Eastman Narangoda

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Eastman Narangoda is the current Chairman of George Steuart Finance & former Chairman of Seylan Bank of Sri Lanka.^[1]

Early life and education[]

After receiving his education from Nalanda College Colombo, he entered University of Ceylon, Peradeniya graduating with a Special BA Degree in Economics (specializing in banking & currency). He excelled^{[peacock term]} in sports at Nalanda being a fine^{[peacock term]} cricketer representing First XI during 1965 to 1967.^[2][3]

Career[]

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Later after graduating with an Economics Special Degree he joined National Savings Bank as an executive in 1975. Before being appointed to the current position he has been the General Manager / Chief Executive Officer for over five years for National Savings Bank (Sri Lanka).

Eastman is a council member / fellow of Association of Professional Bankers of Sri Lanka and Sri Lanka Institute of Training and Development.

Instrumental in Seylan Bank’s growth[]

Narangoda was a talented high qualified veteran^{[peacock term]} in the banking industry who was also instrumental in Seylan Bank's resilient performance after the bank saw almost a collapse that would have affected and ended the growth of the bank.^{[citation needed]} The aggressive approach of the bank and due to the unethical behaviour, frauds and allegations of Golden Key Credit Card Company, which was a subsidiary of Ceylinco Consolidated in early 2000s left the bank in a financial crisis.

The 11 member team which was appointed as the New Director Board by the Bank of Ceylon for the Seylan Bank also consisted of Narangoda. The 11 member team also had Pradeep Kariyawasam, R. Nadarajah. The team managed to rebuild the financial performance of the Bank within a six-month time period where they were also able to do innovations for the development of the Bank.^[4]

Mr. Eastman Narangoda who was a key member in the re-establishment of Seylan Bank thanked all the other members who were contributing to the success of the bank.^[4]

General references[]

• "19 - Seylan Bank, Eastman Narangoda – Chairman". Business Today. Retrieved 4 April 2011.

• "Sri Lanka: Seylan Bank net profit for 2010 up by 126%". Asian Tribune By J.A. Fernando in Colombo. 26 March 2011.