Cargills Bank entered Sri Lanka’s Banking and Finance Industry as the 23rd licensed commercial bank in Sri Lanka with the ceremonial launch of its Head Office at No 696, Galle Road, Colombo 3, today.

The launch was presided over by the chief guest, Governor of the Central Bank of Sri Lanka,Ajith Nivard Cabraal and the Guest of Honour, Secretary of Defence and Urban Development, Gotabaya Rajapaksa.

Cargills Bank Limited is a venture promoted by Cargills (Ceylon) PLC and CT Holdings PLC, the parent company of Cargills, and has attracted strong local investors as well as reputed international partners. The total capital infused into the Bank at present stands at Rs. 5 Billion.

Speaking at the launch, Louis Page, Chairman of Cargills Bank Limited, said Cargills Bank, while certainly capitalizing on all industry opportunities and avenues, is more importantly a Bank that would strive towards a unique point of differentiation. “What we aspire to build from today is a culture of commercial banking that facilitates progress and delivers wealth across social and income groups,” he said.

Addressing the gathering, Harris Premaratne, Managing Director/CEO of Cargills Bank Limited said, “Our ultimate aim is to uplift the livelihood of all Sri Lankans. We will also focus on corporate customers and hope to revolutionize the manner in which banking in Sri Lanka is perceived by differentiating on the quality we offer our corporate customers. We will offer services based on their lifestyle and convenience, customized in line with their needs.”

The founding Board of Directors of Cargills Bank consist of Louis Page – Chairman, Ranjit Page - Deputy Chairman, Harris Premaratne - MD/CEO, Mr. Prabu Mathavan - Deputy MD/CFO, Deva Rodrigo, Mangala Boyagoda and Kamalini De Silva who will provide guidance and strategic direction while ensuring the highest standards of corporate governance and robust risk management systems.