Seylan Bank has steadily regained public confidence that can generate sustainable returns for depositors, and is well positioned to achieve a dramatic leap forward in the coming year, Seylan Bank Executive Director Ramanathan Nadaraja said in a message to its annual report. The ambition of the bank is to make consumer banking a force to be reckoned with in the industry.Nadaraja said the bank is currently finalizing an internal marketing program which is intended towards further revitalizing the bank’s staff to deliver a greater standard of customer service and flexibility, he said. The bank entered 2011 with a strong momentum in consumer banking business driven by high levels of customer activity and good risk control. Looking to the future, it is clear that the economic and business environment will remain challenging and the quality and the assets and the risk management capability will be tested again.
Elaborating on the strategies that will be recognized to enhance the performance he said the infrastructure, agriculture and commercial activity in the Northern and the Eastern provinces are expected to drive the economy to higher levels of growth in the coming financial year.
The bank expects to play a key role in the reconstruction and development and other areas via an expanding network of branches and expansion offices in these regions. The bank recorded a net profit of Rs 1.2 billion for 2010 which is a 126 percent increase compared to Rs 543 million for the previous financial year. RK
source - www.dailynews.lk
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