Veteran banker Senarath Bandara has been appointed as the Managing Director/CEO designate of Cargills Bank Limited, and will commence his new role with effect from September 8, 2020. Mr. Bandara will take over as MD/CEO of the Bank with effect from October 1, 2020, subject to regulatory clearance. He succeeds Mr. Rajendra Theagarajah who […]
Fitch Ratings has upgraded the credit rating of Cargills Bank Ltd. from ‘A-(lka)’ to ‘A+(lka)’ with a stable outlook. The National Ratings of the Sri Lankan banks consider their creditworthiness relative to other issuers in the country. The recalibration of the Sri Lankan National Rating scale has resulted in the upward revision of the National […]
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Cargills Bank recently announced the launch of its newly crafted fixed-deposit scheme tailored towards minors, with an aim to encourage and inculcate the habit of long-term savings among children, as well as adults. Giving genuine value to minors compared to any other bank, Cargills Bank states that the concept of this scheme is […]