Sampath Bank opens trading for April at CSE

Sampath Bank PLC rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) yesterday.

The market opening ceremony was organised to mark the first trading day for the month of April. 

Sampath Bank PLC Chairman Dhammika Perera, Managing Director Aravinda Perera, COO Nanda Fernando, Senior DGM for Consumer Banking Tharaka Ranwala, Senior DGM for Corporate Banking Shashi Kandambi Jassim and others from the bank’s senior management were present at the event. 

Chairman Vajira Kulatilaka, Director Moksevi Prelis, Director Ray Abeywardena, CEO Rajeeva Bandaranaike and the senior management from CSE were also present at the ceremony. 

Speaking at the event CSE Chief Kulatilaka thanked the leadership of Sampath Bank for participating at the forum and commended the contribution of the bank to the CSE over the years. He noted that establishing a service-oriented culture, embracing technology and empowering leadership had helped the bank transform the Sri Lankan banking industry. 

Commenting on the developments at the CSE, Kulatilaka further stated: “We are very optimistic of what the future holds. The CSE is taking a number of steps to develop into a world-class exchange, bringing in facilities that would be beneficial to all our stakeholders. Initiatives such as the event we held in the Maldives recently to attract foreign listings demonstrate the ambition and growth plans of the CSE.”

Speaking at the event Sampath Bank Managing Director Perera said: “It was through the CSE and the help of our shareholders that Sampath Bank was able to start its journey to become the third largest private bank in the country. 

We have always tried to build strong relationships and bonds with our shareholders and in doing so demonstrated the importance of being upfront and transparent about our activities.”

He added: “Despite what is said about the economy, last year was an extremely good year for us and I know that this year too will be a good year. Regarding credit growth, we have very positive credit growth. On average we have done better than our peers within the last three years.”

Commenting on the bank’s journey with the CSE, Perera further stated: “In September 2010 our share recorded the highest price of a share in the banking sector at the time. We are very happy to be one of the major stakeholders in the CSE, a stake that stands to increase with our performance in future.” 

Market opening ceremonies are conducted by the CSE to serve as a platform to generate exposure for listed companies as they celebrate important milestones in the capital market.