AIA Group’s new business climbs 20% helped by China, Hong Kong

REUTERS:  AIA Group Ltd, the world’s third-largest life insurer by market value, clocked a 20 percent increase in new business in the third quarter aided by strong sales in its main markets of China and Hong Kong.

NDB wins ‘Best Local Bank in South Asia for BRI’ at the Asiamoney Awards

NDB was crowned as Best Overall Local Bank in South Asia for BRI (Belt & Road Initiative) at the Asiamoney New Silk Road Finance Awards 2017. 

HSBC celebrates Deepavali with customers

HSBC Sri Lanka celebrated Deepavali, the festival of lights with customers and staff at HSBC branches in Wellawatte, Galle, Jaffna and Kandy recently.

Rasika Kaluarachchi assumes duties as Prime Finance CEO

Prime Finance PLC, a unit of Prime Lands (Pvt.) Ltd, yesterday announced the appointment of Rasika Kaluarachchi as its CEO with effect from October 10, 2017.

Pan Asia Bank relaunches Mithuru Max children’s account

Pan Asia Bank known for its innovative financial products, recently unveiled a value added Children’s Savings Account under the name ‘Mithuru Max’ with a redesigned gift scheme.

Union Assurance launches first insurance chatbot in Sri Lanka

Union Assurance with its preeminent services continued for more than three decades hasalways focused its efforts to deliver the best, customized insurance solutions to the communities which they operate, powered with innovation the and integrated with the best technology. 

LB Finance Samanthurai branch relocates to new location

LB Finance, Sri Lanka’s pioneer in innovative financial services recently relocated its Samanthurai branch to a new location in No.25, Hijra Junction, Samanthurai recently. This occasion was graced by two Executive Directors Niroshan Udage, 

HNB announces reduced rates on personal finance products

In a continuing effort to partner its clients and support them to achieve their aspirations, Sri Lanka’s leading retail bank, HNB PLC, announced that it would be reducing interest rates on all of its core personal financial products – spanning leasing, housing and personal loans.

Standard Chartered’s outstanding wipe out

Standard Chartered once again brings to its credit cardholders a one-of-a-kind proposition – the freedom to shop and to be one of the lucky winners to have the bank pay off the outstanding balance on the credit card.

NDB Achara loan scheme dedicated to pensioners

NDB introduced its latest product NDB Achara, a loan proposition solely dedicated to the pensioners of the country.

IBSL discusses way forward for Sri Lanka’s insurance industry

Following the declaration of 1st September as National Insurance Day and Insurance Awareness Month well underway, it was a most opportune moment to consult two top professionals in the industry. 

Ceylinco Life wins 3 ARC awards in Tokyo for 2016 annual report

The 2016 Annual Report of Ceylinco Life has won three awards at the ARC Awards in Tokyo, one of the largest and most prestigious competitions in the world honouring excellence in annual reports. Sri Lanka’s life insurance market leader received the Silver award for ‘Financial Data’ and two 

Fitch affirms Amana Bank’s National Long-Term Rating

In its latest rating review, Fitch Ratings Lanka has affirmed the National Long-Term Rating of Amãna Bank at BB(lka) with a ‘Stable’ outlook.  

Sampath Bank celebrates ‘Thrift Month’ with eco-friendly gifts

Sampath Bank, in its continuing commitment to emphasize the importance of saving, has introduced an exciting gift promotion that will both incentivize and help depositors save money. 

Amana Bank’s main branch offers extended banking until 7pm on weekdays

With the objective of enriching the convenience of banking to its customers, Amana Bank’s main branch located in Colombo 3 has expanded its banking services to 365 days, with business hours on weekdays scheduled from 9.00am to 7.00pm and on weekends and holidays from 9.00am to 1.00pm.  Further, rest of the bank’s branches will be open for business till 4.00pm on weekdays with the bank’s Pettah branch being open until 6.00pm

Allianz Lanka launches high-tech underwriting platform AUSYS

Allianz Life Insurance Lanka, in a bid to provide their customers with greater convenience recently launched their automated underwriting platform ‘AUSYS’. 

People’s Bank celebrates Deepavali

In commemoration of Deepavali yesterday, People’s Bank organized a series of ceremonies at the Wellawatte branch.

HSBC awarded ‘Best Consumer Digital Bank’ for 11th time by Global Finance

HSBC Sri Lanka has once again been recognised for its digital capabilities by winning the Best Consumer Digital Bank Country award by Global Finance at the Best Digital Bank Awards 2017, and this is the 11th time that HSBC has won this prestigious award.

Multiply joy with BOC ‘Pita Pita Rata Thegi’

Bank of Ceylon is ready to multiply your happiness when you remit money from abroad to your loved ones, filling your homes with goods that will add happiness to your day-to-day life, BOC ‘Pita Pita Rata Thegi’ will offer customers a chance to win 300 gifts.

Top Islamic Finance forum to be held in Sri Lanka

Islamic Finance Forum for South Asia (IFFSA) 2017 under the theme ‘Cooperation I Consolidation I Concentration’ organised by UTO EduConsult in conjunction with KPMG as Knowledge Partner and Adl Capital as Key Event Partner will be held on 24th 

Softlogic Life speeds up expansion, adds five branches in 3Q

Further strengthening its network spread across the island, Sri Lanka’s fastest growing life insurer Softlogic Life opened five branches in - Anuradhapura, Badulla, Kurunegala, Seeduwa and Weligama, during the September quarter.

Seylan Trade Services Department, new outlook and enhanced services

Seylan Bank’s International Trade Services Department was relocated to a new premises at the Seylan Bank Head Office to provide more convenience to its customers. The Imports and Exports

Fitch Rates NTB’s Basel III sub-debt issue ‘A-(lka) (EXP)’

Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) Sri Lanka rupee-denominated proposed Basel III-compliant subordinated unsecured debentures an expected National Long-Term Rating of ‘A-(lka)(EXP)’.

Make good times great this Deepavali with NDB Wealth

While experiencing the beauty of Deepavali, the Hindu Festival of Lights, always bear in mind that planning ahead makes any of life’s milestones even better.

Fitch rates Seylan Bank’s Basel III sub debt ‘BBB+(lka)(EXP)’

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

Tailor made FDs with Nations Trust Bank’s Flexi Deposit Scheme

Nations Trust Bank introduces Nations Flexi Deposit, a scheme tailor-made for fixed deposits with a flexible investment period of the customer’s own choosing to receive the benefits of high interest earnings.

AIA rolls out Pension Month

Have you thought about your retirement? Or has planning for it seemed so complicated and overwhelming that you put it aside for later? If so, then you are not alone. Most people find planning for retirement an expensive task with tons of paperwork, laborious medical testing and general stress. It is therefore often postponed or at times disregarded all together.

UA initiates journey to drive you towards success

Spreading the thoughts of showing Sri Lanka the path to achieving enduring success, Union Assurance (UA) has taken steps to launch a special brand awareness programme, which commenced its activation programmes throughout the island from October 9 and will continue till mid-November. 

A landmark shift in insurers’ financial reporting: EY

The International Accounting Standard Board (IASB) issued a new insurance contracts standard, International Financial Reporting Standards (IFRS) 17 Insurance Contracts. Ernst & Young (EY) finds that this will trigger a landmark shift in the financial reporting of insurers under IFRS and Sri Lanka Standards and marks a fundamental change to the current practice across the industry. 

People’s Bank opens 100th self-banking unit at Trinco regional head office

Marking a milestone in its 56 years long history, People’s Bank recently opened its 100th self-banking unit in the People’s Bank Trincomalee regional head office premises.