Pan Asia Bank offers gifts for preschool, Grade 1 children

Pan Asia Banking Corporation PLC’s, Daskam, a value-added children’s savings account, is the ideal gift for children joining preschool or Grade One this year.

NTB partners with Softlogic Life for Nations Max Bonus

Nations Trust Bank PLC (NTB) recently partnered with Softlogic Life to offer an exclusive life insurance cover along with a critical illness cover to its Max Bonus savings account customers.

Bank of Ceylon opens Kekirawa green branch

Bank of Ceylon (BOC) recently converted its Kekirawa branch into a green branch, the third green branch with the first two being the Kilinochchi and Thissamaharama branches, which were opened in line with the bank’s 77th anniversary in 2016. 

HNB appoints Sidath Wijeratne as CDO

In line with its strategic vision to be the most future ready bank in Sri Lanka, Hatton National Bank (HNB) has created a Digital Technology Division that will integrate the information technology and e-business verticals to drive a bank-wide digital adoption, focused on next generation engagement with customers, business partners and employees, through transformed products, redesigned processes and enhanced services.

NDB opens 105th branch in Katana

National Development Bank (NDB) recently opened its latest branch in Katana in a bid to support the economic and livelihood development in the Gampaha District.

Janashakthi offers free protection for family, dwelling through Full Option motor cover

Janashakthi General Insurance Limited recently announced an exciting array of new benefits for its Full Option personal car policyholders, which include a free personal accident cover of up to Rs.5 million for the entire family and a free household cover of Rs.2 million. 

Jude Benjamin appointed as HNB General Insurance Chief Business Officer

HNB General Insurance Limited (HNBGI), a fully-owned subsidiary of HNB Assurance PLC (HNBA), announced the appointment of Jude Benjamin as its Chief Business Officer for Personal Lines and Branch Network.

ComBank promotes education loans at EDEX 2017

The education loans offered by Commercial Bank of Ceylon for the pursuit of higher education or professional education in Sri Lanka or overseas generated much interest at the EDEX 2017 exhibition held in Colombo recently.

HNB launches Wally-E pre-paid cards

Hatton National Bank PLC (HNB), Sri Lanka’s most innovative bank, announced the launch of Wally-E, the country’s very first pre-paid Visa card, designed specifically for teenagers. 

Citigroup quietly launches small business lending website

REUTERS: Citigroup Inc has quietly launched a website to make small business loans of up to US $1 million, the latest effort by a big bank to make the process of smaller loans more technology-friendly.

HSBC to close 117 branches in Britain, cut 380 jobs

REUTERS: HSBC said it plans to close 117 branches this year and will cut 380 roles in Britain to try to reduce costs.

ComBank declares Rs.3 per share dividend

Sri Lanka’s largest private bank, Commercial Bank of Ceylon PLC, in terms of assets last week announced a Rs.3 per share second interim dividend for the financial year 2016.

Rupee steady in dull trade; stocks rise

REUTERS: The Sri Lankan rupee was steady in thin trade yesterday as dollar demand from importers was offset by selling of the US currency by exporters, dealers said, a day after the Central Bank revised the spot reference rate by 10 cents to a record low.

NTB Amex to offer free motor insurance when fuel up with card

The Nations Trust Bank (NTB) American Express (Amex) cardmembers now stand a chance to win a free vehicle insurance cover until 2027 every time they use their credit card to pump fuel for Rs.2,500 or more at any fuel station, islandwide.

CCC to conduct ‘Capital Structure Management for Better Financing’ seminar

The Ceylon Chamber of Commerce (CCC) will hold a seminar under the title of ‘Capital Structure Management for Better Financing’ in  a bid to help the finance sector professionals maintain a healthy capital structure in their firms.

CA Sri Lanka joins Chartered Accountants Worldwide

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has become the 11th member of international body Chartered Accountants Worldwide. CA Sri Lanka is the sixth Chartered Accountancy body to be awarded Associate membership to the organisation since it was launched in February 2013.

Harris Premaratne appointed as PABC Deputy Chairman

Veteran banker Harris Premaratne, who recently joined Pan Asia Bank Corporation PLC’s (PABC) board as a Non-Executive Independent Director, has been appointed as the bank’s Deputy Chairman with effect from January 25, 2017.

ComBank’s ‘Arunalu’ launches country-wide children’s art competition

Art enables children to express themselves on virtually anything that interests them, and the Commercial Bank of Ceylon has launched an island-wide competition to stimulate such expression by the country’s young artists.

Pan Asia Bank provides easy access to housing loans

In a bid to meet the rapidly increasing demand and varying requirements of customers, Pan Asia Bank, has been augmenting its popular housing loan product ‘Nivasa’ with a host of value -added features. 

Bank of Ceylon achieves a trillion hat-trick

The Bank of Ceylon scored its third ‘trillion’ at the end of the year 2016. That is surpassing the Rs. 1 trillion mark in advances- another unique milestone in its 77-yearjourney as the bankers to the nation and becoming the first, and up to now the only bank to pass this milestone in Sri Lanka. 

Sri Lanka to launch first insurance comparison website ‘InsureMe.lk’

InsureMe Insurance Brokers (Pvt) Limited will be launching Sri Lanka’s first Insurance comparison website within the next few days. 

PM-JBIC CEO hold bilateral talks in Davos

Prime Minister Ranil Wickremesinghe held bilateral discussions with Japan Bank for International Cooperation (JBIC) CEO/Executive Managing Director Tadashi Maeda during the World Economic Forum in Davos, Switzerland.  Pic by Pradeep Pathirana

DFCC Bank to offer greater convenience to Pettah biz community

DFCC Bank recently opened a fully-fledged branch in Pettah, located at No: 143, Main Street, Colombo 11.

IBSL issues guidelines on conducting insurance claim investigations

The Insurance Board of Sri Lanka (IBSL) has issued ‘Guidelines on conducting investigations on insurance claims’. 

ICRA Lanka assigns Capital Alliance A-

Sri Lanka’s leading investment banking firm and the preferred partner in financial markets, Capital Alliance Limited (CAL), has been assigned the issuer rating of [SL]A- with stable outlook by ICRA Lanka Limited, a subsidiary of ICRA Limited (a group company of Moody’s  Investors Service). 

Seylan Bank launches Seylfie youth savings account

Yet again revolutionizing the banking industry in Sri Lanka, Seylan Bank has launched a state-of-the-art digital bank account for the youth of Sri Lanka named - Seylan Seylfie. 

Lankan WEF delegates hold talks with StanChart Chair

The Sri Lankan delegation to the World Economic Forum (WEF) in Davos, Switzerland, led by Prime Minister Ranil Wickremesinghe, held talks with Standard Chartered Bank Chairman Jose Vinals yesterday in Davos. Pic by Pradeep Pathirana

Fitch reaffirms NDB long-term rating of A+ (lka) with Stable Outlook

Fitch Ratings Lanka Limited (Fitch) has affirmed National Development Bank PLC (NDB) a Long Term Issuer Default Rating (IDR) of A+ (lka) with an Outlook Stable pursuant to Fitch’s revised its ratings followed by its periodic review. 

NSB receives AAA(lka) national long-term rating for 15th year

Fitch Ratings has affirmed the AAA (lka) national long-term rating to NSB with Stable Outlook following their periodic review of the large banks peer group which was announced by the Fitch recently. 

HNB joins hands with Citi Bank to promote Urubokka small businesses

HNB GP Micro Finance programme was involved in a further project of extending finances for small businesses in Urubokka of Southern Province in partnership with Citi Bank Sri Lanka Branch and Ceylon Chamber of Commerce under a special project titled ‘Rural economic empowerment’.