Ceylinco Life begins work on Green branch in Horana

?Life insurance leader Ceylinco Life has commenced construction of a new branch building in Horana, adopting the new eco-friendly model developed by the company for branches being constructed on company-owned land.

Seylan geared to serve customers through aggressive growth plans and innovative products in 2016

?Seylan Bank, ‘the bank with a heart’, identified as one of the six systemically important banks in Sri Lanka by the Central Bank of Sri Lanka believes their best brand ambassadors are their customers. Perceived as a friendly and caring bank, Seylan saw further expansion as a whole in 2015. 

LB Finance joins hands with Money Gram

LB Finance PLC, the trail-blazer in Sri Lanka’s non-banking financial services industry has joined hands with MoneyGram through its super-agent in Sri Lanka Hatton National Bank. 

Asian Alliance Insurance opens Kuliyapitiya and Pettah branches

?Asian Alliance Insurance has further strengthened its General Insurance branch network by opening branches in Kuliyapitiya and Pettah, thereby providing enhanced access to its customers in these areas.  

Cargills Square Mall and Cargills Bank open in Jaffna

?Cargills Square - Jaffna the first luxury family entertainment mall in Northern Sri Lanka and Cargills Bank - Jaffna, Regional Headquarters - North were declared open by President, Maithripala Sirisena recently. 

Great season for NDB Good Life credit cardholders

?This festive season, NDB Good Life Credit Crdholders will have the opportunity to enjoy great savings while shopping, dining and holidaying at selected partner outlets.  

People’s Bank moves ahead with advanced ATM technology

People’s Bank introduced a new revolutionary ATM technology which will support the banks ambitious plan of owning the largest and best serving ATM network in the country.

Joint seminar on reinsurance

A seminar on ‘Practical application of reinsurance principles and its modern trend’ was recently held at Galadari Hotel Colombo jointly organized by the National Insurance Trust Fund and Indian Insurance Institution.

Union Bank strengthens branch network with 64th branch in Kohuwala

?Union Bank extended   its island wide reach with the opening of its 64th branch in Kohuwala; in continuation of the Bank’s intent to become the ‘neighbourhood bank’ serving households across the island.  

Mercantile Investments and Finance relocates Balangoda branch

?Mercantile Investments and Finance PLC has relocated its Balangoda branch, to another location in Balangoda at Haputhale Road, Balangoda to give its customers a more spacious and convenient services setting in Balangoda. 

NDB opens latest branch in Tissamaharama

NDB opened its latest branch in Tissamaharama with the intention of further strengthening its financial services to the residents in the Southern Province. With this opening, NDB branch network has now grown to ninety three (93), 

HNB wins CIOB Green Mark – Gold Plus award

?The Jaffna Green Building of Hatton National Bank (HNB) won the prestigious ‘CIOB Green Mark – Gold Plus’ award at the 2nd CIOB Green Mark awards ceremony. 

NDB opens 92nd branch in Akkaraipattu

?National Development Bank PLC (NDB) opened its latest branch in Akkaraipattu in a bid to support the economic and livelihood development in the area. strategy. 

LB Finance gets A-(lka) with stable outlook from Fitch

?Fitch Ratings has assigned LB Finance PLC a national long-term rating at ‘A-(lka)’ with a stable outlook. According to Fitch the rating reflects its established franchise among licensed finance companies, and sustained sound profitability.  

Allianz Lanka receives NCC recognition for contribution to financial literacy

?Allianz Lanka was recognised at the prestigious National Chamber of Commerce (NCC) awards for the company’s corporate social responsibility (CSR) project, ‘My Finance Coach’, which increased the financial literacy of nearly 5,000 youth in about 30 schools throughout Sri Lanka. 

SampathCards introduces seasonal offers

As customers prepare for one of the joyous festive seasons of the year, SampathCards is making this holiday season merrier with its incredible seasonal offers throughout the month of December. 

Sampath adjudged Overall Best Corporate Citizen 2015

?Sampath Bank, a forerunner in ensuring the wellbeing of the country and its citizens, has been recognized as the ‘Overall Best Corporate Citizen’ of 2015 at the Best Corporate Citizen Sustainability Awards presented by the Ceylon Chamber of Commerce.

HNB to develop dairy industry with Richlife

?Reaffirming its commitment towards the development of the dairy industry and the development of rural livelihoods, Hatton National Bank (HNB) has joined hands with Richlife Dairies Limited to grant loans to farmers in the Kalutara District.

PLC bags Gold at SLITAD People Development Awards 2015

?People’s Leasing & Finance PLC (PLC), the leading non-bank finance sector company, a flagship subsidiary of People’s Bank, clinched Gold at the recently concluded SLITAD People Development Awards 2015.

Nations Trust Bank unveils digitalized branch at WTC

?Nations Trust Bank (NTB) has embarked on a journey in terms of embracing a digitalized banking approach for the bank’s customers with the opening of its 92nd branch, first-of-its-kind, at the World Trade Centre (WTC).

HNB partners with Emirates NBD for 60-second remittances

Hatton National Bank (HNB) has entered into a tie up with Emirates NBD in the UAE for the DirectRemit 60 seconds remittance platform. With this partnership...

Merchant Bank wins sector Gold at Annual Report Awards again

?Merchant Bank of Sri Lanka & Finance PLC (MBSL) won the coveted Gold award for the Specialised Leasing Company sector at the recently concluded Annual Report Awards organised by the Institute of Chartered Accountants of Sri Lanka. 

Central Bank holds 8th International Research Conference

?The eighth International Research Conference of the Central Bank of Sri Lanka was held recently at the John Exter International Conference Hall of the Central Bank.

SDB 3Q operating profit before VAT on FS surpasses Rs.1bn with 78% YoY growth

Sanasa Development Bank PLC (SDB) has succeeded in posting a 59 percent growth in profit after tax (PAT) to Rs.166.1 million for the quarter ended September 30, 2015. As a result, the bank’s PAT for nine months ended September 30, 2015...

GICS for Colombo bourse

The Colombo Stock Exchange (CSE) adopts the Global Industry Classification Standard (GICS) to classify its listed companies. This was officially launched at the ceremony held on December 2, 2015 to mark the 30th anniversary of the CSE. 

Nation Lanka Finance empowers Lankan entrepreneurs to build a sustainable future

There is a silent but visible revolution taking place at the grassroots level in Sri Lanka. Some 75,000 women have been financially empowered and are expanding their entrepreneurship skills, whilst uplifting their lives and giving hope to their families for a brighter future. 

Commercial Bank honours 88 staff for 25 years of service

?Commercial Bank of Ceylon recently felicitated 88 employees who have completed 25 years of service at the 2015 edition of the bank’s annual Long Service Awards gala at Cinnamon Grand, Colombo.

BOC opens Pallebedda, Wahalkada, Saliyawewa branches

The Bankers to the Nation, Bank of Ceylon (BOC) extended its branch network in the North Western, North Central and Sabaragamuwa Provinces with its newest branches in Saliyawewa, Wahalkada and Pallebedda recently. 

Mobitel’s money platform mCash celebrates 2nd anniversary

?The national mobile service provider SLT Mobitel’s mobile money platform, mCash, which has redefined the way consumers perform transactions with the use of a mobile phone, recently celebrated its second anniversary of successful partnerships with thousands of customers andbusiness stakeholders alike. 

REITs – A welcome new addition to investment landscape

 The Budget announcement on the potential introduction of real estate investment trusts (REITs) as an alternative investment class has evoked a heightened sense of activity across many quarters.