickets, the Bank said.
“We have launched this promotion to increase awareness about our
MoneyGram service and extraordinary convenience and speed it offers when
remittances are channelled through our Bank,” said Senior Manager of
e-Banking Division of Commercial Bank Pradeep Banduwansa.
The Commercial Bank signed up with MoneyGram, the global funds
transfer company last year to further enhance the Bank’s market share in
the remittance business and to expand its presence to the other parts of
the world, especially the West.
The Bank offers remitters the ability to transfer funds quickly from
over 152,000 locations in 180 countries and for payments in Sri Lanka to
be collected at 167 branches of Commercial Bank. The benefit of
collecting payment through Commercial Bank would be that these funds can
be collected on any day of the year through the over 40 Holiday Banking
and Saturday Banking Centres of the Bank including the 22 Supermarket
Counters covering most major towns which are open till 7.30 pm everyday
on a 365-day basis.
Customers who use MoneyGram from Commercial Bank are also guaranteed
that the full amount of the remittance will be paid, with no charges to
Commercial Bank opens branch in Puttalam
The Commercial Bank of Ceylon has opened a branch in Puttalam, in a
spacious building with ample parking facilities at Kurunegala Road,
Puttalam, thereby extending its services to this important district in
the North-Western Province.
This Branch will serve a large number of surrounding towns and
villages such as Palavi, Norochcholai, Kalpitiya, Anamaduwa,
Vanathavilluwa and Madurankuliya in addition to serving the business and
personal customers of Puttalam.
This branch will also be a boon to the large number of the residents
from this area who are employed abroad, making it very convenient for
their dependants in Sri Lanka to receive monies remitted under the
Bank’s e-Exchange Funds Transfer System, the bank said.
The new branch is linked to all other Commercial Bank branches and
the Supermarket Banking Counters islandwide permitting online real-time
It is also equipped with an ATM linked to 320 ATMs of Commercial
Bank, over 1,000 other ATMs locally and over one million ATMs belonging
to the Cirrus and Visa networks worldwide.
Executive Director of Nations Trust Bank PLC Sarath
Piyaratna with Deputy CEO at Nations Trust Bank PLC Iftikar
Ahamed with the winning team from Amba Research.
Nations Trust Bank Corporate Quiz took place at the Waters Edge Grand
Ballroom recently. Thirty nine teams drawn from Sri Lanka’s corporate
elite battled it out to gain supremacy with the theme of the event set
on a popular TV series. Based on the theme of ‘surviving’ the corporate
jungle, the event was complete with tribal d‚cor, lights and a blazing
flame within a forest setting that added to the excitement of the night.
Each team or tribe in this case that comprised five members, faced a
barrage of questions that tested them through five different rounds of
questions covering the following topics, Nations Trust Bank, Financial
Markets, Current Affairs, Sports and Entertainment. Each tribe had also
to make a strategic decision on where they could gain advantage and earn
Deputy CEO at Nations Trust Bank PLC Iftikar Ahamed with
runners up team from John Keells Holdings.
The final winners Amba Research walked away with a Quarter Million
Rupees as the prize money and the runners up John Keells Holdings
received One Hundred Thousand Rupees in cash. Brandix secured third
place followed by Hayleys Industrial, Aitken Spence and Carsons
Speaking on the occasion, Zulfiqar Zavahir Director/CEO of Nations
Trust bank PLC said, “Engaging the who’s who of the corporate world in a
friendly battle of the wits has indeed been an exciting and much looked
forward to event. Nations Trust Bank is pleased to conduct this annual
event for the third consecutive year.”
Deputy CEO Iftikar Ahamed further added, “Nations Trust brings
together a unique blend of talent and a very inspired team that has
enabled us to fashion creative solutions for our corporate clients both
at work and otherwise. This event was a manifestation of that
willingness and drive to provide our customers with the best”.
HNB enters Bibile
Assistant General Manager, International, of HNB, Reshanka
Abeysekara, accepting the first deposit.
Hatton National Bank recently opened its 172nd customer centre in
far-flung Bibile. An extension office of HNB’s Monaragala Customer
centre, the customer centre at Bibile was opened recently by Assistant
General Manager International, HNB Reshanka Abeysekara. Hatton National
Bank is also one of the banks providing ATM facilities in the area.
Holding its own through paddy cultivation and other agricultural
activities, Bibile has thus been out reach of absolute urbanisation.
This is probably the reason why most private commercial banks have thus
far shied away from taking their services to the locality.
Addressing the gathering at the opening, Abeysekara spoke about the
importance of banking services for the people of the area; especially
for the families of locals working abroad as housemaids, for those in
need of pawning services, the Moneygram service and more. “We are
perhaps the country’s most seasoned bank when it comes to providing
banking services in rural areas, and the branch at Bibile is a part of
our efforts to take banking services to all of Sri Lanka especially the
rural masses who have thus far been deprived of such facilities,” he
Today, HNB provides its expertise and services through a large
network of customer centres across the island. It is also the only bank
to have not forgotten the more rural villages, taking banking to the
provincial areas too, when for the first time in the commercial banking
history of Sri Lanka, the Bank introduced a barefoot banker named ‘Gami
Pupuduwa Upadeshaka’ through its Gami Pubuduwa Village Awakening
CDB schols for three wheeler owners’ children
The new initiative launched by Ceylinco Development Bank Ltd (CDB),
themed as “CDB Sisudiri” focuses on three Wheeler (3W) sector, targeting
the three wheeler owners children who have passed grade five scholarship
examination with highest results.
It is the first ever project done in the country focusing on this
sector intending to enhance the child’s future education and to help
realising the three wheeler owners’ aspiration of educating their
children in a time when the cost of living is high.
26 talented students, children of three wheeler owners who have
obtained highest results in their respective districts at the year five
Scholarship exam in 2007 were rewarded with scholarships.
CDB also intends to develop this scholarship in such a manner where
it will be given in stages from Grade six to Grade 11 (O/L); hence
making it much more beneficial for children to facilitate their
educational needs upto GCE O/L.
The main objective behind CDB Sisudiri Programme is to help the three
wheeler owners’ children to have better educational prospects. “CDB
Sisudiri” also intends on launching the GCE O/L and GCE A/L scholarship
Programme for the three wheeler owners’ children later this year.
Chairman Industrial Finance
Shirley Perera was appointed as the Chairman of Industrial Finance
Limited. Shirley Perera assumed duties as the Chairman of the Industrial
Finance Limited, the most recent acquisition by the Aspic Group of
companies effective September 1.
Perera started his career with Aspic Corporation as the Managing
Director/CEO of Central Investments and Finance Limited (CIFL) in 2004
and since then was serving as the Deputy Chairman of CIFL. He counts
over 42 years of experience of which 22 years are in banking and 20
years in finance. Shirley Perera was the Senior Manager International
Division, People’s Bank and was the Managing
Director/CEO of L B finance Limited and Merchant credit of Sri Lanka
Ltd. He is also the chairman of the Finance Houses Association of Sri
Lanka for the second successive year and was the District Governor of
the District 306A-1 of the International Association of Lions Clubs.
Perera, a graduate in Public Administration from the University of
Sri Jayewardenepura, has a postgraduate diploma in Bank Management, the
highest professional qualification available to bankers in Sri Lanka. He
had also undergone training in AOTS, Osaka, Japan on Financial
Management. He has been awarded the Entrepreneur of the year merit award
for three consecutive years by the Federation of Chambers of Commerce
and Industries in Sri Lanka (FCCISL)