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Last Updated : 2024-04-19 17:29:00
Sampath Bank PLC yesterday said it purchased 2.88 percent shares of Sampath Centre Ltd, a company in the business of renting commercial property, making it a fully-owned subsidiary of the bank.
Sampath Centre Ltd owns and manages the building at No: 110, Sir James Peiris Mawatha, Colombo 2, where Sampath Bank head office is located.
In 2015, a rental income of Rs.260 million was earned by the company for the 166,899 square feet of floor space rented out to the head office, Sampath Bank annual report stated.
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