People’s Bank relocates Hakmana branch

People’s Bank recently relocated its branch in Hakmana as part of its ongoing branch expansion drive to elevate its offering to loyal customers.

Visa opens first innovation centre in Asia

Visa Inc. announced the opening of its Singapore innovation centre, the first in a network of new innovation centres that 

Central Bank appoints new Assistant Governors

Sarawanamuttu, the former Director of the Policy Review and Monitoring Department has been promoted

Deepthi Lokuarachchi appointed CEO of HNB Assurance and HNB General Insurance

The Board of Directors of HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance

Global Finance recognizes Amãna Bank as SL’s Best Islamic Financial Institution

The world renowned ‘Global Finance Magazine’ recently recognized and awarded Amãna Bank as the Best Islamic Financial Institution in Sri Lanka for the third consecutive year. 

Cargills Bank appoints Prabhu Mathavan as MD/CEO

Cargills Bank has announced the appointment of Prabhu Mathavan as the new Managing Director/Chief Executive Officer with effect from 22 April 2016. 

Judhajit Sen takes over as CEO and MD of LIC Lanka

Judhajit Sen has taken over as CEO and MD of LIC (Lanka) Ltd with effect from May 2, 2016. 

ComBank signs agreement with Bank Muscat Oman for instant money transfers

Commercial Bank of Ceylon recently formalised its tie-up with Bank Muscat Oman to facilitate remittances to Sri Lanka via the latter’s new feature...

Sampath Bank launches Export Bonanza with attractive export concessions

Reiterating its commitment towards uplifting the economy of Sri Lanka and placing significant importance on the international trade industry

Sri Lanka’s first General Insurance Sales Congress on May 10

For the first time in history, Sri Lanka will see a gathering of its general insurance companies under one roof and in a common forum. 

NDB Mobile App wins ‘Most Admired Mobile App’ at ACEF Awards

National Development Bank PLC (NDB) was felicitated for its recently introduced NDB Mobile App as the ‘Most Admired Mobile App’ 

NTB announces new appointments to management team

Nations Trust Bank (NTB), whose agility and dynamism is a reflection of its people, recently announced the appointment of a number of new members to its top team.

PABC relaunches ‘Suwasavi’ fixed deposit product

Sri Lanka’s fastest growing commercial bank, Pan Asia Banking Corporation PLC (PABC) relaunched its unique value-added fixed deposit product ‘Suwasavi’

DFCC Bank expands reach to Balangoda

As part of its expansion drive, DFCC Bank PLC opened its newest fully-fledged branch in Balangoda yesterday, at No: 115, Barnes Ratwatta Mawatha, Balangoda. 

Sampath Bank partners with Ideal Motors to upsurge leasing convenience

Positioned at the forefront of the banking industry for identifying and understanding the dynamic needs of customers and extending invaluable and reliable leasing services, Sampath Bank Leasing recently announced its joint partnership with Ideal Motors (Pvt.) Limited to bring to its Sampath Leasing customers a valuable promotion from April 1 to May 31. 

Cargills Bank delivers greater customer convenience; remains open on May 2

All Cargills Bank branches will remain open for business on May 2, 2016, which is a statutory bank holiday in lieu of May Day. This special holiday banking service is to enhance the overall service delivery to its customers. Nine bank branches will be open from 8:30 a.m. to 4:30 p.m. while its Maharagama and Jaffna branches will be open from 9:00 a.m. to 8:00 p.m. on the day to enable customers to transact their business. 

Credit Management Institute holds 19th Annual Convocation

The Sri Lanka Institute of Credit Management (SLICM), the leading institute which offers credit management education in Sri Lanka, hosted its 19th Annual Convocation recently at the Centre for Banking Studies with Postgraduate Institute of Management (PIM) Director Prof. Ajantha Dharmasiri attending the occasion as the chief guest. 

Amãna Bank conducts special workshop for East SMEs

Amãna Bank, Sri Lanka’s premier non-interest based Islamic financial service provider, recently concluded an awareness programme on non-interest based banking for the small and medium enterprises (SMEs) in the Eastern region, which was held at the Lee-Meridian Reception Hall, Sainthamarudhu.

CA Sri Lanka President underscores importance of accountants keeping up with technology

Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) President Lasantha Wickremasinghe recently underscored the importance for accountants to stay ahead with continuing technological advancements, to help the profession and its professionals stay relevant with changing times. 

Ceylinco Life’s 9th Retirement Planning Month kicks off on May 1

Ceylinco Life has announced it will once again deploy its entire sales force on a month-long initiative this May to promote retirement planning on a mass scale. 

Seylan Bank 1Q net edges up amid narrowing margins and gilt-edge losses

Seylan Bank PLC posted a net profit of Rs.673.5 million for the quarter ended March 31, 2016 (1Q16), up 1.49

BOC 18 Plus scholarships empower youth to achieve their ambitions

BOC 18 Plus, the premier youth savings account in the country, is yet again set to award 18 Plus scholarships

71 ComBank branches to be kept open on May 2

Commercial Bank of Ceylon (ComBank) has announced it will keep 71 branches open for business on Monday

Pan Asia Bank launches “Saviya” microfinance loan scheme

Pan Asia Banking Corporation PLC, Sri Lanka’s fastest growing commercial bank, took yet another giant step towards promoting sustainable financial inclusion with their recent launch of “Saviya” microfinance loan scheme. 

Ravi Edirisinghe elected to CIMA Global Council

Ravi Edirisinghe has been elected to the Global Council of CIMA (Chartered Institute of Management Accountants) in the UK, for a three year term commencing June 2016 representing South Asia (Area 14).

BOC bestowed No.1 brand position for 8th consecutive year

State-owned banking giant Bank of Ceylon (BOC) once again was bestowed as the No.1 brand among all the brands in Sri Lanka for the 8th consecutive year by Brand Finance Lanka through an independent and stringent analysis. 

A year of high growth for Sanasa Development Bank

Sanasa Development Bank (SDB) posted an outstanding financial performance in 2015. The bank had a string year in terms of profitability, despite a challenging macroeconomic and regulatory environment. 

PLC voted ‘Financial Service Provider of the Year’ for 4th consecutive year

People’s Leasing & Finance PLC (PLC) was once again honoured with a coveted accolade as the ‘Financial Service Provider of the Year’ for the fourth consecutive year at the SLIM-Nielsen People’s Awards 2016 ceremony held at Water’s Edge, Battaramulla recently.

Our portfolio well aligned with key growth sectors: JKH Chairman

Today, Mirror Business in partnership with the Colombo Stock Exchange (CSE) kicks off an interview series, featuring the Chairmen of the CSE S&P SL20 companies. Following are the excerpts of an interview with John Keells Holdings PLC (JKH) Chairman Susantha Rathnayake, where he shares his insights about the JKH’s future, industries the group is in and the country’s economic potential. 

NTB American Express Card offers 40% savings for cardmembers at Cinnamon Hotels & Resorts

As one of the most prestigious and well accepted  credit cards in Sri Lanka, Nations Trust Bank American Express