Cargills Bank offers financial solutions to entrepreneurial community
The business banking division at Cargills Bank offers distinctive and unique financial solutions to the entrepreneurial community, in helping their businesses achieve full potential.
From managing working capital to supporting business expansions, empowering businesses, increasing margins and enabling cross border businesses, business banking commits towards the economic development of Sri Lanka.
The Small and Medium Enterprises (SME) industry is recognised as a strategic sector and an integral part of the country’s economic growth and development. Despite the periodic incentives offered by governments towards uplifting the SME sector, it is constrained by issues related to both product and markets.
Cargills Bank Ltd Business Banking Head Sharmal Ferdinando said: “Supporting the SME has been one of our key priorities since our inception in 2014. Having identified the potential of this sector, a number of key initiatives were implemented to support the growth of SMES. Our recent initiative of enabling EPF Payments and customs payments online and at branches reinstates the bank’s commitment towards SME sector focused digital initiatives.” Currently, SMES play a key role in the country’s economy as they contribute to economic growth whilst also providing an essential source of employment opportunities. “Our priority is to partner that growth by offering innovative financial solutions which could nurture entrepreneurial capabilities in line with the corporate ethos of ‘banking on the human spirit’,” he further added.
True to the ethos of ‘Banking on the Human Spirit,’ Cargills Bank is taking banking to the masses by being inclusive and accessible. Cargills Bank’s Business Banking Division being at the forefront of SME banking specialises in tailor making solution in working capital financing, term loan financing and project financing.
The bank’s in-store banking concept provides extended hours and 365-day banking while ‘Cargills Cash’ has enabled banking at over 350 Cargills Food City outlets reinforcing banking and shopping under one roof.