Cargills Bank proudly marks its 11th anniversary, celebrating over a decade of inclusive and transformative banking that continues to reshape access to financial services across the island.

Established in 2014 with a mission to empower progress in every Sri Lankan life it touches, the Bank has steadily grown into a trusted financial institution, redefining convenience and accessibility in banking.

At the heart of Cargills Bank’s success is its innovative supermarket banking model, a first of its kind initiative in Sri Lanka. This model integrates financial services into the daily lives of customers by placing banking facilities within the Cargills Food City supermarket network. Today, the Bank operates 26 branches and over 530 agency banking points, ensuring a widespread and inclusive presence across both urban and rural areas.

Serving a diverse customer base including individuals, small businesses, and corporates Cargills Bank offers a comprehensive suite of financial products. Its supermarket banking channel is not only a convenient solution for retail banking but also plays a critical role in corporate services, offering efficient cash management and collection solutions.

Cargills Bank continues to invest in digital innovation, delivering secure, user friendly platforms for online and mobile banking. Its remittance services have become a reliable bridge for Sri Lankans overseas to support their families, enhancing cross border financial connectivity.

Despite facing industry wide challenges over the past year, Cargills Bank remains committed to progress through resilience, transparency, and stakeholder trust. The Bank’s continued success is driven by its values, dedicated employees, loyal customers, and supportive partners.

This commitment was reflected in several recent accolades, including:

• Merit Award for Technology Resilient Company of the Year – Digital Trust Awards 2024

• Silver Award – CA Sri Lanka TAGS Awards 2024

• Special Recognition – SLITAD People Development Awards 2023/24

These honours underscore Cargills Bank’s dedication to technological advancement, good governance, and human capital development.

Looking to the future, the Bank aims to support Sri Lanka’s economic recovery by responding to the evolving financial needs of individuals and businesses alike. Backed by a strong capital base and a disciplined growth strategy, Cargills Bank is positioned to make an even greater contribution to the nation’s development.

In keeping with its purpose driven ethos, Cargills Bank has expanded its CSR and sustainability initiatives, including:

• Infrastructure donations to under-resourced schools

• Financial literacy programs for marginalized communities (e.g., waste collectors)

• Environmental awareness campaigns to promote green banking

• Youth-focused outreach to instill responsible saving habits early

To commemorate this milestone, Cargills Bank is also rolling out special customer offerings such as high yield fixed deposits, exclusive card promotions, attractive loan packages, raffle draws, and personalized investment planning tools further enriching the financial journeys of its customers.

Reflecting on the journey, Senarath Bandara, Managing Director/CEO of Cargills Bank, shared:

“As we celebrate 11 years since our founding, I am filled with gratitude for the trust placed in us by our customers, partners, and team. Our journey has been one of both challenges and progress but through it all, we’ve remained true to our mission of making banking more inclusive, accessible, and impactful. Looking ahead, we are committed to being a resilient and responsible financial partner in Sri Lanka’s future. Together, we will continue to grow stronger.”

As it enters its second decade, Cargills Bank reaffirms its commitment to innovation, inclusive progress, and the belief that banking can be a powerful force in uplifting communities across Sri Lanka.

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The Colombo Chief Magistrate’s Court has ordered the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) to block access to all websites and social media accounts that publish or distribute illegally obtained data of Cargills Bank PLC.

The directive follows a petition filed by Cargills Bank on April 4 under Section 24 of the Online Safety Act No. 9 of 2024. The case (No. 43022/1/25) names all Internet Service Providers in Sri Lanka and the TRCSL as respondents.

Appearing for the petitioner bank were attorneys Geeth Karunarathna, Manujaya De Silva, and Nisal Dulmith. The court has fixed the matter for notice returnable on April 21.

The order comes in the wake of a reported data breach said to contain sensitive customer information including national identity details. Several journalists and digital rights activists have raised concerns over the breach and the response to it.

In a statement issued in March, Cargills Bank said that upon detection, it acted promptly to reinforce its security protocols, isolate the affected system, and engage leading cybersecurity experts for a comprehensive assessment. The bank said this proactive approach aimed to mitigate potential risks, ensure system integrity, and safeguard both customer and institutional interests.

Cargills Bank also assured that its banking operations remain unaffected, with no disruption to services. The bank reiterated its commitment to maintaining the highest standards of cybersecurity and operational resilience to uphold customer trust. (Newswire)

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Cargills Bank has confirmed the identification of a cybersecurity event involving unauthorized access to a peripheral system within its infrastructure.

Upon detection, the bank acted promptly to reinforce its security protocols, isolate the affected system, and engage leading cybersecurity experts to conduct a comprehensive assessment. This proactive approach aimed to mitigate potential risks, ensure system integrity, and safeguard both customer and institutional interests.

Cargills Bank further assured that its banking operations remain unaffected by this event, with no disruptions to services. The bank remains committed to maintaining the highest standards of cybersecurity and resilience to uphold customer trust and operational security.

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The shares of Cargills Bank Limited (CODE: CBNK-N-0000) commenced trading on the Colombo Stock Exchange (CSE) on Tuesday (Jan 09). 

The shares have been listed on the Main Board of the CSE under the ‘Diversified Banks’ sector. The occasion was marked with a special Bell Ringing Ceremony. 

The company’s Initial Public Offering (IPO) for 62.5 million ordinary voting shares has been offered at an issue price of LKR 8.00 per share, with the aim of raising LKR 500 million for the bank’s expansion plans. 

The event was attended by Cargills Bank Ltd. (CBL), Chairman, Mr. Richard Ebell; Former Chairman, Cargills Bank and Deputy Chairman, Cargills (Ceylon) PLC, Mr. Ranjit Page; Managing Director/CEO, Mr. Senarath Bandara; Chief Operating Officer, Mr. Prabhu Mathavan; Chief Strategy Officer, Mr. Talaal Maruzook; Independent Non-Executive Director and Director at CSE, Mr. Arjuna Herat; Cargills Bank Ltd. Board Members, joint managers to the issue CTCLSA and NDB Investment Bank, CBL Senior Management, and the team.

The CSE was represented at the event by its Chairman, Mr. Dilshan Wirasekara, CEO, Mr. Rajeeva Bandaranaike, and the CSE Senior Management. 

Delivering opening remarks, CSE Chairman Mr. Dilshan Wirasekara congratulated Cargills Bank Ltd. on its initiative to go public. “As a leading bank that is led and managed by a team of qualified and experienced professionals in the banking industry, we are pleased to welcome Cargills Bank Ltd., one of the fastest-growing banks in Sri Lanka, as the very first equity listing for the year 2024. Cargills Bank Ltd’s listing follows a successful IPO that was oversubscribed on the opening day itself.”

Mr. Wirasekara further said, “The CSE is dedicated to ensuring that Sri Lankan corporates of all scales and industries are aware of the valuable opportunities available to raise capital in the stock market. We’ve introduced a number of debt products over the years, from listed debentures to perpetual bonds, green and blue bonds as well as infrastructure bonds. I encourage the bank to use these products for your own or your clients’ benefit and to explore the capital markets as an alternative to raise capital and thereby contribute to the economy.”

Thanking the joint issue managers of CTCLSA and NDB Investment Bank, the CSE, and the core team within the bank who were heavily engaged in the steps that were taken leading up to the success of the IPO for all their assistance, Mr. Richard Ebell, Chairman of CBL, stated, “Cargills Bank is now a listed company, and we are proud to have reached this milestone. The issue was subscribed to nearly three times over, and we now welcome some 2000 new shareholders to the bank.”

He further said, “We hope the experience our new shareholders have with our bank will be felicitous. We also hope shareholders who have stayed patiently with us through testing times will see the value the future can provide and remain with the bank to reap the rewards of their investments. We continue to stay focused in our commitment to growing our business and increasing the value we provide our shareholders.”

Cargills Bank, established in June 2014 as the 25th Licensed Commercial Bank in Sri Lanka, operates with the core belief that empowering rural communities contributes to the overall strength of the nation. With a comprehensive network of 24 branches spanning 14 districts, the bank caters to all customer segments, providing a complete range of banking services. (NewsWire)

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