Seylan Bank PLC which suffered a setback at the beginning of the current year with a loss of Rs. 18 million resulted in a 13 percent drop in the liquidity ratio when the required liquidity ratio was 20 percent.
At present, the bank has recovered its liquidity ratio up to 22 percent and is looking forward to a public offering under the new management, Senior Manager, Seylan Card Centre, Rasika Dissanayake told Daily News Business.
He said that the bank will go for a public offering to expand the asset base, minimize interest rates and broaden the ownership base especially since the bank has regained public confidence.
Though there were drawbacks in the first two months of 2009, during the 50-day campaign to regain customer confidence we raised Rs. 4 billion in deposits.
Our cardholder customer base has also increased and this has minimized the operational costs worth Rs.860 million, which shows that the bank is in a stable position, he said. The Seylan Titanium MasterCard was issued yesterday to elite customers with a credit limit of Rs.500,000. The cardholders will get free SMS alerts to update the day-to-day transactions.
A free travel and medical insurance cover will also be provided when card members purchase air tickets using the Titanium MasterCard.
With over 25 million merchant outlets where cards could be used for purchases, a 24-hour call centre will be set up at Stanley Tillekeratne Mawatha, Nugegoda.