First Steps

The Hapag-Lloyd delegation including, Capt. Prateek Gandhi – Director Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Faheem Mir – Manager - Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Lalith Witanachchi – Vice President, Hapag-Lloyd Lanka (Pvt) Ltd, Mr. Mindaka Dassanayake – General Manager, Hapag-Lloyd Lanka (Pvt) Ltd.,Mr. Rohan Ranasinghe – Terminal Operations Manager, Hapag-Lloyd AG and Mr. Iqram Cuttilan – Managing Director, Aitken Spence Shipping Ltd poses for a pic with SLPA’s Chairman -Admiral Sirimewan Ranasinghe and the Managing Director - Eng. Ganaka Hemachandra. SLPA's Vice Chairman - Eng. Herath M.P. Jayawardhana, Director (Operations) - Mrs. G. Zavia Miskin and Director (Marketing and BD) - Mr. H J K U Kumara are also present.

The bank quote s CEO Nihal Jayawardene declined to give the quantum required, but said they were on the look out to private investments.



rnrnMERC Bank plans to achieve a break even by mid 2003 and current performance is in line with the target, Jayawardene told Lanka Business Online in an interview.

rnrnThe bank is expecting to record a net loss of around Rs. 80 mn for 2002, after embarking on a branch and ATM expansion drive to boost its retail deposit base.

online pharmacy buy spiriva inhaler with best prices today in the USA

rnrnMERC is looking at opening two to four branches and a further four ATMs later this year.

rnrnldblquote We are currently focusing mainly on trade finance facilities due to resource constraints. Once we establish a stable retail deposit base, we will venture into term lending for which there is a demand from our existing customers dblquote , Jayarwardene said.

rnrnDespite maintaining a very low-key operation, MERC bank quote s deposit base has grown by Rs. 369 mn to Rs. 600 mn during the year 2001. It plans to further expand this base by intr

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x