Sampath partners with KEB Hana to expand money transfers from Korea
With the aim of expanding and expediting remittance facilities for Sri Lankans employed in Korea, Sampath Bank recently entered into a partnership with KEB Hana Bank in Korea.
About 30,000 Sri Lankans are currently employed in Korea and with the rising demand for skilled labour, more Lankans are expected to migrate to Korea for better prospects.
Sampath Bank has established a strong footprint in a number of countries including Korea, and continuously has been a preferred banking partner for the Lankan expats. Through its synergy with KEB Hana Bank, Sampath Bank aims to reach out to Sri Lankans employed in Korea and help them send money home quickly, safely and conveniently.
Headquartered in Seoul, KEB Hana Bank is in the forefront of Korean remittance market. With assets exceeding over 250 billion dollars, KEB Hana Bank operates a network of 134 foreign branches in 24 countries including the Americas, Europe, Middle-east and Asia-pacific region.
Sri Lankan expats in Korea can conveniently obtain the service by dropping into KEB Hana Bank and providing account details of the beneficiary along with Sampath Bank Swift Code. The fund transfer will be implemented via Sampath E-remittance service, offering the beneficiary with the utmost convenience of collecting remittance from any Sampath Bank branch outlet island-wide. Sampath Bank also offers a wider ATM network coverage available for 24 hours a day, 7 days a week and 365 days a year.
One of the key benefits of Sampath E-remittance is that it offers highest exchange rate for their remittances.the remitter will receive instant notification with SMS alert upon completion of the transaction. It also offers the unparalleled benefits of Sampath Mobile Cash.
Sri Lankan expats who obtain the service will be further eligible to obtain Personal, Housing or Vehicle Loan facilities for competitive interest rates.
Remitters can transfer money to their Sampath Bank account directly and credit to any Sri Lankan commercial bank Account via Sampath E-remittance service. The remitter also can send money in Foreign currency to PFCA or IIA (Inward Investment Account) account holders of Sampath Bank or other banks.
Elaborating his views on the occasion, Ajith Salgado - Group Chief Information Officer of Sampath Bank PLC stated, “Being a national bank, we at Sampath Bank have recognised the economic significance of remittances sent by Sri Lankan migrant employees from across the world. We have constantly extended our fullest support to them through our wide spectrum of financial solutions. The partnership reached with KEB Hana Bank signifies our commitment to serving our customers across the seas. Through our strong collaboration, we will provide a convenient and reliable platform for Sri Lankans in Korea to send money back home and continuously support the wellbeing of their families as well as the nation as a whole.”
Sharing his thoughts on the partnership drawn with KEB Hana Bank, Rajendra Ranasinghe - Assistant General Manager (Inward Remittance/ KPO/BNO) of Sampath Bank PLC noted, “The partnership between Sampath Bank and KEB Hana Bank epitomises our efforts to identify and meet our customer needs with a trusted and reputed remittance agent in Korea. KEB Hana Bank’s strong work ethics and commitment towards serving people mirrors our own. Therefore I believe this collaborative venture will truly benefit all Sri Lankans working in Korea.”
Established as a commercial bank in 1988, Sampath Bank has continuously served the nation for over 30 years. With its massive branch network exceeding over 229 branches island-wide, Sampath Bank has extended its services to innumerable institutes representing public and private sector as well as individuals from all walks of life. Incorporating state-of-theart technology and innovation, the bank has continued to stay abreast of its competition and deliver competitive solutions and services bringing seamless benefits to its customers. Sampath Bank’s superlative service to the nation has not only placed the bank in the forefront of the industry, but has also garnered a multitude of awards and accolades, year after year.