DFCC Bank joins CSE to open trading for June

DFCC Bank rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) last week.

Cargills Bank unveils children’s savings account

It is never too early to teach your children the value of saving money. Cargills Bank launches a dedicated

Union Bank introduces new ‘Kidz Saver’ account

Union Bank re-launched its children’s savings proposition recently, with a view to encourage parents to save 

People’s Bank Mathugama branch relocates to new location

The newly relocated branch allows those in an around the area to access various loan and pawning facilities

NDB rewards Good Life Debit Card promotion winners with iPhone 6S

National Development Bank PLC recently completed its Debit Card promotion by rewarding four lucky debit

Sarvodaya Development Finance relocates Kurunegala, Piliyandala branches

Sarvodaya Development Finance, a finance company registered at the Central Bank of Sri Lanka, under the

HNB SME banking – Much more than just transactions

The small medium enterprise (SME) sector plays a strategic role as a key driver of change in Sri Lanka

CIMA and Hackett Group launch Advanced Diploma in Global Business Services

The Chartered Institute of Management Accountants (CIMA) and The Hackett Group, Inc. have announced 

Up to Rs.8.8mn when children turn 18 with ComBank’s new ‘Isuru’ minors’ savings plan

Parents can ensure their hard-earned savings for their children will grow into millions when the children turn

NTB relaunches popular leasing scheme for professionals

In response to a growing demand for its personalised leasing solutions, Nations Leasing, an arm of the rapidly-growing Nations Trust Bank PLC (NTB), is reintroducing to customers, its popular ‘Salaried/Professional Campaign 2016’. 

Ceylinco Life’s Life Fund crosses Rs.70bn in just 28 years

Ceylinco Life has announced that the company’s Life Fund crossed Rs.70 billion at end-April 2016, making it the only local life insurer to achieve the feat in just 28 years.

DFCC Bank expands reach joining LankaPay common ATM network

In keeping with its commitment to deliver unparalleled service and convenience to customers, DFCC Bank recently joined the LankaPay Common ATM Switch (CAS) operated by Lanka Clear Ltd - Sri Lanka’s largest ATM network. 

Richard Pieris Finance growing at steady pace: CEO

The deposit base of Richard Pieris Finance Ltd is Rs.3 billion and the total asset base is Rs.10 billion, said the company’s Director/CEO K.M.M. Jabir. 

New board appointments at Singer Finance

Singer Finance (Lanka) PLC recently announced several key new appointments to its board of directors. Chandana Samarasinghe, Thushan Amarasuriya and Iman Perera were appointed as three new Alternate Directors and Pramila Liyanage as Company Secretary.

NDB relocates Pettah branch

National Development Bank PLC (NDB) relocated its Pettah branch to a more spacious and a conveniently accessible location at No, 137,133/1, Main Street, Colombo 11 in a bid to provide a better service experience to people in the area. 

NITF obtains catastrophic reinsurance cover up to Rs.10bn

Sri Lanka is now among the countries that incorporate the best practices of the insurance trade, for protecting

NTB receives ISO/IEC 27001:2013 certification

Nations Trust Bank PLC reached yet another milestone in their relentless quest to provide world class service

NDB Wealth launches revolutionary ‘One Account’

Expert financial planner NDB Wealth has taken a leadership role in promoting NDB Bank’s revolutionary 

Life and general insurance segments lift AAI first quarter profit by 6 percent

Asian Alliance Insurance PLC (AAI), a unit of Softlogic group, increased its net profit by 6 percent from

LIC Lanka relaxes death claim requirements for flood victims

During the recent floods and landslides due to inclement and adverse weather conditions in the island, many

Fitch affirms HNB Assurance and HNB General Insurance ratings

Fitch Ratings Lanka has affirmed HNB Assurance PLC’s (HNBA) National Insurer Financial Strength Rating and National Long-Term Rating at ‘A(lka)’. 

FinanceAsia declares ComBank Best Bank in Sri Lanka

The Commercial Bank of Ceylon has won two more prestigious international accolades,being adjudged the ‘Best Bank’ in Sri Lanka in 2016, and presented a Platinum award for 20 years of excellence by the Hong Kong based ‘FinanceAsia,’ magazine, one of the most respected financial publications in the region.

Amana Takaful cuts March quarter losses amid growing business

Sri Lanka’s pioneering Takaful insurance solutions provider, Amana Takaful PLC group was able to cut its net losses to Rs.30.3 million with a loss per share of 2 cents for the quarter ended March 31, 2016 (1Q16) from a net loss of Rs. 50.9 million amid its subsidiaries have made profits, the interim results showed. 

People’s Bank Naulla branch relocates to high-tech premises

People’s Bank recently relocated its branch in Naulla to a new location. The new premises houses state-of-the-art banking facilities whilst offering comprehensive financial solutions, including loans and pawning. 

Amana Bank March quarter net up 66% to Rs.38 mn over strong core banking

Amana Bank PLC increased its net profits by 66 percent year-on-year (yoy) to Rs.38.2 million or 3 cents a share as the bank performed well on its core banking and other income businesses, but the margin slipped, the interim results showed. 

Asian Alliance Life Sales Advisors get ‘eAdvisor’ innovation

Asian Alliance Insurance has empowered their Life Sales Advisors by providing the latest in the range of Samsung

CDB announces Rs.1 bn debenture issue

Citizens Development Business Finance PLC (CDB), one of the leading Licensed Finance Companies in

MasterCard and Keells to offer great savings to weekend shoppers

MasterCard and Keells Super announced a partnership to offer 10 percent savings off the total bill at Keells

Sri Lanka’s first General Insurance Sales Congress ends with tremendous success

Traditional drums and dance heralded the beginning of Sri Lanka’s first General Insurance Sales Congress (GISCO) recently at Waters Edge. The theme of the congress was ‘Growth through innovation’. Over 500 delegates representing insurance companies were present at the event. 

DFCC 1Q net profit up 16% over strong core banking and lower costs

The DFCC Bank PLC group increased its March quarter net profits 15.8 percent to Rs.955 million with an earnings per share of Rs.3.60 from a year ago, the interim results showed.