Sampath gets CBSL nod to enter wealth management business

Wednesday, 28 January 2026 00:08 - - {{hitsCtrl.values.hits}}

Sampath Bank PLC said it has received approval from the Central Bank of Sri Lanka to engage in wealth management activities through a wholly owned subsidiary.

The commencement of the proposed wealth management business remains subject to the subsidiary obtaining other necessary approvals, including regulatory clearance from the Securities and Exchange Commission of Sri Lanka.

Sampath Bank said the decision was taken by its Board of Directors and that the approval from the Central Bank enables the bank to proceed with preparations for entering the wealth management segment, pending the completion of the remaining regulatory requirements.

Further details on the commencement of operations will be announced once all required approvals are secured, the bank said.