NDB Wealth offers ‘money market accounts’ for higher returns

“For those interested in taking control of their own finance, with an aim to create sustainable wealth, there is no better place to start than ‘money market accounts’. Investing in these allow for the safety and liquidity of traditional bank savings but, often, with higher rates of return,” according to Christina Wesley, a Financial Advisor at NDB Wealth.

HNB appoints new Chief Employee Experience Officer and Customer Experience Officer

In a leap forward to augment work-life balance and enhance customer services through a happy workforce, Hatton National Bank (HNB) appointed senior banker Kalum Wijesooriya as its new Chief Employee Experience Officer and Vindhya Wijegunawardane as Customer Experience Officer.  The new appointments will ensure differentiation through excellence which the bank considers a crucial and most important element in its value proposition.  

Softlogic Finance opens 31st branch in Dematagoda

Softlogic opened its 31st branch in Dematagoda recently. The fully-fledged branch is now open at No: 85, Kollonnawa Road, Dematagoda.

Pan Asia Bank strengthens digital banking offerings

Sri Lanka’s fastest growing commercial bank, Pan Asia Bank recently unveiled its new improved Internet banking solution platform as part of its endeavour to conquer the digital banking frontier of the country. 

CMA conducts integrated reporting expert workshop

A half-day workshop on ‘Integrated Reporting – Practical Aspects’ was conducted by the Institute of Certified Management Accountants of Sri Lanka (CMA) recently at  Taj Samudra. 

LOLC Finance unveils another breakthrough product

Renowned for delivering real-world financial solutions, LOLC Finance PLC, Sri Lanka’s non-banking financial institution (NBFI) giant, has unveiled a comprehensive payment platform named LOLC Real Time.

Mark Tucker to retire as AIA Group CEO

AIA Group Limited yesterday said its Group Chief Executive and President Mark Tucker has informed the board of directors of the company of his intention to retire from his executive positions with the company and its subsidiaries and take up the role of non-executive Group Chairman of HSBC Holdings PLC.

HSBC to bring customers closer to age-old Avurudu traditions

Bringing a new world to love the old traditions is no easy journey. This year, HSBC plans to bring customers closer to their traditional roots with an Avurudu campaign that is purely centred on long-lived ‘traditions’ that have passed on through generations. 

HNBA annual report showcases 15 years of success and delighted stakeholders

HNB Assurance PLC (HNBA) released its integrated annual report for the financial year 2016 which highlighted the growth in life insurance as well as the general insurance business.

HNB opens newly relocated Nugegoda customer centre

Catering to rapid growth in commercial and retail banking activity, leading private commercial bank, Hatton National Bank PLC (HNB), officially opened its newly relocated Nugegoda customer centre at No. 190, High Level Road.

ComBank’s NFC payment machines at Dialog outlets

Commercial Bank of Ceylon has entered into an agreement with Dialog Axiata to install its near field communications (NFC)-enabled point-of-sale machines at key Dialog outlets islandwide. 

Seylan Bank launches Facebook Messenger chatbot

Lauded as Sri Lanka’s most digitally engaging bank, Seylan Bank expanded its digital customer support services by introducing Seylan Messenger Bot – a chatbot that responds to customer queries via Facebook Messenger. 

Pan Asia Bank gears for faster growth as Rs. 2bn rights issue snapped up

Pan Asia Banking Corporation PLC this week announced successful completion of its rights issue to raise up to Rs.2.06 billion placing the bank on a much stronger footing to pursue a higher wave of growth in 2017 and beyond.  

Union Assurance relocates Gampaha branch office

Union Assurance (UA) relocated its Gampaha branch office on the 16th February to provide better services to residents in the area. The new branch will support the company’s pace to reach its goal of having fully operational branches Island wide. 

ComBank and Sathosa Motors offer exciting deal on Isuzu vehicles

Buyers of Isuzu vehicles from Sathosa Motors will be eligible for a range of benefits including discounts on the purchase price when they use the leasing options offered by the Commercial Bank of Ceylon under a new promotion unveiled by the two companies.

Ceylinco Life ends 2016 as country’s No 1 life insurer for 13th year in a row

Strong growth in new business and noteworthy returns on investments generated Rs 23.43 billion in total income for Ceylinco Life in FY 2016, during which the company retained its position as the market leader in Sri Lanka’s life insurance industry for the 13th consecutive year.

Crescent Global South Asia sponsors Sri Lanka Insurance Awards

When the crème de la crème of the local insurance industry come together to meet the students who have won awards and obtained exam certificates from the Sri Lanka Insurance Institute, it creates a day to remember.  

MBSL & Finance crowned as Emerging Financial Institute of the Year

Making it official, this February, Merchant Bank of Sri Lanka (MBSL) & Finance PLC was crowned the ‘Emerging Financial Institute of the Year’ at the Middle East Asia Leadership Summit Awards 2017.

NDB to raise equity capital to support growth, meet BASEL III requirements

NDB Bank PLC, the country’s top project financier turned fully-fledged commercial bank, says it will raise capital this year to support future growth and BASEL III capital adequacy requirements. 

Pan Asia Bank offers up to 17% for fixed deposits

Pan Asia Bank has come out with a long-term fixed deposit promotion where customers get the opportunity of receiving interest up to 17 percent p.a. for fixed deposit terms of two, three, four and five years. 

John Keells Holdings continues to power CA Sri Lanka with lead sponsorship

Leading conglomerate, John Keells Holdings PLC (JKH), continued to power the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) with yet another lead sponsorship, in an effort to help the professional body continue to develop and enhance the accounting profession in the country. 

Sampath rewards e-Remittance ‘Cash Wasi IV’ winners

Sampath Bank, one of the leading banks in Sri Lanka, has continuously placed unwavering efforts in its services and activities to strive to go beyond the norms of the banking industry in order to offer ultimate benefits with premium convenience and additions to its customers.

NDB releases annual report for FY16

National Development Bank PLC (NDB) released its annual report for the financial year 2016 (FY16) to the Colombo Stock Exchange (CSE) yesterday. 

Softlogic Finance Galle branch celebrates 7th anniversary

Sri Lanka’s most dynamic financial services provider, Softlogic Finance PLC, celebrated its seventh anniversary of operations in Galle with a gala dinner in appreciation of the support extended to the company by its clientele. This was organised in commemoration of seven years of dedicated and highly successful relationship building with its client base from the Galle District. 

DFCC Bank receives ISO 27001:2013 certification

DFCC Bank was recently awarded the ISO 27001:2013 certification in recognition of implementing the best practices in legal, physical and technical control for information security management. 

Amãna Takaful service levels overwhelm Kudawella fishing trawler owner

Amãna Takaful (ATL) paid full reparation for a fishing trawler that collided with a ship off the coast of Kaduwella recently. 

LOLC Insurance unveils two new unique products

Strengthening its product portfolio, the dynamic insurance arm of the LOLC group, LOLC Insurance, launched two new products under its two entities, LOLC General Insurance Limited and LOLC Life Assurance Limited. 

ComBank ends 2016 reaffirming superiority as country’s largest private bank

Commercial Bank of Ceylon (ComBank) has announced the achievement of several milestones in service delivery in 2016 through operational developments that complemented its stellar financial 

Amana Bank December in red as one-off impairment provision hurts performance

Amana Bank PLC for its October-December quarter reported a loss of five cents a share or Rs.60.8 million from a net profit of Rs.37.4 million recorded during the same period from a year ago, the interim financial accounts released to the Colombo Stock Exchange showed. 

Amana Takaful receives ISO 9001:2008 recertification

Amana Takaful PLC (ATL) was reaffirmed ISO 9001:2008 certification for both its General and Family (Life) Takaful businesses as part of its endeavour to continuously provide high service standards to its discerning customers.