Wednesday, March 11, 2009

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Spurred by best results Sampath unveils growth strategy

Pre-Tax profit up 15.6% and crosses Rs. 2.5 b mark for the first time

By Santhush Fernando
Sampath Bank PLC has embarked on an ambitious growth path in a bid to increase its market share.

“We are proud to say that we were able to record the best results presented by a bank so far. We have adopted a three year Action Plan to increase our core banking strength as well as to enhance the Bank’s organic growth path. We will focus on increasing our market share and profitability,” Sampath’s Chief Financial Officer (CFO) Ranjith Samaranayake said at the Investor Forum, to launch Sampath Bank’s Annual Report.

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