BOC opens new Ran Kekulu accounts for August newborns

In line with the bank’s 78th anniversary, Bank of Ceylon (BOC) opens new Ran Kekulu accounts and makes the initial deposit of Rs.250 to all babies born during August 1 and December 31, 2017.

AIA offers trip to Malaysia for Vitality Wellness Festival

Did you know that you can ‘Walk to fly to Malaysia’?  All you have to do is download the AIA Vitality app, sign up and start walking to achieve your targets. If you achieve your step targets, you’ll stand a chance to win a fully-paid trip to Malaysia for the AIA Vitality Wellness Festival, scheduled for September 22, 2017.  

MBSL reopens Gampaha branch with new outlook

Merchant Bank of Sri Lanka & Finance PLC (MBSL) recently reopened its newly refurbished Gampaha branch, at No. 390, Colombo Road, Gampaha, with the objective of providing a more convenient and accessible service to its valued customers. 

NSB partners Mobitel to launch ‘i Saver’

NSB, Sri Lanka’s savings giant, has joined hands with Mobitel, the national mobile service provider, to create a new digital environment of convenience and flexibility in saving money.

Higher investment income propels Amana Takaful June profits

Sri Lanka’s Amana Takaful PLC turned a net profit of Rs.34.1 million for the Q2 2017 from a loss of Rs.40.7 million a year earlier, largely due to the substantial increase in investment incomes as the top line growth remained moderate, the interim results showed. 

Janashakthi Insurance sees slowdown in new policies during 2Q as premiums moderate

The slowdown in vehicle imports and difficult economic conditions faced by policy holder may have impacted Janashakthi Insurance PLC’s June quarter (Q2) as the top line growth moderated while the claims increased, the interim financial accounts filed by the group showed.   

NTB Amex credit cards offer 10% savings on insurance premiums

Ensuring their customers settle for nothing short of the best option, Save Your Monkey has partnered with Nations Trust Bank to offer zero percent interest installment plans on American Express credit cards when purchasing insurance policies via saveyourmonkey.com. 

Sampath Bank extends customer convenience in Matara

Continuing to scale up its service offerings to the nation’s entrepreneurs, Sampath Bank opened a Trade Unit at its Matara Super Branch recently to cater a vital segment of the Sri Lankan economy involved in international trade. 

CMA President promotes integrated reporting with Indian Cost Accountants Institute President

Professor Lakshman R. Watawala visited the Institute of Cost Accountants of India at their office in New Delhi to meet with and congratulate the new President Mr. Sanjay Gupta who was elected President on the 26th July 2017.

Fairfirst introduces SL’s first dengue insurance policy

As a response to the recent dengue epidemic in the island, Fairfirst Insurance has developed this unique insurance product. 

Colombo investor forum draws strong local investor interest

Following a successful Investor Forum in Negombo, the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) conducted the second investor forum  in Colombo. 

Thimal Perera appointed new Deputy CEO of DFCC Bank

DFCC Bank PLC announced the appointment of Thimal Perera as the bank’s new Deputy CEO, with effect from 16 August 2017. 

HSBC and IBM develop cognitive intelligence solution to digitise global trade

HSBC, the world’s leading trade finance bank, is working with IBM to develop a cognitive intelligence solutioncombining optical character recognition withadvanced roboticsto make global trade safer and more efficient for thousands of businesses.

ACCA Global President visits CMA Sri Lanka

Global President of the Association of Chartered Certified Accountants (ACCA) Brian McEnery paid a courtesy call to the Institute of Certified Management Accountants (CMA) office in Sri Lanka recently. He was welcomed by the President of CMA Prof.  Lakshman  R. Watawala and the management team of CMA  Sri Lanka. McEnery, was accompanied by Nilusha Ranasinghe, Head of ACCA Sri Lanka, and several other officials from ACCA.

People’s Insurance head office moves to new premises

People’s Insurance Limited ; the insurance arm of People’s Bank and People’s Leasing & Finance Group re-located the headquarters at its modern office complex at Havelock Road, Colombo – 05.   People’s Bank Chairman Hemasiri Fernando was the Chief Guest at this occasion with the 

Union Bank introduces new mobile banking experience

Union Bank announced the launch of its mobile application with the aim to offer an easy, quick and convenient banking experience to its clients. 

Lakshman Silva appointed Chief Executive Officer of DFCC Bank

 DFCC Bank PLC announced the appointment of Lakshman Silva as the bank’s new CEO, with effect from August 16th.

Amãna Bank rights issue infuses US$ 22 mn FDI to economy

Amãna Bank’s recently concluded 1 for 1 rights issue and brought in foreign direct investments valued at over US$ 22 million to the country. 

People’s Bank marks Int’l Youth Day with YES Savings account benefits

Commemorating International Youth Day, People’s Bank offers an attractive bundle of benefits to the Sri Lankan Youth through the YES Savings account. 

HSBC appoints new retail banking and wealth management country head

HSBC Sri Lanka has appointed Nadeesha Senaratne as Country Head of Retail Banking and Wealth Management with effect from July 01, 2017.

Twenty Sri Lankan Wealth Planners’ Managers attend AIA Leadership Summit

Twenty of AIA’s top performing Wealth Planners’ Managers recently attended the AIA Leadership Summit, held at the AIA Leadership Centre located at the AIA Sathorn Tower in Bangkok. 

Union Bank wins big at CMO Asia Awards 2017

Union Bank was conferred three prestigious awards for excellence at the CMO Asia Awards 2017, concluded in Singapore recently.  

National Forum for Life Insurance Advisors to be held this week

The Insurance Association of Sri Lanka (IASL) has announced that the annual National Forum for Life Insurance Advisors (NAFLIA) will be held on August 17, at the BMICH. 

NDB offers balance transfer at 0.9% from 3 months up to 36 months

NDB in its effort to ease off consumer credit card burden, has launched its credit card balance transfer option earlier this year with attractive handling fees.  

SDB deploys efficient loan collection mechanism

SDB bank has introduced a broader and efficient mechanism to collect loan payments from its customers under the name ‘Tele-collection’. 

Fitch upgrades Sri Lanka Insurance Corp’s national ratings

Fitch Ratings has upgraded Sri Lanka Insurance Corporation Limited’s (SLIC) national insurer financial strength (IFS) rating and national long-term rating to ‘AA+(lka)’ from ‘AA(lka)’ and assigned a  ‘Stable’ outlook. 

HDFC Bank placed on ‘Rating Watch Negative’

Fitch Ratings has placed Housing Development Finance Corporation Bank of Sri Lanka’s (HDFC Bank) national long-term rating of ‘BBB(lka)’on ‘Rating Watch Negative’ (RWN).

CSE-CSBA present investment research to local institutional investors

The Colombo Stock Exchange (CSE) in association with the Colombo Stock Brokers’ Association (CSBA) recently launched a series of events presenting investment research on companies featured on the S&P SL 20 Index, to an exclusive audience of local  institutional investors. 

ComBank-Visa launch DragonPass Airport Companion Programme

Commercial Bank of Ceylon has become the first bank in Sri Lanka to partner with Visa to offer its premium credit card holders exclusive travel-related benefits at more than 900 airports around the world.

MBSL increases efficiency by relocating Matara branch

Merchant Bank of Sri Lanka & Finance PLC (MBSL), which opened in Matara on April 4, 2006, upgraded and relocated the branch to a spacious new premise in Nupe Matara last Saturday.