Sri Lankan Banks Back CEB with Historic Syndicated Loan

COLOMBO (News 1st); Sampath Bank has successfully led a syndicated loan of Rs. 33.5 billion for the Ceylon Electricity Board (CEB), partnering with Nations Trust Bank and Pan Asia Bank.

This landmark financial arrangement is expected to ease CEB’s debt restructuring efforts and support its operational continuity, ensuring uninterrupted power supply across the country.

The initiative underscores the collective strength and strategic role of Sri Lanka’s banking sector in supporting nationally critical institutions.

By spearheading this funding facility, Sampath Bank has reaffirmed its commitment to sustainable development and long-term economic progress, the bank said in a statement. 

Photo Caption: From left to right: Mr. Nihal Fernando, Finance Manager (SM&BSO) – CEB, Mr. Wasantha Edussuriya, General Manager – CEB, Mr. Asanka Palamakumbura, Director – CEB, Mr. Saliya Jayasekera, Vice Chairman – CEB, Mr. Sanjaya Gunawardana, Managing Director & Chief Executive Officer – Sampath Bank, Mr. Lakshan Wanniarachchi, Vice President – Structured Finance and Institutional Banking – Nations Trust Bank, Mr. Gayanath De Silva, Deputy General Manager – Credit – Pan Asia Bank, Mr. Kusal De Silva, Assistant General Manager Corporate Finance – Sampath Bank.