Business
Sampath Bank becomes youngest to achieve Rs. 1 trillion in assets, in just 33 years
Sampath Bank PLC recently announced that its asset base has surpassed Rs. 1 trillion, making it the youngest bank in Sri Lanka to achieve this feat. This is a significant milestone for the Bank, as very few players in the industry have reached this landmark.
This achievement is particularly noteworthy, given the volatile market conditions experienced during the last one and a half years and is a true testament to the strength and stability of Sampath Bank and the confidence placed in it by investors and customers alike.
Speaking about this achievement Nanda Fernando, Managing Director of Sampath Bank PLC said, “This is a proud moment for all of us at Sampath Bank as we celebrate reaching our first trillion. Being the youngest bank to achieve this feat reflects the dynamism, speed and agility with which we operate, as well as the hard work done over the years. Now that we have achieved our first, we will continue to raise the bar and strive for more landmark achievements such as this in the years to come.”
This accomplishment is the latest in a year that has seen Sampath Bank continuously winning accolades across diverse avenues. According to LMD’s Brands Annual publication, Sampath Bank was ranked among the top 10 ‘Most Loved Brands’ in the country and was the only bank to feature in the top 10, a clear indication that its drive to create seamless customer experiences has borne fruition. The Bank was also ranked 5th among the Most Valuable Entities in Sri Lanka according to a survey commissioned and conceptualized by LMD and conducted by Brand Finance, which ranked the nation’s most admired corporations. Continuing its winning streak for the 7th consecutive year, it was also recognized as Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’ yet again, at the prestigious World Finance Banking Awards organized by the UK based World Finance magazine. Sampath Bank was the only Sri Lankan bank to have been recognized at this year’s event and the only Bank in the country to have received both these awards every year since 2014.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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