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Top from left: Sampath Bank (SB) Head of Network Service Centre Nalin Liyanage, SB Manager Transaction Banking and Trade Solutions Hasika Kularatne, CDS Senior Assistant Manager Demat Compliance and Risk Ruchira Jayasinghe, CSE Assistant Manager Group Compliance Operations Trishanie Alexander, CSE SVP Legal Enforcement and Compliance Lankesha Molligoda and CDS Senior Assistant Manager/Project Lead Depository Operations and Research and Development Strategy Vindhya Colombage
Bottom from left: CDS Senior Assistant Manager Corporate Solution and CRM Hemal Weerasinghe, CDS Head Nadeera Athukorale, CSE SVP Finance and Administration Kusal Nissanka, CSE Chief Market Operations Officer Chandrakanth Jayasinghe, CSE CEO Rajeeva Bandaranaike, SB MD Ayodhya Iddawela Perera, SB Chief Strategy Officer Sanjaya Gunawardana, SB DGM Transaction Banking and Inward Remittances Rajendra Ranasinghe, SB Manager Transaction Banking Bhathiya Hettiarachchi and SB Manager Transaction Banking, Cash Management and Integrations Nileesha Ponnamperuma
The Central Depository Systems (Pvt.) Limited (CDS) and Sampath Bank PLC have entered into a significant partnership to enhance the efficiency of dividend disbursement services for the listed companies on the Colombo Stock Exchange (CSE).
By combining their expertise, CDS and Sampath Bank aim to strengthen the capital market infrastructure and enhance the experience for the listed companies and investors.
This collaboration is formalised through a service agreement, under which Sampath Bank will provide its Total Dividend Solution via the Cash Management Suite under Transaction Banking and CDS will utilise this solution for its clients. This solution will enable the listed companies on the CSE to seamlessly handle their dividend pay-outs, offering multiple options for disbursements, including electronic fund transfers, cheque processing and other customised methods. The partnership represents a crucial step in improving the dividend distribution process for companies and enhancing their overall investor relations.
CSE CEO Rajeeva Bandaranaike remarked, “This collaboration provides the listed companies and their shareholders with a modern, efficient solution. For companies, it allows them to focus on their core operations while streamlining the administrative process. Shareholders will benefit from quicker, direct transfers, reducing delays and errors. This partnership sets a new standard for dividend distribution in Sri Lanka, further supported by similar agreements with other leading commercial banks.”
Sampath Bank Managing Director Ayodhya Iddawela Perera commented, “We are proud to partner with CDS to offer a seamless and efficient dividend pay-out solution. This collaboration reinforces our commitment to providing innovative cash management solutions that support the evolving needs of Sri Lanka’s capital market. Together, we aim to enhance the experience for listed companies and their investors, driving forward the growth of our financial ecosystem.”