SME.LK Partnered with Commercial Bank
Commercial Bank signed a Memorandum of Understanding (MoU) with BellVantage (a subsidiary of Melstacorp PLC, one of Sri Lanka’s premier conglomerates, managing a broad portfolio of businesses) to jointly provide the Bank’s business owners with SME.LK platform, enabling them to efficiently market & sell their production to the end consumers as well as for the wholesale buyers without an intermediary between the seller and the buyer. SME.LK is the only Sri Lankan platform to join with a Sri Lankan Bank providing sellers an online shopping store offering free registration and Zero monthly fee for unlimited number of products for life time. The platform provides a cost-effective & efficient means of marketing, order management, supply chain establishment and payment reconciliation etc. SME.LK facilitates trading clients, producers, manufacturers, whole sellers, SME owners of Commercial Bank to sell their products from their home town, district and across the island.
SME.LK plans to expand the business in future, facilitating Sri Lankan expatriates & overseas buyers to buy Sri Lankan products which help boosting Sri Lankan economy through exports, thus bringing in much needed foreign exchange revenue in to Sri Lanka. Commercial Bank introduced this trading platform initiative in order to create a pathway for Bank’s SME base to develop their businesses fulfilling a national need towards economic uplift during times such as these where the COVID19 pandemic has had a massive impact on businesses around the globe. The Small and Medium Enterprises (SMEs) contribute to almost half of Sri Lanka’s econoomy and provide employment to more than 52% workforce. The SMEs are thus an important part of the ecosystem and it is imperative that they get access to the right infrastructure to grow. This is a great opportunity for Sri Lankan business community to partner with Commercial Bank and enjoy this immense benefit to grow their businesses with SME.LK.
Pictured here at the launch event Mr. Amitha Gooneratne (Chairman of Bellvantage) & Mr. Sanath Manathunge (Chief Operating Officer of Commercial Bank) along with Mr. Hasrath Munasinghe (DGM Marketing), Mr. Delakshan Hettiarachchi (AGM Personal Banking & SME), Mr. Mohan Fernando (Chief Manager SME), Mr. Dilshan Fernando (Manager SME), Mrs. Kamalini Ellawala (Senior Manager Women’s Banking) of Commercial Bank and Dr. Prasad Samarasinghe (MD of Lankabell), Mr. Ajantha Peiris (Director of Bellvantage), Mr. Pathum Samaraweera (AGM of Bellvantage), Mr. Lakmal Wijayarathna (Senior Executive – Business Development) & Mr. Dinuka Samarasinghe of Bellvantage were present.