Rajitha Basnayake Appointed to Cargills Bank Board 📈

Cargills Bank has announced the appointment of Rajitha Basnayake as an Independent Non-Executive Director to its Board, effective January 2026. This move highlights the bank's focus on strengthening its ICT and Digital Transformation governance to support long-term business strategies. • Expertise & Background: Basnayake is a veteran Information Technology professional and management consultant with over 35 years of experience. His career spans leadership in mission-critical ICT and business process transformation across diverse sectors, including Financial Services, FMCG, and Retail. • Key Professional Highlights: • Previously served as a Senior Independent Director at Asia Asset Finance PLC. • Former Director of Advisory Services at Ernst and Young Sri Lanka, providing ICT and business consultancy for major public and private projects. • Held senior management roles at Asia Capital Group (CIO), The Lion Brewery, and Richard Pieris Distributors. • Academic Credentials: He holds a Master’s in IT from Keele University (UK) and is a Chartered Member of the British Computer Society. This appointment comes as Cargills Bank continues its growth trajectory, recently reporting a 97% YoY increase in Profit After Tax (Rs. 313 Mn) for 9M 2025 and moving forward with a Rs. 2.5 Bn rights issue to fuel its lending expansion.