Sarvodaya Development Finance: Unfolding the success story of a pioneer in microfinance

Sarvodaya Development Finance Ltd (SDF), a brainchild of the globally renowned Sarvodaya Movement, is a financial firm specialised in empowering the grassroot communities with financial solutions. Staying abreast of modern technology and innovation, SDF has created new avenues and continuously supported the growth of aspiring micro, small and medium entrepreneurs throughout the island. In 

Dimo partners HNB to enable Mercedes-Benz and Jeep purchase solutions

Once again demonstrating their strong commitment towards customer-focused service, Diesel and Motor Engineering PLC (Dimo) announced a partnership with Hatton National Bank (HNB) that will provide faster, easier, and more accessible leasing options for clients purchasing Mercedes-Benz vehicles.

HNB rolls out 600th smart self service sachine

HNB PLC announced further expansion to its cash withdrawal and deposit touch-points, providing customers with more convenience to make cash withdrawals and deposits.

ComBank sets new ATM withdrawal record in December 2017

The Commercial Bank of Ceylon dispensed an astounding Rs.50.769 billion in cash through its automated teller machines (ATMs) in December 2017, setting a new record and achieving an important milestone in such disbursements.

CDB expands wings with launch of latest branch in Ampara

Having carved its name as a business entity that proudly upholds the vision of being a financial powerhouse that will foster entrepreneurial innovation and workmanship, Citizens Development Business Finance PLC (CDB) opened its newest branch in the city of the Eastern province of Sri Lanka Ampara.

Multi Finance PLC wins big at Annual Report Awards 2017

Sri Lanka’s trusted financial solutions provider, Multi Finance PLC (MFPLC) was honoured with the Award for Compliance at the recently concluded 53rd Annual Report Awards organised by the Institute of Chartered Accountants of Sri Lanka.

Nations ATM user surprised with brand new iPhone X

Every customer who withdrew cash at any Nations Trust Bank ATM during the last weekend of December 2017 was entered into a lucky draw to win a brand new Apple iPhone X.

LOLC Al-Falaah wins big at IFN Best Banks Poll 2017

LOLC Al-Falaah was awarded winner of the ‘Best Islamic Bank’ category for Sri Lanka in the ‘IFN Best Banks Poll 2017’ according to the results published by IFN recently.

HNB organises walk for priority customers to launch ‘HNB Fit’

HNB’s Green Path Customer Centre recently organised a walk for it’s fitness-conscious, ‘Priority Club’ customers, encouraging them to earn higher interest rates on their accounts, based on the number of steps taken.

People’s Bank gifts newborns to celebrate 70th Independence

Commemorating Sri Lanka’s 70th National Independence Day, the head office and all People’s Bank branches organised Independence Day celebrations islandwide.

Union Bank mobile app drives new era of digital banking

Since the launch of its mobile application last year, Union Bank has made great strides in popularising the concept of digital banking through its mobile app, with the aim to offer an easy, quick and convenient banking experience to its clients.

People’s Bank achieves highest ATM transactions during festive season

People’s Bank reported an unprecedented value of cash transactions via its ATMs during the recently concluded December festive season where the total transaction volume reached nearly Rs.42 billion through the massive network of 500 ATMs operating round the clock, islandwide.

CLC launches range of smart savings solutions

Commercial Leasing and Finance PLC (CLC) has launched a range of savings account solutions that have been touted to be the smartest, safest and most convenient way of saving and accessing day to day financial needs, whilst providing the ability to benefit from increasingly high returns.

NDB Araliya to strengthen and support women in fulfilling ambitions

NDB believes that women are the real architects of society, often carrying a load far greater than possible- whether they’re mothers, sisters, or wives, and therefore NDB has designed ‘Araliya’, a savings account which will support women in fulfilling their ambitions.

Combank receives Best Green Bank and Best Private Bank awards

The Commercial Bank of Ceylon recently received the awards for ‘Best Green Bank’ and ‘Best Private Bank’ in Sri Lanka presented by International Finance Magazine (IFM) of the UK, at the magazine’s annual awards held this year at Marina Bay Sands, Singapore.

CDB Corporate Finance strengthens SMEs with dynamic value added services

Sustaining and developing Sri Lanka’s Small and Medium Enterprises (SMEs) is critical in generating economic growth and prosperity.

HNB enhances seven-day banking by adding personal financial loan services

Bringing greater convenience to their weekend banking customers, Sri Lanka’s largest private sector commercial bank, HNB PLC, added personal financial services to their already existing seven-day banking customer centres.

BOC Ran Kekulu launches special gift scheme for Grade 1, preschool entrants

Bank of Ceylon (BOC) shares the joy of a new beginning with a special gift scheme for BOC Ran Kekulu Grade 1 and preschool entrants to boost enthusiasm as they step into school. 

IASL says Life Insurance Sales Awards will raise industry standards

The Insurance Association of Sri Lanka (IASL) declared the lunch of Life Insurance Sales Awards 2018 at a press briefing held this week.

New Foreign Exchange Management Act makes cross-border transactions easier: PABC official

Sri Lankans living both locally and abroad should use the relaxation of foreign transactions through the new Foreign Exchange Management Act for investment and financing requirements, a banker said recently.

LOLC Insurance promotes healthy lifestyles

The insurance arm of the LOLC group is actively promoting health and wellness amongst its staff as well as amongst the public. Both LOLC Life Assurance and LOLC General Insurance joined hands to organise ‘Walk for health 2018’, which commenced from the LOLC Insurance head office premises located at No. 481, T.B. Jaya Mawatha (Darley Road), Colombo 10. 

NDB Salary Max provides salary advance in 15 minutes

Urgent monetary requirements come unplanned and often, we find ourselves in need of quick cash. National Development Bank PLC (NDB) now provides you with the opportunity of receiving a salary advance in just 15 minutes via a simple phone call.

Ceylinco Life urges Sri Lankans to put ‘Children First, Education Next’

Ceylinco Life’s continuing emphasis on the importance of families spending quality time together has found new expression in the latest communication campaign launched by Sri Lanka’s life insurance market leader.

Lines of defense in risk management

Risk management in banks can be simple if every in house managerial pillar of the organizational structure does its job effectively and is sensitive to risk. 

NDB provides gift vouchers with ‘Ran Naya’ service

NDB’s ‘Ran Naya’ pawning service now offers customers gift vouchers for transactions ranging from Rs. 50,000 and above.

Harris retires; Rangamuwa appointed Pan Asia Bank Deputy Chairman

Harris Premaratne has retired from the board of Pan Asia Banking Corporation PLC as the Deputy Chairman with effect from January 28 on reaching 70 years of age as per the corporate governance rules of the Central Bank of Sri Lanka.

DFCC Bank opens full service branch in Nivithigala

DFCC Bank opened a new branch at Nivithigala recently, thereby growing their network to 138 fully-fledged branches across the country. 

NDB Wealth says to plan for financial independence this February

As Sri Lanka marks its 70th Independence Day, financial planner NDB Wealth is asking all Sri Lankans to take the first real step towards planning for their own financial independence. 

SDB Batticaloa branch shifted to new location

Batticaloa branch of the SDB bank relocated to its new premises on 22ndJanuary.

Euromoney names HSBC as world’s top trade bank

HSBC has emerged as 2018’s big winner of the Euromoney Trade Finance Survey 2018.