MBSL Savings Bank invests in community of Galle with relocated Extension Office

MBSL Savings Bank announced the opening of its relocated Extension Office at Galle recently at No. 57 Wakwella Road Galle. This new office continues the bank’s planned expansion of its Extension Office network.

The relocated office makes it even easier for customers in Galle to access the bank’s wide range of personal and business banking products and signature customer service.

MBSL Savings Bank is a subsidiary of Merchant Bank of Sri Lanka (MBSL) and has the backing and stability of both MBSL and the Bank of Ceylon (BOC). The Central Bank approved licensed specialised bank will offer a wide range of services, including fixed deposits for senior citizens, minors and fixed deposits and lending products namely; leasing and hire purchase, commercial lending and investment services to individuals and businesses located in the city and suburbs.  

MBSL Savings Bank is a proven community bank that offers products and services that meet the deposit and financing needs of both consumers and businesses. Customers can be confident knowing that their deposits are fully backed by both MBSL and the Bank of Ceylon. The bank’s residential lending officers are available to guide its customers through the financial process whether it is in looking to purchase or refinance a home.

MBSL Savings Bank Chairman M.R. Shah commented: “While thanking all our customers who have been with us, we welcome their continued patronage in our new journey to success made possible by the untiring efforts of our staff. Our new Extension Office expands our ability to serve the multi-cultural market of Galle by providing a full complement of saving, deposit, loan and cash management products and services to consumers, business owners and professionals. By providing high quality financial services, our goal is to build the trust and relationships so that customers will make MBSL Savings Bank the primary bank for most of their financial needs.”

“We are planning to open new extension offices in other parts of the country with a view to increase the channels of accessing a wider customer base in our primary market areas and in other attractive regions of our country,” said Lloyd Peiris, Acting CEO/Deputy General Manager of MBSL Savings Bank. “We are excited about increasing our retail footprint and the opportunity to serve more middle market businesses and consumers.”

MBSL holds 62% of the stake of MBSL Savings. Further, 72% of MBSL shares are owned by Bank of Ceylon (BOC). Established in 1996, MBSL Savings bank is an approved ‘Licensed Specialised Bank’ by the Central Bank of Sri Lanka.