Financial supermarket opens at PB's Golden Anniversary branch
People's Bank opened the first financial supermarket in Colombo to
mark the golden anniversary of the Bank. The Borella City Branch in a
state-of-the art building named the Golden Anniversary Branch and was
opened by Minister of Economic Development Basil Rajapaksa recently.
The Borella City Branch in a state-of-the art building named the
Golden Anniversary Branch was opened by Minister of Economic
Development Basil Rajapaksa. It was graced by Minister Dinesh
Gunawardena, Deputy Minister Githanjana Gunawardena, MP Tilanga
Sumathipala, Defence Secretary Gotabaya Rajapaksa, Central Bank
Governor Ajith Nivard Cabraal and Chairman of the People's Bank
CEO People's Leasing Company (Pvt) Ltd D. P. kumarage presents a
memento to Minister of Economic Development Basil Rajapaksa
The 12 storeyed building is also the head office of the Peoples
Leasing Company, a fully owned subsidiary of the People's Bank. The Rs.
1.6 billion building's infrastructure includes the most up-to-date
computer network, communication facilities and customer conveniences in
Acting CEO and General Manager of the People's Bank K.U. Pushpakumara
said that this is the first bank in Sri Lanka with modern facilities
built on the modern concept of a financial supermarket. The bank is open
from 8.00 am to 8.00 pm 365 days of the year. Pushpakumara said that
this new initiative will lead the banking industry in Sri Lanka to a new
level of sophistication.
The branch will be the model for all branch development programs.
Pushpakumara said that another two or three branches will be upgraded
under this concept. It is a new generation bank that provides customers
fast, efficient and convenient banking services, he said.
The branch is ready to provide all facilities to exporters and this
facility is in line with the Bank's vision to be the exporters' bank by
2016. Facilities available for exporters include export credit, support
to search for suppliers and buyers, project financing and investment
banking. The 8-8 X 365 days banking service is on line with real time
Internet facilities have been provided for customers to search for
information they need. The VIP lounge of the branch is a wi-fi zone and
customers can browse the internet with their laptops or mobile devices.
The branch provides all banking products and services. safety lockers
are offered to customers for their valuables. The staff has been trained
to cater to customer needs accepted by the financial supermarket
concept. The car park can accommodate 50 vehicles.
The financial supermarket concept envisages to provide individuals
and businesses the tools to manage their resources through a single
provider, rather than from a multiplicity of sources. In some instances,
a financial supermarket may offer incentives that encourage customers to
enrol in all applicable programs offered at the store, a measure that
may save the client money and possibly increase the return that is
earned off investments and other financial accounts.
The typical financial supermarket will provide all essential services
of a commercial bank. Customers may establish checking and savings
accounts with ease, set up a certificate of deposit, obtain loans, and
even establish a line of credit. In addition, the supermarket will also
allow the consumer to secure life insurance coverage, and participate in
various types of investing activity, such as purchasing bonds or buying
and selling stocks.
The services are available as stand-alone services, but some
supermarkets also offer bundled packages that allow consumers to
establish three or more related accounts for a discounted fee.