Latest People’s Bank journal ‘Economic Review’ out now

Re-launched to an overwhelming response earlier this year, the People’s Bank publication brought out 

Citi Asia Pacific CEO in Sri Lanka

Citigroup Asia CEO Francisco Aristeguieta is in Sri Lanka to meet with government officials, regulators and key clients. Aristeguieta is responsible for all Citi businesses across 16 markets in Asia. He has the additional responsibilities for Citi’s consumer operations in the UK, Russia, Poland and the UAE.

Sampath Bank feted at Int’l Banker Banking Awards 2016

Positioned as one of the leading private banks in Sri Lanka that outshines conventional customs of the banking industry, Sampath Bank was recently honoured for Best Innovation in Retail Banking 2016 and Best Commercial Bank of the Year Sri Lanka 2016, at the prestigious International Banker Banking Awards 2016 ceremony. 

HNB Assurance-HNB General Insurance relocates Horana branch

HNB Assurance PLC (HNBA) and HNB General Insurance Limited (HNBGI) announced the relocation of its Horana branch recently. 

LOLC Finance relocates Anuradhapura branch to own premises

With an ambitious aim towards expanding and intensifying its operations in Anuradhapura, LOLC Finance PLC relocated its branch in the great monastic city to its very own sophisticated premises at No: 242/2, Maithripala Senanayake Mawatha, Anuradhapura.

Ceylinco Insurance September quarter profit falls 20% but premiums rise

Ceylinco Insurance PLC, which runs Sri Lanka’s market-leading life insurance business based on gross written premiums (GWPs), saw its September quarter (3Q16) net profits falling by 20 percent to Rs.850.9 million or Rs.32.21 a share from a year ago, the interim results released to the Colombo Stock Exchange showed. 

Aprico Finance relocates to Kottawa

Arpico Finance Company PLC relocated its Godagama branch to a prime location in Kottawa, Pannipitiya. 

Sampath Bank opens 227th branch in Kelaniya

Sampath Bank opened its newest branch in Kelaniya, at No: 1011, Biyagama Road, Singharamulla, Kelaniya, to provide its residents the world of state-of-the-art banking services to fulfil their banking needs with ease and convenience.

NSB’s Annual Report recognized at ARC Awards

The National Savings Bank has recently won the Best of Sri Lanka Award for its Annual Report – 

LankaPay to revolutionize retail payments landscape via JustPay

LankaClear Pvt Ltd, the operator of LankaPay – Sri Lanka’s national payment network recently 

SL’s high potential microinsurance industry needs enabling environment: expert

Sri Lanka has been identified as a market that has huge potential for further growth in the 

HNB 3Q profit up 50% to Rs.4bn over strong core banking operations

Hatton National Bank PLC (HNB), the second largest private lender with an asset base of Rs.819 

India to use indelible ink to ensure people change cash only once

REUTERS: Indian banks will use indelible ink to ensure that people only change old notes for new 

Pan Asia Bank relocates Ratnapura branch

Pan Asia Bank ceremonially opened its Ratnapura branch at its new location on November 15, 2016 

ComBank empowers Wayamba entrepreneurs

A programme by Commercial Bank of Ceylon to empower entrepreneurs with essential knowledge recently benefitted 130 business people in the Wayamba province.

Rupee eases on importer dlr demand

REUTERS: The Sri Lankan rupee was slightly weaker yesterday on importer dollar demand and in 

Sanasa September quarter profit falls as margins come under pressure

Sanasa Development Bank PLC (Sanasa), microfinancier turned licensed commercial bank, saw its 

Prosperous Capital contributes to creating a sustainable microfinance sector

The world development indicators, from the World Bank report state that over 23 percent of the Sri 

HSBC unveils special seasonal campaign for cardholders

Ringing in the festive season could not be more exciting this year, as HSBC unveils a special seasonal campaign to evoke the child in their cardholders from 15 November until 31 December 2016.

People’s Bank’s ‘YES’ account recognized with Gold Award

People’s Bank announced that its ‘YES’ Savings Account has been bestowed with the Gold award for ‘Service Brand of the Year’at the SLIM Brand Excellence Awards, held on 8th November at BMICH.  People’s Bank Director Anton Hemantha, Head of Marketing & Research, Deepal Abeysekara, - Deputy General Manager (Process Management and Quality Assurance) Renuka Jayasinghe, Head of Treasury and Investment Banki

NDB group 3Q net slightly up over core banking but 9-month profit falls

The National Development Bank PLC (NDB) group saw its net profits for the quarter ended September 30, 2016 (3Q16) increasing by 4.5 percent to Rs.881.9 million or Rs.5.34 a share from a year ago as net interest income (NII) rose amid margins coming under pressure and slowing growth in loans, the interim results showed. 

Amana Bank September net profit falls over tax provisioning

Amana Bank PLC, Sri Lanka’s first non-interest based Islamic bank, saw its net profit for the quarter ended September 30, 2016 (3Q16) falling by 10.5 percent on year to Rs.45.3 million or 4 cents a share, as the bank shifted from its earlier practice of providing for income taxes at the end of the year to quarterly tax provision, the interim results showed. 

NTB September profit up12% as bank contains margin fall

Nations Trust Bank PLC (NTB), the banking arm of John Keells group, increased its net profit by 12 percent to Rs. 759.8 million or Rs.3.29 a share from a year ago, as the bank was able to contain the squeezing margins while growing its loan book, the interim results filed with the stock exchange showed. 

ACCA Sri Lanka and Lanka BPO Academy team up to foster shared services industry

The Association of Chartered Certified Accountants (ACCA) has launched its Global Business Services (GBS) qualifications, a suite of three qualifications dedicated to finance and accounting in the shared services and GBS sector.

Rupee trades firm on bank, exporter dollar sales

REUTERS: The Sri Lankan rupee traded slightly firmer yesterday as dollar selling by exporters and 

NTB to offer more savings, rewards to Amex, MasterCard cardholders this season

Nations Trust Bank (NTB) has partnered with a wide network of leading merchants in Sri Lanka to 

HSBC 3Q pre-tax profit slumps 86% on Brazil unit sale charges

REUTERS: HSBC reported a sharper-than-expected 86 percent fall in pre-tax profit for the third 

AIA Lanka 3Q net soars amid higher premiums and investment income

AIA Insurance Lanka PLC (AIA), the local unit of Asia-based AIA Group Limited, saw its September 

World Finance names People’s Bank SL’s Best Banking Group, Most Sustainable Bank again

Sri Lanka’s revolutionary bank responsible for transforming the country’s economic and social 

Fitch affirms StanChart Sri Lanka at ‘AAA(lka)’

Fitch Ratings has affirmed Standard Chartered Bank, Sri Lanka Branch’s (SCBSL) national long- term rating at ‘AAA(lka)’. The outlook is stable.