BOC 18 Plus scholarship awards calls for 2014, 2015 A/L high-flyers

The premier youth savings account Bank of Ceylon (BOC) 18 Plus is set to reward both 2014 and 

Amãna Takaful launches unique Smart Rider Cover

Amãna Takaful PLC (ATL) unveiled Smart Rider Cover, a compelling insurance scheme for motorbikes that covers its riders across a spectrum of worst-case scenarios to ensure that they do not have to suffer monetary loss due to any reason.

Siyapatha Finance announces Bonanza grand draw

Leading financial organisation Siyapatha Finance PLC has announced that it is conducting a grand draw, Siyapatha Bonanza, for the company’s leasing and gold loan customers from October 1 to December 31, 2016. 

AIA-in-Town visits Embilipitiya

Embilipitiya was the ninth location of the AIA-in-Town programme, a much anticipated event for adults and children alike. This town storm type activity spanning five days had the busy city buzzing with excitement as AIA carried out its fun-filled activities. 

HDFC Bank holds annual staff awards ceremony

HDFC Bank held its staff awards ceremony recently with a large number of distinguished guests and staff members from all five regions of the bank. The ceremony was organised to honour the dedicated staff of the bank, in recognition of their contribution made towards the success of the year 2015.

LOLC Finance September quarter profit slips 4% as expenses surge, margins narrow

Lanka Orix Leasing group company, LOLC Finance PLC, saw its net profit for the quarter ended September 30, 2016 (2Q17) narrowing by 4.0 percent to Rs.391.5 million or 14 cents from a year ago as some unclassified direct expenses and the interest cost rose sharply, the interim results showed. 

ComBank ranked 2nd in Business Today’s Top 30

Commercial Bank of Ceylon PLC has been ranked second in Business Today’s Top 30 public listed companies in Sri Lanka in 2015-16 for the fourth consecutive year.

Union Assurance September quarter profit up over higher life premiums

Despite the challenging market conditions with pressures rising on disposable incomes and the need of an insurance policy becomes less of a priority, life insurer, Union Assurance PLC (UAL), increased both its gross written premiums (GWPs) and profits during its recent quarter ended September.  UAL posted a net profit of Rs.70.8 million recording an increase of 39 percent on year but the profits did not include a surplus from the life busine

HNB concludes ‘Gami Pubuduwa’ Field Officers’ Conference on high note

Hatton National Bank (HNB) celebrated the 27th milestone year of its flagship microfinance scheme, ‘Gami Pubuduwa’ (Village Awakening), at the annual Field Officers’ Conference, which included a series of educational and personal development events and concluded on a high note with an awards ceremony to honour its field force for their contribution in the years 2014 and 2015. 

UB Finance launches FLEXiT fixed deposit

FLEXiT fixed deposit launched by UB Finance in November 2016 is another innovative investment product introduced by the company in keeping with its premise to offer its clientele a better deal with maximum returns, flexibility, security and unparallel service. 

DFCC Bank amongst Business Today’s Top 30 Companies for FY2015/16

DFCC Bank was felicitated as one of the Best Performing Public Quoted Companies in Sri Lanka at the 2015/16 Business Today Top 30 Awards, at an august ceremony recently held at The Hilton Colombo. DFCC Bank CEO Arjun Fernando received the award from Finance Minister Ravi Karunanayake. 

CA Sri Lanka members serve on top IFAC committees

Six members of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), including the institute’s incumbent President Lasantha Wickremasinghe and several past presidents, have been appointed by the International Federation of Accountants (IFAC) to serve in some of its top committees. 

Janashakthi continues to nurture next generation of insurance professionals

Janashakthi Insurance recognised six students of the Wayamba University ‘Insurance and Valuation Degree’ batch for their outstanding performance at a special awards ceremony recently, where the batches of 2015 and 2016 were awarded Gold, Silver and Bronze medals along with cash prizes.

Pan Asia Bank opens 81st branch in Kaduwela

Pan Asia Bank ceremonially opened its 81st branch in Kaduwela yesterday, at No: 508/4, Avissawella Road, Kaduwela.

BOC offers big seasonal discounts through debit and credit cards

The Bank of Ceylon brings all its debit and credit card holders the best discounts in town to enjoy 

LB Finance September net profit up 20% on higher lending growth

LB Finance PLC, Sri Lanka’s third largest non-bank finance company by assets, increased its net 

Ceylinco Life opens new green branch in Horana

Ceylinco Life has formally declared open its new branch building in Horana, purpose-built to the new 

Pan Asia Bank joins hands with Ceylinco Life to offer bancassurance services

Pan Asia Bank recently signed an MOU with Ceylinco Life to offer a wide range of insurance products to its customers. 

Ceylinco Insurance feted for 5th consecutive year as only insurer among top 30 corporates

Ceylinco Insurance moved up the corporate ladder to the 15th position and once again earned the honour of being the only insurance company amongst the top 30 companies for the year 2015 / 2016. 

Mohammed Faroz wins 20th edition of PB Foreign Remittance Gold Fortune

A.G Mohammed Faroz, an account holder at the Nintavur People’s Bank branch was named the 20th lucky winner of the weekly People’s Bank Foreign Remittance Gold Fortune 2016.

Seylan Bank relocates Bogawantalawa branch

The Seylan Bank Bogawantalawa branch was relocated at Main Street, Bogawantalawa recently.  The branch was declared open under the patronage of Chithral De Silva, Deputy General Manager, Branches of Seylan Bank PLC. The branch was moved to a new location to provide improved facilities to the bank’s clientele.

StanChart cards offer slew of purchasing options this festive season

Standard Chartered’s credit and debit cardholders are truly privileged this festive season as they are offered an extensive range of purchasing options. 

HNB launches web-based payments  and cash management platform 

 Sri Lanka’s leading private sector bank, HNB announced the launch of its new web-based, fully-integrated payments and cash management (PCM) platform – HNB Online, a comprehensive new online banking portal featuring robust functionalities capable of meeting the needs of any corporate - large  or small. 

Fitch rates National Insurance Trust Fund ‘AA-(lka)’/Stable

Fitch Ratings has assigned National Insurance Trust Fund Board (NITF) a National Insurer Financial Strength Rating (IFS) and National Long Term Rating of ‘AA-(lka)’. The Outlook is Stable.

IronOne Technologies to empower BoC with iPad-enabled analysis solution

Leading software solutions company, IronOne Technologies achieved yet another milestone recently when Sri Lanka’s largest banking entity, Bank of Ceylon (BoC), entered into an agreement with the company for a comprehensive iPad-enabled banking analysis solution for its top decision-makers. 

Ceylinco Life’s 2015 annual report secures double at ARC Awards

Ceylinco Life’s 2015 annual report has won two important accolades at the prestigious ARC Awards 

Janashakthi September quarter net profit up 13% despite higher claims

Sri Lanka’s third largest general insurer by gross written premium (GWP), Janashakthi Insurance 

Cargills Bank turns a profit in September as margins rise, loans grow

Cargills Bank Limited, the financial arm of diversified CT Holdings PLC, turned a net profit of  Rs.27.6 

CA Sri Lanka, SAFA, WB and ADB deliberate on accrual accounting

As accrual accounting continued to gain ground, South Asia too has begun to extensively deliberate 

Softlogic Life wins Gold at LACP Spotlight Awards

Leading Insurer Softlogic Life PLC bagged a Gold award for its Annual Report 2015 at the 2016