Banking

NDB extends its reach to Minuwangoda

NDB entered the Minuwangoda town with the opening of its 68th branch recently, offering a wide range of financial services to a rapidly growing commercial city.

Minuwangada a bustling city with constant activity and a hub for trade and commerce, the frenzied traffic on the main roads leading to Colombo, Kurunegala and Kandy set the pace for commercial activity in Minuwangoda. With just minutes away from the Bandaranaike International Airport, Minuwangoda is set for rapid economic growth.

NDB stepped into Minuwangoda with a range of unparalleled products and financial expertise to impel the city towards the zenith of economic development, consistent with the modern times. NDB opens its new branch at Minuwangoda, offering SME products to potential small and medium businessmen in support of the development activities. With its expertise and knowledge in SME financing services, the Bank will offer many financing facilities including short term working capital loans, supplier and distributor financing and long term funding, which will be beneficial to the businesses in the area.

In addition NDB will offer customers a range of commercial banking services, such as Current and Savings Accounts, Children’s Savings Accounts with an exciting gift scheme, NRFC/RFC Accounts, Fixed Deposits, Housing Loans, Education Loans, Personal Loans, Leasing facilities, Credit Cards, Debit Cards, Pawning services and Western Union Money transfer services.

NDB is open to customers from 9.00 am to 4.00 pm on weekdays and from 9.00 am to 1.00 pm on Sundays for increased ease of the public.

People’s Bank Ethera Isura NRFC Grand Draw Chosen

People’s Bank has provided foreign employees with a variety of benefits under the NRFC Grand Draw scheme. Winners for the month of September were chosen recently at the Head Office of People’s Bank.

A total number of five winners were chosen and they were each awarded a sum of Rs. 25,000/-. The winners were A. Stanislos of the Batticaloa Branch, J.A.S.U. Gunawardena of the Peradeniya Branch, S. Jayanthi of the Kalmunai Branch, S.A. Tudor of the Hanwella Branch and M.S.A.N.M. of the Overseas Customer Unit.

To be eligible for the monthly draw, a minimum balance of USD 250 or equivalent in foreign currency should be maintained in an Ethera Isura NRFC Account during any month from the 1st of March to 31st of December 2012. At the monthly draw, five winners are chosen and are each awarded a sum of Rs. 25,000/-. To be eligible for the year end Grand Draw, a minimum balance of USD 250 or equivalent in foreign currency should be maintained in an Ethera Isura NRFC Account during any month from the 1st of July to 31st of December 2012.

As the 1st prize a sum of Rs. 1 million, 10 prizes each worth Rs. 100,000/- and 15 prizes each worth Rs. 50,000/0 are gifted at the draw. A special feature of this draw is that additional chances can be obtained in instances where the balance maintained exceeds USD 250 or equivalent in the period specified.

‘YAALU’ launched with an array of gifts and benefits

October 1 was a significant day for children throughout the world over, the day being “International Children’s Day.”

Prime Grameen launched yet another of their super schemes that would benefit the people of Sri Lanka, targeting the future flag bearers of our motherland, the child population. The dynamic savings scheme branded as ‘YAALU’ would be another blockbuster introduction by Prime Grameen Micro Finance Ltd.

“YAALU is at our village,” was the theme of the campaign that promoted the habit of saving among children, not only in urban areas, but also at every village throughout Sri Lanka. The promotional campaign provided an unprecedented range of gifts and other benefits, including scholarships.

CEO/Director Chaminda Prabhath of Prime Grameen Micro Finance Ltd. addressing the media on the 2012 International Children’s Day, dwelled on the merits of the “YAALU” scheme, and highlighting the rate of interest of 10% offered to a “Children’s Savings Scheme” as unmatchable, while taking into consideration the gifts and other benefits to be accrued. As such, the scheme “YAALU” would grow with the children as their true friend for many more years to come.

For every “YAALU” savings deposit of rupees one thousand or more, made on October 1, 2012, Prime Grameen Micro Finance contributed a sum of rupees one thousand, as a special token for the celebration of “International Children’s Day.” The special event to introduce the “YAALU” Children’s Savings Scheme to Sri Lankans was graced by Chairman B. Premalal, Deputy Chairperson Sandamini Perera, CEO/Director Chaminda Prabhath, Director/Operations Sanjaya Liyanawatta, members of the Board of Directors, officials and staff members of Prime Grameen Micro Finance Ltd and their children.

The Finance relocated at Kurunegala

As part of its overall strategy, The Finance Company PLC is now in the process of operating a number of its key branches from more strategic locations in order to maximize the potential of these areas. Bringing this objective to light the 72-year-old financial firm has made arrangements to better serve their customers in the vibrant Kurunegala area. This follows the recent refurbishment and reopening of the Galle and Badulla Braches, which have been in operation for the past 25 to 33 years respectively, in an effort to ensure greater customer convenience.

The Finance Kurunegala Branch has operated in the region for the past 35 years, and being the first finance company in Kurunegala, has been closely interlinked with the local communities building strong ties throughout the years. They commenced providing services to the area from a new and more convenient location at Colombo Road, Kurunegala, recently.

The new location was declared open by the Chairman of The Finance Company PLC, Preethi Jayawardane in the presence of the chief guest Gamini Peramunage, Mayor of Kurunegala Urban Council, Director/CEO, Kamal Yatawara and Directors Tissa Ekanayake, Violet Dissanayake and Dr. Senthilverl.