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Cargills Bank half yearly performance for 2018 reflects higher business volumes, increased profitability

           Photo caption: Mr. Louis Page – Chairman, Cargills Bank (left) and Mr. Rajendra Theagarajah – Managing Director / CEO, Cargills Bank   Performance highlights • Net Interest Income (NII) of Rs.992Mn is a growth of 45% for the 1st Half (1H) of this year compared to the 1H of 2017 […]

Cargills Bank surges forth with phenomenal interest rates for fixed deposits

Caption: Mr. Darshana Ratnayake – DGM – Retail Banking   Cargills Bank has newly introduced attractive interest rates for one-year and six-month fixed deposits to encourage customers for long-term savings. An incredible 12.75% interest on maturity is now available for one-year fixed deposits. The Bank further offers a competitive 12% (12.36% A.E.R) for the 6-month […]

Cargills Bank joins RippleNet for cross-border remittance blockchain

  From left: Cargills Bank Manager Remittances Kithmini Kumaranayake, Cargills Bank MD/CEO Rajendra Theagarajah, Ripple Senior Vice President Global Sales John Mitchell, Ripple Sales Director South Asia Ravi Subramanyam, and Cargills Bank Senior Manager IT Application Development Indika Fernando     Cargills Bank Ltd. announced it is joining RippleNet to facilitate cross-border inward remittances to Sri […]

Cargills Bank Smart Minds Inter Department Quiz 2018

  Joint overall winners-Trade & Treasury   1st Runners Up – Retail Credit Unit   2nd Runners Up – Cargills Bank Card Centre   Cargills Bank Smart Minds – Organizing Committee   The Cargills Bank Smart Minds Inter Department Quiz Competition was held recently at the Grand Oriental Hotel in Colombo with the participation of […]

Ruvini and Dushni join Cargills Bank Board

Cargills Bank Ltd. yesterday announced the appointment of Ruvini Fernando and Dr. Dushni Weerakoon as Independent Non-Executive Directors to its Board of Directors with effect from 1 August 2018. Fernando is a Director, PPP Advisory and Deals Strategy at PricewaterhouseCoopers (PwC), Colombo, heading the capital projects and infrastructure practice of the firm as well as […]

Elevating your business across borders: Trade Services at Cargills Bank

Photo caption: Assistant General Manager Trade at Cargills Bank Ajit Allirajah   The trade business at Cargills Bank offers an array of trade services to support customers to trade across borders with utmost ease. Whether is it to streamline your payments or form smooth supplier relationships to protecting your operations in exports and imports, Cargills […]

Cargills Bank Remittance Services surges forth with extended agent network and beneficiary rewards

      Photo caption: (Above) Buddhika Perera – Head of Retail Banking and (below) some of the winners of the Remittance Draw The remittances service at Cargills Bank has shown a rapid growth in business in 2018 with the implementation of their expansion drive along with the promotional offers to beneficiaries in Sri Lanka. […]

Cargills Bank records improved net operating income although quarterly profits are down

  Cargills Bank recorded a post tax profit of Rs. 18.3 million for the first quarter ended 31 March 2018, a decline of 57% compared with the corresponding period in the previous year. The post-tax profit was adversely impacted by higher operational expenses and increase in impairment provision. However, the interest income growth of 51% […]

Cargills Bank: “Banking and Shopping under one Roof”

Cargills Bank has been in the forefront in providing simple yet innovative and attractive banking solutions to their customers throughout all social and income groups. The bank is moving forward with a task in partnering the growth of every Sri Lankan and that commitment comes from the corporate ethos of “Cargills”, which has been a […]

Cargills Bank opens in Chilaw

  Caption: H.P.Y.W. Herath  Head Quarters Inspector Chilaw Police Station,  A.K. Dissanayake   Divisional Secretary Chilaw,  Darshana Ratnayake Deputy General Manager Retail Banking, Cargills Bank Limited.   Cargills Bank opened its “in-store” branch in Chilaw on June 20, located at Cargills Food City, on the Colombo Road, Chilaw. In line to the bank’s regional investment strategy and expansion plan, the […]

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