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| Sunday, 7 August 2005 |
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Business |  |
| News Business Features Editorial
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HSBC invests Rs. 3b more in Lanka HSBC has increased capital in its Colombo office by a further Rs. 3 billion, becoming the largest foreign bank as well as the third-largest private bank in Sri Lanka. This increase in capital is being brought in with the objective of funding its dynamic growth in business and new strategies to support its customer base. Chief Executive Officer, HSBC Sri Lanka David J. H. Griffiths said: "We have invested and expanded our operations in Sri Lanka over the past few years and are pleased with the trust and confidence that the local community has placed in us. The latest investment of Rs. 3 billion is a further reflection of our confidence and commitment to Sri Lanka's economic development and potential for growth. As the world's local bank, HSBC looks forward to even stronger bonds and relationships with Sri Lanka and aim to take banking to a higher level. While delivering excellent levels of service in banking, we also aim to invest and transfer best practices, skills and knowledge in the country", he said. |
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