Amana Bank March quarter profits surge amid better pricing, other incomes

Amana Bank PLC put on a better show during its March quarter ahead of its Rs.4.75 billion rights issue announced earlier this month. The performance reflected better management of margins while the fee and commission incomes also rose cushioning the bottom line. 

Adl Capital secures US $ 10mn facility for LOLC Al-Falaah

Adl Capital Limited was successful in securing a US $ 10 million funding line for LOLC Finance’s Islamic business unit, Al-Falaah, from a leading Islamic financial institution based in the Middle East. 

CMA conducts CPD seminar on big data analytics

A continuing professional development (CPD) seminar on big data analytics for accounting was organised by the CPD Committee of the Institute of Certified Management Accountants of Sri Lanka (CMA) recently, at the CMA auditorium.

NDB opens 106th branch in Kottawa

NDB recently opened its latest branch in Kottawa in a bid to support the economic and livelihood development in the Colombo District. 

Seylan Bank offers card members great deals at Cinnamon Hotels & Resorts

Seylan Bank offers its esteemed credit card members fabulous holiday experiences at exquisite Cinnamon’s resort properties this season. 

SDB Dayada account offers better future for children

The SDB Dayada account offers you the opportunity to avail the amount of money that you target to have once your child will turn 18 years, with a lump sum deposit that you make today.

Seylan Ethera Kasi – Methara Wasi draw rewards over 200 remittance customers

Two lucky winners walked away with cash prizes of Rs.100,000 each during the first round of the Seylan Bank Seylan Ethera Kasi – Methara Wasi draw for November and December.

HNB Al Najah bags multiple Golds at SLIBFI Awards 2017

HNB Al Najah, Hatton National Bank’s (HNB) Islamic banking business, extended its market leadership position, securing two Gold awards together with two Bronze awards at the annual awards ceremony of the Sri Lanka Islamic Banking and Finance Industry (SLIBFI).

HNB to empower and enable MSMEs with Webxpay

Sri Lanka’s most digitally innovative bank, HNB PLC announced a breakthrough partnership with e-commerce Software as a Service (SaaS) provider, Webxpay, to launch an integrated e-commerce platform aimed at empowering Micro, Small and Medium businesses in Sri Lanka to adapt to e-commerce.

BOC relaunches Disaster Recovery Centre

The Bank of Ceylon re-launched its Disaster Recovery Centre (DRC) equipped with state-of the-art technology and new facilities recently. 

HSBC partners with GOSL for 11th sovereign bond issuance

The Central Bank of Sri Lanka (CBSL), on behalf of the Democratic Socialist Republic of Sri Lanka, successfully launched and raised US$1.5 billion in a 10-year bond. 

Invest SL Forums spark renewed interest among Australian investors

Foreign inflows originating from Australia have recorded a marked improvement during the month of April, recording a surge since the recently conducted Invest Sri Lanka Investor Forums in Australia. 

People’s Leasing 4Q hurt by sharp drop in leases, compressed margins and higher VAT

People’s Leasing & Finance PLC (PLC), a licensed finance company with an asset base of Rs.150 billion, saw its performance for the March quarter being impacted by narrowing margins, slower growth in loans and leases and higher provisions for possible bad loans. 

mCash partners with Cooplife Insurance for insurance premium payments

Mobitel has partnered with Cooplife Insurance Limited to increase its institute partner network for insurance premium payments via mCash. 

The Finance reopens Maharagama branch

The Finance Co PLC reopened its Maharagama branch recently.

People’s Bank opens self-banking unit in Nuwara Eliya

The latest self-banking unit (CDM/ATM/Kiosk) of People’s Bank was inaugurated in Nuwara Eliya under the patronage of People’s Bank Chief Executive Officer/General Manager N. Vasantha Kumar. 

Hatton National Bank with WEBXPAY to empower Lankan micro, small and medium enterprises

Sri Lanka’s most digitally innovative bank, Hatton National Bank PLC (HNB), announced a breakthrough partnership with e-commerce software as a service (SaaS) provider, WEBXPAY, to launch an integrated e-commerce platform aimed at empowering micro, small and medium businesses in Sri Lanka to adapt to e-commerce.

StanChart lead manages record oversubscribed int’l bond issue for Sri Lanka

Standard Chartered has successfully priced a US $ 1.5 billion 10-year fixed rate senior unsecured 144A/Reg S issuance for Sri Lanka. This marks the sovereign’s 11th US dollar benchmark offering in the international bond markets since 2007 and reflects the continued international institutional support for Sri Lanka through the years. 

ComBank offers credit cardholders discounts up to 50% on hotel stays

North, south, east, west or centre, Commercial Bank’s credit cardholders have been accorded an opportunity to vacation at some of the country’s best hotels in May and June this year at discounts of up to 50 percent.

HSBC pre-tax profit slides but hails ‘good result’

AFP: HSBC said yesterday that pre-tax profit fell 19 percent in the first three months of the year but the bank’s chief described them as “a good set of results” after a turbulent 2016.

SDB unveils 90th branch in Tissamaharama

Sanasa Development Bank PLC (SDB Bank) opened its new branch in Tissamaharama recently. The SDB Tissamaharama branch was opened at No: 51, Kachcheriyagama, Tissamaharama with the objective of providing more efficient and friendly service to its customers with more sophisticated facilities. 

HNB opens new Hulftsdorp customer centre

 In its onward journey towards seamless, efficient, digitally enhanced in-branch customer experience, Hatton National Bank PLC (HNB)’s customer centre in Hulftsdorp, moved across the road to a new  modern building. 

Alliance Finance breaks new ground with 3D directional signage concept

 Alliance Finance goes one step further, breaks new ground with its unique new 3D hoarding cum directional signage concept, incorporating an actual 3D conceptual vehicle for its most flexible one-day leasing package for registered and  unregistered bikes.  

DFCC Bank March quarter profit up on better margins

The DFCC Bank PLC group reported a net profit of Rs.1.36 billion or Rs.5.13 a share for its January – March quarter, gaining 42.5 percent from the corresponding quarter last year as the bank appears to have managed to expand its margins under the rising interest rate scenario but the loans have barely grown, the interim results released by the  bank showed. 

‘Central Bank Comes to You’ open day programme today

The Central Bank of Sri Lanka (CBSL) will conduct its first open day programme, ‘Central Bank Comes to You’, at the CBSL Matale regional office, at No. 805, Trincomalee Street, Mandandawala, Matale, today and tomorrow from 9:00 a.m. to 8:00 p.m.

Nepal Rastra Bank-IFC partner to promote sustainable and inclusive finance

IFC, a member of the World Bank Group, is partnering with Nepal Rastra Bank (NRB), the central monetary authority of Nepal, to help the bank adopt improved environmental and social risk management practices to strengthen their portfolio performance, generate business opportunities and boost competitiveness in the region.

HNB launches new electronic banking centre at Trace Expert City

HNB PLC announced the continued expansion of its extensive customer centre network with the launch of a new, fully-automated, electronic banking centre in Panchikawatte. 

Lanka Financial Services Bureau among top five SWIFT infrastructures in Asia Pacific

Lanka Financial Services Bureau Limited (LFSBL), the SWIFT shared infrastructure of Sri Lanka has been included among the top 5 SWIFT shared infrastructures in the Asia Pacific region. 

ComBank’s ‘e-Passbook’ wins Gold in Mumbai

One year after it was launched, Commercial Bank’s ground-breaking mobile app ‘e-Passbook’ has won an international award for design, creativity and innovation.

DFCC Bank inaugurates new branch in Aralaganwila

In keeping with its commitment to ensure financial inclusion and facilitate easy access to its wide array of commercial and developmental banking services, DFCC Bank opened a new branch in Aralaganwila on 27th April.