MBSL successfully conducts seminar in Anuradhapura

Merchant Bank of Sri Lanka PLC., the pioneering investment bank in the country and a subsidiary of Bank of Ceylon, has its presence in many districts, doing businesses in the areas of leasing and hire purchase.

Considering the new economic climate in the country, MBSL decided to take investment banking activities in the areas of business advisory and financial restructuring services, fund arrangement to expand business, preparing investment/business proposals, business/corporate plans and creating investment opportunities to enhance investor returns through its branches located in most parts of the country.

Since January 2012, five programs have been successfully conducted by MBSL in Galle at Light House Hotel, Kandy at Swiss Residence Hotel, Kurunegala at Kandyan Reach Hotel, Chilaw at City Hotel covering Puttalam, Chilaw and Negombo and Anuradhapura at Hotel Dulyana. The outcome of these programs has been very positive with individual collaboration with Small and Medium Enterprises within the business community and Chamber of Commerce.

The program held in September 2012 in the Banquet Hall of Hotel Dulyana was yet another success story for MBSL. It highlighted the urgent need to be better prepared for the challenging business environment and the need to make use of the opportunities available through the various financial advisory avenues on offer.

This proposed interactive business awareness program covered the following:  increasing profitability in existing businesses, improving the saving and deposit base of enterprises with new capital market instruments like debentures at higher returns annually, financial restructuring, fund arrangement to expand business, preparing investment/business proposals, business/corporate plans,  methods of procuring loan facilities, facing competitive markets efficiently and effectively and the advisory services in various areas of business offered by MBSL.

During the discussion, matters pertaining to corporate advisory and capital market services were discussed. Participants from SMEs in the business community, Government officials, members of the banking and financial academics participated in the program.

MBSL – Corporate Advisory and Capital Markets Division has planned a series of awareness programs to cover many parts of the Island with the intention of developing the business community and improving the economic development of the country.

Merchant Bank of Sri Lanka PLC., incorporated in March 1982, is the pioneer investment/merchant bank in Sri Lanka and was quoted on the Colombo Stock Exchange in 1991. The bank’s largest shareholder is the Bank of Ceylon, which holds a strategic stake of 72% and in 2005 entered into a strategic alliance with SBI Capital Markets Limited, which is the largest investment Bank in India.

Its subsidiary companies – Merchant Credit of Sri Lanka Ltd., which has 13 branches islandwide, and MBSL Insurance with 50 branches – add strength and stability to its trade portfolio. In addition, MBSL holds a 29% share of Lanka Securities Pvt. Ltd.