Muslim Commercial Bank (MCB) has announced that it will open four new branches in Sri Lanka by next year where six branches are already operational.
This makes MCB one of the largest foreign banks in Sri Lanka, quoting a statement APP reported.
It said that the chairman MCB, Mian Muhammad Mansha, called on President Mahinda Rajapaksa, in Sri Lanka and has informed him of his group's interest in participating in the economic development of the country.
The report also said that during the meeting the chairman presented his group's overview, and offered to invest in a number of ventures.
He said that the new branches would be opened at Batticaloa, Kurunegala and in Colombo.
This, he added, would increase the number of MCB branches in Sri Lanka to 10.
Chairman MCB apprised the President of innovative technologies, which are being used by his group.
He assured the President that his group has attained global level efficiency in power generation and would serve the Sri Lankan consumers at competitive rates.
Chairman MCB showed keen interest in setting up hotels in the country that would provide top class services to the tourists visiting the picturesque Island, the APP stated.