Fairway Holdings acquires Multi Finance

Fairway Holdings, a rapidly diversifying conglomerate, recently acquired Multi Finance PLC under its umbrella with a view to giving this erstwhile financial institution that is known for its trust for 42 years and excellent array of financial services a veritable boost to serve its clients even better.

NDBIB becomes first Lankan investment bank to manage an offshore IPO

NDB Investment Bank (NDBIB) successfully raised US $ 28 million (Rs.4.2 billion) via the initial public offering (IPO) of Ooredoo Maldives PLC, a subsidiary of Qatar-based international telecommunications giant Ooredoo Group, which is present in over 10 countries with a total subscriber base of over 138 million.

Sampath Bank named ‘Most Innovative Bank’ at LankaPay Technnovation Awards

Continuing to win accolades for its spirit of innovation, Sampath Bank was recognized as Sri Lanka’s ‘Most Innovative Bank’ at recently held LankaPay Technnovation Awards 2017.

Amãna Bank to hold EGM on July 4

Amãna Bank will be holding an extraordinary general meeting (EGM) on July 4, 2017 in order to get the shareholder endorsement for the bank’s forthcoming rights issue. 

AIA Tower now open for business

AIA Insurance’s brand-new head office building, the AIA Tower, is located at No: 92, Dharmapala Mawatha, Colombo 7.

Vallibel Finance shines with two global awards

Vallibel Finance PLC has been awarded as the fastest growing finance company in Sri Lanka as well as for the most innovative finance product in Sri Lanka by Global Banking & Finance Review, which is a global awarding body based in the UK.

LankaClear-EY partner for LankaPay Technnovations 2017 Awards

LankaPay Technnovation Awards 2017, the pioneering payment technology innovation awards, is the only event in the country geared to recognize the true innovations in the financial sector in relation to payment systems. In order to obtain the required assurance on the processes followed to select the winners for this inaugural awards, LankaClear (Private) Ltd partnered Ernst & Young (EY).

Union Bank of Colombo bags four LankaPay Technnovation Awards 2017

Union Bank of Colombo PLC gained significant recognition at the inaugural LankaPay Technnovation Awards event held on June 20, at The Kingsbury Hotel.  

LIC Lanka GM goes back to India on high note

LIC Lanka Ltd General Manager Marketing and Operations Harvinder Singh has been repatriated to his parent company, Life Insurance Corporation of India, in its corporate office in Mumbai.

DFCC Bank recognised at ADFIAP Awards for SME development

t the recent ADFIAP (Association of Development Financing Institutions in Asia and Pacific) Awards Night held in Macau, DFCC Bank won an award under the SME Development category for setting up a specialised unit for development of micro and small medium enterprises (MSMEs).

LankaPay Technnovation Awards 2017 hails payment technology innovators

Organised with the objective of driving financial inclusivity in the country by fuelling the use of electronic transactions, Sri Lanka’s first and the only payment technology innovation awards – LankaPay Technnovation Awards 2017 – reached its climax recently.

ComBank relaunches ‘Millionaire Account’

Commercial Bank of Ceylon has relaunched its popular ‘Millionaire Account’ to enable a larger group of aspiring savers to open accounts and benefit from its unique structure.

Mastercard expands Labs in Asia Pacific to develop innovative payment solutions

Mastercard Labs has reaffirmed its commitment to being pioneers of a world beyond cash by opening a new innovation showcase, housed at its new Asia Pacific headquarters. 

Ceylinco Life ‘Degree Saver’ helps save for children’s higher education

A new life policy that helps parents save for the higher education of their children has been launched by Ceylinco Life, in recognition of the ever-escalating costs of overseas university education.

NDB launches ‘Savings Planner’

National Development Bank PLC (NDB), as a bank that strives to instil and inspire the nation to save, launched its latest product to the market – ‘NDB Savings Planner’. 

RDB relocates Anuradhapura city branch

Regional Development Bank (RDB), the largest development bank in the island, relocated its Anuradhapura city branch to a more spaciously and a conveniently accessible location at No.133, Main Street, Anuradhapura, in a bid to provide a better and modern service experience to the customers in the area.

HNB revamps Pathum Vimana rewards

Expanding on the its pioneering efforts to incentivize the savings habit, Sri Lanka’s most innovative bank, HNB PLC, called upon all of its customers to utilize its unprecedented new level of service offering to engage with the bank and ensure that they claim all the valuable rewards available to them with HNB Pathum Vimana Rewards  

NDB approves home loans in three days

‘A new home of your own’ as exciting it may be, at times could be an overwhelming affair. It might be building a new house, purchasing land, renovation, adding an extension to your existing home, buying a home or apartment.

NDB Wealth marks 25 years as industry leader

Expert financial planner NDB Wealth recently marked 25 years in operation with a simple, yet tasteful, celebration for staff. 

Softlogic Finance relocates Bambalapitiya branch

Building on its strong growth momentum gathered by the company in 2016, Softlogic Finance PLC opened its newly relocated Bambalapitiya branch on June 1st situated at No. 292/B-C, Galle Road, Colombo 04.         

Over 50 ComBank branches to be kept open on June 26

The Commercial Bank of Ceylon has announced it will keep more than 50 branches open for business on 26thJune, a Public and Bank holiday to mark Id-Ul-Fitr – Ramazan Festival Day.

Serious Fraud Office charges Barclays, ex-CEO over Qatar funding

AFP: Britain’s Serious Fraud Office said yesterday it had charged Barclays, a former chief executive of the banking giant and three other ex-managers, with “conspiracy to commit fraud” linked to emergency fundraising from Qatar during the financial crisis.

Financial industry vie for recognition at LankaPay Technnovation Awards today

In a quest to drive financial inclusivity in the country by fueling the use of electronic transactions, Sri Lanka’s first and the only Payment Technology Innovation Awards – LankaPay Technnovation Awards 2017 gets underway tonight at Kingsbury Hotel Colombo under the distinguished patronage of Dr. Indrajit Coomaraswamy, Governor of the Central Bank of Sri Lanka, as the Chief Guest. 

Pan Asia Bank online introduces top-up eZ Cash accounts

Sri Lanka’s pioneering and largest mobile money network, eZ Cash, is partnering with Pan Asia Bank to top-up eZ Cash accounts via Pan Asia Bank internet banking anytime, anywhere from a smartphone, laptop or tab.

Sampath Bank revolutionizes payments landscape with ‘PayApp’

Continuing to bring innovative banking solutions to the Sri Lankan market for over 30 years, Sampath Bank announced the launch of a revolutionary digital payment platform, the Sampath PayApp, recently.

ComBank named ‘Best Bank’ for 7th time by FinanceAsia

The Commercial Bank of Ceylon PLC has been adjudged the ‘Best Bank in Sri Lanka’ by FinanceAsia at the magazine’s annual Country Banking Achievement Awards for domestic banks.

Cargills Bank gears to expand presence in rural areas

Cargills Bank Limited has reported improved performance for the three months ended March 31, 2017. 

Seylan Bank wins 2 Golds at Golden Globe Tiger Awards 2017

The most socially-engaging bank in Sri Lanka, Seylan Bank, won two major international awards for its performance on the social media platform at the Golden Globe Tigers Awards 2017 organised by the CMO Asia team. 

HSBC sees fewer London jobs move on softer Brexit hopes

REUTERS: HSBC sees the chances of a hard Brexit receding after Britain’s shock election result, which could result in fewer jobs moving out of London, its investment bank chief said.

Pulungupitiya and Rakwana RDB branches moved to new locations

RDB branches of Puiungupitiya and Rakwana moved into new and modernized locations on 8th May  at No.84/A, Pothgul Vihara Mawatha, Rathnapura and No.2/21, Main street, Rathnapura respectively, to provide better facilities to its customers.