CAL Competitors

Since its incorporation in 1986, for more than a quarter century, Sampath Bank has been a trusted partner serving all communities in Sri Lanka offering the full range of corporate, personal and investment banking services. Through the years, the Bank has witnessed sustained growth, built a robust and strong capital base together with continued investment in both technology and human capital reaping rich dividends in long-term relationship building. In 2012, the Bank recorded a profit after tax of Rs 5.1 Bln and today successfully operates a countrywide network which includes 210 Branches and 270 ATMs and an extended ATM network of over 1807 access points. Recognized as one of the most respected entities in Sri Lanka, the Bank aims to deliver value whilst creating wealth, changing the landscape of the country’s financial and banking services industry.

The National Development Bank (NDB Bank) was established in 1979 as one of the premier Development Financing Institutions (DFI) in Sri Lanka. Proudly enjoying a history of over 40 years, NDB Bank has evolved and transformed itself to become the 4th largest private commercial bank keeping pace with the dynamic business landscape. The Bank has made considerable strides in the Sri Lankan banking and finance sector, with operations in Retail, Business, Corporate Banking and Project Finance. The Bank continues empowering its customers through cutting edge solutions, gender empowerment projects(such as "Sri Lanka Vanithabhimana") ,driven through its banking on women proposition developed in partnership with IFC and "Jayagamu Sri Lanka" a platform to support and strengthen SMEs, exporters & entrepreneurs whilst working with USAID project ‘SL @ 100’ along with other partner organisations. NDB was awarded “Best Bank in Sri Lanka 2022” for the 2nd consecutive year by Global Finance Magazine USA and “Best Digital Bank 2021” at Asia money Best Bank Awards in addition to being named the “Most Awarded Corporate” in 2021 as per LMD ranking. NDB has a network of 113 branches and is a pioneer in the digital banking services sphere with NDB NEOS. The Bank’s customers also enjoy the synergies of being a part of the largest financial services group which includes NDB Capital Holdings, NDBIB, NDB Securities and NDB Wealth. With its all-encompassing suite of financial solutions, a strong governance and compliance framework, the NDB Group possesses a unique competitive advantage in the financial services and capital market sectors. The Bank’s national long-term rating issued by Fitch Ratings Lanka Limited was affirmed at A-(lka).

Established in 1995 Union Bank is a strong player in the Banking sector in Sri Lanka with over 28 years of service to the Nation. Well capitalised, with a solid financial standing Union Bank is a listed private commercial bank offering financial solutions to the Retail, SME and Corporate segments. Union Bank is synonymous with progressiveness and potential for growth and is an entity that has attracted global and local investors. 2014 marked a key milestone in the Financial Services Industry in Sri Lanka with an investment of USD 117 Mn in Union Bank by the global investment company TPG making it one of the largest foreign direct investments to Sri Lanka. With expansion and progress, the Bank garnered the attention of CG Capital Partners Pte Ltd, an affiliate company of CG Corp Global which indirectly acquired the majority shareholding of Union Bank since October 2023. CG Corp Global is a multi-business conglomerate synonymous as a Global Growth Company in Asia and is the largest shareholder of Nabil Bank, the largest private bank of Nepal. www.cgcorpglobal.com The Bank has implemented a cohesive plan for accelerated growth with substantial innovations and developments to its product offering, technological and delivery platforms to provide a superior banking experience to its customers. With 65 branches island-wide supplemented by alternate channels that include a dynamic sales force, a 24- hour call centre, digital banking platforms and an island-wide ATM network the Bank provides convenient access to financial services. Union Bank’s subsidiaries include National Asset Management Limited, Sri Lanka’s premier Asset Management company and UB Finance Company Limited.