Daily Mirror (Sri Lanka)

Sampath Bank advances in Business Today TOP 30 rankings

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Sampath Bank was recognized as one of Sri Lanka’s best performing companies at the Business Today Top 30 Awards 2017 – 2018 held at the Shangri-la Hotel, Colombo recently.

Moving up two places from last year, the Bank has been ranked fifth in this year’s listings.

Nanda Fernando, Managing Director, Sampath Bank PLC accepted the award on behalf of the bank from President Maithripal­a Sirisena amidst a distinguis­hed audience of leaders from across the public and private sectors.

Currently in their 21st year, the awards rate companies listed on the Colombo Stock Exchange based on their business performanc­e during a given financial year. The listing is compiled with the assistance of KPMG Sri Lanka using publicly available, published informatio­n.

“It is our honor to stand tall alongside some of Sri Lanka’s most iconic enterprise­s in the Business Today TOP 30 rankings for 2017 - 2018. We are especially proud of moving up two places to be ranked fifth this year. This wouldn’t have been possible without the guidance and support of our Chairman, Board of Directors and shareholde­rs and the steadfast commitment of the over 4,000 members of Team Sampath. I would like to take this opportunit­y to thank and congratula­te them,” said Nanda Fernando, Managing Director, Sampath Bank PLC.

This year’s ranking is a reflection of Sampath Bank’s outstandin­g performanc­e during the financial year 2017. The bank had registered an impressive 32.7 percent growth in its After-tax Profits (PAT), which stood at Rs.12.1 billion as at 31st December 2017.

“Our focus on customer centric innovation has always been a key driver of our performanc­e, allowing us to grow consistent­ly, irrespecti­ve of the wider macro-economic conditions.we look forward to continuing to innovate to deliver greater value and convenienc­e to our customers’ lives as we move forward along our growth trajectory,” Fernando added.

Earlier this year, Sampath Bank was recognized as Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’ for the 5th consecutiv­e year at the prestigiou­s World Finance Banking Awards.

The bank was also included to the MSCI Frontier Market 100 Index, becoming the only Sri Lankan company in the Index with a weightage of 0.36 percent.

 ??  ?? Nanda Fernando, Managing Director, Sampath Bank PLC accepting the Business Today Top 30 Award from President Sirisena
Nanda Fernando, Managing Director, Sampath Bank PLC accepting the Business Today Top 30 Award from President Sirisena

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