Seylan Bank PLC aligned to a strategic partnership with the Central Depository Systems (Pvt.) Limited (CDS), the wholly owned subsidiary of the Colombo Stock Exchange (CSE), through the signing of a Memorandum of Understanding (MoU) aimed at enhancing investment accessibility for non-resident investors.
The MoU enables prospective non-resident individual investors collaborating with Inward Investment Accounts (IIAs) to conveniently channel their investments into Sri Lanka’s capital market. This enables investors to manage investments and repatriate returns with ease. Through their partnership, Seylan Bank aims to further strengthen its role in supporting Sri Lanka’s capital market ecosystem by offering efficient banking solutions that meet international investor needs.
The ceremony took place at the Colombo Stock Exchange at World Trade Centre, with representatives from both institutions in attendance with Seylan Bank Deputy General Manager–Retail Banking Eugene Seneviratne, Chief Information Officer Harsha Wanigatunga, Assistant General Manager–International Dilan Wijegoonawardena, Senior Manager–International Financial Services Nalin Nissangaratchie and Manager–Retail Remittances Nishantha Peiris.
CSE and CDS attendees included CSE Chief Executive Officer Rajeeva Bandaranaike, Chief Market Operations Officer Chandrakanth Jayasinghe, Head of CDS Nadeera Athukorale, including other senior representatives.
Seylan Bank Deputy General Manager–Retail Banking Eugene Seneviratne stated: “Seylan Bank is proud to collaborate with CDS and CSE in streamlining investment access for non-resident investors. This initiative aligns with Seylan Bank’s commitment to digital transformation and financial inclusion, while contributing to strengthening foreign investor convenience in Sri Lanka’s capital markets.”
Commenting on the partnership, Seylan Bank Chief Executive Officer–CSE Rajeeva Bandaranaike said: “This collaboration with Seylan Bank further enhances the convenience of onboarding for investors. The ability to complete the opening of the CDS account through the CSE mobile app is an important step towards creating a more accessible and investor-friendly market environment.”