The Bank’s primary lines of business are Corporate Banking, Branch and SME Banking, Small Business Enterprise Banking, Business Banking, Consumer Banking, Treasury and International Banking. The business lines are complemented by its subsidiaries, a joint venture and an associate company for services in consultancy, information technology, industrial estate management, investment banking and fund management.
The Bank offers the full range of development and commercial banking solutions through its growing island-wide branch network.
Product/Service | Target Segment |
Project loans funded by credit lines
Saubhagya |
Small and Medium Enterprises (SMEs) |
New Comprehensive Rural Credit Scheme | Short-term cultivation |
Miridiya (Aquatic Resources Development Revolving Fund) | Freshwater fish and prawn production, nurseries, processing plants, ornamental fish, aquatic plants, tissue culture and ornamental aqua plants Targeted Districts: Anuradhapura, Ampara, Badulla, Batticaloa, Hambantota, Kurunegala, Matale, Moneragala, Nuwara Eliya, Polonnaruwa, Puttalam, Ratnapura, Trincomalee and Vavuniya |
Self-employment Promotion Initiative Loan Scheme | Vocational qualification holders |
Working capital loan scheme for registered tea factories | Registered tea factories |
SMILE III Revolving Fund | SMEs |
Commercial Scale Dairy Development Loan Scheme (CSDDLS) | Dairy sector |
Dasuna Revolving Fund Phase II | SMEs in the Southern Province |
Small and Medium Sized Enterprises Line of Credit (SMELoC) | SMEs |
Swashakthi (Micro and Small Enterprises Development Loan Scheme) | Micro and small enterprises |
Other project loans
Term loans |
Corporates, SMEs, professionals and individuals |
Working capital financing
|
Current account holders, corporates, SMEs and entrepreneurs Corporates, SMEs and entrepreneurs |
Leasing facilities
‘Easy Leasing’ facilities for brand new and unregistered/registered vehicles, machinery, plant and equipment |
Corporates, SMEs, entrepreneurs, professionals and individuals |
Hire purchase facilities
Hire purchase facilities for vehicles |
Corporates, SMEs, entrepreneurs, professionals and individuals |
Guarantee facilities
Bid bonds, advance payment bonds, performance bonds, bank guarantees for credit purchase of goods |
Corporates, SMEs, entrepreneurs, professionals and individuals |
Time deposits
A wide range of tailor-made time deposit products at competitive interest rates |
Corporates, SMEs and individuals |
Loan syndication
Loans provided by a group of lenders which is structured, arranged and administered by one or several banks |
Corporates |
Consultancy and advisory services
Provision of legal, tax, finance, market and other advisory services to start up a new business or revamp existing businesses |
Corporates, SMEs and entrepreneurs |
Savings facilities
Supreme Vaasi – Offers a superior rate of interest |
Businesses and individuals aged 18 years and above |
Mega Bonus – Interest rates grow in tandem with the savings deposits | Businesses and individuals aged 18 years and above |
Xtreme Saver - Offers the highest interest rate for LKR and Dollar denominated savings based on the account balance | Businesses and individuals aged 18 years and above |
Vardhana Junior – Children’s savings account offering a range of gifts and support for higher education | Children below 18 years of age |
Vardhana Junior Plus – Children’s savings account with a higher interest rate | Children below 18 years of age |
Vardhana Garusaru – Offers an attractive interest rate with a range of other benefits | Senior citizens above 55 years of age |
Personal loans
Loans that help meet personal financing requirements |
Self-employed individuals, professionals and salaried individuals |
Salary Booster
Overdraft facility that allows an advance of up to 90% of a month’s salary |
Salaried individuals |
Pawning services
Ranwarama Pawning – Gold-pledged advances |
Mass market/individuals |
Housing loans
Sandella – Flexible and convenient housing loans at affordable rates |
Self-employed individuals, professionals and salaried individuals |
Education loans
Vardhana Nenasa – Flexible and convenient loan facilities for higher education |
Individuals pursuing higher studies |
Other facilities
Includes a range of products and services such as current accounts, overdraft facilities, foreign currency accounts, credit card facilities, Vardhana Virtual Wallet, gift certificates, international trade services, off-shore banking, international payments, bancassurance, foreign money transfer via Western Union/Lanka Money Transfer and local payments. |
Business community, entrepreneurs, professionals and individuals |