Suvarna Garge (Editor)

Sampath Bank

Updated on
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Covid-19
Type  Public limited company
Industry  Finance
Website  www.sampath.lk
Motto  We Present Your Future
Founded  1986
Group finance director  Ranjith Samaranayake
Traded as  CSE: SAMP.N0000
Area served  Sri Lanka
Managing director  Nanda Fernando
Headquarters  Colombo, Sri Lanka
Deputy chairman  Malik Ranasinghe
Sampath Bank futurelankancomwpcontentuploads201601Sampat
Products  Banking, financial and related services
Subsidiaries  Sampath Bank Ltd, Retirement Plan

Sampath bank corporate tv commercial sinhala


Sampath Bank PLC is a licensed commercial bank incorporated in Sri Lanka in 1986 with 224 branches and 373 ATMs island wide. It has won the "Bank of the Year" award by "The Banker" of Financial Times Limited – London, for the second consecutive year and the "National Business Excellence Awards 2010". It has become the third largest private sector bank in Sri Lanka with Rs. 453 billion in deposits as of 30 June 2016.

Contents

Sampath e remittance cash washi 04


History

The bank was originally incorporated as Investment and Credit Bank Limited in 1987. The bank became popularly known as Sampath. In 1988, Sampath Bank started to operate a multi-point network of automated teller machines (ATMs) for the first time in the country, as "Sampath Electronic Teller" or "SET". Then, with the popularity of ATM banking introduced MasterCard (in 1989), PBU (Personal Banking Unit) and Uni-Banking System. The bank was the first to introduce debit cards in South Asia in 1997 and was the first in Sri Lanka to issue a debit card instantly at the time of opening an account. The first ever Cheque Imaging & Truncating (CIT) site in Sri Lanka was launched by Sampath Bank in 2004. Since 2009, the bank is the third largest private sector bank in Sri Lanka in terms of total assets.

Growth

The first office of Sampath bank located at Wijewardhana Mawatha, Colombo 10 and later in 1997, it was moved to Sir James Peiris Mawatha, Colombo 02, Sri Lanka. At the end of the first year, the staff had 94 members.

The first ATM operated by the bank was installed in 1986 and at the year end of 2007 it crossed the 150 mark and now the bank is operating over 220 ATMs island wide.

In 1996, the bank introduced the "Tele-banking" facility. This led to re-engineering of its IT induced banking technology in 1998 and "SampathNet" – Internet Banking facility launched in July 2000.

Now the bank operates with total of 224 branches including 12 super branches and 360 ATMs including 8 off-site ATMs.

Technology

Sampath Bank was the first bank in Sri Lanka to operate with fully computerized database and technologies since its birth in 1986.

Sampath bank was the first to introduce automated teller machines to Sri Lanka branded as “SET”, MasterCard, Personal Banking Unit Facility, Uni Banking System & Debit Cards (Initially with Cirrus and Maestro and Visa). After the massive re-engineering work done by the bank for its IT induced banking technology, the bank was able to launch Internet Banking, Internet Payment Gateways and mobile banking services which are on-line 24x7.

The Bank become the first in Sri Lanka to introduce one day clearing for all cheques drawn on any Sampath Bank branch, collected by any commercial bank in the island and presented through Sri Lanka Automated Clearing House (SLACH). The first ever Cheque Imagine & Truncating (CIT) site in Sri Lanka was launched by the bank in October 2004.

Sampath Bank won a Gold and Merit Award at the National Best Quality Software Awards 2008 for the in-house category for developing the "Credit Approval System" (CAS) and "Electronic Money Transfer" (EMTS) application. It was also honored at the National Science and Technology Awards 2008 for the category of "Local Developed New Technologies" which have resulted in a successfully Marketed Product/Service for the product "Sampath eRemittance System".

References

Sampath Bank Wikipedia


Topics
 
B
i
Link
H2
L