Offers Special Low Interest Business Loans and Gold Loans to Businesses and Individuals
Stepping up its assistance to businesses and individuals affected by the global health and economic crisis, Sampath Bank rolled out a host of special business loans and gold loans under its Revive Sri Lanka initiative at significantly low interest rate of 9% p.a.
Sampath Bank is now offering special low interest Sampath Diriya loans of Rs.10 million to Rs. 100 million at 9% p.a. under the Revive Sri Lanka program. It includes capital loans for up to 120 months and working capital loans for up to 60 months. This is aimed at helping medium and large-scale businesses meet their business requirements as they strive to get over this period of economic uncertainty. The single-digit interest rate is lower than the average rates in the market for such advances. The Bank has waived off processing fees and penalties on early settlements as well. Furthermore, customers can request for a capital grace period of 12 months on capital loans and 6 months on working capital loans.
Sampath Bank has also introduced a 3-month Gold loan at a significantly low interest rate of 9% p.a. to support individuals and small-scale businesses with their urgent cash requirements. This is again the lowest interest rate on gold loans in the market. All Sri Lankans can obtain this loan over the counter at their nearest Sampath Bank branch, in a matter of minutes. The Bank is offering an advance of Rs. 65,000/- per sovereign of 24ct Gold and Rs. 60,000/- per sovereign of 22ct Gold.
“As a national bank, we have always been committed to driving economic growth by empowering individuals and businesses. We firmly believe that we have an added responsibility to stand by all Sri Lankans during these trying times and help uplift the economy. In line with this, we are extending a host of special, low interest loan solutions including business loans and gold loans under our Revive Sri Lanka initiative to assist individuals and businesses. We will continue to work closely with all stakeholders on helping the economy and country emerge stronger from this unprecedented global crisis,” said Nanda Fernando, Managing Director, Sampath Bank.
Earlier in the year, Sampath Bank had rolled out a host of relief measures for individuals and businesses affected by the pandemic which included moratorium on certain loan repayments. The Bank has also waived off all cheque return and stop payment charges until 30 September 2020. Small and medium scale businesses and self-employed individuals have been offered relief in repayments on certain leasing facilities and also customers with Sampath Bank personal loans or Sampath Leasing facilities of less than Rs. 1 million have been provided with relief in repayments. The Bank also extended relief measures to Sampath credit card customers, reducing the interest rate to 15% from 28% for local transactions up to a cumulative value of Rs. 50,000/- and lowering the minimum payment to 2.5% from 5% of the statement outstanding. Furthermore, late payment charges have been waived off till 30th September 2020.
Established in 1987, Sampath 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. Its unique tailor-made solutions, superior services and convenience of access have allowed Sampath Bank to further differentiate itself from the competition and stand out as the bank of choice for many in Sri Lanka.
Published Date - 05/07/2020
Published Date - 03/07/2020
Published Date - 02/07/2020
Sampath Bank is proudly featured in the LMD100 Leaderboard, securing the 6th Rank in the Top 20 LMD100 Listed Companies this year.
Reflecting the steady progress and capitalization on opportunities, along with hard work and team effort, Sampath Bank has been able to secure the Fifth Rank of Sri Lanka’s Best Performing Companies at the ‘Business Today Top 30 Awards 2018 – 2019.’
Sampath Bank is pleased to announce the appointment of Professor Malik Ranasinghe as its Chairman with effect from 2nd April 2019.
Professor Malik Ranasinghe, who was the Deputy Chairman of the Bank since August 2016, will take on his new role from the 2nd April 2019. His rich experience and deep understanding of the Bank’s core values will be invaluable in achieving its objectives.
Professor Ranasinghe is a former Vice-Chancellor, University of Moratuwa, Member of the University Grants Commission and Independent Non-Executive Director on number of Corporate Boards. He is a Fellow Member, Chartered Engineer and International Professional Engineer of the Institution of Engineers, Sri Lanka, Fellow Member of the National Academy of Sciences, Sri Lanka and The Institute of Project Managers of Sri Lanka and a Graduate Member of the Sri Lanka Institute of Directors. He obtained his PhD from The University of British Columbia, Vancouver, Canada in Civil Engineering Economics as a Canadian Commonwealth Scholar.
An article was published on a website this morning and being shared in social media about a financial irregularity at Sampath Bank. Some of the information published are inaccurate and misleading. However, due to ongoing investigations, the Bank is not in a position to disclose detailed information.
This incident occurred a few months back and the Bank has already taken appropriate measures to correct the situation and ensure no-recurrence.
We wish to assure the public that we have taken steps to ensure that our customers will not be affected in anyway due the incident reported.
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.
Mr. Nanda Fernando, Managing Director, Sampath Bank PLC accepted the award on behalf of the Bank from H.E. President Maithripala Sirisena amidst a distinguished audience of leaders from across the public and private sectors.
Sampath Bank's Managing Director, Mr. Nanda Fernando, has been recognized by leading Sri Lankan business magazine, LMD, in its 2018 A-List of Sri Lankan Businesspeople. He joins leaders from across different industries who "continue to drive the nation's engine of growth".
Sampath Bank was the proud winner of 5 awards at the recently held LankaPay Technnovation Awards 2018 organized by LankaClear (Pvt) Ltd, the operator of the LankaPay National Payment Network. Competing with the country’s leading banks, Sampath Bank clinched the award for “Most Innovative Bank of the Year” for the second consecutive year and emerged overall runners up for “Excellence in Interbank Payments”. The bank was also the winner of the categories “Best Common ATM Acquirer of the Year (Category B)”, “Best Bank for Retail Payments” and runners-up of the category “Best Acquirer on LankaPay Online Payment Platform”.
Mr. Nanda Fernando, Managing Director, Mr. Pasan Manukith, Head of IT – Systems Development, and Mr. Ananda Wijitha, Head of IT – Electronic Data Processing, accepted the awards on behalf of the bank at a grand ceremony held at the Shangri-La Hotel, Colombo on the 20th of September, 2018.
Sampath Bank was awarded as one of Sri Lanka’s 10 Most Admired Companies at the “Most Admired Companies of Sri Lanka 2018”awards ceremony
We have been awarded as one of Sri Lanka’s 10 Most Admired Companies at the “Most Admired Companies of Sri Lanka 2018” awards ceremony held at the Shangri-La Hotel, Colombo on the 9th of September 2018, which was organized by the International Chamber of Commerce, Sri Lanka (ICCSL) and the Chartered Institute of Management Accountants (CIMA) Sri Lanka in partnership with Daily FT, Aon, KPMG and AIA.
The companies within the Top 10 were selected from amongst 180 companies named as most admired by employees, competitors, and stakeholders through a public survey carried out via Dialog by a pre-eminent panel of judges. The judges used a rigorous selection and interview process based on eight financial and seven qualitative criterion looking for organizations that had proven their mettle with consistency, significant and sustainable growth, resulting in excellent business performance.
Mr. Tharaka Ranwala, Senior DGM – Consumer Banking and Mr. Aruna Jayasekara, Group Chief Human Resource Officer accepted the award on behalf of the Bank at the event in the presence of a distinguished audience comprising of leaders from the government and the private sector.
Sampath Bank rewarded with "The Best TV Commercial of the Year" (1st Runner Up) at the 23rd Sumathi Awards
Sampath Bank has received the “The Best TV Commercial of the Year” award (1st Runner Up) for Sampath Randiriya TV commercial at the 23rd Sumathi Awards held at the Nelum Pokuna Mahinda Rajapaksa Theatre on 29th August 2018.
Ms. Nadi B Dharmasiri, Head of Marketing accepted the award on behalf of the Bank at the event, in the presence of renowned personalities from teledrama, film, media and the business community.
Organized by the Sumathi Group of Companies, the annual awards seek to recognize outstanding work in and contributions to Sri Lanka’s television industry. And we, Sampath Bank, bagged the award in the special category for the Best TV commercials in the country.