Seylan celebrates Independence Anniversary

Colombo. Thursday 04 February 2010. The Seylan Bank celebrates the 62nd anniversary of Sri Lanka’s independence with the launch of a special ‘Seylan Ran Salasum’ facility for its thousands of customers across the country.

Under this unique scheme, both personal and corporate customers will now be able to secure speedy financial assistance from the Seylan Bank with the gold they possess as surety. Adding to the convenience is the absence of the usual and hassle-some conventional documentation.

Available at Seylan’s 93 branches and 24 extension offices across the country, the ‘Seylan Ran Salasum facility is expected to dramatically expand the Bank’s customer base. Open to local jewellers and financial institutions who have gold stocks for trading, it also encourages high net worth individuals to borrow against their gold assets at attractive low interest rates.

Chairman of the Seylan Bank Eastman Narangoda said that with this new customer-centric facility, Seylan Bank is happy to offer flexible financial assistance to thousands of customers across the country. “Sri Lankans have an age old habit of accumulating their wealth in the form of gold. This has in fact been a long preferred option over the years. The security we provide for gold deposits and the very reasonable rates of interest we offer, will no doubt propel this scheme to great success. Furthermore, not only does this scheme enrich the range of products and services we offer our customers, but also enables us to substantially grow our lending portfolio”.
“Our strong restructuring and solid financial performance last year enabled us to re-gain the confidence of the people of this country and thereby strengthen our position as one of the leading players in the Sri Lankan banking industry. The Seylan Bank has always been of service to the nation both in good times and in bad, and will continue to be a leading player in the lives of Sri Lankans across all geographical boundaries”, Narangoda added.