Seylan Bank PLC is a publicly owned Commercial Bank in Sri Lanka. It has branches in both urban and rural areas of Sri Lanka. Seylan bank had 170 banking centres[2] island-wide, 3173 staff members (as at 1st August 2024), an ATM network of 182 units covering crucial locations, 11 branches providing 365-day banking[3] in 2020. The bank was formed as a licensed commercial bank incorporated with a shareholder base.
History
Seylan Bank was incorporated on 28 August 1987 as a Public Limited Liability Company and the founder chairman was Dr. Lalith Kotelawala. It established its first subsidiary, Seylan Merchant Bank Limited, in 1992. A second subsidiary, Ceylinco Seylan Development Limited[4] was also established in 1992, primarily for the purpose of constructing the Bank's head office building, Ceylinco Seylan Towers.
Seylan Bank introduced Sri Lanka's first homegrown credit card and they also had a partnership deal with Western Union.[5]