MBSL Savings Bank completes strong and stable year

The post war era witnessed economic prosperity in most regions of the country due to the renewed confidence displayed by both businesses and investors.

In response to this, MBSL Savings Bank has geared itself to play an influencing role in the new economic order being experienced by the country.

In a statement MBSL Savings Bank said it has been serving their clientele for the past 8 years and has built confidence among their customers as a bank that listens and caters to their suggestions and needs. The faith and trust that customers had in the bank was proved during the year 2010 where the bank attracted over Rs. 1 billion deposits.

With many incentives and concessions given to the private sector in the new budget potential for banks to increase businesses, especially their lending portfolios, MBSL Savings Bank will take priority in the year ahead to concentrate on new product developments, which will aim at delivering and catering to the diverse needs of customers

The Bank is positioned to expand its activities aggressively in its core banking operations over the ensuing year, with its current network of 13 offices in main cities throughout the country and supported by its talented and committed team. Having achieved a steady progress and growth within the last year the bank offers a range of innovative products which are in keeping with market expectations and standards. They include a large product line from savings deposits such as children’s savings accounts, exclusive family savings accounts, bonus savings accounts as well as special fixed deposit for ladies and senior citizens all of which give the customer high returns and security for their deposits.

The bank also offers facilities that consist of flexible, lending and leasing schemes as well as  hire purchase and loans which can be obtained in a quick and hassle free manner, with approvals being granted with a minimum of fuss, for both housing and motor vehicles where customers can lease private vehicles, commercial vehicles, three wheelers and  motor bikes. The bank strongly believes that it is the customer’s faith in them and their faith in the customer, as being the reason for their flexible terms and conditions which are tailored to match each customer’s ability to meet payment obligations.

Apart from numerous other facets it possesses, MBSL Savings Bank is backed by Merchant Bank of Sri Lanka which is their main shareholder, owned by the largest bank in Sri Lanka, The Bank of Ceylon. Currently possessing a healthy and strong balance sheet the MBSL Savings Bank Team is lead by Sujam Ratnayake as their CEO who has many years of experience in the banking sector. The Bank also has an eminent Board of Directors that includes M.R.Shah as its Chairman and Ranjith Bandara. The rest of the Director Board consists of Capt. Nithiabala Balasingam, B.R.S.T. Edirisinghe, Dr. T. Senthilverl, P.G. Rupasinghe, Dr. M. S. S. Paramananda and Dr. S. T. S. De Silva.

While delivering a strong financial performance, MBSL Savings Bank is conscious of its social responsibility towards their clients.

CEO Sujam Ratnayake said: “The goal of the Bank is not just to build financial wealth, but also to generate social wealth for its client base and for the country in general and the bank is now set to cater to the most discerning customers in all their banking and financial needs .This will be further accentuated by our wide range of products and services which are designed keeping our customers in mind who of course are our main strategic focus.”

Easy access to one’s bank account, availability of world class banking services and fast and flexible services are factors that are desired by every customer from their bank. Keeping this in mind and with their host of products designed to deliver better service quality, flexibility and value, MBSL Savings Bank aims to be the preferred banking partner when opting for a personal or business loan or for a savings or fixed deposit as well as leasing, pawning or hire purchase facilities. Having seen an unprecedented growth over the past year, the bank will continue to respond unswervingly to the confidence and trust placed in them by their depositors by offering innovative strategies that give more appropriate financial solutions to their customers with their mission of achieving their goal of being a leading specialised private bank in the country.