Kanrich Finance appoints former UN director as its new chairman

As part of a comprehensive restructuring, Dr. Ravi Ratnayake, a former Chief Economist and Director of Trade and Investment of United Nations for Asia-Pacific Region (ESCAP), has been appointed as the Chairman / Director of Kanrich Finance Ltd.

ComBank declared ‘Best Bank in Sri Lanka’ by Euromoney again

The Commercial Bank of Ceylon has been conferred the coveted title of ‘Best Bank in Sri Lanka’ for the seventh time by Euromoney, one of the world’s leading financial markets magazines, at its Asia Awards for Excellence 2021.

BOC introduces new and improved Multi Currency Travel Card

‘BOC Multi-Currency Travel Card- MCTC’ is now upgraded with benefits that add more security and convenience with Near Field Communication (NFC) and 3-D secure authentication service for e-commerce transactions.

Sri Lanka Insurance recognised as a ‘Great Place to Work’ in Sri Lanka

Sri Lanka Insurance has been recognised as a ‘Great Place to Work’ in Sri Lanka reiterating the insurer’s commitment towards building an empowering working culture.

AIA’s Smart Wealth improves to offer unmatched investment opportunities for customers

with a view to addressing current market conditions, AIA Insurance recently redesigned and launched its flagship savings product, AIA Smart Wealth, enhancing its value and proposition to Sri Lankans.

Seylan partners with Ceylon Chamber to revive country’s SMEs

Seylan Bank has observed that COVID-19 has landed a heavy blow on Sri Lankan small and medium enterprises (SMEs), with wide spread adverse effects across multiple sectors and regions.

Sampath Bank marks 8th consecutive win at World Finance Banking Awards

Sampath Bank PLC has been recognized as Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’ for the 8thconsecutive year at the World Finance Banking Awards organized by the World Finance magazine based in the UK.

HNB digital merchant acquisition surges as customers adjust to cashless payments

Resistance to cashless transactions has rapidly given way to enthusiastic usage, as an unprecedented number of Sri Lankans are switching to digital banking channels, according to HNB Head of Cards, Gauthami Niranjan.

Epic Lanka and Credence Analytics develop next-gen wealth and custodian mgt. solution for BoC

Sri Lanka’s premier Fintech conglomerate Epic Lanka has partnered with Credence Analytics (Pvt) Limited to deploy a fully-fledged wealth and custodian management solution for Bank of Ceylon.

Fintrex Finance assists people and businesses impacted by Covid-19

In the backdrop of the global pandemic COVID-19 that impacted people and businesses, Fintrex Finance Limited strategically adopted a mutually beneficial methodology to assist and better manage its customers who faced difficulties in repayingtheir financial obligations in the form of loans and advances.

New office bearers appointed for Leasing Council of Bankers of Sri Lanka

The 5th AGM of LCBSL (Leasing Council of Bankers of Sri Lanka) was held recently where Kanchana Karunagama was appointed the new President taking over from outgoing President Gillian Edwards.

NTB Amex partners with Paycorp to offer innovative online payment capabilities

Expanding digital accessibility at a time of increasing demand for online transactions, Nations Trust Bank has entered into a strategic partnership agreement with Paycorp International to launch innovative and safer payment capabilities, benefiting both Nations Trust Bank American Expressmerchant business partners as well as cardmembers.

Softlogic Life Insurance appoints Sanjaya Mohottala and Lalith Withana to board

Softlogic Life Insurance PLC announced the appointment of Sanjaya W. Mohottala and Lalith Withana to the company’s board as Independent Non-Executive Directors, with effect from July 1, 2021, succeeding the two outgoing directors Ray Abeywardena and Sujeewa Rajapakse, who stepped down from the board on June 30, 2021, after serving the statutory period of nine years.

Union Bank appoints Economist and Public Policy Specialist as new Director

The Board of Directors of Union Bank of Colombo PLC announced the appointment of Economist and Public Policy Specialist Dr. Roshan Anne Perera as an Independent Non-executive Director, with effect from 05th July 2021.

Channa De Silva appointed as adviser to FASL

Channa De Silva was recently appointed as an adviser to the Fintech Association of Sri Lanka (FASL).

LOLC Finance now offers working capital at click of a button

Renowned for delivering innovative and real-world financial solutions, LOLC Finance PLC, Sri Lanka’s non-banking financial institution (NBFI) giant, has unveiled yet another cutting-edge financial service that provides a high degree of convenience to its customers.

HNB empowers women drivers with Pink Drives partnership for leasing

Empowering women drivers and commuters, Sri Lanka’s leading private sector bank HNB PLC partnered with ride-sharing app Pink Drives to offer lady drivers access to exclusive bundled leasing, insurance and card packages with special low-interest rates.

LB Finance introduces CIM mobile wallet

LB Finance launched its mobile wallet, ‘LB Cash-In-Mobile’ (CIM) with the aim of revolutionising the traditional cash payment habit among the Sri Lankans. CIM is essentially a smartphone app that functions as a digital wallet. In fact, it is a savings account, which sits inside your phone and functions as your wallet/purse. The company intends to make the CIM digital wallet an alternative for cash/currencies used for day-to-day low-value transac

Nations Trust Bank – Leading digital banking in Sri Lanka

Nations Trust Bank (NTB) has been a pioneer in digital banking innovation in Sri Lanka since its inception. As a new entrant into an industry already dominated by giants in 1999, the bank used innovation, digital enablement and unparalleled customer experiences to stand out. Over the last 20 years, the bank has transformed itself into Sri Lanka’s most progressive and digitally savvy bank. We sat down with Nations Trust Bank Chief Digital Officer

BOC inaugurates ‘InnovBank’ int’l symposium to revolutionise future banking landscape

Bank of Ceylon (BOC) recently inaugurated an international symposium on innovative banking titled ‘InnovBank’, commemorating the bank’s 80th anniversary, under the theme ‘Innovative Banking in a Smart World’.

Cargills Bank fosters senior citizens’ FDs with Cargills Food City

Cargills Bank has introduced attractive interest rates for senior citizens’ fixed deposits mingled with dscounts on pharmaceutical purchases at Cargills Food City by partnering with Sri Lanka’s leading modern retailer, Cargills Foods Company (Pvt.) Ltd.

Tax anomaly needs immediate correction for greater benefit of public, company: HNBA CEO

Following is an interview with HNB Assurance PLC (HNBA) CEO Deepthi Lokuarachchi, which is part of an interview series of S&P SL20 companies conducted by the Colombo Stock Exchange in partnership with Mirror Business.

‘BOC Digi’ opens at Marino Mall Colombo 3

Bank of Ceylon’s state-of-the-art ‘BOC Digi Centre’ opens its fourth outlet at the mega shopping complex Marino Mall Colombo 3.

Vallibel Finance 2Q earnings up 10%

Leading licensed finance company, Vallibel Finance PLC, saw its earnings for the September quarter (2Q20) improving to 10.4 percent year-on-year (YoY) to Rs.285.9 million amid the challenging operating environment that is prevailing in the country.

Cargills Bank shines with 3 awards at LankaPay Technovation Awards 2019

Cargills Bank won three awards for the second year in succession at the recent LankaPay Technovation Awards 2019.

BOC opens new branch in country’s first green town

The Bank of Ceylon entered the newly built Laggala Green Town, which replaced the old town that was submerged during the Moragahakanda Kalu Ganga reservoir project.

LVL Energy Fund records breakout financial performance

LVL Energy Fund PLC surpassed its outstanding financial performance in the previous year, by posting profit after interest and tax of Rs.571 million in 2018/19, compared to Rs.439 million in the previous financial year, which reflects a formidable 30 percent growth.

LOLC Group concludes financial year strongly with Rs. 26 bn PBT

LOLC Group releasing its year end results for 31 March 2019, registered another strong year to its stellar performance over the last decade.

Aitken Spence Turyaa Chennai awarded as ‘Best City Hotel’ at India Travel Awards

Turyaa Chennai, part of the renowned Aitken Spence Hotels, was recognised at the recently held India Travel Awards 2019-South as the ‘Best City Hotel’, further strengthening its position as an industry leader extending the best in service, product and offerings.

Union Bank strengthens leadership team

Union Bank announced the appointment of two new members to its leadership team recently.