StanChart introduces mortgage loans for Shangri-La’s apartment complex

Standard Chartered recently tied up with Shangri-La ‘The Residences at One Galle Face’ to provide mortgage loans to investors in the luxurious apartment complex. 

JB Vantage garners Gold for Best Unit Trust at CFA Awards

JB Vantage Money Market Fund, part of the JB Financials (Pvt.) Ltd portfolio, won Gold for best unit trust at the recently held, prestigious CFA Sri Lanka Capital Markets Awards 2016. 

NDB-Shareek wins Immerging Islamic Finance Entity for 2015 at IFFSA

NDB-Shareek, the Islamic banking unit of National Development Bank PLC (NDB), won the Gold 

Double win for NCAP at Euromoney Awards 2016

NDB Capital Holdings Group (NCAP) secured top investment banking awards presented by the prestigious Euromoney magazine at the Euromoney Awards for Excellence ceremony held recently in 

Rupee ends firmer on bond buying by foreign investors

REUTERS: The Sri Lankan rupee ended firmer yesteday as foreign investors sold dollars to buy local bonds on hopes of higher returns after the Central Bank’s policy rate hike, dealers said.

DFCC Bank introduces ‘Vardhana Xtreme Saver’ solution

DFCC Bank recently introduced the ‘Vardhana Xtreme Saver’, which provides individuals, corporates 

Sanasa Development Bank – We are family, says CEO

Sanasa Development Bank, which has been operating a very successful microfinance system in rural Sri Lanka, is now gearing to move to the next level. The bank has already begun to support the small 

LB Finance offers 12% annual interest for 6-month FDs

LB Finance PLC, the trailblazer in Sri Lanka’s non-banking financial services industry, offers its fixed deposit (FD) senior citizen customers a 12 percent annual interest rate for six-month fixed deposits. T

AIA offers bigger choice of dream holidays for policyholders

Where is your dream holiday destination? Tantalizing Bali? Shimmering Kerala? Perhaps Bangkok or 

GAAM-AFC introduce Sri Lanka’s first dual return investment plan

‘Alpha  Plus’, Sri Lanka’s first dual return investment plan, is now available to investors as a result of a partnership between Alliance Finance PLC (AFC) and Guardian Acuity Asset Management (GAAM), a 

Dr. Lokuhewa appointed as new MBSL Chairman

Dr. Sujeewa Lokuhewa has been appointed as the new Chairman of Merchant Bank of Sri Lanka & 

ComBank launches enhanced version of PayMaster

Commercial Bank has announced the launch of a new version of PayMaster, the Bank’s sophisticated bulk payments platform for corporate customers, offering enhanced functionality and controls and a new level of security.

Amana Takaful Life appoints Gehan Rajapakse as new CEO

Amana Takaful Life Limited (ATLL) has announced the appointment of Gehan Rajapakse as its new CEO – to provide leadership to the company as it seeks to further consolidate its position following its recent successful Initial Public Offering (IPO).

NDB bags Gold at CFA Sri Lanka Capital Market Awards

NDB was crowned the Gold awardee for best investor relations at the CFA Sri Lanka Capital Market Awards 2016 held at Cinnamon Grand recently. The CFA capital market awards is broadly hailed by capital markets, aimed at identifying firms and practitioners that have added value towards the accomplishment of specialized standards of practice in  capital markets.

Melsta Regal Finance launches debit card and online banking

Melsta Regal Finance achieved another milestone by launching the Melsta Debit Card and Melsta Online in order to enhance customer experience and convenience, complementing the busy lifestyles of its customers.

NTB encourages savings with ‘Nations Savings Bonanza 2016’

Nations Trust Bank (NTB) recently introduced ‘Nations Savings Bonanza 2016’ as part of the bank’s continued commitment to reward good saving habits among customers. Launched from July 15 until September 30, this special reward scheme is aimed at encouraging enhancement in savings mobilization among customers.

ATL secures two wins at inaugural Sri Lanka Insurance Industry Awards 2016

Endorsing its presence and commitment to quality in all areas of operations, Amãna Takaful (ATL) PLC won two highly acclaimed awards in multiple subject areas, at the inaugural Sri Lanka Insurance Industry Awards 2016.

HNB Assurance wins two awards at Insurance Industry Awards

HNB Assurance (HNBA) clinched two awards under the categories of corporate social responsibility (CSR) Contribution and Micro Insurance Contribution at the inaugural Insurance Industry Awards of Sri Lanka jointly organised by Fintelekt and the Insurance Association of Sri Lanka (IASL), which was held recently at Taj Samudra, Colombo.

People’s Bank relaunches ‘Economic Review’ journal

People’s Bank announces the relaunch of its erstwhile publication, Economic Review, by its Research Department.  A community initiative by People’s Bank, the Economic Review imparts knowledge and interest in the economy and shares information on economic development through multiple opinions, research-based articles and debates. 

Mayura Fernando joins Orient Finance as Chief Executive

Orient Finance PLC announced the appointment of Mayura Fernando as the company’s new Chief Executive Officer with effect from June 2016. Fernando succeeds Suresh Amerasekera in light of him taking up an overseas assignment. 

Ceylinco Life adjudged country’s Best Life Insurer for 3rd year running by World Finance

Ceylinco Life has been declared the ‘Best Life Insurer in Sri Lanka’ for a third consecutive year, following an in-depth assessment of key performance indicators by World Finance, the authoritative UK-based international publication.

European banks prepare for possible shockwaves from stress test results

Europe’s biggest banks are braced for the outcome of financial health checks that could expose the extent of the weaknesses of the world’s oldest bank, Monte dei Paschi di Siena (MPS), and send 

Mayura Fernando joins Orient Finance as Chief Executive

Orient Finance PLC announced the appointment of Mayura Fernando as the Company’s new Chief Executive Officer with effect from June 2016. 

Seylan Bank launches Money Market savings account

Seylan Bank unveils its newest product, ‘Seylan Money Market’ savings account, aimed at corporate 

DFCC opens new premier centre in Negombo

DFCC Bank PLC, in keeping with its commitment to deliver enhanced service offerings enabling 

Ceylinco General Insurance introduces comprehensive natural disaster cover for traders and homes

Ceylinco General Insurance announced recently a comprehensive natural disaster cover for traders and homeowners, enabling traders to cover their property, including buildings and stocks, along with 

NDBIB crowned ‘Sri Lanka’s Best Investment Bank 2016’ by Euromoney for 5th consecutive year

NDB Investment Bank (NDBIB), which completed a record-breaking year in 2015 raising a mammoth 

People’s Bank ‘Foreign Remittance Gold Fortune 2016’ sees completion of 4th draw

People’s Bank Foreign Remittance Gold Fortune 2016 recently saw the completion of its fourth draw, announcing M.G.D. Ranil Kumara of People’s Bank Pambahinna branch as the winner of the week.   

Over 350 CEOs/senior executives to participate ‘Sri Lanka Economic Summit’

Over 350 CEOs/senior executives representing the Sri Lankan corporate sector have so far registered to take part in the Sri Lanka Economic Summit 2016, which will take place next week in 

Singapore to shame other errant banks after 1MDB saga

AFP: Singapore’s Central Bank chief vowed on Monday to name and shame other banks engaged in money-laundering after a scandal involving Malaysian state fund 1MDB hurt the city-state’s financial