Corporate position of leadership in the market. Further

Corporate StructureSampath Bank PLC is renowned for its pioneering role played in the banking industry and rated as a top-tier private banks in the country. Bank has commenced its operations in year 1987. Current market capitalization is Rs 51,262 Million and now own four subsidiaries in par with its corporate level growth strategies. Foundation of the corporate strategy is innovation and service differentiation which lead the bank, continue to enjoy a position of leadership in the market. Further its sustainability framework include three pillars where the success is built they are namely people, planet and profit. Corporate CultureBank is committed to create a learning culture which promotes individual and organizational development, encourage teamwork, Open to feedback, uncompromised ethical/ professional standards, promote continuous improvements and innovations. BOD of the bank believes that there greatest treasure is tied up with the human capital and the high quality management staff. Staff is composed of executives followed by secretaries who have been carefully hand picked and remunerated above industry norms. Team of Sampath Bank is energetic and young, flexibility for change is an attitude which they value the most since it will help pursue vision and mission of the bank.Corporate objectives of the bank “Employ development and retain a self-motivated group of employees who themselves enforce high standards of performance”.Corporate ResourcesMarketingSampath Bank was recognized as the “Best Bank in Sri Lanka 2016” – awarded by the prestigious Business Magazine “Euromoney”. ‘Best Commercial Bank 2016’ and ‘Best Retail Bank 2016’ in Sri Lanka awarded by the UK based World Finance Magazine, for the third consecutive year. FinanceGross income of the Group was Rs 70,445,341,000/- while the Bank’s gross income was Rs 67,584,689,000/- in year 2016. Market capitalization is Rs 51,262 Million.Research and DevelopmentIn-house developers who are committed to create better User Interfaces for customers and ensure security in transactions.Runner-up award in the Customer Service Innovation category for the ‘Instant Loan Application’ developed in house.Operations and LogisticsAt the end of year 2016 bank have 229 branches and 381 Atm’s, to cater the need of the growing customer base. (3,659,737 customers-2016)Human Resource ManagementRemuneration above norms, rewards and recognition, Training and development, Leadership development, Employee engagement, Diversity and inclusion Safety and wellness.Information TechnologiesSampath Information Technology Solutions Ltd fully own subsidiary of the bank create platforms for technological advancements. Few of them are listed below.Sampath Missed Call Banking – Fetch bank balances of accounts.(National Best Quality Software Awards (NBQSA) – 2016 – Silver Award)Sampath Pay EasySampath Bank Secure Payment GatewaySampath Instant Loan Facility’ which allows customers to obtain a loan instantly without ever visiting a branch.ReferencesWebsite title:Sampath.lkURL:https://www.sampath.lk/images/annual_reports/ar2016.pdfWebsite title:Sampath.lkURL:https://www.sampath.lk/images/content/ifs-31-03-2017.pdfWebsite title : Sampath.lkURL: http://www.sampath.lk/images/annual_reports/ar2014.pdf