Corporate Banking
Products
• Letters of Credit
• Shipping and other guarantees
• Import and export finance
• SWIFT facilities
• Syndicated loans
• Project financing
• Securitisation
• Structuring, managing and underwriting
of Initial Public Offerings and Private
Placement of Equity
• Company valuations and restructuring
• Investment advice and evaluation
• Structuring of Corporate Debt
Instruments
• Working capital financing
• Leasing
• Domestic and International Factoring
• Off-shore banking facilities
• Internet banking
• Sponsor of the Colombo Stock Exchange
• Bullion Trading
Core Competencies
• Financial stability and strength
• Highest rating among local commercial
banks
• Large single borrower limit
• Expertise in corporate credit and trade
finance
• High level of professionalism
• Innovative products
• State-of-the-art technology
• On-line branch network
• In-house legal expertise
• Cost effective operations
• Well established and trusted
correspondent Banks
Future Strategies
• To be identified as ‘The Banker’ for
Corporates
• To diversify the advances portfolio
• To leverage on the well established
customer-base and relationships with
correspondent banks
• To introduce innovative products and
services which are mutually beneficial to
both the bank as well as customers
• To increase the market share in
international operations
• To further improve the quality of the loan
book
• To widen the spectrum of the Corporate
Finance Unit
• To simplify operations and ensure speedy
delivery
• To offer the best package to customers
backed by state-of-the-art technology
and cost effective operations
• To establish itself as an independent
entity within the bank |
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Overview
The activities of the Corporate Banking Unit encompass the Foreign Branch, the Offshore Banking Centre and the Corporate Finance Unit (CFU). The Foreign Branch has over the years achieved a reputation for expertise in trade finance operations and caters to a clientele in diverse fields of business activity. Its customers vary from medium-size to multinational and large local corporate business entities and blue-chip companies.
The Corporate Banking Unit offers its customers a wide range of services including working capital financing, leasing and factoring facilities, project financing and related services.
The Corporate Finance Unit (CFU) provides a wide array of investment banking services including syndicated finance, large project finance, structuring/placement of corporate bonds, private placement of equity/debt, IPOs, financial restructuring and financial advisory services.
Achievements - 2007
• Loans and advances recorded a growth despite a low appetite for credit in view of the high interest rate environment which prevailed in 2007.
• The net non-performing ratio of the Bank as at December 31, 2007 was 3.01% which denotes the high quality of the loan book of the Corporate Banking Unit. This ratio is considered to be the best reported by an indigenous bank in the country signifying the sound credit appraisal process and the post-disbursement monitoring of the Bank.
• Import and export turnover of the Bank amounted to US$.1.129 billion and US$ 0.824 billion for the year 2007, recording an increase of 18% and 6% respectively over the last year. A substantial portion of the import and export turnover of the country is presently routed through the Bank.
• The lease portfolio of Foreign Branch, recorded at Rs. 2.1 billion is a growth of 14% from the previous year, despite the economic volatility in the country. Further, the Foreign Branch maintained a very healthy lease portfolio with an infected ratio of less than 1%.
• Turnover from domestic factoring business also a recorded growth of 12% to reach a level of Rs. 4.47 billion from Rs. 3.99 billion in 2006. Turnover from the export factoring business which the Bank commenced in 2005, under the membership of the Factors Chain International, reached US$ 4.1 million.
• The Corporate Finance Unit (CFU) recorded a substantial increase in income despite adversities posed by the unstable political and economic environment along with the rising interest rates. The CFU also structured several syndications and continued to invest in securitised bonds, debentures and preference shares during the year.
• The Bullion Trading Unit recorded a satisfactory growth and consolidated its position as the market leader in the trade. The Bank has now established a name as the premier bullion supplier in the country.
• The Bank has a well established and trusted network of correspondent banks. covering every part of the world. This long- standing relationship has provided a distinct advantage to the customers of the Bank in their international business with counterparties globally.
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