Business News: Continuing to earn awards and recognition in Sri Lanka and around the world, Sampath Bank PLC was recently rated amongst the Top 1000 World Banks 2020 by the UK’s Banker magazine on the 50th anniversary of the rankings.
The Banker is the world’s premier banking and finance resource, providing global financial intelligence since 1926. The Banker is the key source of data and analysis for the industry. The Banker’s Top 1000 World Banks ranking has been setting the industry benchmark since 1970, providing comprehensive intelligence about the health and wealth of the banking sector.
“It is an honour to be ranked alongside the world’s leading financial service providers in the Banker magazine’s Top 1000 World Banks 2020,” said Nanda Fernando, Managing Director of Sampath Bank PLC. “Coming at a time when we were faced with challenging market conditions for over a year, this is a reflection of our strong fundamentals. This wouldn’t have been possible without the guidance of our Board of Directors, the support of my entire team at Sampath Bank and the love and trust placed in us by countless Sri Lankans. We will continue to strive to deliver greater value to the nation.”
Earlier this year, Sampath Bank’s asset base surpassed Rs. 1 trillion, making it the youngest bank in Sri Lanka and one of very few in the country’s banking sector to achieve this. The Bank managed to grow its asset base despite the volatile market conditions during the last one and a half years. This is a true testament to the strength and stability of Sampath Bank and the confidence placed in it by investors and customers alike.
Sampath Bank was recognized 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. The Bank was voted the most loved banking brand in the country, rated among the top 10 ‘Most Loved Brands’ in LMD’s Brands Annual rankings and rated 5th amongst the Most Valuable Entities in Sri Lanka in a survey commissioned and conceptualized by LMD and conducted by Brand Finance.
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. More News