LB Finance joins hands with MMBL to provide Western Union services

LB Finance PLC is expanding its range of value-added services to its esteemed customers by joining hands with MMBL Money Transfer (Pvt.) Ltd to offer Western Union Money Transfer services. 

Epic Mobile Wallet launched at Seamless Payments in Middle East

Premier and award winning regional technology leader, Epic Technology Group, synonymous with innovative and superior FinTech solutions, brought about huge excitement at the Seamless Payment Exhibition held in the Middle East recently with its flagship product the ‘Epic Mobile Wallet’. 

Save Your Monkey SME Conference on June16

Save Your Monkey (SYM) an online insurance product comparison platform that debuted recently has embarked on a new initiative to empower small and medium-sized businesses in the country. 

NDB Wealth launches Private Wealth Centre

NDB Wealth recently relocated its office to a spacious and purpose- built new facility to service its private wealth clients. 

Fairfirst Insurance relaunches ‘Buhuman’ health insurance policy

The Government Pensions Department together with ColomboRe Insurance Brokers and Fairfirst Insurance relaunched ‘Buhuman’, a unique health insurance policy, on 10thMay. 

NDB signs Umaria as brand ambassador for new product

NDB recently signed an exclusive agreement with the famous singer Umaria Sinhawansa as Brand Ambassador for a new product. 

DFCC Bank together with Synapsys introduces Oracle Planning and Budgeting Cloud Service

DFCC Bank and Synapsys along with their partner Oracle recently launched the Oracle Planning and Budgeting Cloud Service together with a Customer Profitability Analytics (CPA) system, which is built on Oracle’s leading platform. 

ComBank’s online banking customers win iPhones

Six Commercial Bank customers who used the bank’s online banking service over three months have been rewarded with iPhones under a promotion conducted by the bank. 

CDB March quarter net up 22% over lower provisions

Citizens Development Business Finance PLC, a licensed finance company commonly known as CDB, for the March quarter (4Q17) reported earnings of Rs.394.4 million or Rs.7.26 a share, which translated to an increase of 22 percent year-on-year (YoY), the interim financial accounts showed.  But the company’s core-financing business and fee incomes were seen adversely impacted by the rising interest rates and also perhaps by the slowdown in l

ComBank hosts seminars for SMEs in Polonnaruwa, Gampaha

An ongoing initiative of Commercial Bank of Ceylon to develop entrepreneurship in the small and medium enterprise (SME) sector benefitted 341 entrepreneurs in the Polonnaruwa and Gampaha areas, the majority of them women.

LSEG LiveOps solution suite receives ISO 20000 certification

LSEG LiveOps, the specialised team within London Stock Exchange Group’s (LSEG) recently established Shared Service Centre (BSL, Sri Lanka), was recently awarded the ISO 20000 Certification in recognition of its IT Service Management Excellence.

HNB completes SME sustainability workshops in Greater Colombo, South Western regions

Continuing its pioneering efforts in the small-medium enterprise (SME) segment, Sri Lanka’s premier private sector commercial bank, HNB PLC, announced the completion of two workshops aimed at improving the financial literacy within  the sector.

Amãna Takaful celebrates 18 years in insurance industry

Takaful is a concept of joint guarantee or mutuality, which simply means that any Takaful (insurance) contract is transparent and participatory. The participant is the Takaful certificate holder and thereby an active party in the deal. Together with the trustee (Takaful provider), the risk is shared as opposed to the conventional practice wherein the risk is passed on.

Delivering steady growth year after year: Sampath Bank CFO elaborates on bank’s performance

Sampath Bank PLC (Sampath Bank) posted a record profit after tax (PAT) of Rs.9.1 billion for the financial year ended December 31, 2016, the highest ever since its inception 30 years ago in 1987. 

Softlogic Life Insurance and ComBank establish key bancassurance partnership

Softlogic Life Insurance PLC has entered into a long-term, strategic bancassurance partnership with Commercial Bank of Ceylon PLC, paving a way to distribute life insurance solutions by Softlogic Life through the bank’s islandwide branch network. 

ComBank offers concessionary Green Energy Loans in June

Commercial Bank of Ceylon has announced concessionary rates on Green Energy Loans during the month of June, as part of the bank’s commitment to the celebration of the World Environment Day, which fell on June 5.

DFCC Bank-DIMO to offer affordable leasing for Tata vehicles

DFCC Bank recently signed a memorandum of understanding (MoU) with Diesel & Motor Engineering PLC (DIMO), to facilitate the leasing of Tata vehicles at an affordable price, to customers across its branch network. 

DFCC Bank relaunches Vardhana Sahanaya to help flood-affected communities

DFCC Bank has relaunched Vardhana Sahanaya to help the people affected by the recent natural disaster to rebuild their lives in the aftermath. 

NTB relocates Aluthgama branch

Nations Trust Bank (NTB) has moved the Aluthgama branch to a new, spacious and convenient location at No. 411, Galle Road, Aluthgama. 

Janashakthi offers free breakdown assistance to vehicle owners affected by floods

Expressing its solidarity with all fellow Sri Lankans affected by the recent adverse weather conditions, Janashakthi General Insurance Limited announced that Janashakthi Full Option will be carrying out a free breakdown assistance service across areas affected by the floods.

Ceylinco Life policyholders tour Dubai

A spellbinding four-day visit to Dubai was the sensational reward won recently by a group of Ceylinco Life policyholder families in the second phase of the life insurance leader’s ‘Family Savari’ mega promotion.

BOC represents Sri Lanka at ‘Belt and Road’ bankers roundtable

The Bank of Ceylon’s (BOC) Chairman, Ronald C. Perera joined the ‘Belt and Road Initiatives- Bankers Roundtable’ discussion held recently in Beijing China, as the only Sri Lankan to participate at this summit. 

HNB teams up with Parkway Hospitals to offer priority healthcare services to Club members

HNB signed a Memorandum of Understanding (MOU) with Parkway Hospitals Singapore, a joint endeavor that paves the way for a new era of collaboration between a bank and a private medical institution. 

Commercial Bank and United Motors launch new leasing promo

Attractive benefits have been announced for businesses or individuals seeking to purchase trucks and buses from United Motors on lease from the Commercial Bank of Ceylon.

NTB Amex cardholders get 40% off at all Cinnamon Resorts

Nations Trust Bank American Express is offering its cardmembers a 40 percent savings on accommodation at all signature Cinnamon Resorts, island wide. 

Vallibel Finance opens branch in Nuwara Eliya

Vallibel Finance set alight world renowned Nuwara Eliya, bringing its renowned brand of financial services to a city blessed with a breathtaking landscape and a multi-faceted economy. 

Sri Lanka Insurance at new premises in Kegalle

Sri Lanka Insurance Kegalle branch office was relocated at a state-of-the-art office complex last week to provide a speedier and more efficient service to its customers. 

Second General Insurance Sales Congress concludes on high note

Organized by the Insurance Association of Sri Lanka (IASL), the second annual General Insurance Sales Congress (GISCO) was held on the 25th of May 2017 at the Water’s Edge in Battaramulla.  The event was attended by over 500 delegates from various insurance companies and other related organizations as well as the crème de la crème of the industry. 

ComBank’s Exchange House in Italy appoints agent in Verona

Commex Sri Lanka S.R.L., Commercial Bank’s fully-owned subsidiary in Italy for money transfers, recently appointed Air Connect Travels & Tours of Via Valeggio, Verona, as its authorised agent in the city. 

HSBC Sri Lanka wins prestigious Asiamoney Award

HSBC Sri Lanka has been awarded as the Best International Bank by Asiamoney in the first Asiamoney Country Awards held this year.