Cargills Bank reported a profit before tax of Rs. 206 million for the financial year 2022, recovering from a loss before tax of Rs. 369 million in the previous year, driven by robust growth inoperating income that offset erosions due to increased provisioning and operating costs.
Furthering National Development Bank PLC’s (NDB) commitment towards a greener planet and a sustainable business model, the bank entered into a memorandum of understanding with the Global Green Growth Institute (GGGI) recently, at the boardroom of NDB Bank, Nawam Mawatha, Colombo 2.
HNB General Insurance (HNBGI) closed on yet another impressive year, contributing handsomely to the overall achievement of the HNB Assurance group. HNBGI recorded an impressive growth of 21 percent in its gross written premium (GWP) as at end-December 2022, to reach Rs.6.8 billion.
The grand draw of People’s Bank’s People’s Remittance ‘Vaasi Kotiyai, Ewannai Dinannai’ bonanza, to choose the super winner of the Rs.10 million grand prize, took place at the People’s Bank, Overseas Customer Services premises, in Colombo 10, recently.
With a notable quarterly profit of Rs.959 million for the third quarter of the financial year 2022/23, People’s Leasing & Finance PLC’s (People’s Leasing/ PLC) Profit After Tax (PAT) for the period ended 31, December 2022 reached Rs. 1,637 million, demonstrating the company’s sustained ability to manage its core drivers in the midst of turbulent times while prudently managing the assets and liabilities.
Ceylinco Life celebrated its 35th anniversary and 19th year of market leadership with a spectacular annual awards event at which it recognised 259 exceptional performers with generous awards that fittingly rewarded their outstanding contributions to the company’s results in 2022.
Future Life Investments Limited (FLI), an up-and-coming microfinance company, won the Best Microfinance Company of the Year at BWIO International Awards, organized by Business World International Organization. This gala event was held recently at Taj Samudra Hotel, Colombo.
Commercial Bank’s credit and debit cardholders can look forward to discounts of up to 50 percent at more than 3,500 merchant outlets in addition to Easy Payment Plans this festive season, with the launch of the bank’s ‘Avurudu’ card offers for 2023.
HNB Assurance PLC, together with its fully-owned subsidiary, HNB General Insurance Limited, launched the 11th edition of Liya Harasara, an annual initiative aimed at paying tribute to the gracious spirit of womanhood and celebrating International Women’s Day.
Consolidating its position as Sri Lanka’s undisputed leader in retail banking, HNB PLC was once again crowned as the Best Retail Bank in Sri Lanka for the 13th occasion at the Asian Banker Global Excellence in Retail Financial Services Awards 2023.
Ceylinco Life policyholders received a mammoth Rs. 18.9 billion in net claims and benefits in 2022, as the company achieved its 19th consecutive year of market leadership in Sri Lanka’s life insurance sector with gross written premium income of Rs. 29.16 billion for the 12 months ending 31st December.
In an effort to support Sri Lanka by stabilising the nation’s economy amid an ongoing economic crisis, the International Finance Corporation (IFC), a member of the World Bank Group, has stepped forward to provide a cross-currency swap facility to Sampath Bank PLC, along with two other private banks.
Pan Asia Banking Corporation PLC reflected resilience amidst a multitude of adversities emerging from challenging macro-economic conditions, as the bank reported its financial performance for the year 2022, which showed judicious portfolio management and prudency exercised in managing asset quality.
As more Sri Lankans face concerns over their personal financial security, and that of the country, HNB is working to help raise awareness on the opportunities that every Sri Lankan can access, in order to develop their savings habits, and help drive an effective savings culture nationwide.
Commercial Bank of Ceylon’s impactful efforts to support the local SME sector were recently acknowledged on a global platform when the bank won the award for the ‘Best SME Bank’ in Sri Lanka from the New York-headquartered Global Finance magazine.
Fonterra to proceed with sale process for Consumer businesses
BOI signs US$ 12.16mn deal with Celogen Lanka
Nissan to lay off thousands of workers as sales drop
EU Ambassador meets new BOI Chief to discuss economic ties
SLCERT warns WhatsApp users against sharing OTPs to prevent hacking
EC gets tough with filming polling-related activities
Police, military on high alert for today’s General Election