Sampath Bank PLC (Sinhala: සම්පත් බැංකුව, romanized: sampat bæṁkuva) is a licensed commercial bank incorporated in Sri Lanka in 1987 with 229 branches and 373 ATMs island-wide. It has won the "Bank of the Year" award by The Banker of Financial Times Limited – London, for two consecutive years, and the "National Business Excellence Awards 2010".[citation needed] It has become the third largest private sector bank in Sri Lanka with Rs. 453 billion in deposits as of 30 June 2016.[2]
The bank was originally incorporated as the Investment and Credit Bank Limited in 1988. The bank became popularly known as Sampath. In 1988, Sampath Bank started to operate a multi-point network of automated teller machines (ATMs) for the first time in the country, as "Sampath Electronic Teller" or "SET". Then, as the popularity of ATM banking increased it introduced MasterCard (in 1989), PBU (Personal Banking Unit) and Uni-Banking System. The bank was the first to introduce debit cards in South Asia in 1997 and was the first in Sri Lanka to issue a debit card instantly at the time of opening an account. The first-ever Cheque Imaging & Truncating (CIT) site in Sri Lanka was launched by Sampath Bank in 2004. Since 2009, the bank is the third-largest private sector bank in Sri Lanka in terms of total assets.[citation needed]
Growthedit
The first office of Sampath Bank was located at Wijewardhana Mawatha, Colombo 10 and later in 1998, was moved their headquarters to Sir James Peiris Mawatha, Colombo 02, Sri Lanka. At the end of its first year, the staff had 94 members.[citation needed]
The first ATM operated by the bank was installed in 1986, and by the end of 2007 it had crossed the 150 mark.[citation needed]
In 1996, the bank introduced a "tele-banking" facility. This led to the use of IT-induced banking technology in 1998 and the "SampathNet" – Internet Banking facility launched in July 2000. Its latest innovation is "slipless banking," where no paperwork is required for most over-the-counter transactions.[citation needed]
Today, the bank operates with a total of 229 branches—including 12 super branches—and 360 ATMs, 8 of which operate off-site.[citation needed]
Technologyedit
Since its opening in 1986, Sampath Bank is the first bank in Sri Lanka to operate using a fully computerized database.
Sampath Bank was the first to introduce the use ofATMs, MasterCard, Personal Banking Unit Facilities, Uni Banking System & Debit Cards (Initially with Cirrus and Maestro and Visa) to Sri Lanka. After its massive re-engineering during the transfer to IT-induced banking, it was able to launch Internet Banking, Internet Payment Gateways and 24/7 mobile banking services.
The Bank was the first in Sri Lanka to introduce one-day clearing for all checks drawn on any Sampath branch, collected by any commercial bank on the island and presented through the Sri Lanka Automated Clearing House (SLACH). It launched the first-ever Check Imagine & Truncating (CIT) site in Sri Lanka in October 2004.
Sampath Bank won a Gold and Merit Award at the National Best Quality Software Awards 2008 for developing the "Credit Approval System" (CAS) and "Electronic Money Transfer" (EMTS) applications. It was also honored at the National Science and Technology Awards 2008 in the category of "Local Developed New Technologies" for the "Sampath eRemittance System".[3]
sampath, bank, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, february, 20. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Sampath Bank news newspapers books scholar JSTOR February 2017 Learn how and when to remove this message Sampath Bank PLC Sinhala සම පත බ ක ව romanized sampat baeṁkuva is a licensed commercial bank incorporated in Sri Lanka in 1987 with 229 branches and 373 ATMs island wide It has won the Bank of the Year award by The Banker of Financial Times Limited London for two consecutive years and the National Business Excellence Awards 2010 citation needed It has become the third largest private sector bank in Sri Lanka with Rs 453 billion in deposits as of 30 June 2016 2 Sampath Bank PLCThe logo of Sampath BabkCompany typePublicTraded asCSE SAMP N0000ISINLK0090N00007IndustryFinancialFoundedMarch 10 1986 38 years ago 1986 03 10 HeadquartersColombo Sri LankaNumber of locations229 branches 2022 Area servedSri LankaKey peopleHarsha Amarasekera Chairman Nanda Fernando Managing director Rushanka Silva Deputy chairman RevenueLKR206 002 billion 2022 Operating incomeLKR21 971 billion 2022 Net incomeLKR14 061 billion 2022 AUMLKR4 357 trillion 2022Total assetsLKR1 367 trillion 2022 Total equityLKR135 551 billion 2022 OwnersVallibel One 14 95 Ayenka Holdings Pvt Ltd 9 97 Employees Provident Fund 9 97 Number of employees3 948 2022 SubsidiariesSampath Centre LtdSC Securities Pvt LtdSiyapatha Finance PLCSampath Information Technology Solutions LtdWebsitewww wbr sampath wbr lkFootnotes references 1 Contents 1 History 2 Growth 3 Technology 4 See also 5 References 6 External linksHistory editThe bank was originally incorporated as the Investment and Credit Bank Limited in 1988 The bank became popularly known as Sampath In 1988 Sampath Bank started to operate a multi point network of automated teller machines ATMs for the first time in the country as Sampath Electronic Teller or SET Then as the popularity of ATM banking increased it introduced MasterCard in 1989 PBU Personal Banking Unit and Uni Banking System The bank was the first to introduce debit cards in South Asia in 1997 and was the first in Sri Lanka to issue a debit card instantly at the time of opening an account The first ever Cheque Imaging amp Truncating CIT site in Sri Lanka was launched by Sampath Bank in 2004 Since 2009 the bank is the third largest private sector bank in Sri Lanka in terms of total assets citation needed Growth editThe first office of Sampath Bank was located at Wijewardhana Mawatha Colombo 10 and later in 1998 was moved their headquarters to Sir James Peiris Mawatha Colombo 02 Sri Lanka At the end of its first year the staff had 94 members citation needed The first ATM operated by the bank was installed in 1986 and by the end of 2007 it had crossed the 150 mark citation needed In 1996 the bank introduced a tele banking facility This led to the use of IT induced banking technology in 1998 and the SampathNet Internet Banking facility launched in July 2000 Its latest innovation is slipless banking where no paperwork is required for most over the counter transactions citation needed Today the bank operates with a total of 229 branches including 12 super branches and 360 ATMs 8 of which operate off site citation needed Technology editSince its opening in 1986 Sampath Bank is the first bank in Sri Lanka to operate using a fully computerized database Sampath Bank was the first to introduce the use ofATMs MasterCard Personal Banking Unit Facilities Uni Banking System amp Debit Cards Initially with Cirrus and Maestro and Visa to Sri Lanka After its massive re engineering during the transfer to IT induced banking it was able to launch Internet Banking Internet Payment Gateways and 24 7 mobile banking services The Bank was the first in Sri Lanka to introduce one day clearing for all checks drawn on any Sampath branch collected by any commercial bank on the island and presented through the Sri Lanka Automated Clearing House SLACH It launched the first ever Check Imagine amp Truncating CIT site in Sri Lanka in October 2004 Sampath Bank won a Gold and Merit Award at the National Best Quality Software Awards 2008 for developing the Credit Approval System CAS and Electronic Money Transfer EMTS applications It was also honored at the National Science and Technology Awards 2008 in the category of Local Developed New Technologies for the Sampath eRemittance System 3 See also editList of banks in Sri LankaReferences edit Annual Report 2022 PDF cse lk Sampath Bank PLC Retrieved 3 March 2023 Sri Lanka s Sampath Bank profits surge 54 pct in June quarter Lanka Business Online 2016 08 02 Retrieved 2016 09 02 Bandara Akalanka Raigam NBQSA 2008 NBQSA National ICT Awards Retrieved 2023 04 21 External links editSampath Bank Official Web Site Lanka Business Online Sampath Bank Expansion Report by Lanka Business Report The Banker Report nbsp Banks portal Retrieved from https en 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