Branch Expansion

Feb 25, 2010 (LBO) – Sri Lanka’s HSBC unit has opened a new branch in the capital Colombo pushing the total up to 15, within weeks of starting a new branch in the northern Jaffna peninsular. The new branch in Maitland Crescent in the upmarket Cinnamon Gardens or Colombo 7 area also has a ‘premier centre’ targeting high net worth clients. HSBC also has another dedicated premier centre in Colombo.

The bank can also be accessed through 156 local post offices and at over one thousand third party outlets, such as Cargills, Singer, NSB, Abans, Commercial Bank and Lanka Bell, for credit card payments and cash and cheque deposit services.

“The Cinnamon Gardens branch is conveniently located to serve customers with a spaciously designed banking area that conforms to the latest group standards,” HSBC Sri Lanka chief Nick Nicolaou said in a statement. A ramp has also been installed to help disabled people, enter the branch, a feature that is present in all HSBC branches.