Seylan Bank joins Grameen

Seylan Bank Plc joined with Grameen Micro Credit Co, Ltd, on the advice of the Central Bank of Sri Lanka, to help eradicating poverty in Sri Lanka by providing Micro Credit facilities to thousands of self- employed poverty stricken families without any collateral or guarantors.

The signing of this MOU with Seylan Bank Plc a foundation has been laid to form a stronger financial institution. Grameen Micro Credit Co, Ltd has made a significant contribution to the development of the standard of living of the poorest of the poor in the Sri Lanka by providing Micro finance facilities without guarantors or collateral to them.

Over the last nine years the company has helped 364,000 such families to cross the poverty line through this program.

During the crisis period in 2009 Grameen Micro Credit Co, Ltd was able to face all challenges with courage and determination and overcome all barriers whilst contributing its service to the development of the rural and urban economies of Sri Lanka.

The giant step Seylan Bank Plc and Grameen Micro Credit Company has taken will definitely help to develop the economy of new Sri Lanka devoid of war.

The services the company provides through its well coordinated branch net work across the island, including Jaffna, Vavunia, Batticola, Ampara and Mannar in the Northern, Eastern regions, Galle, Beliatta and Hambantota in the Southern region, Kandy and Badulla in the Central region, Kalutara, Colombo, Negombo and Chilaw in the coastal belt will be further strengthened by the strategic partnership with the Seylan Bank.