Daily News Online

Tuesday, 18 October 2005



Credit Suisse Bank to build village in Galle

Governor, Southern Province Kingsley T. Wickramaratne making a presentation to Arjuna Mahendran of Credit Suisse, Singapore. Regina Hempen of Credit Suisse, Zurich and the Governorís Secretary, A. Samarasinghe were present.

Twenty top executives of the Credit Suisse Bank, Zurich from the branch headquarters in USA, London, Germany, Hong Kong, Singapore and Switzerland visited Galle recently. They met Governor Southern Province Kingsley T. Wickramaratne to discuss the building of houses for tsunami affected families.

They have already funded the building of 30 houses in Dadalla, Galle.

The visit to the Southern Province was co-ordinated by Chief Economist and Strategist for Asia Pacific Branch of the Credit Suisse Bank Arjuna Mahendran based in Singapore.

At the meeting held at the Governor's office in Galle, Director General of the Project "Greater Galle New Township" Ashley de Vos made a presentation of the Master Plan, a concept of President Chandrika Bandranaike Kumaratunga.

The leader of the group Ms. Marie Burke who heads the Credit Suisse in London said, "The Credit Suisse Foundation has allocated 15 million US dollars for Thailand, India and Sri Lanka for the tsunami affected families and that 75% of the budget is for Sri Lanka.

They undertook to build a village within the "Greater Galle Master Plan" with 30 houses, a pre-school, school, community development centre, swimming pool and playground and on the request of Governor Wickramaratne they agreed to extend credit facilities with easy access to Hotels in the Southern Province with a grace period of 2 years through the People's Bank.



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