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Products and Services

• Letters of credit
• Shipping and other guarantees
• Import and export finance
• Structured trade finance services
• Working capital financing
• Project financing
• Syndicated loans
• Structuring of corporate debt instruments
• Company valuation and restructuring
• Structuring, managing and underwriting of initial public offerings and private placements of equity
• Securitisations
• Leasing and factoring
• Off-shore banking facilities
• Payment solutions for corporate clients
• SWIFT facilities
• Internet banking
• Islamic banking
• Investment advice and evaluation
• Margin trading facilities
• Escrow accounts for software providers/users
• Custodial services
• Bullion Trading

Corporate Banking Division recorded satisfactory results and achieved most of the targets set at the beginning of the year. This performance was achieved amidst shrinking interest margins in the industry. Despite the recent rise in market rates which has somewhat slowed down loan activities, the division recorded a reasonable growth in advances when compared to the last year.

Revenue Drivers

Corporate Banking Division in its endeavour to reach the desired level of performance is supported by many other divisions of the Bank. These divisions which are administratively integrated to the Corporate Banking Division with their staff strength as at December 31, 2011 are given below:

Corporate Banking

In 2011, the Bank was recognised as the ‘Best Trade Finance Bank in Sri Lanka’ by Trade Finance magazine, published by Euromoney.

Since the end of Sri Lanka’s long civil conflict, reconstruction in the Northern and Eastern parts of the country, along with major Government infrastructure projects, have helped revive the formerly stagnant economy. The war’s end also brought hopes of a revival for the tourism industry - hopes that are slowly being realised. These developments have encouraged large corporate entities to expand their operations, leading to significant gains in the loan book of the Corporate Banking Unit (CBU), although the recent rise in market rates has somewhat slowed loan activities.