MBSL extends services to Hatton

Thursday, 29 December 2011 00:48 - - {{hitsCtrl.values.hits}}

Merchant Bank of Sri Lanka (MBSL) recently opened its newest branch in Hatton, located at 263, Thimbula Rd, Hatton, in a bid to extend and reach out to all Sri Lankans across the country.

The branch was ceremoniously opened by Chief Guest Mayor of Hatton A. Nandakumar, MBSL Chairman M.R. Shah and CEO Gamini Karunathilaka. The occasion was also attended by the Board of Directors at MBSL.

Hatton is a town blessed with rich heritage and diversity and it is also famous for its vast tea-plantations. The rapidly developing town also assists in drawing foreign exchange to the country through its tea, which come under the major export category.

The bank will therefore help build business endeavours through its SME products to small and medium businessmen in and around Hatton.

With its expertise and knowledge in SME financing services, the bank will offer many financing facilities including short term working capital loans and long term funding, which will be beneficial to the businesses in the area, thereby enabling them to grow their businesses with MBSL.

In addition MBSL will also offer customers a range of financial services, solutions and products to suit their needs such as corporate advisory, leasing, trade and project finance. Speaking at the occasion, MBSL Chairman Shah stated: “MBSL is committed towards providing the much needed financing for both small and large businesses, which are a vital component of our country’s economy. After a 30-year-long conflict, the country is now reawakening once again.

As banks touch the lives of all business and communities, we have an obligation to be part of the development of both infrastructure and human capital. We hope therefore to enable business entrepreneurs to take on the challenges of post war Sri Lanka.”

The Chief Guest at the occasion A. Nandakumar added that from colonial times the town of Hatton have been a main contributor to Sri Lanka’s economy through tea exports and said he was happy to note that MBSL was there to lend a hand to the people of this town.

MBSL is one of the fastest growing banks in Sri Lanka today. It is Sri Lanka’s pioneer investment merchant bank incorporated in March 1982 and carries forward a distinguished legacy handed over to it by an equally eminent and a venerable financial institution – Bank of Ceylon

Its market positioning of being the benchmark of merchant banking services in Sri Lanka is now ably supported by a host of financial services and products that cater to the needs of the individual, corporate and institutional clients

The bank believes in a customer centric approach and aims to provide assistance to develop the lives of the communities, empowering them to make the most of their entrepreneurial skills to take up new business ventures that will result in elevating their social standing, while contributing towards the regional development of the country.