Seylan sees aggressive growth; plans innovative products in 2016
View(s):Seylan Bank (Seylan) saw further expansion in 2015 with its branch network growing island wide up to 159 branches and the ATM network more than 180, a Seylan media release said. Kapila Ariyaratne, Director/CEO Seylan, commenting on the bank’s future plans and challenges, was quoted as saying, “We are very positive about the future and have aggressive growth strategies planned. We will continue to innovate, and 2016 will see a range of innovative products from Seylan which will further enhance the bank’s image and create value to its present and future customers.The main challenge is to adapt to the changes in the way customers do banking and to keep up with that. The technological changes require quite a lot of investment but it is essential in order to stay relevant to the market. Plans are ahead to launch new channels and services that will further enhance and strengthen the image of the institution.”
Seylan believes that expatriate Sri Lankan workers should be looked after in a special way and has expanded its global remittances network during this year. The bank has spread out to mature markets such as France and Germany, Dubai, Malaysia and Saudi Arabia through Tempo, Cash Express, CIMB and Al Jaseera respectively for the benefit of the customers in Sri Lanka and overseas, the release said. “Seylan leasing, another key product in the bank’s portfolio, has grown remarkably with relative to the Sri Lankan vehicle market. Even though the new national budget will have adverse effect on the leasing sector, the bank is ready to face the situation and figure an alternate solution as leasing is important for the bank’s corporate and retail customers.”