What Cargills Bank does

Cargills Bank PLC is a licensed commercial bank in Sri Lanka founded in 2014 and headquartered at No. 696, Galle Road, Colombo 03. The bank operates a distinctive distribution model in which banking services are delivered through more than 530 Cargills supermarket outlets operating 365 days a year from 8 AM to 10 PM, supplemented by traditional branches, ATMs, internet banking and a mobile banking application. This supermarket-banking footprint is the defining feature of the bank's go-to-market, providing extended-hours access in retail locations across Sri Lanka and a cost-shared infrastructure base that pure-play competitors cannot easily replicate.

The bank offers a full suite of retail and corporate banking products. Retail offerings include segmented savings accounts (High Return Saver up to 6%, salary account, women's account, children's and teens accounts, senior citizen account, foreign currency accounts), fixed deposits (1-year maturity at 10%), personal, home, vehicle and gold-backed loans, and four Mastercard credit card tiers (Gold, Titanium, Platinum, Ascend) plus a Tapit contactless sticker and Sri Lanka's first Ocean Plastic Debit Card launched in April 2026. Corporate and SME offerings include business current accounts, trade services, treasury products, and a Business Revival Unit for restructuring. Revenue is generated through net interest spread on loans and deposits, card transaction fees and interchange, credit card interest, remittance fees, trade finance commissions, and merchant services.

For the quarter ended 31 March 2026 the bank reported a profit after tax of Rs. 105 million, a 6% (Rs. 3.8 billion) expansion of its net loan book versus December 2025, and a Total Capital Ratio of 19.01%, well above regulatory thresholds. The bank carries a Fitch national rating of A(lka) and operates under Sri Lanka's Personal Data Protection Act No. 9 of 2022. Ownership within the broader Cargills Group is referenced but not disclosed in detail, and the bank is treated as a privately held Public Limited Company with no stock exchange listing evidenced.

Name

Cargills Bank

Legal name

Cargills Bank PLC

Website

https://cargillsbank.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Cargills Bank PLC is a Sri Lankan commercial bank operating through more than 530 supermarket banking outlets. It serves retail consumers, SMEs, and corporate clients with savings, loans, credit cards, trade finance, and digital banking services across Sri Lanka.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), Personal Credit Institutions (6141)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), Credit Cards & Revolving Credit (FSABAAAC), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Retail banking
• Commercial banking
• Supermarket banking
• SME lending
• Digital payments

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income from Loans: Traditional banking revenue from interest charged on personal loans, home loans, vehicle loans, gold loans, and business loans
2. Deposit Interest: Interest paid to customers on savings accounts, fixed deposits, and current accounts
3. Credit Card Services: Revenue from credit card transactions, annual fees, and interest on outstanding balances on Gold, Titanium, Platinum, and Ascend credit cards
4. Card Transaction Fees: Fees from debit card transactions and merchant services
5. Remittance Services: Fees for domestic and international money transfers
6. Trade Services: Trade finance services including letters of credit and guarantees for corporate customers

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Cargills Bank is a Sri Lanka-licensed commercial bank that delivers retail, SME, and corporate banking through a distinctive supermarket-banking model anchored at 530+ Cargills supermarket outlets operating 365 days from 8 AM to 10 PM. Its product suite spans savings and current accounts, fixed deposits and investment plans, personal/home/vehicle/gold/property loans, Mastercard-branded credit and debit cards (including Sri Lanka's first Ocean Plastic Debit Card), trade finance, treasury products, and digital banking via internet and mobile channels.

Product overview

Cargills Bank is a Sri Lankan retail and corporate bank offering a comprehensive suite of financial products and services. The bank operates as a single-brand multi-product institution with offerings organized into Savings Accounts (High Return Saver, Salary Account, Women's accounts, Children's and Teens savings), Investment products (Fixed Deposits, Kotipathi Investment Plan, Wishrama Fixed Deposits), Loan products (Personal, Home, Vehicle, Gold Loan Pawning, Wishrama Personal Loans), Credit Cards (Gold, Titanium, Platinum, Ascend tiers), Debit Cards including Sri Lanka's first Ocean Plastic Debit Card made from recycled ocean plastic, and Digital Banking services (Internet Banking, Mobile Banking, Remittances, Utility Payments). The bank also serves Corporate and SME clients through dedicated business banking units, Trade Services, and Treasury products. Banking services are accessible at over 530 supermarket outlets operating 365 days, reflecting the bank's unique retail integration strategy.

Differentiator

Problem solved

Functional benefit

Products and services

• High Return Saver

Quantifiable outcome

• Profit after Tax of Rs. 105 Million for Q1 2026
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Lake House Printers and Publishers PLCcoreStrategic or Co-development Partner · 7 April 2026Partnership for production of Sri Lanka's first Ocean Plastic Debit Card made from recycled ocean-bound plastic sourced from the Indian Ocean region including the Maldives and the Dominican Republic. Lake House Printers manufactured the sustainable debit cards.
• MastercardcoreTechnology or Integration · 7 April 2026Payment technology partnership enabling the Ocean Plastic Debit Card with Mastercard's payment infrastructure, allowing cardholders to make transactions globally at any Mastercard acceptance point.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Pan Asia Banking Corporation PLC: Smaller Sri Lankan commercial bank with retail deposits, loans, and SME offerings, comparable in scale to Cargills Bank and serving a similar mass-market retail customer base.
• Sampath Bank PLC: One of Sri Lanka's largest privately-owned commercial banks, offering retail deposits, loans, credit cards, and SME/corporate banking directly comparable to Cargills Bank's product suite, but at significantly larger scale.
• Nations Trust Bank PLC: Mid-sized Sri Lankan commercial bank with retail, SME, and corporate offerings and a strong credit-card franchise (including American Express partnership), most directly comparable to Cargills Bank by scale and segment focus.
• Commercial Bank of Ceylon PLC: Sri Lanka's largest private commercial bank, providing retail deposits, credit cards, loans, and corporate banking directly comparable to Cargills Bank's offerings, serving as the benchmark scale peer in the market.
• DFCC Bank PLC: Sri Lankan development and commercial bank providing retail, SME, and corporate banking including trade services and treasury, with comparable product breadth to Cargills Bank.
• Seylan Bank PLC: Sri Lankan commercial bank offering retail savings, loans, credit cards, and corporate/SME banking, with similar multi-segment coverage to Cargills Bank and overlapping customer profiles.
• Hatton National Bank PLC (HNB): Major Sri Lankan commercial bank with overlapping retail, SME, corporate, trade finance, and treasury services, and similar segment targeting to Cargills Bank, though with a much larger branch and digital footprint.

Regional players

• National Savings Bank (Sri Lanka): Sri Lankan state-owned savings institution focused on retail deposits and savings products, competing directly with Cargills Bank for mass-market consumer deposits and savings accounts within the same domestic market.

Broad incumbents

• Bank of Ceylon: Sri Lanka's largest state-owned commercial bank with the widest branch network and full retail, SME, and corporate offering; competes head-on with Cargills Bank in deposits and consumer lending, but at much greater scale and with state backing.
• People's Bank: State-owned Sri Lankan commercial bank with a national branch network and broad retail/SME/corporate offering, providing incumbent scale competition to Cargills Bank across consumer and SME segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cargillsbank
• YouTubeyoutube.com/user/CargillsBank
• Facebookfacebook.com/CargillsBank1
• LinkedInlinkedin.com/company/cargills-bank
• Instagraminstagram.com/cargillsbanklk
• TikToktiktok.com/@cargillsbank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cargills Bank