NDB Wennappuwa branch relocates to serve you better

NDB relocated its Wennappuwabranch to a more spacious and a conveniently accessible location at No 204, Chilaw Road, Wennappuwa in a bid to provide a better service experience to people in the area. The branch operating hours are from 9.00 am to 4.00 p.m. during weekdays. 

Rupee falls for 5th session as foreign investors sell rupee bonds

REUTERS: The Sri Lankan rupee declined for a fifth straight session yesterday as offshore investors sold government securities amid concerns over further depreciation in the local currency, dealers said.

ComBank branches open on Mahasivarathri Day

The Commercial Bank of Ceylon has announced it will keep 71 branches open for business on Friday, a Public and Bank holiday to mark the Mahasivarathri festival.

Union Bank enhances banking convenience in Negombo

Union Bank reopened its Negombo branch with a new outlook and an enhanced ambience recently in line with the bank’s strategic focus to deliver a redefined banking experience to its clients.   

Ceylinco Life appoints Upamalika Ratnayake as new CDO

Life insurance leader Ceylinco Life has announced the appointment of Upamalika Ratnayake as the company’s Chief Digital Officer (CDO) with immediate effect, to lead digital innovation in processes and product delivery.

DFCC’s ‘Know & Grow’ interactive digital campaign creates customer engagement

DFCC Bank launched the ‘Know & Grow’ digital campaign to coincide with Independence Day, which was conceptualised by the bank to educate the public on the Sri Lankan flag and its elements.

Big banks avoid hiring spree despite trading boom

REUTERS: Market trading is booming at U.S. and European banks thanks to Donald Trump and Brexit, and yet the glory days of dealing rooms the size of football pitches remain as distant as ever. Scarred by the 2007-09 global financial crisis and a subsequent regulatory clampdown, cost-

Transfer outstanding credit card balances to Sampath Credit Card for 0% interest

Credit cards have now become a global phenomenon, with many opting to use a credit card instead of cash due to the absolute convenience and benefits it offers. 

Pan Asia Bank’s solar loan scheme- ideal way to get zero cost electricity

Pan Asia Bank’s solar loan scheme provides financing to customers to purchase solar energy systems, enabling them to generate their own electricity and be free from electricity bills and contribute to reduce global warming.

Nashar named Saudi Arabia’s first female commercial bank CEO

REUTERS: Rania Nashar was named chief executive of Samba Financial Group on Monday, becoming the first female CEO of a listed Saudi commercial bank in line with the government’s economic and social reforms.

Rupee falls on dollar demand, bond outflow; stocks down

REUTERS: The Sri Lankan rupee traded weaker yesterday on dollar demand from importers and foreign banks as foreign investors sold government securities amid concerns of further depreciation in the rupee, dealers said.

E-Channelling, Browns Tours and Ezy join SLI Motor Plus Loyalty Rewards

The Sri Lanka Insurance Motor Plus Loyalty Rewards network has been enhanced with the addition of new partners. 

Amãna Takaful launches Rhoda Uda Viplavaya insurance scheme in Central, NC Provinces

Amãna Takaful PLC (ATL) proudly showcased its latest revolutionary insurance schemes, Smart Rider Cover, a compelling insurance scheme for motorbikes and Tuk Tuk Full, a unique insurance scheme for thre-wheelers, in the Kandy, Kurunegala and Anuradhapura Districts recently.  

DFCC Bank partners with AIA to offer innovative bancassurance solutions

DFCC Bank recently entered into an exclusive long-term bancassurance partnership with the renowned insurance service provider, AIA.

Save Your Monkey insurance comparison website launched

Insurance is viewed as one of the many tiresome legal obligations by most Sri Lankans. The real purpose of it and the value it serves is overlooked by many. They fail to appreciate insurance, simply because it seems too complicated to understand and even more tedious to procure. 

NDBIB retains market leader position in listed debentures through 2016

NDB Investment Bank Limited (NDBIB) reaffirmed its supremacy in the capital market by successfully raising a total of Rs.31.5 billion through listed debentures during 2016 as the sole manager to the issue and jointly. From this amount, Rs.19.0 billion was raised for commercial banks, Rs.10.5 billion for finance companies and Rs.2.0 billion for corporates. 

HNB partners with UnionPay International for cards

Introducing another pioneering initiative to the Sri Lankan banking industry, HNB announced a new partnership with UnionPay International, to accept card payments from one of the largest payment networks in the world.

AIA declares strong 9.46% dividend for customers

AIA Sri Lanka has declared a dividend of 9.46 percent for its policyholders. This is yet another year of AIA delivering impressive dividend figures to its customers and this consistency is testament to the strength and outstanding investment strategy of AIA’s life fund, which now stands at Rs.32 billion. 

HNB Assurance wins Gold at SAFA Awards

HNB Assurance PLC (HNBA) walked home with another top award for its 2015 Annual Report recently. The Company’s annual report was awarded for its transparency,

Alliance Finance first finance company certified by DNVGL for ISO 9001:2015

Alliance Finance Company PLC (AFC), Sri Lanka’s third oldest finance company upgrades its ISO Quality Management Systemto become compliant with the latest International Accreditation Forum (IAF), ISO 9001:2015 Quality Management Standard. 

Sampath Fort branch celebrates anniversary

The 28th branch anniversary of Sampath Bank Fort branch was celebrated with a religious programme (Dharmadeshanaya) conducted by Ven.Mirisse Dhammika Thero. The Manager Sujeewa Fernando and the branch staff organized this occasion which was held in the branch premises.

Fitch revises outlook to Stable on three Lankan financial institutions

Fitch Ratings has revised the outlook on Bank of Ceylon (BOC, B+/Stable), National Savings Bank (NSB, B+/Stable) and People’s Leasing & Finance PLC (PLC, B/Stable) to Stable from Negative and affirmed their Long-Term Issuer Default Ratings (IDR).

Nirmal Tillekeratne to assume duties as Pan Asia Bank CEO

Pan Asia Banking Corporation PLC announced the appointment of senior banker Nirmal Rohana Tillekeratne as its new Chief Executive Officer (CEO). 

LankaClear emerges first Sri Lankan entity to be PCI-DSS certified

LankaClear achieved another gigantic milestone bybecoming the first entity in Sri Lanka to obtainthe certification of Payment Card Industry Data Security Standard (PCI-DSS),version 3.2. 

BOC-Mastercard team up to enable faster payment innovation

Bank of Ceylon (BOC) announced that it would be strengthening its longstanding partnership with Mastercard, enabling it to tap into Mastercard’s global technology and expertise to bring payment innovation to Sri Lanka faster.

NDB Infinite, Signature credit cards offer access to world-class airport lounges

Overseas travel is now better than ever before with an NDB Good Life Signature or Infinite Credit Card. Along with your Infinite and Signature credit card, the bank gives you a complimentary Priority Pass membership card that allows customers to access over 1000 airport lounges at over 400 airports worldwide.  

Fitch reaffirms People’s Bank at ‘AA+(lka)’ with Stable outlook

Fitch Ratings Lanka Limited recently reaffirmed the National Long Term Rating on People’s Bank at ‘AA+(lka) with a Stable outlook - continuing to put the institution amongst the two highest rated locally incorporated commercial banks in the country on a national scale.

Vallibel Finance December profit up 32%; loans & leases moderate

Vallibel Finance PLC, a Dhammika Perera-controlled licensed finance company, reported earnings of Rs.4.39 per share for the October-December quarter against Rs.3.34 a share reported during the same period last year, the interim report showed.  

South Asian stock exchanges to meet in Colombo

The Colombo Stock Exchange (CSE) will host the Executive Committee Board Meeting for the current term of the South Asian Federation of Exchanges (SAFE) on February 27, 2017. 

HNB launches Smart Pay card for Lankan schools

Sri Lanka’s most technologically innovative bank, Hatton National Bank (HNB) partnered with D.S. Senanayake College to launch Smart Pay – a revolutionary new proprietary card that will completely redesign payments and attendance recording in schools.