How your mobile network and your life insurance cover are connected

It is a fact that Sri Lanka’s life insurance market is under-penetrated and most Sri Lankans are under-protected. With only 12.6 percent of Sri Lankans possessing life insurance (IBSL annual report, 2014), there exists a considerable protection gap in the country. 

A season of unforgettable moments with HSBC

? The most unforgettable part of the festive season is special moments you create with your loved ones. 

Union Assurance maintains steady momentum up to 3Q

Union Assurance PLC (UA) continued its growth impetus in both turnover and profits at the end of the 3rd quarter recording a steady growth in gross written premium (GWP) and profits as at the end of the 3rd quarter of 2015. 

LB Finance 2015-16 first half profits soar by 54% to Rs.1.5bn

?LB Finance PLC announced its first half performance for 2015/2016, affirming its continuous growth.  

Sampath Bank social responsibility feted as best in the country

Sampath Bank, renowned as a responsible corporate citizen, was yet again duly honoured for its genuine efforts when the bank clinched the Gold award in the category of CSR Brand of the Year at the recently concluded SLIM Brand Excellence Award Ceremony held at the BMICH. 

Seylan annual report wins Gold, Silver, Bronze awards at int’l competitions

?The Seylan Bank 2014 annual report (‘It’s A Beautiful Performance’) won Gold, Silver and Bronze awards at the recently concluded ARC International Awards and League of American Communications Professionals (LACP) Vision Awards.

NDB holds Investor Forum

?National Development Bank PLC (NDB) held an ‘Investor Forum’ recently to present the financial performance on the first nine months of 2015. The bank announced that it had continued its growth momentum with resilience and strength. 

Sampath Bank Rs.7bn debenture issue an overwhelming success

?Sampath Bank’s unsecured subordinated redeemable debenture issue was successfully oversubscribed over its initial issue and thus closed on the opening day itself in a strong expression of investor confidence.

Ceylinco Life launches ‘Ran Daru Charika 3’

Life Insurance leader Ceylinco Life has announced the commencement of the distribution across Sri Lanka, of half a million school timetables for the new academic year.

Fairoze Burah appointed DGM of Softlogic Finance

?Fairoze Burah has been appointed the Deputy General Manager (DGM) of Softlogic Finance PLC with effect from 27th July 2015. 

HDFC’s Rs.4 bn debenture issue to enhance housing market

Having had a highly successful maiden debenture issue in October 2013, the nation’s apex housing development truss, ...

ACCA Sri Lanka to conduct seminar on ‘Double Tax Treaties’

The Association of Chartered Certified Accountants (ACCA) Sri Lanka has organized a seminar on “An Insight to Double Tax treaties” to be held at hotel The Kingsbury Hotel Colombo on the 16th November from 9 am to  12.30 pm. 

BoC sponsors GMOA Good Intern Programme 2015

In recognition of the role government medical practitioners have played in the country, the Bank of Ceylon joined with Government Medical Officers Association (GMOA) to sponsor the “Good Intern Program” conducted recently. 

Janashakthi closes 3Q15 with double digit premium growth

Janashakthi Insurance PLC., (Janashakthi) recorded a 15 percent Year-on-Year (YoY) growth in consolidated Gross Written Premium (GWP) in the first nine months of 2015 to end the quarter with a consolidated GWP of over Rs.7.351 billion and Profit Before Tax (PBT) of Rs.337 million.

Amãna Bank bottom-line grows by 171% at 3Q end

Amãna Bank, Sri Lanka’s premier non-interest based banking institution, continued its upward profitability momentum by recording a 3Q profit of Rs. 50.6 million following its 1Q and 2Q profit of Rs. 23.1 million and Rs. 47.5 million respectively. The Bank’s Operating Profit before Value Added Tax for the nine months ended 30 September 2015 increased to Rs. 225.2 million.

Hatton National Bank launches next-generation website

Hatton National Bank PLC launched its brand new website recently.  The new site, which targets both individual and corporate customers, was designed to become a benchmark amongst websites in the banking sector. 

Vallibel Finance expands reach to Piliyandala and Warakapola

The cutting edge Vallibel Finance continues its ambitious expansion drive with the opening of two new branches in Piliyandala and Warakapola.  In a quest to enhance 

Asian Alliance clinches coveted Asia Insurance Award

Emphatically reiterating its status as Sri Lanka’s most innovative insurer as well as a regional leader in innovation in the insurance industry, Asian Alliance Insurance PLC clinched the prestigious ‘Innovation of the year’ award at the 2015 edition of the coveted Asian Insurance Awards, the region’s only awards ceremony of its kind.

Cargills Bank opens 6th branch in Vavuniya

Matara, Maharagama and Vavuniya branches were opened under the first stage on the 5th, 6th and 9th of November respectively.  New branches will also be established in Jaffna, Kurunegala, Hawa-Eliya, Thanamalwila and Chunnakkam in the near future.

Pan Asia Bank positions as most understanding bank in Sri Lanka

Sri Lanka’s fastest growing commercial bank, Pan Asia Banking Corporation PLC, building on its forte of understanding the customers’ financial requirements better, recently launched its corporate campaign positioning the bank as ‘The Most Understanding Bank’ in the country. 

People’s Bank commemorates World Thrift Day

People’s Bank recently commemorated the World Thrift Day, a hallmark day which was created at the first international banking conference that was held in Italy in 1924. 

Sampath Bank bags Bronze Award at NBQSA 2015

In recognition of its continuous effort to remain at the top of quality and technological innovation, Sampath Bank was honoured with a Bronze award under the ‘In House Application’ category at the recently concluded National Best Quality Software Award ceremony (NBQSA). 

Sampath e-Remittance facilitates expat workforces

Every year, a significant number of Sri Lankans migrate to foreign countries for employment, searching for better opportunities to build a better future for their loved ones.

Cargills Bank opens Maharagama branch

?The Maharagama branch of Cargills Bank located within the Cargills Food City premises was declared open recently by National Cancer Institute Maharagama Director Dr. M.Y.K. Wilfred. 

Melsta Regal Finance relocates Kandy branch in Mahaiyawa

?Melsta Regal Finance Ltd has repositioned its Kandy branch to another location in the central city, giving its customers a more spacious and convenient service setting in Mahaiyawa. The newly relocated branch at No: 206, Katugastota Road, Kandy has commenced business operations.

AFC Microfinance celebrates 2nd year anniversary

Founded back in 1956, Alliance Finance Co PLC (AFC) has proved itself by establishing and maintaining an ethical business model for over five decades. 

Amex offers 30% savings at Jetwing Hotels

Nations Trust Bank (NTB) has introduced yet another exclusive experience for its American Express (Amex) cardmembers, offering a 30 percent saving at 15 Jetwing hotels and boutique hotels this festive season.

NDB marks presence in Chenkalady

NDB extended its footprint in the Eastern region of the country with the opening of the 91st branch in Chenkaladythe town of the Batticaloa  district recently. 

People’s Bank unveils MTI-enabled strategic plan for future growth

The management of People’s Bank recently presented its 5-year strategic plan for future growth to over 1000 head office and branch network professionals, from different  levels of the organization. 

Cargills Bank reaches out with 8 more branches

Cargills Bank opened in Matara, starting on its new expansion drive with its first branch outside Colombo.