MBSL to give more efficient service to customers

Merchant Bank of Sri Lanka & Finance PLC (MBSL) recently entered into a Memorandum of Understanding (MoU) with ikman.lk to give a more efficient and productive service to their customers.

According to the MoU signed between the two organisations, MBSL will give leasing facilities and personal loans under special privileges to customers purchasing vehicles through ikman.lk. Accordingly, MBSL will visit the doorsteps of those customers and provide the leasing and loan facilities within one day. Other privileges offered to clients are cordial and trusted service, minimum documentation, lowest instalment payments, competitive interest rates and repayment facilities up to five years.

Established in 1982, the Merchant Bank of Sri Lanka was quoted as a public listed company on the Colombo Stock Exchange in 1991. Since 2015, MBSL continues to function as a registered financial institution under the name “Merchant Bank of Sri Lanka and Finance PLC”, in terms of the Financial Business Act No. 42 of 2011 of the Monetary Board of Central Bank of Sri Lanka. 

At present, MBSL, which functions as a highly successful leading pioneer in Sri Lanka’s investment and merchant banking sector, offer customers a wide range of products such as leasing facilities, corporate and retail credit to small and medium scale industries and business enterprises, pawning services and property sales, corporate advisory and capital market, stock market brokerage, savings and children’s accounts and fixed deposits. With a 74% stake, the biggest shareholder of MBSL is the Bank of Ceylon, the giant state-run banking institution in the country. MBSL has 48 branches and business places across the country.