Combank recognized and accoladed at ACES Awards 2017

The Commercial Bank of Ceylon was named among the ‘Top Companies in Asia’ and the ‘Top Green Companies in Asia’ at the 2017 Asia Corporate Excellence and Sustainability (ACES) Awards that honour and showcase Asia’s finest and most responsible corporate leaders.

OpenArc and Abans Finance to lead digital banking, cashless society

OpenArc, the leading software company and an IT campus headed by Daya Hettiarachchi, recently signed an agreement with Abans Finance, to replace the entire software solution implemented by OpenArc at Abans Finance many years ago, with its brand-new core banking software solution popularly known as ‘SkyBank’ together with its digital banking front-end, ‘SkyDBF’ and mobile payments platform ‘SkyPay’, which will l

LMD honours Vallibel Finance with two golden accolades

Vallibel Finance is proud to be named both ‘Sector Winner’ of the Finance and Leasing Sector and ‘Most Respected Finance/Leasing Company’ in the Lanka Monthly Digest’s – LMD’s Most Respected Rankings 2017. 

Prime group launches Prime Finance

The Prime group has launched its financial arm – Prime Finance PLC.

Avoid these common investing psychology traps

The Colombo Stock Exchange has recorded a growth of 6.5 percent so far during the year 2017. Initially the growth momentum was predominantly driven by foreign investors and at present local participation is increasing steadily. The local investor contribution to total market turnover has increased from 49 percent in April 2017 to 53 percent in October 2017.

Pan Asia Bank 3Q profit flat over higher credit cost, slowdown in new loans

Pan Asia Banking Corporation PLC recorded modest performance during its third quarter as well as for the first 9 months amid challenging macro economic factors including higher interest rates, slowdown in demand for new loans and increase in provisions for possible bad loans. 

Seylan Bank September net profit up 13%

A modest growth in loans and judicious portfolio management appear to have helped Seylan Bank PLC to post relatively better performance in the September (3Q17) quarter, the interim financial accounts filed with the Colombo Stock Exchange showed.

People’s Insurance re-launches brand logo

People’s Insurance PLC announced the relaunch of its insurance brand recently. Backed by its parent companies – the People’s Bank and the People’s Leasing Finance PLC – the People’s Insurance has shown tremendous growth over the years providing innovative solutions to the nation, built on a solid foundation of utmost trust and care.

HNB-Ideal Motors to promote Mahindra vehicles

Sri Lanka’s most innovative bank, HNB PLC, announced the partnership with Ideal Motors (Pvt.) Ltd to continue its promotion of Mahindra vehicles in Sri Lanka. 

Mastercard and Bank of Maldives with Immigration introduce Passport Card

Maldives President Abdulla Yameen introduced the Mastercard Passport Card to the cabinet ministers at his office recently.

Multi Finance to launch talent search and leadership development training programme

Multi Finance PLC (MFP), one of the country’s earliest established financial institutions, is ushering in a new era of digitized financial services, following its acquisition by the real estate development giant, Fairway Holdings. 

Goyo to help Sampath credit cardholders achieve fitness goals

Goyo, Sri Lanka’s trendiest fitness app and wearable, inspiring Sri Lankans towards realistic fitness goals, now offers all Sampath credit cardholders amazing discounts. 

Visa Country Manager completes week-long cashless journey across Sri Lanka

Last month, Visa Country Manager for Sri Lanka Anthony Watson travelled 1,168 kilometres around the country on a three-wheeler in the pursuit of going cashless and raising funds for charity as part of the 2017 Pimp My Tuk Tuk challenge.

Fitch rates BOC’s Basel III sub-debt up to Rs.8bn ‘AA(lka)(EXP)’

Fitch Ratings has assigned Bank of Ceylon’s (BOC,AA+(lka)/Stable) proposed Sri Lanka rupee-denominated Basel III-compliant subordinated unsecured debentures an expected national long-term rating of ‘AA(lka)(EXP)’. The debentures, totalling up to Rs.8 billion, are to have maturities of five and eight years and carry fixed- and floating-rate coupons. The bank plans to use the proceeds to support its loan book expansion and to stre

HNB Grameen Finance appoints two new directors

HNB Grameen Finance Limited recently appointed two directors to their board with the objective of further strengthening the company. 

Janashakthi Insurance offers Full Option ‘High Speed Claim’

Demonstrating its credentials as a progressive and customer-centric insurer, Janashakthi Insurance trail blazed its new Janashakthi Full Option ‘High Speed Claim’ service product whereby its Full Option motor insurance policy holders can obtain claim payments in two easy steps. 

Atul Malik appointed Union Bank Chairman

The Board of Directors of Union Bank of Colombo PLC announced the appointment of Atul Malik as Chairman of the bank with effect from 25th October 2017. 

Sampath Bank introduces first banking robot in Sri Lanka

Sampath Bank is poised to revolutionize the financial industry with a banking robot that works in the form of a humanoid teller.

Combank receives 18th Best Bank Award from Global Finance

The Commercial Bank of Ceylon recently received the Global Finance award for Sri Lanka’s Best Bank in 2017 at an awards ceremony at the National Press Clubin Washington DC during the IMF/World Bank Annual Meeting. 

Seylan announces ‘Ethera kasi methara wasi’ monthly draw winner

Seylan Bank introduced an exciting draw scheme named ‘Ethera kasi methra wasi’ for its remittance customers partnering with the global remittance services such Express Money, RIA, Speed cash and Unistream to name a few.

NTB launches innovation centre to host first ever fintech hackathon

Nations Trust Bank PLC (NTB) recently launched Sri Lanka’s first innovation centre in the financial sector, named ‘Kaffeine Lab’ located at Gregory’s Road, with the first initiative being Sri Lanka’s first ever fintech hackathon organized in collaboration with the IT Faculty of the University of Moratuwa and the Sri Lanka Association for Artificial Intelligence (SLAAI).

PLC’s annual report 2016/17 wins big at ARC Awards

In an affirmation of the strength of its financial standing, People’s Leasing Company’s (PLC) annual report for 2016/17 ‘Collective Moments’, recently won top honours at the 31st ARC Awards International held in  Tokyo Japan. 

ComBank affirmed ‘Strongest Bank’ in Sri Lanka in 2017

The Commercial Bank of Ceylon PLC has emerged the Strongest Bank in Sri Lanka in 2017, according to the Asian Banker magazine, and has once again been ranked among the 500 strongest banks in the Asia Pacific region on Balance Sheet evaluation.

Mastercard opens-up access to Blockchain API for partner banks and merchants

Mastercard announced that it will be opening up access to its Blockchain technology via its API published on Mastercard Developers.

Pan Asia Bank expands green lending facility from Global Climate Partnership Fund

Pan Asia Bank and the Global Climate Partnership Fund (GCPF) have closed a new US$13 million facility agreement.

HNB partners UnionPay with new ATM acceptance agreement

Building on an agreement signed last February, HNB PLC announced a follow-up partnership with UnionPay International to enable ATM acceptance of UnionPay cards.

Softlogic Finance opens 34th branch in Kotahena

Continuing on its journey to better serve a growing base of valued customers, Softlogic Finance PLC announced the further expansion of its branch network with the opening of its 34th fully-fledged new branch in Kotahena.

Softlogic Life partners Dialog to launch ‘Per Day Insurance’

Softlogic Life recently collaborated with Dialog Axiata PLC to launch an all new life insurance scheme under the name ‘Per Day Insurance’, which is available to all prepaid and postpaid Dialog customers. Softlogic marked its presence in the insurance business in 2012. Softlogic Life Insurance PLC has evolved into a leading insurance solutions provider at the forefront of the industry for over 17 years since inception. Dialog Axiata PL

Combank enables POS use in Sri Lanka for UnionPay cards

The Commercial Bank of Ceylon has enabled point-of-sale (POS) usage for UnionPay cards, making it possible for cardholders of the world`s largest card base in circulation to pay for purchases at local retailers with these cards.

Amãna Bank named ‘Lead Banking Partner’ for IFFSA 2017

For the second consecutive year, Amãna Bank has come forward to sponsor the Islamic Finance Forum of South Asia (IFFSA) as its Lead Banking Partner.