Nations Trust Bank Strengthens SME’s With Innovative Services

Nations Trust Bank Strengthens SME’s With Innovative Services

27th July 2016

Nations Trust Bank continues to strengthen their on-going support for the growth and development of Small and Medium Scale (SMEs) Enterprises in Sri Lanka. With the introduction of the ‘Nations Business Conference,’ a strategic initiative under SME business solution, it creates a platform for interaction and idea sharing for SMEs. First round of SME seminars were conducted in Ratnapura, Panadura, Matale, Maharagama and Jaffna during the first quarter of 2016. Learning the must-do’s on growing their businesses effectively was a key component of these seminars which resulted in an encouraging participation from the region.

Currently SMEs play a key role in the country’s economy, by contributing to economic growth whilst providing an essential source of employment opportunities. The full potential of SMEs can be realized by empowering them with financial advice, human and financial capital and technical skills. 

“At Nations Trust Bank, we realize the true significance of SME’s on our economy and thus have created a culture that supports entrepreneurial development,” said Mr. Jayathilake Bandara Deputy General Manager Small and Medium Enterprises at Nations Trust Bank. “Our SME value proposition comprises of broadening the economic impact of our activities through consumer education and enterprise development. Our services aim to provide solutions that go beyond the best financial solutions,” he added.

Nations Trust Bank’s offers customized portfolio of products to suit the varying requirements of the SME customers. A novel feature of Nations product for this segment is that customer compensation is received via reward schemes for completed business transactions. Moreover, the bank offers dedicated relationship services to customers in line with the banks association with reputed entities including International Finance Corporation (IFC), German Development Cooperation (GIZ) and Central Bank of Sri Lanka (CBSL), thus providing easy and flexible financing solutions. 

Nations Trust Bank will continue to focus on improving customer engagement at all levels and will support diverse businesses of the customers.