Sampath Bank becomes youngest to achieve Rs. 1 t in assets, in just 33 years

Thursday, 27 August 2020 01:46 - - {{hitsCtrl.values.hits}}

Sampath Bank PLC recently announced that its asset base has surpassed Rs. 1 trillion, making it the youngest bank in Sri Lanka to achieve this feat. This is a significant milestone for the bank, as very few players in the industry have reached this landmark.

This achievement is particularly noteworthy, given the volatile market conditions experienced during the last one-and-a-half years and is a true testament to the strength and stability of Sampath Bank and the confidence placed in it by investors and customers alike.

Speaking about this achievement, Sampath Bank PLC Managing Director Nanda Fernando said: “This is a proud moment for all of us at Sampath Bank as we celebrate reaching our first trillion. Being the youngest bank to achieve this feat reflects the dynamism, speed and agility with which we operate, as well as the hard work done over the years. Now that we have achieved our first, we will continue to raise the bar and strive for more landmark achievements such as this in the years to come.”

This accomplishment is the latest in a year that has seen Sampath Bank continuously winning accolades across diverse avenues. According to LMD’s Brands Annual publication, Sampath Bank was ranked among the top 10 ‘Most Loved Brands’ in the country and was the only bank to feature in the top 10, a clear indication that its drive to create seamless customer experiences has borne fruition.

The bank was also ranked 5th among the Most Valuable Entities in Sri Lanka according to a survey commissioned and conceptualized by LMD and conducted by Brand Finance, which ranked the nation’s most admired corporations.

Continuing its winning streak for the seventh consecutive year, it was also recognised as Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’ yet again, at the prestigious World Finance Banking Awards organized by the UK based World Finance magazine. Sampath Bank was the only Sri Lankan bank to have been recognised at this year’s event and the only bank in the country to have received both these awards every year since 2014.

Sampath Bank is a 100% local bank that has deeply rooted itself in the lives of the people of Sri Lanka. Established in 1987, the bank has become a state-of-the-art financial institution that continues to be a market leader today thanks to its constant innovation and customer focused approach to business.

It has introduced many firsts to the Sri Lankan banking sector including introducing ATMs to Sri Lanka, extended banking hours and slip-less banking to name a few. As part of its visionary 2020 approach, the bank is steadily transforming itself into a ‘tech company engaged in banking,’ from the traditional approach of a bank engaged in technology.