Ceylinco VIP On The Spot announces Rs.1mn medical cover

From this week (15th) onwards Ceylinco VIP On The Spot policy holders could enjoy the benefit of Rs.1 million cover on medical, which is introduced as a new innovation to the existing motor insurance policy.

Over 450 people win foreign tours through AIA Insurance’s Real Rewards

AIA Real Rewards, one of the most extensive customer rewards programmes in Sri Lanka’s insurance industry has just completed two years. Over 450 people have stamped an exotic tourist destination on their passports and enjoyed a vacation, in the past 2 years, thanks to AIA. 

Ceylinco Life’s top policyholders get close-up viewing of Kandy Perahera

A chance to view the Kandy Esala Perahera from one of the best vantage points in the city was accorded to policyholders of Ceylinco Life who belong to the company’s Premium Club and members of their families.

JB Vantage bags Gold for best unit trust again

JB Vantage Money Market Fund, part of the JB Financial portfolio, won Gold for Best unit trust for the second consecutive year at the recently held CFA  Capital Markets Awards 2017. 

NDB Securities ranked among top 3 research teams for second year

NDB Securities (NDBS) was recognized for the second consecutive year at the recently held CFA Sri Lanka Capital Market Awards 2017, taking home the Bronze award for Best Stockbroking Research Team. 

NTB credit cards holders get chance to witness Abu Dhabi Grand Prix

Experience the sheer thrill of speed this November by simply using a Nations Trust Bank American Express or Nations Trust Bank MasterCard Credit Card to pump fuel for Rs. 2,500 or more at any fuel station island-wide. 

HDFC launches exclusive banking centre at Hyde Park Corner branch

The HDFC Bank opened a dedicated service centre for loans at the bank’s Hyde Park Corner branch premises. The bank expects to provide a customized service for its customer at this center. 

National Forum for Life Insurance Advisors to enhance public awareness on insurance

The National Forum for Life Insurance Advisors (NAFLIA) will take place for the 8th consecutive year with 2017’s theme being, “Towards the Day All Sri Lankans are Insured- ‘Are we ready?’ The forum is anticipated to bring together top-level Life Insurance advisors from across the country and provide them with a platform for knowledge sharing and networking. 

NDBIB-CRISIL expand fixed-income index portfolio for Sri Lanka

NDB Capital Holdings PLC and CRISIL Ltd have announced the launch of 9 new fixed-income indices in Sri Lanka.

ComBank expands social media offerings with attractive new features on Viber

Commercial Bank of Ceylon has further broadened its social media presence with attractive new offerings on Viber, the free, cross-platform instant messaging and voice over IP (VoIP) app. The bank currently maintains the only public Chat Account verified by Viber in the banking sector in  Sri Lanka.

Softlogic Finance opens new Kottawa branch

Continuing on its journey to better serve a growing base of valued customers, Softlogic Finance PLC announced the further expansion of its branch network with the opening of a fully-fledged new branch in Kottawa recently.

NDB bags Gold at CFA Sri Lanka Capital Market Awards

National Development Bank PLC (NDB) was crowned with the Gold award for best investor relations at CFA Sri Lanka Capital Market Awards 2017, which was held recently at The Hilton Colombo.

DFCC Bank selects Webxpay as payment partner

Working to enable a new paradigm in the e-Commerce led growth of Sri Lanka, DFCC Bank announced a vibrant new partnership with Webxpay to connect the bank’s customers to e-Commerce merchants. 

NTB upgrades Pettah branch

Nations Trust Bank’s branch at Pettah (Bankshall Street) has been refurbished and is now equipped with a more spacious interior with even more facilities such as a 24/7 cash deposit machine (CDM), business banking, leasing and hire purchase, investment products, trade financing, factoring, remittance services and all other banking services. 

Save Your Monkey announces official launch with ‘Amaya’

Saveyourmonkey.com, Sri Lanka’s pioneering Insurtech startup which began operations earlier this year, announced their official launch following the trilingual launch of Sri Lanka’s first digital insurance agent, ‘Amaya’. 

Changes in Pan Asia Bank’s director board

Pan Asia Bank recently announced of two changes to its Board of Directors. 

CFA Sri Lanka Capital Market Awards recognize best in investment profession

The fifth annual CFA Sri Lanka Capital Market Awards 2017 was held at The Hilton Colombo recently, under the theme ‘Sharpen your investment edge’ with the objective of encouraging those in the investment profession locally to uphold the standards of best practice, excellence and financial market integrity.

NDB holds Investor Forum for 1H17

National Development Bank PLC (NDB) held an Investor Forum recently to present the financial performance for 1H 2017, at Galadari Colombo.

AIA Sri Lanka attends MDRT Annual Meeting

Thirty five MDRT members from AIA Sri Lanka participated in the recently held MDRT Annual Meeting held in Orlando, Florida, USA.

Amãna Bank launches programme for children’s saving account holders

Amãna Bank, pioneers of the non-interest-based banking model in Sri Lanka, has once again launched an attractive programme to all its children’s savings account holders and potential account holders, where everyone has an opportunity to receive exciting gifts as they grow their account balances.

Mastercard and PayPal expand partnership in Asia Pacific

Mastercard and PayPal announced an extension of their partnership into Asia Pacific to enhance the consumer experience and make Mastercard a clearpayment option within PayPal.

Cargills Bank introduces first-ever chip, PIN and contactless smart debit card in Sri Lanka

Cargills Bank proved its ability to deliver value in double quick time to its customers by making available the first-ever smart Mastercard debit card in the country with the chip, PIN, contactless and EMV-compliant technology. 

Combank launches ‘Loan on FD’ to offer emergency cash

The Commercial Bank of Ceylon has launched a fixed deposit linked facility that provides depositors with credit that can be drawn and utilised in full or in part at their discretion while their deposits earn interest.

Annual get-together of leasing industry stakeholders

The annual get-together of officials and professionals in the leasing industry will take place tomorrow at the Taj Samudra from 7.00 p.m. onwards.

HNB takes top honours at CMA Integrated Reporting Awards 2017

Hatton National Bank (HNB), won significant recognition at the recently concluded Excellence in Integrated Reporting Awards 2017, winning an award for the Ten Best Integrated Reports.

BOC introduces multi-currency pre-paid travel card

Power-up your wallet with the ‘BOC Travel Card’ as your most trusted companion before you begin your foreign tour wherever you would want to go. 

Central Bank conducts first treasury bonds auction under new system

The CBSL conducted its first Treasury Bond auction under the new issuance system on July 27th.  The new transparent hybrid system draws on the strengths of a market based auction system, while accommodating the compulsions of having to raise Rs 1 trillion worth of bonds in a relatively thin market to meet the government’s borrowing requirement in 2018.

Amana Bank June profit up on stretched margins but sour loans expand

Amana Bank PLC, Sri Lanka’s first non-interest based Islamic bank reported an earnings of 7 cents a share or Rs.85.2 million for its most recent quarter ended in June 30, 2017 (2Q17) as it managed to stretch its margins but the doubtful and sour loans increased, the interim results showed. 

Euromoney crowns NDBIB as Sri Lanka’s Best Investment Bank again

Repeating its feat for the sixth consecutive year, NDB Investment Bank (NDBIB) was once again crowned as ‘Sri Lanka’s Best Investment Bank 2017’ by the prestigious Euromoney Magazine.

Insurance industry records 17% GWP growth in 1Q

The insurance industry recorded a growth of 17.10 percent, in terms of gross written premium (GWP), during the first quarter of year 2017 when compared to the same period in the year 2016.