Top List of Banks in Sri Lanka
Sri Lanka has a long history of banking, with evidence of money lending on the island dating back to the era of King Devanampiya Tissa. There are currently over 22 licensed commercial banks in Sri Lanka, overseen by the Central Bank of Sri Lanka (CBSL).
Choosing a bank is a big decision. It's one of those things you should think about carefully because the services you get from your BankBank will significantly impact how you manage your money. To help you find the best BankBank for your needs, we've compiled this list of the best banks in Sri Lanka:
Commercial Bank of Ceylon
The Commercial Bank of Ceylon PLC is a Sri Lankan bank incorporated in 1920. It has the most comprehensive network with 287 branches as of 2020, together with its subsidiary, Commercial Bank International (Mauritius) Ltd (CBI), which operates as a fully-fledged commercial bank in Mauritius and the Maldives. Commercial Bank has also established an ADT Venture in Myanmar. Commercial Bank's total assets were Rs. 1,983.491 billion at the end of 2021, and shareholders' funds stood at Rs. 166.445 billion.
Kapruka offers a wide range of commercial banks of Ceylon products for you to buy for your loved ones or yourself. We accept all major credit cards. Kapruka offers services like Sri Lanka online shopping, gift delivery and money transfer from anywhere in the world to Sri Lanka. It is one of the largest e-commerce platforms in Sri Lanka.
Sampath Bank Plc
Sampath Bank PLC (SAMP) is a commercial bank in Sri Lanka. The Central Bank of Sri Lanka, the national banking regulator, is licensed as a commercial bank. Sampath Bank was established in 1986 as a private limited liability company. Since then, Sampath Bank has grown to 229 branches, including 12 super branches and six regional offices with over 4,048 employees. Sampath Bank PLC is a leading commercial bank providing banking, finance, leasing and insurance services to corporate and retail customers in Sri Lanka. As of 2020, the total assets were estimated to be around 1.11 trillion LKR.
People's BankBank is a central, state-owned commercial bank headquartered in Colombo, Sri Lanka. The Bank was formed in 1961 by the nationalization of three existing banks and had 741 branches in Sri Lanka worldwide. As of 2020, it had total assets of 3.346 billion USD, making it the second-largest BankBank in Sri Lanka. The Bank offers savings accounts, term deposits, and loans to individuals for housing and business activities. It also provides credit facilities to corporates and small businesses, loans against National Savings Certificates, fixed deposits and shares, bridging finance to SMEs, working capital finance including purchase order financing to corporate and retail customers, export financing, and refinance facilities housing, vehicle and equipment purchases.
Hatton National Bank
Hatton National Bank PLC (HNB) is a Sri Lankan banking and financial services company headquartered in Colombo, Sri Lanka. It is one of the largest private sector banks in the country, with 251 branches and 4,836 (2020) employees spread across the island. The Bank specializes in commercial banking, personal banking, and wealth management services.
The Bank was established on August 1 1888, as the Hatton Bank Limited. After its nationalization by the Government of Sri Lanka in 1959, it was renamed National Development Bank Limited. As of 2020, assets under management (AUM) stood at ₹1.371 trillion (US$19 billion). The Bank's current international network consists of 39 branches and offices in India, Bangladesh, the Maldives and representative offices in the United Arab Emirates and Singapore.
Seylan Bank Plc
Seylan Bank Plc is a commercial bank in Sri Lanka. It is licensed as a specialized bank by the Central Bank of Sri Lanka, the Central Bank and the national banking regulator. The Bank was founded in 1986, with headquarters in Colombo; it has 173 branches and more than 3360 employees. As of December 2019, Seylan Bank had total assets of LKR527 billion (US$2.84 billion), with shareholders' equity of LKR53 billion (US$282 million). The Bank mainly provides services such as: provides investment banking services such as corporate advisory, debt syndications and structuring, project finance and equity syndication services.
Amana Bank PLC
Amana Bank PLC is a licensed commercial bank in Sri Lanka, owned by the Amana Group, a Dubai-based consortium. The Bank was established in 2011 and commenced its operations in 2012. The Bank has eight branches across the country. As of 2019, the Bank'sBank's total assets were worth 34.32 billion INR (US$200 million), and at the same period, it had employed a total of 342 people across its various branches.
Amana Bank offers a host of innovative banking products and services to individuals, SMEs and corporate customers. Their retail banking products include personal banking, e-banking, phone & mobile banking, Amana Auto Finance, Amana Home Finance, Amana Leasing Ltd., Amana Guarantee Ltd., Amana General Insurance Ltd., Amana Takaful PLC and Amana Capital PLC.
Nations Trust Bank Plc
Nations Trust Bank (NTB) is a licensed commercial bank in Sri Lanka. It is one of the fastest-growing banks in the country. At present, NTB has 96 branches across the country with a workforce of over 3,151 employees and boasts a total asset base exceeding Rs.267 billion (US$ 1.56 billion). NTB commenced operations in 1999, offering customers a comprehensive range of banking services, including retail banking, SME banking, corporate and investment banking. The Bank'sBank's corporate office is located at Nations Towers, No. 2 Jawatte Road, Colombo 5. The Bank also provides a range of financial services, including retail banking, SME banking, corporate and investment banking, treasury and capital markets, leasing and factoring. The Bank also provides securities trading and project financing services.
DFCC Bank is a state-owned enterprise in Sri Lanka, which provides banking and financial services to the public. It was established by an Act of Parliament in 1955 to cater to the long term credit requirements of industry and commerce. The DFCC Bank is one of the largest commercial banks in Sri Lanka regarding assets, loans and deposits. With its headquarters in Colombo, DFCC Bank has 139 branches with over 1,250 employees. They are a full-fledged commercial bank operating in Sri Lanka, offering the entire spectrum of financial services under one roof. They provide a wide range of products and services to individuals, corporations and institutions across Sri Lanka. As of 2020, the Bank had net assets worth 467.4 billion LKR.
National Development Bank PLC
National Development Bank PLC is a Sri Lankan bank with headquarters in Colombo. As of December 31, 2017, the BankBank had approximately 100 branches, over 2,500 employees, and total assets of Rs. 52.79bn. The Bank was initially formed as a development finance institution but has expanded its services to cover commercial banking, stock brokering, investment banking and insurance. It also offers the following services: The Corporate Banking segment includes lending to corporate customers, trade finance and other services. The Retail Banking segment includes personal borrowing and lending, business lending services to small and medium enterprises (SMEs), savings accounts, current accounts and other related services to individuals.
Q. What is the number 1 bank in Sri Lanka?
A.The Commercial Bank of Ceylon would be one such company, as it is one of the oldest banks in Sri Lanka and one of the country's best-performing banks.