LB Finance relocates Gampola City branch

LB Finance, Sri Lanka’s pioneer in innovative financial services, recently relocated its Gampola City branch. It is now at No: 66, Nawalapitiya Road, Gampola. This occasion was graced by Executive Directors Niroshan Udage and March Perera and the senior management staff of LB Finance.

Embracing digital payments can save global cities US $ 470bn annually

Visa, the global leader in digital payments technology, recently announced an independent study conducted by Roubini Thought Lab and commissioned by Visa, examining the economic impact of increasing the use of digital payments in major cities around the world, including Colombo could help the city realize, US $ 200 million annual net benefits.

HNB launches state-of-the-art ‘Centre of Aspiration’

Sri Lanka’s most digitally innovative bank, HNB PLC, announced the launch of its state-of-the-art Centre of Aspiration, a new centralized unit within the bank dedicated solely to manage the bank’s debt collection operations.

Seylan Tikiri, the account that values every child

Launched in 1991, Seylan Tikiri is the pioneer in minor savings accounts and is evolving rapidly with innovative services to cater to the diverse needs of its vast customer base.

More than 50 ComBank branches to stay open on Deepavali Festival Day

The Commercial Bank of Ceylon has announced it will keep more than 50 branches open for business on Wednesday, 18th October, a public and bank holiday in respect of Deepavali |Festival Day. The Commercial Bank branches that will operate on that day include the bank’s 29 supermarket banking centres and 13 MiniCom branches which will work their customary hours, and another 16 branches that will be open from 9:00a.m. to 1:00p.m. to serve custo

Sri Lanka Insurance opens new premises in Tangalle

Sri Lanka Insurance opened a new branch at Tangalle recently in order to provide more efficient and speedier services to the people of the area.

First Capital’s ‘A-’ rating reaffirmed by ICRA Lanka

The issuer rating of SL[A-] with stable outlook was reaffirmed for First Capital Holdings PLC (First Capital) by ICRA Lanka Ltd, a subsidiary of ICRA Ltd, a group company of Moody’s Investors Service. ICRA Lanka also reaffirmed the issuer rating [SL]A- with stable outlook for First Capital’s standalone primary dealer First Capital Treasuries PLC.

Relationship banking from NDB with ‘Business Class’

NDB introduced ‘Business Class’, a solution for businesses where access to an exclusive range of financial solutions is simply given by having a current account facility.

Virtusa recognized among top global fintech providers

Virtusa Corporation announced that it has been recognized among the leading global financial technology providers in the 2017 IDC Fintech Rankings. 

HSBC tops Asiamoney’s New Silk Road Finance Awards

HSBC has been named Best Overall International Bank for Belt and Road Initiative (BRI) in the inaugural Asiamoney New Silk Road Finance Awards, reflecting the bank’s commitment to being the leading financial partner to clients engaged in Belt and Road projects.

Amana Takaful’s third party insurance brings many benefits

In Sri Lanka, it is an essential legal requirement that every motor vehicle on the road be equipped with at least a third party insurance cover. This requires that motor vehicle owners approach an established and reputed insurance company to acquire the necessary documentation. 

HDFC Bank holds Branch Performance Awards

HDFC Bank, once again, recognized and rewarded its dedicated staff, at the recently concluded Annual Awards Ceremony for 2016 held at Grand Monarch, Thalawathugoda. 

Amãna Bank awards winners of ‘Double your Remittance’ promotion

Amãna Bank has commenced a remittance promotion thereby giving customers the chance of doubling their remittance sent by their loved ones living abroad.

Regulators probe Standard Chartered over US$ 1.4 bn transfer

REUTERS: Financial watchdogs in Europe and Asia are investigating Standard Chartered PLC over the transfer of US $ 1.4 billion of private bank client assets from Guernsey to Singapore ahead of new tax transparency rules, according to a source familiar with the matter.

EY named digital strategy and agency services leader by IDC MarketScape

EY has been recognized as a leader for digital strategy and agency services consulting in the Americas, EMEA and Asia-Pacific regions by the IDC MarketScape: Digital Strategy and Agency Services 2017 Vendor Assessment results.

Fortunaglobal unveils LISA virtual assistance chatbot

With its ‘brand affluence’ product range having already become the benchmark for omni-channel banking in Sri Lanka’s financial technology (Fintech) sector, Colombo-based Fortunaglobal has set its sights on innovating for the global marketplace, with its new LISA virtual assistance chatbot currently about to graduate its development phase, with an eye toward going-to-market in a matter of weeks.

Combank to provide online sales channel to Lankan merchants through WEBXPAY

The Commercial Bank of Ceylon has announced it will provide its internet payment gateway (IPG) facility to support a new e-commerce platform in  Sri Lanka.

Sanasa co-sponsors Asian Credit Union Forum 2017

ACCU Forum 2017 of Association of Asian Confederation of Credit Union was held at Galadari Hotel, Colombo recently and it was proudly co-sponsored by one of the island’s most reputed institutes, Sanasa.

Cargills Bank opens 16th branch in Ratnapura

Cargills Bank Limited opened its newest branch in Ratnapura within the Cargills Food City premises at the Municipal Commercial Complex conveniently located in the heart of the town. The new Cargills Bank branch was declared open by Chief Guest, Cargills Bank Ltd Joint Deputy Chairman Rajendra Theagarajah and Guest of Honor Cargills Foods Company (Pvt.) Ltd Retail Deputy General Manager

People’s Leasing initiates innovative leasing partnership with Toyota Lanka

Sri Lanka’s leading non-bank finance company People’s Leasing and Finance PLC (PLC) tied up with Toyota Lanka for promoting Toyota Vehicles.

Sarvodaya Finance partners Mobitel to offer next-gen mobile financial services

Sarvodaya Development Finance Limited, the pioneer in micro-finance in Sri Lanka, recently entered into a technology partnership with the national mobile service provider, Mobitel.

Role of corporate banking in national development

Banks have been the cornerstone of economic growth and national development for over eight centuries. Their contribution towards the promotion of economic activity within a nation and across borders is unparalleled. 

Laying solid financial footing with NDB Wealth Kid’s Saver plans

On Children’s Day 2017, celebrated in Sri Lanka on October 1st, don’t just spend money on toys or treats, instead take a serious decision to invest in your children’s dreams, and enable them to take a significant step forward in achieving a financially independent future for themselves. 

Fitch affirms five small and mid-sized Lankan banks

Fitch Ratings Lanka has affirmed the national long-term ratings on five small and mid-sized Sri Lankan banks. The banks are Nations Trust Bank PLC (NTB), Pan Asia Banking Corporation PLC (PABC), Union Bank of Colombo PLC (UB), SANASA Development Bank PLC (SDB) and Amana Bank PLC (Amana).   

Half of Iran’s banks should close or merge, top banker says

REUTERS: The number of banks in Iran should at least halve over the next six years, with closures and mergers needed to modernise an industry laden with toxic loans, one of the country’s top bankers said.

DFCC Bank launches special workshop series for MSMEs

DFCC Bank has initiated a special series of workshops named ‘Vardhana Sahaya Hamuwa’ to nurture the growth of the Micro, Small and Medium Enterprises (MSMEs) in Sri Lanka. 

People’s Bank reaffirms commitment in driving SME sector

As per its vision to propel the expansion and expertise of Small and Medium Businesses, People’s Bank held its ‘Entrepreneurial Glory’ programme at the Pavilian Restaurant Monaragala.

HNB to offer doubled rewards throughout October

Sri Lanka’s most customer-centric bank, HNB PLC, announced the return of its extremely popular Singithi Savings Month that will give children across the island a chance to save and receive valuable gifts from 21st September to 31st October.

Rajive Dissanayake appointed to HNBA, HNBGI boards

HNB Assurance PLC (HNBA) announced the appointment of Rajive Dissanayake as a Non-Executive, Non-Independent Director to the boards of HNBA and its fully-owned subsidiary HNB General Insurance Limited (HNBGI) by the vote of Hatton National Bank PLC (HNB), the parent shareholder of HNBA. 

HNB serves Anuradhapura entrepreneurs under Citi-CCC programme

Citi Bank in collaboration with the Ceylon Chamber of Commerce and Hatton National Bank initiated the ‘Rural Economic Empowerment Programme’ in June 2015 with the objective of empowering rural entrepreneurs through improving their financial literacy and business management skills as well as facilitating micro financing through mainstream banks.