CDS ties up with Sampath Bank to simplify overseas investor onboarding

Sampath Bank Managing Director Ayodhya Iddawela Perera and CSE CEO Rajeeva Bandaranaike sign the MOU

The Central Depository Systems (CDS), a subsidiary of the Colombo Stock Exchange (CSE), has signed an agreement with Sampath Bank PLC to streamline the opening of Inward Investment Accounts (IIAs) for non-resident foreign individuals investing in Sri Lanka.

Under the agreement, the foreign investors will be able to request IIAs directly through the CSE’s mobile application when opening CDS accounts. The two institutions will share applicant data to simplify the setup process, which is aimed at improving market access and bolstering foreign participation in the country’s capital markets.

“By integrating the IIA opening process into the CSE mobile application, we are removing key friction points and offering a faster, more convenient entry for non-resident investors,” said CSE Chief Executive Rajeeva Bandaranaike. 

“At a time when the market offers compelling value and long-term growth potential, streamlining access is critical to attracting increased foreign participation.”

Sampath Bank Managing Director Ayodhya Iddawela Perera added that the partnership reflects our continued focus on enabling progress through meaningful digital solutions. 

“As global investor interest in Sri Lanka grows, it is vital that we offer efficient and secure entry points into our financial system,” she said.

The CDS serves as the custodian and depository for securities traded on the CSE.