Sampath Bank Approved for Port City Colombo Branch 📈

• Overall Developments: Sampath Bank PLC has officially secured approval from the Central Bank of Sri Lanka to establish a dedicated branch within Port City Colombo. The strategic agreement was signed between Sampath Bank and CHEC Port City Colombo (Pvt) Ltd. • Strategic Context: Located at Building 1 of the Business Centre, this marks the bank's second footprint in the area, following its CRM deployment at the Port City Duty Free in 2025. It aligns with the special economic zone's broader goal to attract up to US$ 15 Bn in overall investment upon completion. • Services & Scope: Operating as an Authorized Persons Licensed Institution, the branch will offer full banking services in both Sri Lankan Rupees and designated foreign currencies. It will serve residents, non-residents, and global corporates to facilitate international trade and Foreign Direct Investment (FDI). • Key Highlights: Sampath Bank plans to launch a fully integrated digital banking proposition, featuring treasury management and streamlined operations to enhance the ease of doing business within South Asia's premier multi-service economic zone.