Sri Lankan banks in joint initiative to promote sustainable finance

The Sri Lankan banking industry, through their umbrella body the Sri Lanka Banks Association (SLBA), during a CEO roundtable meeting recently, approved a move forward to create a joint initiative that promotes best practice in sustainable finance. 

Janashakthi continues to provide tailor-made insurance solutions

Janashakthi General Insurance Limited tailor-made a hole-in-one insurance cover for the recently concluded Sri Lankan leg of the Audi Quattro Cup held at the Royal Colombo Golf Club. 

ComBank to keep 65 branches open on Deepavali Festival Day

The Commercial Bank of Ceylon has announced it will continue its practice of keeping a significant number of branches open for business on Public and Bank holidays, when the country celebrates Deepavali on 10th November.

Customer service, innovation key to bank’s success : Sampath MD

Sampath Bank continues to add to their list of global and local accolades, most recently being recognised as the Best Commercial and Retail Bank in Sri Lanka by the World Finance Magazine for the second consecutive year,...

AIA lists 5 biggest regrets at retirement

?When should you start planning for your retirement?  Certainly not when you’re only a few weeks away from your last day at work!  

The Asian Banker names BOC the “Strongest Bank” in Sri Lanka

The Bank of Ceylon was named as the only “Strongest Bank” in Sri Lanka for the year 2015 by the Asian Banker, in an independent research carried by the region’s most authoritative provider of strategic business intelligence to the financial services community. 

ComBank remittance customers double their money

Thirty two customers of Commercial Bank (ComBank) whose inward remittances were routed to Sri Lanka via the bank had the good fortune to receive more than was originally sent,...

HNB General Insurance produces short film on dangers of texting while driving

HNB General Insurance, a subsidiary of HNB Assurance, initiated an awareness campaign that relates to the main reasons for road accidents in Sri Lanka. 

HDFC Bank relocates Batticaloa branch

HDFC Bank relocated its Batticaloa branch at No: 601 A, Trinco Road, Batticaloa, with the aim of offering convenient banking facilities to the customers. 

NDB Wealth ‘It’s Time’ Challenge a success

NDB Wealth has completed the inaugural phase of its innovative ‘It’s Time’ Challenge, an online social transformation initiative where five exemplary individuals were awarded Rs.50,000 NDB Wealth accounts each, which proved to be a catalyst to kick-start their potential.

NDB appoints Angelo Mathews as Brand Ambassador

At National Development Bank (NDB) integrity and truthfulness even in the most challenging situations is important. NDB has the right attitude to diligently deliver what it promises while adding value that goes beyond what is expected. It is driven by a desire to reach beyond the norm. 

MasterCard offers holiday experiences with Hemas Travels

?MasterCard announced its partnership with Hemas Travels to offer extraordinary discounts on holiday packages around the world.

HSBC beats profit expectations on drop in fines

REUTERS:  HSBC reported a better than expected 32 percent rise in pre-tax profit for the third quarter, with a drop in fines for past misconduct countering the impact of a slowdown in Asia and a jump in spending on regulatory compliance.

Sampath Bank links ATM network to UnionPay International

Sampath Bank, one of the largest private commercial banks in Sri Lanka, recognized for its invaluable and numerous services in banking announced its partnership with UnionPay, one of the largest card networks in the world. 

Ceylinco Life begins work on new eco-friendly branch office for Panadura

Ceylinco Life has commenced construction of another key branch building to a new eco-friendly model adopted by the life insurance leader as part of its commitment to Green its operations.

DFCC to finance first private grid-connected solar power project

Recording another first, DFCC Bank PLC, renowned for being the pioneer in renewable energy financing, will soon add solar energy to its renewable energy portfolio. 

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)’. 

StanChart’s Regional Head visits Sri Lanka

Ajay Kanwal, Regional CEO ASEAN and South Asia (ASA), Standard Chartered, is in Colombo today on an official visit to Sri Lanka. 

Multi Finance celebrates 41 years in business

Multi Finance PLC, one of Sri Lanka’s oldest and most respected financial institutions, recently celebrated its 41th anniversary. 

Union Bank promotes savings habit with range of savings options

In line with the Bank’s ongoing efforts to position itself as a fully-fledged commercial bank enabling financial growth of individuals; Union Bank offers a range of savings accounts to meet the unique savings needs of its diverse clientele.

Trillion and PABC launch Rs 750 mn Green Asset Backed Securitisation

Sri Lanka saw its first Green Asset Backed Securitisation introduced recently, an effort towards reducing carbon footprint in the country, initiated by Trillion Investments Limited and Pan Asia Banking Corporation.

HSBC partners Sri Lankan govt. to raise largest bond issuance

?HSBC has advised the Central Bank of Sri Lanka (CBSL) on behalf of Sri Lanka to complete a US$ 1.5 billion, 10-year international sovereign bond issuance. 

LIC Lanka top achievers tour Malaysia

As a part of its policy in building a high performing dedicated  agency force  to increase its business in  Sri Lanka, LIC (Lanka) is  doing various training and motivational programs with inside and outside motivators.

Siyapatha Finance expands branch network to Vavuniya

Siyapatha Finance PLC, a subsidiary of Sampath Bank PLC, recently expanded its branch network in the Northern Province by opening its 19th branch in Vavuniya.  

Ceylinco Life named World Finance’s ‘Best Life Insurer’ for second year

World Finance, the respected UK-based magazine, has reaffirmed Ceylinco Life as the ‘Best Life Insurance Company in Sri Lanka’ for a second consecutive year, following an in-depth assessment of key performance indicators.

DFCC Bank & Synapsys launch “V Cash Card’

In an effort to support Sri Lanka’s SMEs and the country’s large community of tea leaf suppliers, DFCC Bank recently launched the ‘V Cash Card’. 

LB Finance installs new Sharia Supervisory Board

LB Finance Al Salamah - the Islamic Banking Unit of LB Finance PLC, recently installed a new Sharia Supervisory Board as a part of the many enhancements done by the Company to offer its customers the best possible service.

Sampath Bank’s IT innovations receive international recognition

Sampath Bank, a name synonymous with innovation in Sri Lanka’s financial sector, was duly recognized for technological innovation when its Cardless Cash product was honoured with the Runner-up award for ‘Product and Service Innovation’ at BAI ...

Amãna Bank commemorates National Pensioners’ Day

Having launched its very own Pension Saver account recently, Amãna Bank has commenced a special promotion to mark National Pensioners’ Day,...

Pan Asia Bank 3Q PAT records impressive growth of 200% to Rs.300mn

Pan Asia Banking Corporation PLC has increased its profit after tax (PAT) by a staggering 197 percent to Rs.300.2 million for the quarter ended September 30, 2015 (3Q’15) from a year ago, supported by improved performance from all segments.