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Standard Chartered accelerates COVID-19 vaccination efforts in Sri Lanka - Adaderana Biz English


Standard Chartered accelerates COVID-19 vaccination efforts in Sri Lanka
June, 14, 2021
Standard Chartered Sri Lanka has successfully financed the import of 4 million COVID-19 vaccine doses for the State Pharmaceuticals Corporation by facilitating a trade loan to the Bank of Ceylon and People’s Bank, the Bank announced recently.
In efforts to expedite the nation’s vaccination programme during the latest wave of the COVID-19 pandemic, Standard Chartered worked closely with the two leading state-owned banks to facilitate prompt and efficient trade financing solutions to help accelerate the invoice processing and payments to purchase the vaccines.
“Across the globe, Standard Chartered has been in the forefront to help local communities to fight the Coronavirus pandemic so that the world can look forward to a better tomorrow. When the first wave hit Sri Lanka last year, Standard Chartered made a much-needed donation of USD500,000 to the Sri Lanka Red Cross Socie ....

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Standard Chartered serves as exclusive financial advisor to MAS Holdings in divestment of attune Consulting to Rizing - Adaderana Biz English


Standard Chartered serves as exclusive financial advisor to MAS Holdings in divestment of attune Consulting to Rizing
May, 12, 2021
Standard Chartered Sri Lanka recently supported MAS Holdings to achieve one of its long-term strategic initiatives by identifying a suitable partner for its subsidiary, attune Lanka (Private) Limited. After a thorough evaluation conducted by the Bank’s Mergers & Acquisitions (M&A) team to identify a potential investor, MAS Holdings concluded the transaction with Rizing, a privately held, US-based boutique firm specialising in providing SAP solutions for Consumer Industries, Enterprise Asset Management and Human Capital Management worldwide, on 4
th May 2021.
Commenting on the Bank’s role as the sole financial advisor for this transaction was Bingumal Thewarathanthri, Chief Executive Officer, Standard Chartered Sri Lanka. “At Standard Chartered, we are committed to continue strengthening our relationships with clients by supporti ....

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