MBSL Savings Bank, in keeping with its massive expansion drive and increase in the scope of business activities, took a step in the right direction with the relocation of its corporate head office and main branch to 5L9, T.B. Jayah Mawatha (Darley Road), Colombo 10.
With a view to centralise its operations in the business hub area of the city, thus enabling further potential for the bank’s future growth, the bank fell in line with the Government’s firm policy of developing the SME sector.
The bank’s sustainable growth is based on ensuring that it grows with the needs of its customers and it has streamlined operations to cater to its lending and investment portfolio. With its 12 fully re-furbished extension offices spread across the island and four offices which were relocated to more convenient premises at Kurunegala, Galle, Kalutara and Kottawa, the bank has widened its outreach to serve a larger segment of the populace.
Chief Guest at the event was Dr. Sarath Amunugama, Minister of Monetary Co-operation and Deputy Minister of Finance.
“As our products continue to be adopted into new markets and our bank continues to grow, we needed to find the right facility in the right location for our evolving business. It made great sense for our bank to select this area as the location of our new head office and main branch,” said M.R. Shah, Chairman of MBSL Savings Bank.
He further added, “The expansion of our services is also aimed at financing entrepreneurship projects and expanding the GDP growth in the country. Many of our key executives are geared towards partnering our loyal client base with innovative tailor-made solutions to meet their financial needs.”
“In our new office with its state-of-the-art design and technology, we’ve brought together a team of seasoned professionals whose diverse expertise and dynamism set them apart from the rest,” said Lloyd Peiris, CEO/Deputy General Manager of MBSL Savings Bank.
“We are able to offer businesses, individuals and families a comprehensive range of financial products and services that cover the disciplines of banking investments and lending. All this is done with the highest security for your investments and savings backed by solid returns delivered through high end service standards.”
MBSL Savings Bank is a subsidiary of Merchant Bank of Sri Lanka (MBSL) and has the backing and stability of both MBSL and the Bank of Ceylon (BOC). The Central Bank-approved licensed specialised bank will offer a wide range of services, including fixed deposits for senior citizens, minors and fixed deposits, and lending products, namely leasing and hire purchase, commercial lending and investment services to individuals and businesses located in the city and suburbs. MBSL Savings Bank is a proven community bank that offers products and services that meet the deposit and financing needs of both consumers and businesses. Customers can be confident knowing that their deposits are fully backed by both MBSL and the Bank of Ceylon.
The bank’s residential lending officers are available to guide customers through the financial process, whether they are looking to purchase or refinance a home. MBSL Savings Bank is a subsidiary of Merchant Bank of Sri Lanka (MBSL). MBSL holds 62% of the stake of MBSL Savings. 72% of MBSL shares are owned by Bank of Ceylon (BOC).