Cargills Bank expands by opening third branch

Monday, 8 December 2014 00:00 - - {{hitsCtrl.values.hits}}

Cargills Bank recently announced the opening of its third branch at No. 34, Maitland Crescent, Colombo 7. Prior to this Cargills Bank had two branches located No. 696, Galle Road, Colombo 03 and No. 326, Old Moor Street, Colombo 12.

Merril J Fernando officiates at the opening of the Cargills Bank Maitland Crescent Branch watched by Cargills Bank Deputy Chairman Ranjit Page (left) and Managing Director CEO Harris Premaratne The newly opened Maitland Crescent branch will offer superior customer service and personalised financial solutions to fulfill the needs of their valued customers. The branch which offers a wide variety of banking services such as savings accounts, current accounts, children’s savings account, senior citizens accounts as well as foreign currency accounts is also equipped with ample parking facilities in the heart of Colombo to provide customers with greater convenience. A venture promoted by Cargills (Ceylon) PLC and CT Holdings PLC, Cargills Bank also has a strong financial background. Speaking at the opening, Harris Premaratne, Managing Director/Chief Executive Officer of Cargills Bank commented, “We are confident that we can offer our customers an unsurpassable service standard to ensure all their financial service requirements are satisfied. We hope to expand our branch network with unique access points in the very near future providing our services to all Sri Lankans. With our breakthrough to the market on 30 June 2014, the bank is on the correct pace of its anticipated growth and our outlook is to be highly competitive in the banking industry in the future.” Cargills Bank has a clear strategic direction to ensure the highest standards of corporate governance and robust risk management. The operations of the bank are led by well experienced board of directors and senior management who have thorough expertise and exposure in local and international markets. The bank has recruited and trained a strong cadre of employees to deliver an unsurpassed service standard to its customers.

MJF on why he invested in Cargills Bank; wants venture fund to help SMEs

Merril J. Fernando, the Chairman MJF Group of Companies, the second largest shareholder with a 10% stake in Cargills Bank told the opening of Maitland Crescent Branch: “As an investor, I am very scrupulous about my investments and Cargills Bank was a well thought of decision I’ve made.” “Banks need to put the customer’s well-being ahead of any other motive. We need to contribute towards the development and advancement of the small entrepreneurs. I’m confident that the bank will initiate and create a small venture capital fund initially to cater to small upcoming entrepreneurs,” Fernando said. “I am convinced that Cargills Bank’s focus on customer well-being is very positive. I’m happy to see the bank has opened its third branch within a short time span and I’m confident that future expansion plans of the bank will greatly benefit the citizens of Sri Lanka,” he added.