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| Sunday, 18 July 2004 |
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| News Business Features Editorial
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JKH process dividend payments via Deutsche Bank John Keells Holdings Limited (JKH), will be processing dividend payments electronically via Deutsche Bank's electronic banking system, db-direct internet. This will replace the traditional practice of issuing dividends using corporate cheques that require manual signatures. Deutsche Bank is the first bank to introduce electronic processing of dividend payments in the country. "With this new process using db-direct internet, the company can approve bulk payment of dividends in one single batch instead of the tedious task of approving each payment individually. The electronic method of payment ensures a more secure process that requires no manual intervention and is also one that is less labour-intensive," said Rohan Perera, Group Treasurer of JKH. "Automation also means that we will be able to better manage the information flow and enjoy the benefits of new cost-efficiencies arising from more accurate data and reduced processing times." |
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