POSTED AT 11:56 AM 10-07-2018
Sampath Bank continues dominance at World Finance Banking Awards
Image Courtesy: Daily News
Sampath Bank was recognised as Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’ for the fifth consecutive year at the prestigious World Finance Banking Awards awarded by UK based World Finance magazine. Continuing to win accolades both within the island and around the world, the bank has reigned supreme at this forum, bringing home the two awards, consistently, ever since 2014.
Being the only Sri Lankan bank to have been recognised at this year’s event, the awards are a reflection of the strong growth in Sampath Bank’s overall profitability, its healthy liquidity levels, higher earnings per share, dividends and returns to shareholders in general and the consistent growth in its market share in both asset and liability class products and services.
The World Finance magazine states that the 2018 edition of the awards “have sought to identify the banks that have successfully held their nerve during a period of uncertainty and are now preparing tools to last them for the foreseeable future and beyond”.
“Standing alongside some of the world’s best banking and financial service providers, we are honoured to have been recognised at the World Finance Banking Awards for the fifth consecutive year,” said Sampath Bank PLC Managing Director Nanda Fernando.
“The awards are a testament to our overall performance, financial ratios, the variety and clarity of our products and services, alternative financial product offerings, corporate governance, parallel market interaction and competitive strategy. This wouldn’t have been possible without the commitment and relentless efforts of our team. Continuing to leverage emerging technologies, we remain committed to enhancing the quality of lives of our fellow Sri Lankans by offering them greater levels of service and convenience through world class products and services.”
The World Finance Banking Awards are one of the most respected accolades in the banking and financial services sector, globally. The renowned World Finance magazine has been celebrating achievement, innovation and brilliance since 2007 through these annual awards that recognise banks’ excellence across several criteria.
The honours received at the World Finance Banking Awards join the multitude of recognitions that have been bestowed on Sampath Bank in 2018. Earlier this year, the bank was included to the MSCI Frontier Market 100 Index, becoming the only Sri Lankan company in the Index with a weightage of 0.36%.
Established in 1987, Sampath Bank has become a state-of-the-art financial institution that continues to be a market leader today thanks to its constant innovation and customer focused approach to business. Its unique tailor-made solutions, superior services and convenience of access have allowed Sampath Bank to further differentiate itself from the competition and stand out as the bank of choice for many in Sri Lanka.