The Merchant Bank of Sri Lanka & Finance PLC (MBSL) has emerged again as one of the top 15 financial service brands in Sri Lanka according to the latest issue of Brand Finance 2020. The company was also honoured as one of Sri Lanka’s most valuable brands, ranking at 78th with a brand value of Rs. 620 million.
MBSL has consistently been within the top 100 brands since 2015, proving the value that the institution offers to its clientele. Such independent external ranking also serves as recognition of the institution’s contribution to the economy of the country.
As an entity committed to the uplifting of the country and raising the standards of living for its citizens, MBSL has always been at the forefront. It is modern, growing, and customer-oriented.
MBSL Chief Executive Officer (Actg) Jude Gamalath said, “Being recognised as one of the top brands in Sri Lanka shows the potential and value of our brand, and we are very proud of what we have achieved. We are committed to ensuring that we provide the best possible service to our customers at all times. Also we have a great responsibility to support our country’s economy. Given the current global crisis that will impact our economy, MBSL is gearing to further help its customers and the general public. We will focus on products and services that greatly benefit the customer, especially the SME sector, and we hope to contribute our part to put the country on a more stable footing.” The MBSL has been awarded multiple times in the past year, being the recipient of the award for Best Service Provider for SMEs at the Asia Leadership Awards 2019 in Mumbai as well as at the South Asian Business Excellence Awards in Colombo.
MBSL entered the Sri Lankan financial sector as the country’s pioneer merchant bank in 1982 and was quoted on the Colombo Stock Exchange in 1991. Subsequently registered as a licensed finance company under the Finance Business Act No. 42 of 2011 under the regulatory purview of Central Bank of Sri Lanka. MBSL caters to a wide range of customers through its key business activities which include Deposit mobilisation, Savings, Leasing, Loans, Corporate Advisory and Capital Market Services, Gold Loan and Real Estate through a widespread network of 49 customer touch points including the Head Office. MBSL is a subsidiary of state-owned financial powerhouse Bank of Ceylon which holds a strategic stake of 74%.