Seylan Bank PLC Announces Board Changes

Seylan Bank PLC is a Sri Lanka-based commercial bank. The principal activities of the Bank are commercial banking and provision of related financial services, which mainly include acceptance of deposits, personal banking, trade financing, offshore banking, resident and non-resident foreign currency operations, corporate and retail credit, and project financing, among others. The Bank's segments include Banking, Treasury and Property/Investments. Its Banking segment offers loans and advances (including leases and bills), margin trading, insurance, deposits and other transactions and balances with corporate and retail customers. The Treasury is engaged in managing the Bank’s assets and liabilities, statutory reserve requirement, liquidity, foreign exchange position and investment portfolios. Property/ Investment segment includes property investment income, expenses, assets and liabilities. Its branch network comprises of approximately 171 banking centers and 98 student savings centers.