Banking Industry: products of Sampath Bank

Sampath Bank

Public Limited Liability Company, incorporated in Sri Lanka on 10th March 1986. Incorporated under Companies Act No. 17 of 1982 and listed on the Colombo Stock Exchange. Certificate to Commence business received on 2 April 1986.A licensed Commercial Bank under the Banking Act No.30 of 1988 and supervised by the Central Bank of Sri Lanka.

Product of sampath bank

Savings Accounts

Regular Savings

· Sampath double s

Sampath Double S is ‘the savings account’ in the savings category and offers up to 50% bonus on interest monthly, together with an array of other benefits.Invest in the “Sampath Double S” scheme and watch your money grow in no time.

The savings account’ gives you monthly bonus on interest.

Interest is calculated on the daily balance and credited monthly.

Even if your balance is less than Rs. 15,000/- you will enjoy loads of unmatched privileges from Sampath Bank.

To qualify for bonus: An average balance of Rs. 15,000/- per month should be maintained in your account.

The bonus can be enjoyed even with a monthly withdrawal.

· Sampath Hit saver
Sampath Hit Saver Account is a unique savings account that offers much more than just high interest.
An account can be activated with an initial deposit of Rs. 50,000/- and it is designed to ensure that you enjoy the highest interest along with numerous other benefits.

Children saving

These accounts support your children with the right association, experience and exposure that will allow them to be more knowledgeable and standout amongst peers, while receiving better returns on savings for their future.Two accounts are available to select from:

Sampath Pubudu (5.0% per annum)
Sampath Sapiri (6.50% per annum)

Initial Deposit - Rs. 500/-

Teenage saving

· Sampath X-set

Sampath X-SET Account is exclusively for teenagers.it interest rate is 3.5 % per annum

Ladies saving

· Ladies 1^st

Ladies 1st is a unique savings account from Sampath Bank for the modern Sri Lankan women with a promise of more financial freedom, convenience, and advantages.

Rates-

4.00 % per annum
3.50 % per annum Till Account
5.50 % per annum Sampath Ladies 1st Investment Plan Account (SLIPA)

Sampath citizens saving

Sapath sanhida saving

Sampath Sanhinda Saver Account brings amazing offers for senior citizens of Sri Lanka. it offers unparalleled benefits and facilities with a higher rate of interest .interest rate is 6.50% per annum. An additional 0.25% for Sanhinda Saver (For USD)

Money market account

Money Market Account is specially designed savings accounts which offers higher interest rate for corporate bodies and high net worth individuals. Interest rate will be revised on every week.

LOANS

Housing loan

Sevana housing loan - hassle free housing loans with speedy, efficient and tailor made service. Payment period up 25 years.
Sevana dayada housing loan _ This is a unique option that permits you to obtain a housing loan even at the age of 55, together with your children.
Foreign currency housing loan _ A housing loan scheme especially designed for sri lankans working abroad.

Business loans

Sampath BIZCASH- Take your Gold to Sampath Bank, and receive your loan (minimum loan value is Rs. 250,000) instantly.
Sampath Saviya _ Scheme to help and support women entrepreneurs.

Term deposit

Regular Deposits

Fixed deposit- A minimum deposit of Rs. 25,000/- is all what you need to open a fixed deposit account. Maximum interest rate - Interest Paid at Maturity (11.33 %) and Interest paid Monthly (9.00 %).
Certificate of deposit - Certificate of Deposit Accounts are offered for different time durations – 06 months(8.33%), 12, months(9.83%), 24 months(10.33%), 36 months(10.83%) and 60 months(11.33%) – for your convenience.
Sampath ODFD - The moment you open a new Fixed Deposit with Sampath Bank, an automatic overdraft facility of up to 90% of the FD value is offered.

Flexible deposit

Sampath kalin cash -(Eligibility) Sri Lankan citizen over 18 years of age,Valid identification document (National Identity Card (NIC), Passport), Minimum initial deposit - Rs. 50,000/-

Easy FD - Sampath Easy FD is a unique fixed deposit account through which you can withdraw your funds as required WITHOUT incurring penal interest.( 4.00 %If compounded on daily basis - 4.08 %) Minimum initial deposit - Rs. 25,000/-

Senior Citizen FD

Sampath sanhida FD - High interest rates and the simplicity of operation help further to make a senior citizen’s life unperturbed. Can take all Senior Citizens above 55 years of age and Minimum deposit – Rs.100,000/-

E-remittances

An internet-based Instant Money Transfer Facility called ‘Sampath E-remittance’ enables Sampath Bank Customers and non-Customers to receive money within seconds from any of our agents abroad.

Corporate banking

Corporate credit Division

Sampath Bank understands the growing demand of your business and is geared to provide you with products and services to move ahead with the challenges and to become a winner in the corporate world. Sampath Corporate Credit Division offers a range of financial products and services both long and short term,

Term Loan, Leasing Facilities, Money Market Loans

Commercial credit division

Services and products offered by Sampath Commercial Credit Division,

Export Financing

§ Packing Credit

§ Export Bills Purchasing Facility Link to Trade Services

Import Financing

§ Documentary Credit

§ Acceptance

§ Import Short Term Loans – Revolving

§ Import Hypothecation Loans/Trust Receipt Loans Pledge Facilities Link to Trade Services

Working Capital Financing

§ Overdraft Facilities

§ Term Loans

Leasing Facilities

§ Vehicles, Machinery, Equipment etc.

Corporate finance Division

Bank offers a range of Investment Banking Services tailor-made to suit individual client requirements, complemented by its large network and state of the art IT platform.

They facilitates,

· Debt Financing – Arranging and Investing (Loan Syndications, Securitizations, Debentures, Commercial papers)

· Investments in Corporate Debt Instruments

· Equity Capital Markets ( Private Placements, Initial Public Offerings, Rights Issues, Listed Equity Placements)

· Underwriting of Share / Debt Issues

· Corporate Advisory Services (Mergers and acquisitions, Valuations of companies, Corporate Restructuring)

· Custodian Services

· Escrow accounts

· New Project Development (Project Financing, Project Appraisals, Feasibility Studies)

Development banking

The Development Banking Department focuses on business start up and expansion financing, mainly utilizing the credit lines available to the banking industry as well as concessionary funds sourced from our own funding base & the Investment Fund Account (IFA).

Products and services