Seylan Bank offers attractive gifts for foreign remittances

Seylan Bank has always been in the forefront in the remittance business partnering global remittance giants and has an agent network of banks and exchange houses worldwide.

Co-opertaive Insurance Company introduces Co-op Suwapath insurance plan

No wonder how financially stable, anyone could become ill at any moment and medical bills will hit the family’s economy at any time.

ComBank to reward online bill payments with mega promotion

Commercial Bank of Ceylon (ComBank) has announced it will reward customers for usage of the bank’s online banking facility with Rs.1.5 million in cash prizes over the next three months.

ComBank receives FinanceAsia Best Bank Country Award 2015

Commercial Bank of Ceylon (ComBank) recently received the 2015 FinanceAsia award for the ‘Best Bank in Sri Lanka’ at a glitzy awards ceremony at the Ritz – Carlton in Hong Kong. 

DFCC Bank expands international linkages in the Pacific

Pan Oceanic Bank recently celebrated one year of operations in the Solomon Islands.

Amex guarantees rewards of Rs. 10,000 this September

?Nations Trust Bank American Express has reintroduced the popular ‘20 Day Challenge’ to their American Express Cardmembers, offering guaranteed cash back reward of Rs. 10,000 this September. 

Central Bank receives US $ 1.1 bn from RBI

?Consequent to the signing of a special currency swap agreement for US$ 1.1 billion by Central Bank of Sri Lanka (CBSL) with the Reserve Bank of India (RBI) on 17 July 2015, the CBSL has received US$ 1.1 billion last week. 

Interblocks and West International launch new electronic payment processing system

Interblocks Ltd and Sweden-based West International recently launched an innovative electronic payment processing system aiming at increasing credit and debit card purchases by over tenfold in Sri Lanka through the availability of infrastructure.

NDBIB arranges Rs. 1 bn for Resus Energy Group

NDB Investment Bank Limited (NDBIB) continued to establish itself as the leader in the investment banking space by providing corporate advisory services especially with regard to structuring M&A transactions which include Management Buy Outs (MBOs)...

Pan Asia Bank expands head office premises

?Pan Asia banking Corporation PLC recently further expanded its head office premises to serve its growing customer base and business volumes. 

IFC to help Sanasa Bank uplift small businesses and cooperatives in rural sector

IFC, a member of the World Bank Group, will provide advisory services to Sanasa Development Bank as it expands to include more micro and small businesses, cooperatives, and retail clients.

LOLC Finance empowers customers with CEFTS

Taking yet another important stride towards enabling faster and reliable real-time electronic payment, LOLC Finance PLC is now connected to the Common Electronic Fund Transfer Switch (CEFTS)...

LB Finance launches Telemarketing & Call Centre unit

LB Finance officially launched its Telemarketing & Call Centre unit at Kolonnawa recently. LB Finance,the leading finance company in Sri Lanka took this initiative to assist all customers

Union Bank Wellawatte branch gets new look

?Union Bank of Colombo PLC recently extended its new look and design to its Wellawatte branch located at Galle Road Colombo 06  to provide customers a redefined banking experience. 

MasterCard indulges cardholders with revived spa packages

?MasterCard announced its partnership with the Azmaara Spa at Cinnamon Lakeside and the Ariyanna Wellness Spa at Waters Edge. 

Fitch rates BOC’s Subordinated Debentures Final ‘AA(lka)’

 Fitch Ratings has assigned Bank of Ceylon’s (BOC; AA+(lka)/Stable) proposed up to Rs.8 billion of subordinated debentures a final National Long-Term Rating of ‘AA(lka)’.

HNB and Senok introduce mega leasing promo for Audi cars

?Hatton National Bank (HNB) PLC has joined hands with Senok Automobile Private Limited to offer an unmatched leasing package to buyers of Audi cars.

Asian Alliance Insurance expands network with Panadura branch

?Asian Alliance Insurance has expanded its General Insurance branch network by opening a branch in Panadura, thereby providing enhanced access to its customers in the area.  

Habib Bank opens branch in Galle

?HBL, the largest bank in Pakistan has had a history in excess of 65 years in Sri Lanka and was one of the first banks to be set up in Pettah. 

HNB felicitates long-serving employees

The 25 years service awards for long serving employees was organized at Hatton National Bank PLC recently. Eighty three staff members who joined the Bank in 1989 were recognized for their loyalty at this grand ceremony.

Moratuwa gets new look Union Bank

?Union Bank of Colombo PLC recently extended its new look and design to its Moratuwa branch located at Galle Road, Moratuwa to provide customers a redefined banking experience. 

Amana Bank gets CB extensions to beef up capital

?Amana Bank PLC, the only licensed bank in the country carrying out operations under the principles of Islamic banking said it had received extensions from the Central Bank to beef up its capital base.

Ceylinco Life opens eco-friendly Bandarawela office

?Life insurance market leader Ceylinco Life has opened its new eco-friendly four–storey purpose-designed branch building on company owned land in Bandarawela, strengthening its presence in the Badulla district and demonstrating its commitment to the environment.

DFCC and DVB amalgamation approved at EGM

The shareholders of DFCC Bank PLC and DFCC Vardhana Bank PLC have approved a special resolution to merge the operations of the two entities at an Extraordinary General Meeting held on August 28.

Fitch maintains Ceylon Income Fund on Rating Watch Negative

Fitch Ratings has maintained the ‘(A(lka))’ National Fund Credit Quality Rating of the Ceylon Income Fund on Rating Watch Negative (RWN). The National Fund Volatility Rating is ‘V-NR’.

Credit Management Institute launches programme targeting marketers

The Sri Lanka Institute of Credit Management (SLICM) announced the launch of the second batch for the Executive Certificate in Marketing Credit Instruments programme.

Sri Lanka’s banks eye market-driven consolidation: Oxford Business Group

The coming year looks set to bring further consolidation to Sri Lanka’s financial sector, with market forces expected to drive the trend, in lieu of the government-led policy of the previous administration.

People’s Insurance, Assetline Leasing on-board as CA Sri Lanka training partners

Two leading companies, People’s Insurance Ltd and Assetline Leasing Co. Ltd came on-board recently to further boost the training partner portfolio of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

CMA Sri Lanka receives global recognition from IFAC

CMA Sri Lanka, the National professional management accounting body in Sri Lanka, received recognition as a full member of the International Federation of Accountants (IFAC), the global body for professional accountants. 

LIC buys 86% of Indian Oil Corp shares on offer

?State-owned Life Insurance Corporation (LIC) of India bought 86 percent of shares on offer in state-run Indian Oil Corp (IOC.NS) this week, salvaging a US $ 1.4 billion government sale as the market took its biggest tumble in more than six years.