Insurance industry records GWP growth of 14% in 1Q21

The insurance industry was able to achieve a growth of 14.36 percent in terms of overall Gross Written Premium (GWP), during the first quarter of 2021, recording an increase of Rs. 7,211 million when compared to the same period in the year 2020.

NDB awarded as Most Innovative Digital Transformation – Sri Lanka 2021

During the recent past, NDB Bank has been rapidly growing its digital footprint, capturing the digital banking landscape faster than any local bank. Identifying the bank’s excellence in the digital arena, NDB has been crowned with the Most Innovative Digital Transformation – Sri Lanka 2021 award felicitated by the Cosmopolitan - The Daily a UK-based publication at the fourth Annual Cosmopolitan the Daily Business Awards 2021.

ComBank introduces banking services via Viber to Sri Lanka

Commercial Bank of Ceylon has become the first bank in the country to launch a facility that enables the bank’s account holders and non-customers alike to seamlessly enjoy real-time banking services delivered through an interactive artificial intelligence (AI) chatbot on Viber.

Seylan Bank partners with Superbox to facilitate a seamless shopping experience

Seylan Bank, the Bank with a Heart, announced an exclusive partnership with Superbox to provide a secure payment gateway service for its customers to carry out safe and secure transactions hassle-free.

DFCC Bank supports digital payment acceptance through LankaQR and VisaQR

DFCC Bank, the pioneer in commercial banking, has extended further support to delivery vendors by facilitating the acceptance of digital payments, through platforms such as LankaQR and VisaQR at Remarko Bakers Mobile Outlets.

HatchX: SL’s most disruptive fintech accelerator is back bigger, better for 2021

Despite being in its infancy, Sri Lanka`s fintech industry has made great strides over the years and one of the biggest came last year with the launch of the country’s first-ever fintech accelerator programme.

Sampath WePay presents Sri Lanka’s first Digital Man of the Match Award

Sampath Bank became the first bank in Sri Lanka to present a Man of the Match award digitally at a cricket match, giving away a prize purse of Rs.300, 000 through its widely popular digital wallet, Sampath WePay,at the recently held first ODI of South Africa’s tour of Sri Lanka.

Nations Trust Bank’s Amex offers extended settlement plans on MyFees.lk

Nations Trust Bank American Express recently announced its tie up with MyFees.lk making it convenient for American Express Cardmembers to settle any educational fee online at a range of leading educational institutions in Sri Lanka with the added advantage of an extended settlement plan.

NDB Wealth promotes social and financial responsibility

NDB Wealth Management as a responsible corporate citizen, promotes safety as a social responsibility and calls individuals and businesses to focus on being socially and financially responsible considering the current conditions in the country and world at large.

Allianz Lanka wins ‘Claims Initiative of the Year’ award at Insurance Asia Awards 2021

Allianz Insurance Lanka Ltd received the ‘Claims Initiative of the Year - Sri Lanka’ award at the Insurance Asia Awards 2021 held recently.

HNB shares insights from the ‘new normal’ in banking with leading Asian peers

Top management of Sri Lanka’s premier private sector retail bank, HNB PLC, shared insights on banking in the ‘new-normal’ with Asian industry leaders representing some of the region’s most dynamic banking giants, at the recently concluded 37th General Meeting and Conference of the Asian Bankers Association (ABA).

NDB offers world class multi-purpose card with unmatched offers

Credit cards are often considered to be a best friend when cash is tight and needs are high.

CAL introduces Video KYC technology to enable paperless onboarding for unit trust and equity investments

Capital Alliance Limited (CAL) has introduced Video KYC (Know Your Customer) via their CAL Customer Portal to facilitate paperless, digital signature backed onboarding for investment products, offering a winning combination of greater convenience and safety for individual customers.

ComBank’s ‘Flash’ named Digital Banking Initiative of the Year’

‘Flash’ – the Digital Bank account powered by Commercial Bank of Ceylon, has been presented the award for the ‘Digital Banking Initiative of the Year’ in Sri Lanka at the 2021 Asian Banking and Finance (ABF) Awards under the ‘Retail Banking Awards – Supporting Projects’ category.

Sanasa Life Insurance wins two World Economics Awards

Sanasa Life Insurance, a leading Micro Insurance Company in Sri Lanka was awarded ‘Life Insurance Covid 19 Response Initiative Sri Lanka 2021’ and ‘Most Sustainable Micro Insurance Company’ upon taking into consideration the special projects launched by the company during the pandemic.

HNB strengthens commitment to microfinance sector, eyes growth of agri portfolio

Sri Lanka’s leading private sector bank, HNB PLC, further strengthened its commitment to the microfinance sector, with a series of enhancements to its offerings, with a key focus on the agricultural sector recognizing its vast-untapped potential as a driver of growth in the country.

Orient Finance continues growth momentum in first quarter

Posting a steady performance, Orient Finance PLC recorded a profit before tax of Rs. 59 million for the first quarter of the financial year 2021-22, indicating a growth of 217 percent in comparison to the corresponding period of the previous financial year.

SDB bank records 53% profit increase in the first half despite pandemic

SDB bank is renowned for its dedication to be a leading partner of national development.

BOC partners with UnionPay to accept QR code payments in Sri Lanka

Bank of Ceylon (BOC) has partnered with UnionPay International (UPI) to offer UnionPay QR code payment service in Sri Lanka.

NDB excels at ABF 2021 with seven top awards

National Development Bank PLC and its subsidiary company NDB Investment Bank Ltd. together clinched seven awards at the recently concluded Asian Banking and Finance Awards 2021, organised by the Asian Banking and Finance Magazine of Singapore.

New life policies boost Janashakthi Insurance second quarter

Janashakthi Insurance PLC saw its premium incomes continuing its ascent during the three months ended in June (2Q21), specially from new life policies, as the uncertainties brought about by the pandemic since last year, set off a robust demand for life insurance policies.

ComBank launches Home Loans promo with low rates, big discounts

The dream of living in one’s own home has become more affordable with Commercial Bank of Ceylon once again announcing its special Home Loans promotion which offers reduced interest rates starting from 7 percent to government and public sector salaried employees and from 8.25 percent per annum for other sectors, with discounts of up to 40 percent from selected suppliers of building materials and fittings.

HNBA Group celebrates 20 years of operation

Reaching another significant milestone in its journey, HNB Assurance PLC Group celebrated its 20th year anniversary recently.

ComBank launches Call & Convert instalment plans

Commercial Bank of Ceylon has announced a new ‘Call and Convert’ facility that enables its credit card holders paying for education, health or insurance-related products and services and for online purchases to convert transactions of Rs.10,000 and above into easy payment plans.

Nations Trust Bank enables growth of SMEs

Nations Trust Bank (NTB) has sought to position itself as a partner to the small and medium enterprise (SME) sector, supporting SMEs for long-term prosperity, in the role of a responsible financial intermediary.

Fairfirst introduces Carefirst COVID-related information hub

Driven by fairness and fuelled by sensible optimism, Fairfirst’s commitment and passion to power the optimism of amazing Sri Lankans towards beating the challenges of a pandemic, is at the heart of its latest initiative, Carefirst.

AIA tailor-makes pension cover for Projar Lanka senior management and employees

AIA Insurance has designed a tailor-made pension scheme specially offered to the senior management and employees of Projar Lanka (Pvt.) Ltd, intended at ensuring their financial protection prior to and during retirement.

Ideal Finance opens Welimada branch; targets more than doubling network

Ideal Finance Limited (IFL) has opened its 13th branch in Welimada, as part of the company’s massive expansion drive to more than double its branch network, by adding 15 new locations within the current financial year (FY 2021/22).

Seylan Bank unveils Visa Business Banking debit card

Seylan Bank, the Bank with a Heart, recently unveiled the first-ever Seylan-Visa Business Banking debit card for its SME customers to convert cash transactions to POS.

DFCC Bank partners with JAT Holdings to facilitate easy payment plans and cashback for all premium JAT products

DFCC Bank announced its new partnership with JAT Holdings Limited, supported by the bank’s renowned 0 percent 12-month Easy Payment Plan for top-of-the-line JAT products that provide significant benefits to all interested DFCC Bank cardholders.