MBSL Savings Bank relocates Kottawa branch

MBSL Savings Bank, a subsidiary of Merchant Bank of Sri Lanka (MBSL) continued its burst of expansion activity with the bank’s relocation of its Extension Office at No. 262/2A High Level Road, Kottawa. The new extension office which opened for business consolidates its banking and loans into the new full service office.

Having welcomed the Mayor of Maharagama Kanthi Kodikara and the people of Kottawa comprising of a cross section of the community, armed forces, bankers, businessmen and customers, the Chairman of MBSL Savings Bank M.R. Shah stated: “By launching our new office in the bustling town of Kottawa, we have further expanded our extension office footprint and enhanced our ability to serve this vibrant market area with a full complement of products and services to consumers, business owners, professionals, real estate clients and Government entities.  Our goal is to amalgamate the hopes and dreams of the people of our country with the Government’s vision of economic development, creating a win-win situation for the bank and its customers.”

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 savings accounts,  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.

“We look forward to establishing ourselves as a safe and secure financial institution that has been serving local communities, thereby building relationships based on trust and stability. A wide range of products and services catering to all age groups and business communities are made available, so that customers will choose our bank for all their financial needs,” elaborated Acting CEO/Deputy General Manager of MBSL Savings Bank Lloyd Peiris.

Praveen Ferdinandus, the Manager of the Extension Office of Kottawa, stated: “The entire staff of Kottawa extension office is geared  to provide an excellent service to our customers in the area and invite them to visit our new Extension Office and  experience a friendly and courteous service.”

MBSL Savings Bank is a subsidiary of Merchant Bank of Sri Lanka (MBSL). MBSL holds 62% of the stake of MBSL Savings. Also 72% of MBSL shares are owned by Bank of Ceylon (BOC).