MBSL carries out successful seminar in Chilaw to develop SME sector

Tuesday, 18 September 2012 00:58 - - {{hitsCtrl.values.hits}}

Merchant Bank of Sri Lanka PLC. (MBSL), the pioneering investment bank in the country and a subsidiary of Bank of Ceylon, has made its presence felt in many districts, concentrating in the areas of leasing and hire purchase.

Nurturing the new economic era prevailing in the country, MBSL has taken its investment banking activities such as advisory services on business and financial restructuring, fund arrangement for business expansion, preparing investment/business proposals and business/corporate plans. Investment opportunities are available to enhance investor returns through its branches located island-wide.

Since January 2012 MBSL has successfully conducted four such programs in Galle at Light House Hotel, Kandy at Swiss Residence Hotel, Kurunagala at Kandyan Reach Hotel, and Chilaw at City Hotel covering Puttalam, Chilaw and Negombo. The outcome of these programs has been very positive generating individual collaboration with SME’s between the business community and the Chamber of commerce.

The program held on 24 August at the main Conference Hall, Chilaw City Hotel, organised by MBSL was concluded successfully. It reflected 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 involved increasing profitability in existing businesses, improving the saving and deposit base of enterprises with new capital market instruments like debentures at higher annual returns, business, financial restructuring, fund arrangement to expand businesses, preparing investment/business proposals, business/corporate plans, methods of procuring loan facilities, facing competitive markets efficiently and effectively and related advisory services in various areas of business.

During the course of the sessions, 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 institutions and academics participated in the interactive business awareness program.

A further program is planned in September 2012 at Anuradhapura aimed at covering the surrounding areas under the theme, ‘MBSL to help you to increase your business avenues and increased investor returns’. It will be carried out by professionals in the areas of corporate advisory and capital markets.

MBSL has planned to organise several awareness programs throughout the island with the aim of developing the business community of SMEs and thereby improve economic development of the country.