MBSL celebrates dawn of New Year

Merchant Bank of Sri Lanka & Finance PLC (MBSL), a fully-owned subsidiary of the Bank of Ceylon, welcomed 2018 with Buddhist, Christian, Hindu and Islam religious observances to mark the dawn of the New Year. 

Cargills Bank enables online EPF payments for businesses

Cargills Bank signed a Memorandum of Understanding (MOU) with the Central Bank of Sri Lanka (CBSL) on 8 January  2018, enabling services of the Employees Provident Fund (EPF) E-Return System through Cargills Bank’s corporate internet banking. 

Seylan Bank celebrates Thai Pongal

Seylan Bank celebrated the festival of Thai Pongal at their head office recently.  A special religious ceremony was held to invoke blessings on staff and to mark this special occasion. The corporate and executive management together with the staff and a large gathering of customers of Seylan Bank were present at this occasion. 

ComBank achieves another first on LankaPay network

The Commercial Bank of Ceylon has announced that it has enabled its entire automated teller machine (ATM) network to acquire and process ATM transactions through the EMV (Europay, Mastercard and Visa) integrated circuit, becoming the first ATM Network to be fully EMV compliant in Sri Lanka.  

Pan Asia Bank offers higher rate for 4-month fixed deposits

Pan Asia Bank has come out with a short-term fixed deposit promotion which offers a higher annual effective rate of 12.57 percent on 4 month fixed deposits. (Nominal rate 12.08 percent p.a.). Further there is no limitation to the amount one can invest.

Arpico Insurance provides insurance for living

Arpico Insurance PLC was incorporated as a Public Limited Company in 2011, and received the license as a Life Insurer in the same year by the Insurance Board of Sri Lanka primarily providing life insurances.

AIA Real Rewards, over 7,000 winners this year

AIA Insurance has taken customer rewards to a new level with the re-launch of AIA Real Reward. With over 7,000 winners for the year, the rewards programme offers more benefits to the customer, while placing AIA even higher on the scale of superlative 

People’s Leasing recognised for responsible corporate citizenship

People’s Leasing and Finance (PLC) was recognised as one of the Best Ten Corporate Citizens at the Best Corporate Citizen Sustainability Awards 2017, presented by the premier trade chamber in the country, the Ceylon Chamber of Commerce.

HNB Al Najaah scoops three awards at Islamic Finance Forum

Hatton National Bank’s Islamic Banking product, Al Najaah won three accolades at the recently concluded Islamic Finance Forum, South Asia (IFFSA) awards night, competing against Islamic Banking giants from Pakistan, Kuwait, Bangladesh and Maldives.

NDB relocates Ratnapura branch to satisfy customer convenience

NDB relocated its Ratnapura branch to a more spacious and a conveniently accessible location at No.211, Main Street, Ratnapura in a bid to provide a better service experience to people in the area.

Vallibel Finance opens latest branch in Wennappuwa

Vallibel Finance, a much respected force in the competitive financial sphere, got the new year off to a rising start with another new branch opening, this time in the coastal town of Wennappuwa.

Visa data reveals Lankans spent more on food and apparel this holiday season

Visa, the world’s leader in digital payments, recently released spent data for the month of December 2017, indicating a spike in spending across categories in particular, across apparel, food and groceries and home improvement by Sri Lankan consumers during the holiday season.

NDB introduces cash recycle machine at Hemas Hospitals

In keeping with the bank’s strategy to provide customers with first-class millennial banking experiences, National Development Bank PLC launched a new generation of cash recycling machines (CRM), of which the maiden CRM was deployed at Hemas Hospitals, Wattala.

Seylan Bank recognised at CA Sri Lanka’s 53rd Annual Report Awards

Seylan Bank’s 2016 Annual Report themed ‘It’s all about the Journey’ was recognized with the Bronze Award under banking institutions category at the CA Sri Lanka’s 53rd Annual Report Awards Ceremony recently.

Fitch rates Sampath Bank’s Basel III sub debt ‘A (lka)(EXP)’

Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Negative) proposed Basel III compliant subordinated debentures an expected National Long-Term Rating of ‘A(lka)(EXP)’.  

SDB bank holds SME workshop at Anamaduwa

In order to rejoin the pensioners and retired war heroes to the Sri Lankan workforce and to direct them towards income generating businesses, SDB bank held “SDB Divi Saviya” workshop on November 27 at Sudampaya Town Hall, Anamaduwa. 

Mastercard leads conversations at digital and innovation workshop

Mastercard hosted over 210 senior representatives from banking, financial services and retail, as well as other key stakeholders at the inaugural Digital & Innovation workshop held at The Hilton, Colombo recently.

LB Finance crowned Sri Lanka’s top Finance and Leasing Brand

L B Finance, a leading financial services brand in Sri Lanka was listed among the top 20 brands at Interbrand’s Best Sri Lankan brands. 

Singapore Central Bank head hopes cryptocurrency tech will survive ‘crash’

REUTERS: Singapore’s Central Bank head said yesterday he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the virtual coins.

Floor at Indonesia’s stock exchange collapses, 75 injured

AFP: At least 75 people were injured yesterday when a mezzanine floor at Indonesia’s stock exchange building collapsed into the lobby, police said, with victims carried out of the debris-filled building on stretchers.

NDB Wealth marks 2018 with re-launched, client-centric website

NDB Wealth has re-launched its website, www.nbwealth.com, making it more easy-to-use, client-centric and visually appealing while facilitating greater access to information online for current and future clients.

BOC introduces Smart fixed deposit account

The Bank of Ceylon introduced a more convenient mode of saving and encourages green banking through the bank’s newest product Smart FD. With introduced of Smart FD , customers are able to open, withdraw or cancel fixed deposit more conveniently without having to visit the branch. 

Cargills Bank opens ‘Bank in a Box’ kiosk at Maharagama Food City

Cargills Bank once again demonstrated its commitment to financial inclusion and digital empowerment launching ‘Bank in a Box’ kiosk on 5th January 2018 at Cargills Food City, Maharagama. 

Catalyst Fund and Rukula to bring machine learning to financial inclusion

Rukula (Pvt) Ltd announced their selection as a Catalyst Fund company recently, and in doing so establishing itself as the first Sri Lankan company to become part of this global inclusive fintech initiative. 

Oppo receives global accolades for expansive growth and consumer reach

Heralding further progress as a leading smartphone brand in the world, Oppo recorded two prestigious achievements during the final weeks of the year 2017. While Oppo F5 claimed the number one spot in GSM Arena’s ‘Top 10 By Daily Interest’ smartphone chart for seven consecutive weeks, Oppo, the brand received the Canstar Blue Award 2017 for the Most Satisfied Customers - Smartphones.

Bangladesh Finance State Minister visits HNB

With Sri Lanka and Bangladesh witnessing deepening bilateral economic cooperation in recent years, particularly in key power and other large-scale projects, Hatton National Bank (HNB) Managing Director and Chief Executive Officer Jonathan Alles said the bank is looking forward to strengthening its support and furthering strategic partnerships with those who wish to increase their scope of business in Bangladesh.

National Development Bank’s 2017 in review

The year 2017 was a massive success to National Development Bank PLC (NDB), which as a customer-oriented organisation, succeeded in introducing products that not only made life easier but also proved how important the bank’s client base is to it.

ComBank launches ‘Bank on Wheels’

Commercial Bank of Ceylon has introduced mobile banking in the literal sense with the launch of ‘Bank on Wheels’ – a modified and branded vehicle designed to provide basic over-the-counter banking facilities to the customers living outside the city limits.

HNB relocates Nawaloka Hospital Customer Centre to new Specialist Centre

Sri Lanka’s most popular retail bank, Hatton National Bank PLC (HNB), announced the relocation of its Nawaloka Hospital customer centre to the second floor of the newly constructed multi-storey Specialist Centre at Nawaloka Hospital.

NDB Wattala branch renovated to serve customers better

The National Development Bank PLC renovated and reopened its Wattala branch to a more spacious and a conveniently accessible location in a bid to provide a better service experience to people in the area.