CIMA completes Pakistan strategy review with MTI

?CIMA, the world’s largest professional body of management accountants, in consultation with MTI Consulting has completed a multi-stakeholder study to fine-tune its Pakistan market strategy.

ATOM re-launches Dharmapala Mawatha inaugural store

?ATOM Technologies, high quality retail, corporate and consumer media solutions providers, re-launched its portfolio at its inaugural store recently. 

HNB MOMO wins international award for Marketing Campaign of the Year

?Hatton National Bank (HNB) received an award for ‘Excellence and Leadership in Branding and Marketing’ at Golden Globe Tigers Summit Awards 2015, held recently in Malaysia.

BoC dedicates ‘Siri Medura’ home loans to the nation

?Bank of Ceylon (BoC) launched ‘Siri Medura’ - a best-in-class home loan offering to help its valued customers purchase and build their dream home - in five provinces. 

CDS to host regional training seminar for depositories

?Central Depository Systems (Pvt.) Ltd (CDS), a fully-owned subsidiary of the Colombo Stock Exchange (CSE), will host the 17th Annual Cross Training Seminar of the Asia-Pacific Central Securities Depository Group (ACG) in Colombo on May 12 and 13. 

NDB opens 88th branch in Pitakotte

?NDB extended its reach in the Western Province with the opening of its 88th branch in Pitakotte recently, offering a wide range of financial services to residents and businessmen of the area. 

Pan Asia Bank doubles 1Q’15 net profits to Rs. 177mn

?Pan Asia Banking Corporation PLC (PABC) has posted a net profit of Rs.177 million for the quarter ended March 31, 2015 (1Q’15) recording a growth of 106 percent from a year earlier. 

HSBC bank says Q1 net profits edges higher

?AFP: Scandal-hit global bank HSBC said yesterday that net profits climbed by almost one percent in the first quarter, aided by a “strong” performance at its investment banking division.

UAG ties-up with AMW to provide roadside assistance to female policy holders

?Union Assurance General is set out to work together with Associated Motorways (Pvt) Ltd in a joint initiative where UAG female policy holders will be granted roadside assistance in the....

Sampath Bank inaugurates 221st branch at Poojapitiya

?Poojapitiya residents are now able to conduct all their banking needs with ease and convenience at the newly established Sampath Bank branch at Main Street, Poojapitiya. 

Central Bank opens Kilinochchi Regional Office

?The Central Bank of Sri Lanka will commence operations of its newly constructed Regional Office in Ariviyal Nagar, Kilinochchi. The Kilinochchi Regional Office is to be declared open by Minister of Resettlement, Reconstruction and Hindu Affairs....

CAB Interbank Quiz on May 9

?It’s time to get ready for exciting Interbank Quiz. The date is Saturday 9 May – 4.30 pm. The venue is the Grand Ballroom, Colombo JAIC Hilton. The Clearing Association of Bankers (CAB) is organizing this popular event for the 23td time. 

NDB adjudged Leading Partner Bank in Sri Lanka

?The Asian Development Bank (ADB) backed by its AAA credit rating, works with over 200 partner banks to support import and export activities in Asia’s most challenging markets under its Trade Finance Programme. 

Asian Alliance Insurance fetes ‘Extraordinary 500’ sales force

?Driven by extraordinary creativity, innovative technology and talent, team Life Sales of Asian Alliance Insurance recently hosted its 14th annual sales convention. Centred on the theme of ‘Extraordinary 500’,...

DFCC and DVB relocate Negombo branch

?DFCC Bank, the country’s leading development bank, and its commercial arm DFCC Vardhana Bank (DVB), recently relocated their Negombo branch to a new and improved location.

‘How much is enough?’ Ceylinco Life asks in Retirement Planning Month campaign

?The impact of inflation on long-term savings, the principal bugbear in pensions computing, provides the theme for a month-long, country-wide campaign by Ceylinco Life this May to promote retirement planning.

Union Bank opens 10 new ATMs

?Union Bank of Colombo PLC (UBC) yesterday opened 10 new ATMs in Colombo and its suburbs, further expanding on its premise of bringing greater banking convenience to customers across Sri Lanka. 

Barclays bank 1Q profits halve; takes new forex charge

?AFP: British bank Barclays said yesterday that first-quarter profits halved after taking another £800 million (US $ 1.2 billion, 1.1 billion euros) provision mostly for costs over its alleged role in foreign excha nge market rigging.

Nations Factors – Easiest way to do business

?Nations Trust Bank (NTB) has now launched factoring service through all its branches and is available islandwide with its latest expansion drive to increase their reach in factoring and/Post-Dated Cheque Discounting products. 

HNB Sathkara to pay homage to pensioners

?Hatton National Bank (HNB) in partnership with the Pensions Department introduced ‘Sathkara’, a unique product with a host of exclusive benefits and privileges for pensioners.

AIA delivers strong 1Q 2015 results

?AIA Group Limited announced an excellent start to 2015 with 20 percent growth in value of new business (VONB) for the first quarter ended February 28, 2015.  

Amãna-Dialog tie up for bill payments

?Amãna Bank, Sri Lanka’s premier non-interest based banking solution provider, has tied up with leading telecommunications service provider, Dialog Axiata PLC, for the bank’s customers to pay their bills at any of the bank’s 24 branches located islandwide. 

Sampath expands ATM network to Imbulgoda

?The newest ATM of Sampath Bank was ceremonially opened at No.132/3A, Kanda Kapapu Handiya, PahalaImbulgoda, Imbulgoda by Sampath Bank AGM New IT Business Development Rajendra Ranasinghe together with Sampath Bank Kadawatha Branch Manager M.T.V.P. Dimuthu.

MBSL starts Sinhala and Tamil New Year with appreciation to customers

?Merchant Bank of Sri Lanka & Finance PLC (MBSL) opened its doors for business for the Sinhala and Tamil New Year on April 15 with the ‘Nakathata Ganu Denu’ with its customers.

CSE takes over SAFE Chairmanship

?The Chairman of the Colombo Stock Exchange (CSE) was unanimously elected as the Chairman of the South Asian Federation of Exchanges (SAFE) at the Annual General Meeting of SAFE concluded on April 26, 2015. Accordingly...

ComBank extends lending, multirole support to Northern revival

?The Commercial Bank of Ceylon has lent nearly Rs 250 million to small businesses and farmers in Sri Lanka’s northern region in the past four months, as part of a multifaceted on-going engagement to play a catalytic role in the economic and social resurgence of the area.

Union Assurance rewards top performers with foreign tours

?Union Assurance routinely rewards the strongest performers with tours overseas, giving them a lifetime experience. Eighty two top performers of 2014 were divided in to three teams based on their achievements...

SLI holds Mid Year Life Insurance Congress

?Sri Lanka Insurance held its Mid Year Life Insurance congress this month to facilitate its top performing Life Insurance sales personnel at the Citrus, Waskaduwa. 

Vallibel Finance opens Premier Center in Rajagiriya

?In its quest for creating better value for its customers, Vallibel Finance opened its newest Premier Center in Rajagiriya, bringing financial products to the cutting-edge in a locality witnessing a surge in up-market real estate and shopping. 

Amãna Takaful Life rewards ‘Who Wants to be a Millionaire’ achievers

?Amãna Takaful Life (ATL Life) recently rewarded achievers of ‘Who Wants to be a Millionaire’ - an achievement based reward scheme for employees who excel and perform beyond targets.