6. Sampath Bank
Sampatha Bank ranks at number six in the Business Today TOP 30 this year. The bank has focused on customer convenience, innovative products and information technology thereby growing in strength and stability over the past two decades.
The balance sheet of the Bank has grown with revenue up by 3.7 per cent to record 47.1 billion rupees. PAT has seen a growth of 24.8 per cent to record 6.1 billion rupees during the financial year. The quality of the credit portfolio has improved significantly.NPLs decreased by 1.64 per cent. Asset portfolio crossed 500 billion rupees, thus the bank becomes one of the only three private commercial banks in the country to reach this milestone.
Through the Sampath Saviya programme, the Bank has reached out to over 600 SMEs across the Island, which has been a practical tool to provide loans to individuals and SMEs. Over 86 million rupees was disbursed under the green lending scheme.
While Sampath Bank is a shareholder of a leasing company in Bangladesh, the Bank has also ventured into the regional markets and opened its first office in Myanmar during the financial year.
With continued focus on the Sri Lankan market, Sampath Bank has decided to widen its horizon by venturing overseas. Greater investment in technology will be made to ensure customer convenience and efficient services. Being one of the most stable banks in Sri Lanka, there will be great expectation from the Bank as the Government moves ahead in a new direction.