Trade Finance Association of Bankers holds 25th AGM for 2022/2023

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The Trade Finance Association of Bankers (TFAB) held its 25th Annual General Meeting on the 9 March, 2022 at the Rainbow Room, Grand Oriental Hotel, Colombo.

Lawrian Somanader – Chief Manager – Heads the Exports at Commercial Bank of Ceylon PLC was unanimously elected as the President of the Association for the second consecutive year 2022 / 2023. He holds a Master’s in Business Administration from UK and is a Certified Trade Finance Professional (CTPF) from International Chamber of Commerce (ICC) Paris. He is also a member of the Institute of Bankers of Sri Lanka. He counts over 30 years of banking experience that includes 28 years in International Trade-related services Imports and Exports at Commercial Bank of Ceylon PLC. He also had the opportunity of working at the Corporate Credit banking division and having served in a Branch during his banking career. Mr. Somanader had held many responsible positions in the Trade Finance Association such as the Senior Vice President and the Treasurer of the Association.

The newly appointed President, in his speech, pointed out the role played by the TFAB to the banking industry during its last 24 years of existence. It is envisaged that the TFAB will continue to play its pivotal role of developing people by enhancing the knowledge and sharpening the skills of trade practitioners involved in Imports and Export business.

Despite the current economic crisis and the highly volatile exchange rate International Trade will continue to grow in importance as businesses and banks view this segment as the key contributor to their overall performance. He further stated that the knowledge imparted by TFAB by way of trade seminars, workshops, quiz competitions, trainings and knowledge forums to its membership was commendable

Finally, he thanked the previous presidents for their leadership and thanked the membership for electing him to steer the association. He pledged his commitment towards the betterment of TFAB.