LDB to build professional links with CMA

Lankaputhra Development Bank (LDB), a government bank, signed an MoU with the Institute of Certified Management Accountants (CMA) of Sri Lanka, the national professional management accounting institution in Sri Lanka, incorporated by Parliament Act No. 23 of 2009.

CMA has over 12,000 students and 2,000 members. It is a member of South Asian Federation of Accountants (SAFA) and a member of International Federation of Accountants (IFAC), which is the world body of professional accountants.

The MoU will enable LDB to build professional links among CMA members, students and institutes. CMA will monitor and mentor students in the organisation and provide them with professional advice relevant to the workplace. Lankaputhra Development bank will educate and build the character of Certified Management Accountants.

While practical training is essential for all CMA candidates in obtaining membership, their presence in an organisation will help it to be aware of the latest development in the Management Accounting. The CMA training program has been developed in accordance with the international standards of the IFAC, to meet the growing demands of competitive organisations at national and international levels.

Lankaputhra Development Bank has launched many schemes to support Small and Medium Entrepreneurs such as project loans, micro finance loan scheme and special project loans. Apart from these loan schemes, the bank offers Laksaviya leasing facility and Laksahana pawning facility.

Several savings schemes including Lakmuthu children's savings, Laksetha Senior Citizen's savings, Sandaliya Women's Savings account offer attractive rates of interest. The bank has branches in Colombo, Hambantota, Polonnaruwa, Kegalle, Kandy, Wennappuwa, Batticaloa and Trincomalee.