People’s Leasing clinches double Silver at SLIBFI awards

?People’s Leasing & Finance PLC (PLC); Sri Lanka’s non-bank financial services sector leader secured two Silver awards at the SLIBFI (Sri Lanka Islamic Banking and Financial Industry) awards ceremony. 

SLI’s life insurance bonus tops Rs 30 bn during past 10 years

?Breaking all landmarks in the local insurance industry, Sri Lanka Insurance has once again declared a life bonus of Rs 4.7 billion for the year 2015 surpassing its own record of Rs 4.4 billion declared the year before. 

Lanka ORIX Finance relocates Kandy Branch

With the promise of offering better facilities and a superior service to the residents...

ICRA Lanka assigns ‘[SL]A-’ rating for Rs.5bn CLC debenture issue

ICRA Lanka Limited, a wholly-owned subsidiary of ICRA Ltd,

Asia’s banking systems less exposed to currency risks: Fitch

Fitch Ratings expects Asia’s emerging market (EM) banking systems to be better positioned,

Berendina Micro Investments expands outreach in Batticaloa

Berendina Micro Investments Co. Ltd opened two new branches in Kaluwanchikudy

LB Finance relaunches mortgage loans facility

Financial giant LB Finance recently relaunched its mortgage loan product with more flexible terms and innovative features

ACCA and SLASSCOM hold forum on global best practices in finance transformation

The Association of Chartered Certified Accountants (ACCA) Sri Lanka partnered...

Pan Asia Bank treasury team wins six-aside cricket tournament

 Pan Asia Bank Treasury Team won the six-a side cricket tournament conducted...

Merchant Bank relocates Puttlam branch

The Puttlam Branch of Merchant Bank of Sri Lanka & Finance PLC,...

High performers to represent Union Assurance at MDRT Annual Meeting

Union Assurance is home to innovators that set the benchmarks for the Life insurance industry in Sri Lanka.

HNB introduces 7 Day Banking

?Hatton National Bank PLC (HNB), the premier private sector commercial bank in Sri Lanka, has introduced ‘7 Day Banking’ in order to better serve its customers around the country.

Singer Finance debentures snapped up

?The Rs.1.5 billion debenture issue of Singer Finance (Lanka) PLC was oversubscribed on the opening day (yesterday). The company issued 10 million rated, senior, secured, redeemable debentures at the par value...

Technology, quality and hyper collaboration top priorities: Deloitte Global CEO

?Punit Renjen took the helm Monday as the new Chief Executive Officer of Deloitte Touche Tohmatsu Limited (Deloitte Global) and defined the global organisation’s priorities, led by driving a shared sense of purpose across a network operating in more than 150 countries...

Combined forces to fuel MBSL’s growth

?The quarter ending March 31, 2015 signifies Merchant Bank of Sri Lanka & Finance PLC’s (MBSL) first quarter as a consolidated and unified entity, following the successful amalgamation with MBSL Savings Bank Ltd (MSB) and MCSL Financial Services Limited (MCSL)

Nations Trust Bank partners with Diners Club International

?Nations Trust Bank PLC (NTB), one of the fastest growing private banks in Sri Lanka, signed an agreement with Diners Club International to become the exclusive issuer and acquirer for Diners Club International in the country.

Seylan frees credit card holders for first time in Sri Lanka

?Seylan Bank PLC unveiled yet another groundbreaking product - Freedom credit card partnering with MasterCard at a recent press briefing to fulfil the needs of its every potential credit card holder.

Melsta Regal reinvents boundaries of financial service sector

?Using its unique positioning as a finance organisation, offering both banking and other finance services, Melsta Regal Finance has proved its success in comprehensive and lasting solutions to its customers’ working capital cycle. 

Union Bank launches ‘Make rest of your life best of your life’ campaign

?Union Bank recently launched a corporate campaign under the theme ‘Make the rest of your life the best of your life’. Launch of this fully integrated communication campaign is an integral part of the bank’s ongoing efforts to position itself...

Twenty four AIA wealth planners among world’s best

?AIA Insurance strongly believes in striving to be the best and a clear demonstration and benchmark of the insurer’s stature is illustrated this year by the fact that 24 wealth planners qualified to attend the Million Dollar Round Table...

Pan Asia Bank deploys MillenniumIT’s Infosys Finacle core banking platform

?One of the fastest growing commercial banks in Sri Lanka, Pan Asia Bank and MillenniumIT, Sri Lanka’s leading information technology solutions provider and part of London Stock Exchange Group...

MasterCard offers savings on Singapore Airlines Business Class

MasterCard partnered with Singapore Airlines to provide exciting offers to Business Class travellers. As part of the collaboration, the cardholders will receive up to 10 percent savings when booking Business Class return air tickets to Singapore,

Continental Insurance introduces Health Insurance plan

?Continental Insurance Lanka Ltd (CILL) recently launched ‘Health Insurance’, which offers you and your family the most inclusive health insurance cover, catering to a comprehensive range of medical needs, including a range of special benefits, tailored to suit your needs. 

KPMG to unravel FATCA compliant requirements

?In an effort to shed light on the FATCA compliance requirements, KPMG will be hosting a presentation on Friday, June 12, 2015, from at 9:00 a.m. to 12:15 p.m., at the Liberty Ballroom, Ramada Hotel, Colombo.

Eurozone bank stress tests set for 2016: report

?AFP - Europe’s banking supervisory board will carry out stress tests of big eurozone banks in 2016, according to an interview with the watchdog’s president Daniele Nouy released on Saturday.

Chinese biz delegation here for B2B meetings this week

?A 48-member high powered business delegation from China organised by the Beijing Lansing Century Exhibition Company Ltd. in association with Lanka Exhibition & Conference Services (Pvt) Ltd. will be visiting Sri Lanka to coincide with the Construction Expo 2015 in Colombo. 

SANASA Bank PBT up 261% to Rs. 205 mn for 1Q

?SANASA Development Bank PLC (SDB) recorded a 261 percent increase in its Profit Before Tax (PBT) for Q1 2015 over the same period in the previous year, closing the quarter with Rs. 205.45 million. 

President opens HDFC Polonnaruwa branch

?HDFC Bank, the bank with a track record of being the preferred financial partner for Sri Lankan’s aspiring to build their dream home for over three decades, opened its newest branch in Polonnaruwa recently. 

LB Finance relocates Wattala branch

?Financial pioneer LB Finance shifted its Wattala branch to No: 17, Station Road, Hendala Junction, Wattala, recently for the convenience of the customers in the area. ?Financial pioneer LB Finance shifted its Wattala branch to No: 17, Station Road, Hendala Junction, Wattala, recently for the convenience of the customers in the area. This occasion was graced by Executive Director Niroshan Udage, Executive Director March Perera, AGM Credit Ope

HSBC retains top ranking in Asiamoney’s Offshore RMB Poll

?HSBC has been awarded Best Overall Offshore RMB Products/Services in Asiamoney’s Offshore RMB Poll 2015. The bank also secured top ranking across all seven categories for the fourth consecutive year, further demonstrating its reputation as the leading player in offshore renminbi services. HSBC has been awarded Best Overall Offshore RMB Products/Services in Asiamoney’s Offshore RMB Poll 2015. The bank also secured top ranking acros