Arthur ends 36-year Directorship in Sampath Bank Group but remains last living founder

Tuesday, 9 April 2024 01:12 - - {{hitsCtrl.values.hits}}

Arthur Sena-nayake, one of the founders of Sampath Bank resigned yesterday from Sampath Bank group after 36 years of contribution.

During the 36 years he held the post of Director from the inception in 1988 and subsequently as Vice Chairman and Chairman of Sampath Bank between 2008 and 2011.

Yesterday he resigned as the Chairman of Sampath Centre, a subsidiary of the bank.

Among positions held previously within Sampath Bank Group were Chairman of Sampath Leasing and Factoring, Siyapatha Finance, SC Securities.

Sampath Bank was incorporated as a Public Limited Liability Company in Sri Lanka on 10 March 1986 and Senanayake is the last living founder of Sampath Bank.

During his tenure as Chairman of Sampath Bank PLC, the bank was voted Bank of the Year 2009 to 2011 by the Financial Times of London.

During his three-year tenure as its Chairman and thanks to the team he assembled, Sampath bank expanded from 52 to 215 branches countrywide and saw its share price rise from Rs. 65 to Rs. 520.

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