It gives me pleasure to present the first quarter performance of your Company for the financial year 2014/15. The Group recorded a consolidated revenue of Rs. 7.3Bn, a growth of 20%. Group operating profit closed at Rs. 452Mn while earnings stood at Rs. 247Mn, a decline of 12%.
Mr Hasrath Munasinghe Deputy General Manager – Marketing of Commercial Bank, the largest private bank and most valuable private sector brand in Sri Lanka, was recognised as ‘Marketing Professional of the Year’ at the Chief Marketing Officer (CMO) Asia Global Brand Excellence Awards 2014 in Singapore in recognition of his contribution to the disciplines of brand building and marketing in Sri Lanka.
Counting 20 years of hands-on experience in Marketing, Sales and Communications, HasrathMunasinghe has helped build many iconic brands in Sri Lanka in broadcast media, personal care and mobile telecommunications and has won multiple Gold Awards for his efforts from the Sri Lanka Institute of Marketing (SLIM).
He was adjudged one of the ‘Ten Outstanding Young Persons’ (TOYP) in Sri Lanka in 2013, receiving the most prestigious individual award for young achievers in the country. ‘Echelon’magazine’s twice named him in its ‘Top 40 under 40’ list of the top 40 executives under 40 years of age in Sri Lanka, in 2013 and 2014.In 2010, he received the Achievers and Leaders International Award from the Sri Lanka-India-South Africa-Singapore Partnership Summit.
The holder of eight professional and academic qualifications including two Masters Degrees from the Universities of Moratuwa (MSc in IT) and the University of Southern Queensland, Australia (MBA), and a Post Graduate Diploma in Marketing from the Chartered Institute of Marketing (CIM)UK, Hasrath has the distinction of being the youngest Sri Lankan to achieve both FCIM-UK and FSLIM status.
He currently serves as a board member of the Chartered Institute of Marketing (CIM) Sri Lanka region and in several committees of other institutes.
Photo caption:
Hasrath Munasinghe (centre) receives the Marketing Personality of the Year award at the 2014 CMO Asia Brand Excellence Awards.
Amãna Bank made a generous contribution for the second consecutive year to the Serendib Educational Foundation (SEF) in providing financial assistance and scholarships to deserving students who are capable of pursuing their studies but are unable to do so due to financial constraints.
Sri Lanka’s premier bank operating on Islamic banking principles, Amãna Bank now offers the market’s lowest five years Leasing (Ijara) rental of Rs 2,131/=(inclusive of VAT) per month for Rs. 100,000/- lease.
Commenting on this Amãna Bank’s Head of Leasing and Home Finance Mr Chaminda De Silva said “We are indeed delighted to offer the lowest five year leasing rental for brand new & unregistered vehicles in the market, which further strengthens our commitment to offer convenient and affordable leasing facilities to our valued customers. Further, there are no hidden residual payments or other hidden charges to this offer and customers can obtain the credit approval for their lease facility within 24 hours from any of our branches located island wide.”
Elaborating on the Bank’s unique Leasing concept Mr Siddeeque Akbar, VP Consumer Banking and Strategic Marketing said “Our leasing concept operates according to Ijara principles, where the Bank buys the vehicle the customer requires and rents it back to the customer so that he/she could enjoy using the vehicle. At the end of the agreed rental period the Bank will gift the vehicle to the customer so that the customer can enjoy the full ownership of it.”
With an effective service through minimum paper work and less hassle, Amãna Bank Leasing offers minimal processing time and speedy delivery. The leasing facilities are provided up to 5 years and 100% of the vehicle value for brand new and unregistered vehicles. Easy payment options are also available for insurance based on customer preference whilst no guarantors are required for professionals. A special offer is also available for registered vehicles.
Amãna Bank is the first Licensed Commercial Bank in Sri Lanka to operate in complete harmony with the non-interest based Islamic banking model. Powered by the stability and the support of its strategic shareholders, Bank Islam Malaysia Berhad, The Islamic Development Bank based in Saudi Arabia and AB Bank in Bangladesh, Amãna Bank is making inroads within the Sri Lankan banking industry and is focused on capitalizing the growing market potential for the unique banking model across the country.
The Commercial Bank of Ceylon has once again partnered with Diesel and Motor Engineering PLC (DIMO) to offer attractive leasing options for TATA commercial vehicles in a sixth month promotion commencing August 2014.
Marking 25 years of enabling world-class, secure paymentsin Sri Lanka,MasterCard today launched ‘MasterCardGanu Denu’ for all MasterCard and Maestro cardholders in the country.
MTD Walkers PLC posted a net profit of Rs.370 million recording an impressive growth of 96% for the 1st quarter FY 2014/2015 when compared to the 1st quarter of the previous financial year. The Group Revenue for the period grew by 76% to Rs. 3.3 billion.
Commercial Credit and Finance PLC (CCF) today announced its acquisition of 55, 037,154 Ordinary Voting Shares of Trade Finance and Investments PLC (TFI) at a price of Rs. 28/- per share.
The Commercial Bank of Ceylon has won double honours for its commitment to the community from the Chief Marketing Officer (CMO) Asia Council, which has presented Sri Lanka’s largest private bank with two prestigious international awards.
The Commercial Bank of Ceylon recently extended its support to another 200 entrepreneurs of the Northern Province by providing them with valuable information on developing their businesses, at three programmes.
Adds new facility that allows viewing of deposited cheques.
