Fitch affirms five small and mid-sized Lankan banks

Fitch Ratings has affirmed the national long term ratings on five small and mid-sized Sri Lankan banks. 

Cargills Bank initiates investment drive with high interest

To encourage a culture of savings during the World Thrift Month, Cargills Bank has initiated a fixed deposit promotion campaign offering considerably higher interest rates and is offering interest rates of 8 percent for 12 months,...

DFCC BANK turns 60 this month

DFCC BANK PLC celebrates its 60th birthday this month. It is customary on occasions such as this to reflect on the years that have passed, the challenges faced, the successes and the key landmarks of the journey. 

NSB-MasterCard partnership offers greater transaction security on cards

MasterCard and National Savings Bank (NSB) announced their partnership to deploy MasterCard Expert Monitoring Solutions (EMS) with Real-time Fraud Scoring Service. 

ComBank opens branch at BIA Arrivals Terminal

Commercial Bank of Ceylon (ComBank) has opened a branch at the Arrivals Terminal of the Bandaranaike International Airport (BIA) Katunayake, to offer a range of services required by disembarking Sri Lankans and foreign nationals.

CDB champions a pioneering presence of two decades

It has been a journey of milestones, achievements and pioneering initiatives. For Citizens Development Business Finance PLC (CDB), established in 1995, 20 years down the road has seen formidable and memorable milestones,...

SampathCards wins two awards at Visa India and South Asia Client Forum 2015

SampathCards was once again placed in the limelight with the recognition of two prestigious awards at the recently concluded Visa India and South Asia Client Forum 2015. 

Experts hail CITS benefits at BASL seminar

Organized by the Bar Association of Sri Lanka (BASL) in collaboration with the Sri Lanka Judges Institute & Clearing Association of Bankers (CAB), the seminar on Cheque Imaging & Truncation System (CITS)...

LB Finance delights business partners at get-together

LB Finance, the most prestigious finance company, organised its Gampaha business partners get together on recently at The Wet Water Resort-Gampaha. 

SLIC hosts forum for local business community

?The Sri Lanka Insurance (SLIC) Business Club is a tailor-made comprehensive trade insurance policy that is customised to meet the diverse insurance needs of the business community of Sri Lanka.

ATL’s ‘Suwasiri’ makes health insurance affordable for all Lankans

Amãna Takaful’s (ATL) latest product ‘Suwasiri’ has made its mark in the insurance industry, as the most affordable health policy available in the market. 

GAAM crosses Rs.5 bn mark in assets under management

Guardian Acuity Asset Management Ltd, which manages three unit trusts, passed an important milestone in its short history when it crossed the Rs 5 billion mark in assets under management (AUM) in early October this year. 

“Seylan Thilina Sayura” rewards migrant employees and expats

?“Seylan Thilina Sayura” is a distinctive scheme offering a range of both monetary and non-monetary benefits to account holders on significant occasions in their life while earning interest from foreign currency accounts. 

ComBank opens supermarket banking counters in Bandarawatte and Wennappuwa

Commercial Bank of Ceylon (ComBank) has opened two supermarket banking counters in Wennappuwa and Bandarawatte, Kaduwela, further strengthening its presence in these areas.

People’s Bank honours 94 long-serving employees

People’s Bank, Sri Lanka’s leading bank and visionary institution responsible for uplifting millions of lives, recently hosted an award ceremony at Cinnamon Lakeside Hotel to felicitate the employees who have dedicated 25 years of service to the bank. 

BOC ‘Siri Medura’ goes to Sabaragamuwa Province

The best-in-class home loan offering ‘Siri Medura’ is now available for Bank of Ceylon (BOC) customers in the Sabaragamuwa Province with the opening of the bank’s eighth regional loan centre in Ratnapura.

Insurance vital for sustainable national pension framework: AIA CEO

AIA CEO Shah Rouf was among the distinguished pensions experts who participated in the panel discussion titled ‘Towards a National Pension Framework’, moderated by Nalaka Gunawardena - science writer,

Singer launches credit card

Singer Finance (Lanka) PLC, a subsidiary of Singer (Sri Lanka) PLC, launched its credit card recently. Singer Finance created history as the first non-banking financial institution in the country to launch an internationally accepted credit card. 

Ravi Abeysuriya to transform capital market expansion

Ravi Abeysuriya, the new President of the Colombo Stockbrokers’ Association (CSBA), said that the industry has great potential to grow as we have a lot of catching up to do when compared to our regional peers. 

A renewed life for senior citizens with Pan Asia Bank’s ‘Sammana’ loan

In an era senior citizens were largely considered as a liability by society and overlooked by the financial sector, Pan Asia Bank has come forward to offer the ‘Sammana’ loan scheme, which has given government pensioners the financial independence when such empowerment seemed least possible.

Janashakthi Insurance raises awareness on life insurance

Janashakthi Insurance reaffirmed its commitment to the nation by endeavouring to increase awareness on life insurance across the country. This was part of the Life Insurance Awareness Month campaign launched by the Insurance Association of Sri Lanka (IASL)...

MasterCard and NDB set to change face of commercial payments in Sri Lanka

MasterCard and NDB Bank announced their partnership to bring the MasterCard Purchase Control solution to Sri Lanka. Offering a simple, effective and secure means of controlling spending, reducing operational costs and enforcing compliance with corporate policy...

HNB introduces high-tech corporate travel and entertainment payment solution

?Hatton National Bank (HNB) offers the corporate sector a payment card solution which streamlines travel and entertainment expenditure by shifting it to an electronic platform.

Union Bank salary accounts to make the most of your salary

Union Bank’s Salary Power and Salary Select accounts are unique value propositions for employed individuals enabling to maximize and enhance returns on their salaries.  It is an ideal savings solution that caters to all career and income levels. 

Rupee steady in dull trade; stocks up

REUTERS: The Sri Lankan rupee was trading steady in dull trade yesterday as dollar selling by banks offset importer demand for the greenback, dealers said. “There is not much happening,” said a currency dealer asking not to be named.

Fitch rates HDFC Bank’s Rs.4bn debenture issue at ‘BBB(lka)’

Fitch Ratings has assigned Housing Development Finance Corporation Bank of Sri Lanka’s (HDFC Bank; BBB(lka)/Stable) proposed senior unsecured debentures of up to Rs.4 billion a final National Long-Term Rating of ‘BBB(lka)’.

NDB adjudged ‘Best Bank in Sri Lanka’

NDB CEO Rajendra Theagarajah on behalf of the Bank, received the prestigious award as the ‘Best Bank in Sri Lanka’, under the Emerging Market Banks’ in Asia Pacific 2015 at the Global Finance award ceremony held on 10th October in Lima, Peru. 

Insurance industry GWP grows 12% in 1H15

The insurance industry recorded a growth of 11.73 percent, in terms of Gross Written Premium (GWP), during the first half of year 2015 when compared to the same period in the year 2014. 

Softlogic Finance opens 26th branch in Borella

?Softlogic Finance PLC opened its 26th branch in Borella recently. 

ComBank opens additional branch in Badulla

The Commercial Bank of Ceylon recently opened a ‘Minicom branch in Badulla, in addition to its existing branch in the capital of Sri Lanka’s Uva Province to cater to the increased demand for its services.