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1982: BOC founded the first merchant bank in Sri Lanka, which was named the Merchant Bank of Sri Lanka. 1987: The bank moved into its 32-storey headquarters. Sri Lankans have nicknamed the building (Pittu bambuwa "පිට්ටු බම්බුව") a Sinhalese term used for a cylindrical cooking implement. The new building enabled the bank ...
Housing Development Finance Corporation Bank of Sri Lanka (HDFC) National Savings Bank; Regional Development Bank (Pradheshiya Sanwardhana Bank) Sanasa Development Bank; Sri Lanka Savings Bank; State Mortgage and Investment Bank; Source: Central Bank, September 2020 [2]
Damro is a Sri Lankan furniture and washing machine manufacturer that designs and sells diverse range of modern and traditional furniture. [1] Damro is regarded as the largest furniture manufacturer in South Asia and it is also regarded as one of the world's largest furniture manufacturers. [2] It is also hailed as a popular lifestyle brand.
The Sri Lanka Savings Bank was established in July 2006 as a private limited company under the Banking Act No. 30 of 1988 and it was incorporated under the provisions of the Companies Act. [2] The bank obtained license to operate as a specialised bank from the Central Bank of Sri Lanka.
Airport and Aviation Services (Sri Lanka) Limited; The Associated Newspapers of Ceylon Ltd; B.C.C. Lanka Ltd; B.O.C. Bank; CTB BUS; Lynx BUS; Building Materials Corporation Ltd
A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage, it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodities, particularly cloth merchants. Historically, merchant banks' purpose was to facilitate or ...
It is considered as one of the most systemically important banks in Sri Lanka. It is the largest lender to Sri Lanka's Small and Medium Enterprise sector. [7] The Ministry of Finance of Sri Lanka revealed that the Commercial Bank of Ceylon was the biggest lender to SME sector for the year 2020 amounting to an estimated amount of 21.6 billion ...
The Sri Lankan banking industry was changed during the late 1980s with the introduction of automation by private banking corporations. [10] Previously, few foreign banks were operating within Sri Lanka with few branches such as Hongkong and Shanghai Banking Corporation, etc. HSBC was using interactive electronic customer interfaces such as automated teller machines (ATMs).