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Sampath Bank recognised for its strengths across diverse parameters

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Nanda Fernando, Managing Director of Sampath Bank PLC

Looking back at its performance, Sampath Bank noted with pride that it was able to maintain its strengths across diverse parameters, as evidenced by the variety of local and international awards won.

The Bank was able to improve its ranking on many of the corporate leaderboards it was recognised on. In addition to constantly being recognised for its financial prowess, the bank continued to improve in terms of respect from other corporate peers as well as in its perceived value, two non-financial attributes that are crucial, yet extremely challenging to achieve during ordinary times, much less in times of such adversity.

The bank also saw its asset base cross the Rs. 1 trillion mark in 2020, a feat achieved by very few players in the industry. Sampath Bank achieved this milestone in a record 33 years, becoming the youngest bank in Sri Lanka to do so.

Given the volatile market conditions experienced during the past one and a half years, these achievements are a true testament to the strength and stability of Sampath Bank, its resilience and adaptability and the confidence placed in it by investors and customers alike.

“Right from our inception, we have strived to constantly innovate, transforming the nation’s financial services landscape and delivering greater value to all our stakeholders. Helping us earn the trust of our customers and shareholders, our efforts in this regard have been instrumental in shaping our financial success. They also continue to bring us ever more awards and accolades, both at home and around the world,” said Nanda Fernando, Managing Director of Sampath Bank PLC. “On behalf of all of us at Sampath Bank, I would like to thank the nation for their love, respect and support, especially during these turbulent times. We look forward to continuing to serve them and add more value to their lives in the years to come.”

Sampath Bank was rated amongst the Most Admired Companies of Sri Lanka by the International Chamber of Commerce of Sri Lanka (ICCSL), the Chartered Institute of Management Accountants (CIMA) and the Daily FT. The Bank is one of only 5 companies to receive an Honorable mention at the annual Most Admired Company Awards for the financial year 2019/20. The coveted award recognises companies, both listed and unlisted, that are a cut above the rest in terms of not just their financial performance but also the value they create for their shareholders, customers, employees and the wider community in general.

The Bank continued to hold its position in the top 10 line up in the 27th edition of the LMD 100, Sri Lanka’s pioneering listed company rankings for the financial year 2019/20. Sampath Bank was placed 5th in profitability and 6th in turnover in the latest edition of the ranking.

According to LMD’s Brands Annual publication for the year 2020, Sampath Bank emerged as the ‘Most Loved Brand’ in the Banking category and was the only bank to feature among the Top 10 ‘Most Loved Brands,’ while it was also ranked 5th in the ‘Most Valuable Consumer Brands’ category, up 2 places from last year. In the list of ‘Most Respected’ Entities in Sri Lanka the bank rose 2 spots to 6th place, while it also moved up one place to 4th on the Business Today Top 30.

In terms of international recognition, Sampath Bank was acknowledged as Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’ for the 7th consecutive year, at the World Finance Banking Awards organized by the UK based World Finance magazine, making it the only Sri Lankan bank to be recognized at this year’s edition and the only bank in the country to have received both these awards every year since 2014. The Banker Magazine also ranked it among the ‘Top 1000 World Banks,’ an adjudication made primarily based on Tier-one capital.

Recognition such as this further underscore Sampath Bank’s strong financials including steady profitability growth and healthy liquidity levels, as well as its steadfast commitment to customer service and innovation, as it looks optimistically towards the future.

Sampath Bank is a 100% local bank that has deeply rooted itself in the lives of the people of Sri Lanka. Established in 1987, the 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. It has introduced many firsts to the Sri Lankan banking sector including introducing ATMs to Sri Lanka, extended banking hours and slip-less banking to name a few. The Bank continues to steadily transform itself into a technology-driven financial services provider while upholding our traditions and values.



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Cabraal briefs Chief Incumbents on Port City Project Commission Bill

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On the instructions of the President and the Prime Minister, State Minister of Finance Ajith Nivard Cabraal on April 19 visited the Asgiriya Chapter, the Malwathu Chapter and the Chief Prelates of the Amarapura and Ramanna Maha Nikayas and briefed them on the relevant draft commission bill on Port City Project.

Cabinet Minister Prasanna Ranatunga, Minister of State Lohan Ratwatte, Minister of State Kanaka Herath, MP Wasantha Yapa Bandara and MP Kokila Gunawardena were also present on the occasion.

 

 

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Growing importance of training for nurses taking care of patients with NCDs

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To keep pace with the rapid expansion and increasing complexity of elderly home healthcare, training needs of home healthcare nurses must be identified and subsequent training programs implemented. English Nursing Care conducts training sessions on a weekly basis covering a variety of care needs for Non-Communicable Diseases (NCD) such as diabetes. The World Health Organisation (WHO) record that NCDs are estimated to account for 75% of total deaths in Sri Lanka.

Furthermore, according to the Sri Lankan Ministry of Health “although people are living longer, they live more years suffering from disease and disability, mainly from NCDs; life expectancy at birth in Sri Lanka is 74.9 years but healthy life expectancy at birth is only 67.0 years.” This has a significant impact on quality of life.

English Nursing Care Sri Lanka works towards improving the quality of life of the elderly living with NCD’s by training nurses on the most advanced and developed methodologies brought through years of experience internationally and locally. Being responsible for the well-being of your loved ones is pivotal in the service they provide.

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SriLankan Airlines welcomes Indian delegation to Sri Lanka

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SriLankan Airlines in a bid to recommence Indian tourist arrivals to Sri Lanka under the proposed bio-bubble tourist arrival concept successfully completed a familiarization tour for Indian media and travel trade professionals recently. A delegation of tour operators, agents, and senior editors representing influential media institutions concluded a familiarization tour in Sri Lanka.

The delegation spent six nights and seven days touring the country while being subjected to mandatory PCR testing and other health guidelines imposed by the Ministry of Health. Upon arriving in Sri Lanka, the delegation toured the most sought-after local tourist sites including Dambulla, Kandy, Nuwara Eliya, and Bentota. The tour was initiated by SriLankan Holidays and the ground arrangements for the tour were handled by Jetwing Travels, Aitken Spence, Sri Lanka Convention Bureau (SLCB), and Hamoos Travels.

The main purpose of their participation in this fam tour was to restore confidence in visiting Sri Lanka, especially among the Indian tourists to provide them in-depth knowledge on how the country’s tourism industry operates under the bio-bubble concept. Apart from visiting various places, they experienced the stringent health and safety protocols adopted by the country in resuming tourism under the “bio-bubble” concept allowing tourists to roam around without mixing with the local population.

During their stay here, the delegation was hosted for a virtual meet-and-greet with SriLankan Airlines Chairman Ashok Pathirage, Chief Executive Officer Vipula Gunathilleka, and Head of Worldwide Sales & Distribution Dimuthu Tennakoon. The discussion focused on the airline’s operations to India, vaccination and quarantine travel arrangements between the two countries, current safety measures, and guidelines pertaining to the bio-bubble concept. They lauded the effort taken by officials to make their trip a memorable one.

The Indian delegation was highly impressed with the opportunities they were given to travel and explore the country and its exclusive holiday prospects for the enthusiastic traveller. This fam tour was a manifestation of the immense potential of Sri Lanka as a post-covid travel destination enticing the Indian traveller.

 

 

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