Business
Sampath Bank becomes youngest to achieve Rs. 1 trillion in assets, in just 33 years
Sampath Bank PLC recently announced that its asset base has surpassed Rs. 1 trillion, making it the youngest bank in Sri Lanka to achieve this feat. This is a significant milestone for the Bank, as very few players in the industry have reached this landmark.
This achievement is particularly noteworthy, given the volatile market conditions experienced during the last one and a half years and is a true testament to the strength and stability of Sampath Bank and the confidence placed in it by investors and customers alike.
Speaking about this achievement Nanda Fernando, Managing Director of Sampath Bank PLC said, “This is a proud moment for all of us at Sampath Bank as we celebrate reaching our first trillion. Being the youngest bank to achieve this feat reflects the dynamism, speed and agility with which we operate, as well as the hard work done over the years. Now that we have achieved our first, we will continue to raise the bar and strive for more landmark achievements such as this in the years to come.”
This accomplishment is the latest in a year that has seen Sampath Bank continuously winning accolades across diverse avenues. According to LMD’s Brands Annual publication, Sampath Bank was ranked among the top 10 ‘Most Loved Brands’ in the country and was the only bank to feature in the top 10, a clear indication that its drive to create seamless customer experiences has borne fruition. The Bank was also ranked 5th among the Most Valuable Entities in Sri Lanka according to a survey commissioned and conceptualized by LMD and conducted by Brand Finance, which ranked the nation’s most admired corporations. Continuing its winning streak for the 7th consecutive year, it was also recognized as Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’ yet again, at the prestigious World Finance Banking Awards organized by the UK based World Finance magazine. Sampath Bank was the only Sri Lankan bank to have been recognized at this year’s event and the only Bank in the country to have received both these awards every year since 2014.
The Business World International Conference and Awards Ceremony organised by Business World International Organisation INC-USA, the event which is recognized as one of the most prestigious Business Award Festivals in the Asia Pacific Region, was held at the Mount Lavinia Hotel, Colombo with the participation of several business personalities and celebrities of Sri Lanka. The Joint Chief Guests were Dr. Purna Bahadur Nepali (Ambassador of Nepal to Sri Lanka) and Prof. Dr. Dietmar Doering (Founder / Chairman – AGSEP Research and Advisory Board Member of Business World International Organization – USA). Guests of Honour were Tham Whye Long (First Secretary/Head of Chancery – High Commission of Malaysia in Sri Lanka), Prof. Dr. Rohan De Silva (President – Sri Lanka Chamber of Small and Medium Industries), (Retd) Major General R. A. J. N. Ranasingha (RSP USP NDC MSC – Sri Lanka Army), Dr. Rohan Pallewatta (Excutive Chairman of the Start-Up High Tech Company – Lanka Harness, a BOI approved company operating in the Free Trade Zone at Biyagama in Sri Lanka), Dr. Kishu Gomes (Chairman – Exterminators PLC, Group Managing Director / CEO – Dreamron Group of Companies & Advisory Committee Member – Sri Lanka Tourism), Dian Gomes (Nonorary Consul of Georgia in Sri Lanka, Chairman – Colombo School of Business Management & Independent Non-Executive Director – Nestle Lanka Ltd).
Special Guests were Rt. Rev. Bishop Prof. Dr. Nissanka Weerappulige (Advisory Board Member of Business World International Organization – USA), Prof. Dr. Dame Anoma Weeraratne Wijenayake (Advisory Board Member of Business World International Organization – USA), Gerd Heinzerling (Advisory Board Member of Business World International Organization – USA), Priyantha Padmasiri (President – Sri Lanka Canada Business Council), M. H. K. M. Hameez (Vice President – Sri Lanka Canada Business Council & Immediate Past President – Sri Lanka Malaysia Business Council). The invitees were graciously welcomed by Dr. Anthony Dexter Fernando (Chairman – Business World International Organisation USA – International Chapter), Dr. Tharindu Wijenayake (Deputy Chairman – Business World International Organisation USA – International Chapter) and Dr. Emerita Wijenayake (Project Chairperson & Director – Business World International Organisation USA – International Chapter).
Sampath Bank recently formalised a strategic partnership with the Chamber of Young Lankan Entrepreneurs (COYLE) by signing a Memorandum of Understanding (MOU) at its Head Office. This partnership highlights Sampath Bank’s ongoing commitment to promoting innovation, driving business growth, and empowering Sri Lanka’s entrepreneurial ecosystem.
Through this collaboration, Sampath Bank will serve as the official banking partner for the COYLE Awards and the Young Lankan Program, two flagship initiatives that recognise business excellence and nurture emerging leaders. Supporting these initiatives allows the Bank to create a strong pipeline for SME engagement, provide access to tailored financial solutions, and build meaningful relationships with the country’s leading entrepreneurs.
ANC, a leading Lankan higher education provider, partnered with Northwood University to host the 2025 NUCARS simulation in Sri Lanka for the first time. Held from April 7–11, the event brought together students from the U.S., Europe, and Sri Lanka for an immersive, hands-on learning experience in automotive retail strategy. Twenty-two ANC students participated, showcasing their ability to compete globally. Celebrating its 28th anniversary, NUCARS emphasized teamwork, cross-cultural collaboration, and real-world business decision-making—highlighting ANC’s commitment to delivering globally recognized education and empowering students with essential skills for the international marketplace, said a release.
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