Asoka Pieris assumed duties as Chairman of the Board of Directors of Cargills Bank PLC on July 3.
He was previouslythe Deputy Chairman of the Board. He succeeds Richard Ebell, who retired from the Board upon completion of the maximum permissible tenure on the Board of a bank as per the Banking regulations.
Pieris is an Independent Non-Executive Director of CargillsBank, and has been a member of the Board of Directors since January 2023.
He has a wealth of experience in the fields of finance, marketing, and manufacturing, both in Sri Lanka and abroad.
He has held many leadership roles, most recently as the Managing Director of Cargills Retail (Pvt) Ltd.
He has also served on the boards of sev eral other companies, including Cargills (Ceylon) PLC, Singer (Sri Lanka) PLC, Hatton National Bank PLC, Singer Finance (Lanka) PLC, Commercial Leasing Company PLC and the First Capital group of companies. Mr Pieris holds professional affiliations including being an Associate Member of the Institute of Chartered Accountants of Sri Lanka, a Fellow Member of the Chartered Institute of Management Accountants, UK and a Certified Global Management Accountant.
Senarath Bandara, Managing Director / CEO of Cargills Bank said, “We reflect with immense gratitude and appreciation on the contribution of Ebell to the progress of Cargills Bank. He joined the Board during the infancy of the bank, and his contribution across multiple Board sub-committees and later as Chairman of Cargills Bank has been invaluable.
“On behalf of the Management team, I warmly congratulate Asoka Pieris on his appointment as Chairman of the Board of Cargills Bank PLC.His extensive experience, foresight and proven track record will undoubtedly support the bank as we look forward to our next phase of growth,” he said.
With a vision to be Sri Lanka’s most inclusive bank driven by digital enablement, Cargills Bank has embraced a unique business model driven by an island-wide technology-based agency banking arrangement and digital solutions.
Cargills Bank is dedicated towards the development of entrepreneurs and the farming community and operates dedicated verticals to supportAgriculture and Micro Financing and Small and Medium Enterprise businesses. The bank actively participates in providing concessionary financing to these businesses to grow and develop into sustainable enterprises and boost livelihood development.
The bank’sRetail customer banking services include a full range of savings products, investment planner accounts, credit & debit cards, consumer loans and a range of flexible and convenient digital banking services, ensuring 24/7 access and absolute convenience.In addition to branches, ATMs and digital channels, Cargills Bank accounts are also accessible through Cargills supermarkets islandwide and customers enjoy free cash deposits and withdrawals at over 475 Cargills supermarkets courtesy of the Cargills Cash Service.
The bank also has a dedicated Corporate Banking team that supports large enterprises with tailored financing, trade, treasury, digital banking and other solutions to support the smooth and effective operation of their businesses.
Cargills Bank is headquartered in Kollupitiya.
