BANKING PRODUCTS. 

SAMPATH BANK   

Bankers are the main companies that provide intermediary services to lenders and borrowers. To facilitate the intermediaries services, a bank provide different product to their customers. These product are vary with the life time and needs of different customers. To analyze banking product we select the sampath bank. Following services are provided by sampath bank.    

01. SAVING ACCOUNT   

01.  Regular Savings

v  Sampath Double S
             Offers up to 50% bonus on interest monthly.
        An activated sampath visa debit card is given at the opening of the account.

v  Sampath Hit Saver
The freedom to enjoy unlimited withdrawals per month.
Instant loan facilities up to 90% of the account balance.
An account can be activated with an initial deposit of Rs.50000/= 

02.   Children savings

v  Sampath Pubudu
Initial deposit is Rs.500/=
To enjoy the benefit of the new scheme. Existing PUBUDU TRIPLE "S" accounts should be transferred to the new scheme.

v  Sampath Sapiri
It pays a higher interest and is considered as the investment account for minors. 

03.   Teenage Savings

v  Sampath X-Set
A unique saving account for the youth.

04.   Ladies saving

v  Ladies 1st
Accident and personal insurance cover from a reputed insurance service provider.
A discount of 0.25% on the existing pawning interest rate and loans.
4% interest rate per annum .
Minimum initial deposit Rs.1000/=
Provide branded pass book and branded visa debit card.

05.   Senior citizens savings

v  Sampath Sanhida Saver
The account can be opened for as low Rs.1000/=
Earn 6.50% higher rate of interest and additional 0.25%for USD.
Interest paid twice a month.
Free medical benefits based on annual average balance.

06.  Money market account

Specially design savings account which offers higher interest rates for corporate bodies and high net worth individuals.
Interest rate will be revised on every week   

      02.  LOANS

01.  Housing loans

·         Sevana housing loan – hassle free housing loans with speedy, efficient and tailor made service. Payment period up to 25 years.
·         Sevana dayada housing loan – unique option that permits to obtain a housing loan even at the age of 55 together with your children’s.
·         Foreign currency housing loan – a housing loan a scheme specially design for sri Lankan working abroad.

02.  Business loan

·         Sampath BIZCASH
Take your gold to the bank and receiving your loan instantly.
·         Sampath saviliya
Loans especially for woman’s. 

03. TERM DEPOSIT

01.  Regular deposit

·         Fixed deposit
·         Certificate of deposit
·         Sampath ODFD –an overdraft facility for fixed deposit

02.  Flexible deposit

·         Easy FD- ability to withdraw when you need.
·         Sampath kalin cash

03.  Senior citizen FD

  •       Sampath sanhida FD 


 E-remittances- that enables customers and non-customers to receive money within seconds from any of our agents abroad. 


 CORPORATE BANKING


01     Corporate Credit Division

Sampath corporate credit division offers a range of financial product and services of both long term and short term.
They facilitate,
  • Term loans
  • Leasing facilities
  • Money market loan
  • Overdraft
  • Trade finance facilities
  • Export related facilities 


02.      Commercial Credit Division

Sampath commercial credit division was instituted with objective to provide and innovative and cutting edge technology designed to credit valued and deliver financial solution by taking financial service to new heights.
They facilitate,
  • Export financing
  • Import financing
  • Working capital financing
  • Leasing facilities
  • Guarantee facilities
  • Term loans 


03.      Corporate Finance Division

Bank offers a range of investment banking services tailor-made to suit individual client requirement, complemented by its large network and state of the art IT platform.
They facilitates,
  • Debt financing-arranging and investing (Loan syndications, Securitization, debentures, commercial papers)
  • Investments in corporate instruments
  • Equity capital markets (Private placements, initial public offering, right issues, listed equity placement)
  •  Underwriting of share/ Debt issues
  • Corporate advisory services (Merges and acquisitions, valuation of companies, corporate restructuring)
  • Custodian services
  • Escrow accounts
  • New project development (Project financing, project appraisal, feasibility studies)


04.      Development Banking

The bank recognize the needs for focus resources allocation to service the MSME sector (Micro Small and Medium Enterprises)
  • Stat-up projects
  • Expansion, Re-locations and diversification
  • Working capital financing
  • Bridging finance
  • Other facilities (Trade financing, Leasing) 


05.      Foreign currency banking Unit (FCBU)

They provide a total banking solution to carryout transactions in designated foreign currencies for following entities.
01. Exchange houses
02. Off shores companies
03. Non-resident individuals
They facilitates,
  • Deposit product (Current accounts, saving accounts, call deposit, fixed deposit)
  • Financing solution
  • Trade services
  • Forex products
  • Forex transaction
  • Business solution
  • Complementary services


Five pillars – Capital, credibility, character, capability (monthly income), conditions (payment schedule, installment, time period, collateral)
Crib reports- detect the unsettle loan than the 5000/=



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