Merchant Bank of Sri Lanka and Finance PLC relocates Kilinochchi branch

MBSL Chairman Dr. Sujeewa Lokuhewa and Chief Executive Officer T. Mutugala re-opening the Kilinochchi branch

Merchant Bank of Sri Lanka and Finance PLC (MBSL) has relocated its Kilinochchi branch to a more accessible and spacious location with the objective of providing a better service to their customers and enhancing the overall customer experience. The branch was relocated to No. 30, A-9 Road, Karadipokki, Kilinochchi recently and branch opening hours are from 8:30 a.m. to 5 p.m. during weekdays. Following the relocation of this branch, MBSL hopes to further strengthen relationships with their valuable customers, offering a broader scope of financial service solutions. 

Chief Executive Officer T. Mutugala said that MBSL is looking forward to strengthen their customer service and convenience. Therefore, branch infrastructure development is utmost important. Kilinochchi branch has been in business for the last five years and now has a large customer base. He further said that by revamping this branch customers will be able to further enjoy more financial transactions with them.

Addressing the ceremony MBSL Chairman Dr. Sujeewa Lokuhewa said, “We have a vision to take our services to the rural mass. People in areas like Kilinochchi have many needs yet to be fulfilled. In line with the Government vision of increasing income of rural poor and eradicating poverty, we at MBSL are gearing up to provide our services to rural mass.”

He also said, “Addressing the mass needs enhanced infrastructure and efficient Human Resources. We have focused on achieving this in a very short span.”  Dr. Lokuhewa further said their vision is to develop entrepreneurs from the rural sector and take them up to top ranks of the business world.

MBSL, incorporated in March 1982, is the pioneer Investment/Merchant Bank in Sri Lanka and was quoted on the Colombo Stock Exchange in 1991. With a dedicated staff of around 850 employees working in the areas of Corporate Advisory and Capital Markets, Savings, Fixed Deposits, Leasing, Corporate and Retail Credit, MBSL now has 49 branches and service centres in all the major cities in the country. MBSL’s largest shareholder is the Bank of Ceylon the largest state owned bank, which holds a strategic stake of 74% and in 2005 entered into a strategic alliance with SBI Capital Markets Ltd., which is the largest investment bank in India.