Arpico Finance takes pride in celebrating 66 years

Arpico Finance recently celebrated their journey of 66 years on May 26th.  Since its inception in 1951, they have been on a constant growth and thus gradually climbed to  new heights. 

PickMe partners with LOLC Life Assurance to offer insurance cover to driver partners

PickMe, Sri Lanka’s leading taxi-hailing app, has partnered with LOLC Life Assurance, a fully-owned subsidiary of Lanka ORIX Leasing Company PLC to provide a valuable life insurance solution to its driver partner community.  The tie up between these two companies makes it the first of its kind in the history of Sri Lanka’s taxi service industry. 

Sampath Bank continues to receive accolades for digital excellence

Sampath Bank received double honours for its excellence in use of digital technologies at the inaugural SLT Zero One Awards held recently. 

DFCC Bank relaunches ‘Vardhana Junior’ children’s savings account

DFCC Bank re-launched ‘Vardhana Junior’ recently to strengthen its position as one of the leading minor savings products in the country, adding special features such as an array of valuable gifts, to inspire children to save for their future.  The wide range of gifts offered by Vardhana Junior makes it an attractive children’s savings product in the market today.

Softlogic Finance opens newly relocated Senkadagala branch

Leading Sri Lankan financial services provider, Softlogic Finance announcer the opening of its newly relocated Senkadagala branch. 

Mastercard launches several new APIs for developers

To meet the growing business demand for consistent, seamless and secure commerce, Mastercard Developers has released several new APIs to supply financial institutions, merchants and digital solutions providers with the tools they need to enable payments on new platforms.

Pan Asia Bank wins big at LankaPay Technovation Awards

Pan Asia bank bagged two awards at the recently concluded Lankapay Technovation Awards 2017. 

NDB mobile banking app recognized at LankaPay Technnovation Awards

  NDB was crowned Runner Up for the ‘Best Mobile Payment Application of the Year’ at the LankaPay Technnovation Awards 2017.

SLIBFI Conference to mark twenty years of Islamic Finance in Sri Lanka

  The completion of 20 years of Islamic Finance is undoubtedly a significant milestone in the annals of the IBF industry in Sri Lanka. Launched, albeit on an informal basis, in 1997, the initial stakeholders were faced with obstacles that many would deem insurmountable.

Ceylinco Life policyholders treated to Singapore tour with families

The ‘holiday season’ continues for the policyholders of Ceylinco Life, with another batch of 50 policyholders and their families being accorded a three-day, all-expenses-paid visit to Singapore, under the life insurance leader’s ‘Family Savari’ mega promotion.

Bank of Ceylon clinches Gold at LankaPay Technovation Awards

Sri Lanka’s first and only payment technology innovation awards- Lanka pay Technnovation Awards 2017, awarded the Bank of Ceylon as the overall Gold winner for ‘Excellence in Interbank payments’ after being selected as No.1 for the highest number of awards, overall year on year revenue growth of all clearing products in rupee terms, total number of products connected to the Lankapay network, honouring the financial commitments o

Kanrich Finance ads Nuwara Eliya branch to network

Kanrich Finance Ltd with its history spanning over 45 years has been loyally serving its clientele offering unique and trusted financial solutions. 

NDB Securities forecasts slow but steady growth for banking sector

Pioneer stock-broking and equity research firm NDB Securities Ltd (NDBS) published an update on the outlook of the banking sector along with an analysis on nine listed licensed commercial banks.

ComBank receives ‘Best Bank in Sri Lanka’ award from FinanceAsia

The Commercial Bank of Ceylon was represented by its Chief Operating Officer/Executive Director S. Renganathan at the FinanceAsia Country Awards in Hong Kong, at which the bank received the award for the Best Bank in Sri Lanka for the seventh time. 

LankaClear-JCBI partner to establish National Card Scheme in Sri Lanka

LankaClear (Private) Limited (LankaClear), an organisation incorporated in 2002 and owned by the Central Bank of Sri Lanka (CBSL) and all licensed commercial banks operating in Sri Lanka, and JCB International Co., Ltd (JCBI), the international operations subsidiary of JCB Co., Ltd (JCB), announced 

CA Sri Lanka’s BSc in Applied Accounting Degree marks highest ever intake in 2017

The BSc. Applied Accounting Degree offered by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which has gained much respect and popularity amongst students and employers within a short span of time, recorded the highest ever intake this year, with over 500 students including foreign students following the specialised degree.

NDB wins ‘Best SME Bank Sri Lanka’ at Global Finance Review 2017

As a result of NDB’s strides to make meaningful change to the small and medium enterprises (SMEs) industry, the bank was felicitated with an award as ‘Best SME Bank Sri Lanka’ by Global Banking and Finance Review 2017.  NDB Director/CEO Dimantha Seneviratne said, “We are indeed humbled by 

Banks adopt Basel III capital standards to strengthen resilience

Commencing July 1, 2017, the licensed banks in Sri Lanka will adopt the minimum capital standards based on the direction issued by the Central Bank of Sri Lanka in late 2016.

HNB calls for EGM to obtain shareholder nod for Rs.15bn rights issue to beef up capital

Hatton National Bank PLC (HNB) is to call for an extraordinary general meeting (EGM) on July 5 to obtain shareholder approval for a rights issue to raise Rs.15 billion to improve the capital base of the bank in view of the higher capital adequacy requirements set out in the BASEL III accord, a circular issued to the shareholders said. 

NTB launches digital lifestyle partner app

FriMi, a digital lifestyle partner, powered by Nations Trust Bank (NTB), will officially launch on June 30th at ODEL, Colombo 07,  and is a next-generation electronic payment, banking and marketing platform that allows users to make payments, send and receive money, do their banking and enjoy the best offers and discounts all through one simple app. 

ACCA and CMA sign MOU to collaborate for accountancy profession’s advancement

A new agreement signed by The Association of Chartered Certified Accountants (ACCA) Sri Lanka and the Certified Management Accountants (CMA) Sri Lanka will see them work in partnership to develop

Standard Chartered appoints new Head of Retail Banking

Standard Chartered recently appointed Bingumal Thewarathanthri as Head, Retail Banking, Standard Chartered Sri Lanka. 

Dumith Fernando elected to CSE Board

The Colombo Stock Exchange (CSE) announced the appointment of Dumith Fernando as a Director of the CSE Board.   

CA Sri Lanka’s APFASL confers CPFA qualification to over 130 senior public servants at inaugural con

 Over 130 senior public servants were recently conferred with the Chartered Public Finance Accountancy (CPFA) qualification at the inaugural CPFA Convocation organized by the CA Sri Lanka Public Sector Wing, the Association of Public Finance Accountants of Sri Lanka (APFASL), in an effort to strengthen the country’s public financial management.

ComBank website adjudged best in finance sector at SLT ZeroOne Awards

The website of Commercial Bank of Ceylon was adjudged the best in Sri Lanka’s financial sector at the inaugural SLT ZeroOne Awards presented by Sri Lanka Telecom (SLT).

Janashakthi contingent attends MDRT Conference in USA

Janashakthi Insurance PLC announced that the Million Dollar Round Table (MDRT) qualifiers from its life insurance sales team attended the prestigious MDRT Conference that was held in Florida, USA, recently. 

Pan Asia Bank offers ‘Nivasa’ home loan with 10-year fixed interest rate

In a bid to meet the rapidly increasing demand for a hassle-free housing loan, Pan Asia Bank has come up with an option to enable the customers to obtain a home loan without the hassle of paper work.

Ceylinco Life fastest to take its Life Fund past Rs.80bn

The Life Fund of Ceylinco Life crossed Rs.80 billion in May 2017, making it the fastest-growing Life Fund in the local industry, the life insurance market leader has announced.

SLI produces 60-member contingent for USA MDRT Conference

Sri Lanka Insurance (SLI) saw 60 of its top life insurance sales achievers qualifying for the elite Million Dollar Round Table (MDRT) Annual Conference 2017 held recently in Orlando, Florida, USA. Participation at the MDRT is a seal of excellence for the public to trust, that they are working with the best in the business for life insurance solutions.

Fintech poised for mainstream adoption on a global scale: EY

Levels of financial technology (fintech) adoption among consumers has surged globally over the past 18 months and is poised to be embraced by the mainstream, according to the latest EY FinTech Adoption Index. An average of 33 percent digitally active consumers across the 20 markets in the EY study, now use fintech.