Ceylinco Life remains No. 1 for 18th year with Rs.25.5bn premium income

Ceylinco Life has retained its market leadership in Sri Lanka’s life insurance sector for the 18th consecutive year, with gross written premium income growing by 15.8 percent to Rs.25.565 billion for the 12 months ending on December 31, 2021.

New appointments strengthen MBSL’s board

Merchant Bank of Sri Lanka and Finance PLC (MBSL) recently appointed two new personalities to its esteemed board of directors, adding value to the corporate and financial strategic planning of the institute.

NTB delivers robust December quarter performance

Nations Trust Bank PLC (NTB) reported robust top and bottom line performances in the three months to December but the growth in new loans slowed significantly in the final three months but remains upbeat of the 2022 prospects for growth in selected industry sectors.

BOC relocates Seeduwa branch

With the aim to provide added convenience along digital banking, Bank of Ceylon (BOC) moved its Seeduwa branch to its new location recently within the heart of the Seeduwa town.

Seylan Bank with Pensions Dept. offers Life Certificates via biometric authentication

Seylan Bank, the Bank with a Heart, partnered with the Pensions Department to enable the issuance of the Life Certificate to pension holders via biometric authentication.

People’s Bank CEO/GM panellist at SUFIP 2022 in France

People’s Bank Chief Executive Officer/General Manager Ranjith Kodituwakku was invited to participate as a panellist at the recently held SUFIP 2022: Sustainable Finance in the Indo Pacific event in France co-organised by Agence Française de Développement (AFD) and the EXIM Bank of India.

NDB conducts Investor Earnings Call on FY 2021 financial results

National Development Bank PLC (NDB) hosted the bank’s quarterly online Investor Earnings Call to discuss the bank’s financial results, subsequent to the release of its financial results for the financial year ended on December 31, 2021.

Ideal Finance rebrands itself to Mahindra Ideal Finance

Ideal Finance Limited, a subsidiary of Mahindra & Mahindra Financial Services Limited (Mahindra Finance/MMFSL), announced the rebranding of its company name to Mahindra Ideal Finance Limited (MIFL).

People’s Bank rewards foreign remittance draw winners

People’s Bank picked the first batch of winners of the ‘People’s Remittance Vaasi Kotiyai, Ewannai Dinannai Draw’ where the daily and Weekly Winners for the first two weeks of February were selected.

SLI partners with SLIM Agrisaviya to nurture agri sector

Sri Lanka Insurance (SLI) partners with Sri Lanka Institute of Marketing (SLIM) as the insurance partner for the ‘Agrisaviya’, the first Agri-Business Management and Entrepreneurial Programme offered in Sri Lanka.

Orient Finance records Rs.129mn PAT for 3Q

Orient Finance PLC recorded a Profit Before Tax (PBT) income of Rs.139 million for the three months ended December 31, 2021 (3Q22), demonstrating a growth of 97 percent in comparison to the corresponding period in the previous financial year.

Abans Finance records best ever 9-month PAT

Abans Finance PLC, a member of Abans Group, recorded its best ever Profit After Tax (PAT) of Rs. 306 million for any financial year during the nine months ended December 31, 2021. The firm’s total assets reached close to Rs.10 billion.

First Capital reports Rs.235mn PAT for 3Q

First Capital Holdings PLC, a member of Janashakthi Group, reported a PAT of Rs.235 million for the quarter ended 31st December 2021.

People’s Bank inaugurates service centre in Iththapana

People’s Bank recently opened its newest service centre at Iththapana Town. Prior to this, there was no commercial banking presence in Iththapana.

Assetline conducts safe riding programme for ‘Liya Diriya’

To celebrate the newly introduced ‘Liya Diriya’ by Assetline, the company hosted a safe riding programme by a professional driving academy in Colombo. The full day programme provided the participating women with comprehensive training on riding technics, road safety measures, road rules covering both the theory and practical aspects culminating in a written examination and a certificate to the successful candidates.

Cargills Bank Peradeniya moves to new location

The Peradeniya Branch of Cargills Bank moved to a new location at William Gopallawa Mawatha, Kandy on January 21st, allowing customers to conveniently and comfortably access Cargills Bank’s portfolio of banking and financial services.

Champs of HNBA felicitated at SLIM NASCO Awards

Recognizing the contribution and exceptional performance in the Insurance Sales filed, champs of HNB Assurance PLC (HNBA) were awarded at the National Sales Congress (NASCO) organized by the Sri Lanka Institute Marketing (SLIM) recently.

LOLC Finance wins big at Global Brand Awards 2021

LOLC Finance once again authenticated its continuing excellence in the non-banking financial sector by being felicitated with two awards for the ‘Most Innovative Financial Services Brand,

Pan Asia Bank introduces special campaign for remittance customers

As the Truly Sri Lankan Bank, Pan Asia Bank has launched a special campaign for its remittance customers, whereby 150 lucky remittance customers are eligible to win amazing gift vouchers.

People’s Bank’s Industry 2022 exhibition stall draws large crowds

People’s Bank participated in the Industry 2022 national industrial exhibition that was held recently at the Bandaranaike Memorial International Conference Hall (BMICH), with the bank’s stall drawing large crowds during all three days of the event.

NDB with CB launches national remittance mobile application

National Development Bank PLC (NDB) recently joined hands with the Central Bank of Sri Lanka (CBSL) to launch the national remittance mobile application Lanka Remit.

PMF’s new website to bolster digital journey

People’s Merchant Finance PLC (PMF), a licensed finance company operating within the Sri Lankan finance industry for the past 39 years, has launched a brand-new website www.peoplesmerchant.lk to bolster more and more engagement with its stakeholders and enhance the efficiency of the emergent company and a turning point in its digital journey.

More Ceylinco Life policyholders selected for Family Savari 15 gold and gifts

The lives of another 176 policyholders of Ceylinco Life have just got brighter after they were selected to receive gold and gift vouchers at the second draw of the 15th edition of the life insurance leader’s ‘Family Savari’ mega promotion.

NTB partners Central Bank Lanka Remit launch

Nations Trust Bank (NTB) has joined as a launch partner for Lanka Remit, the national remittance app launched by the Central Bank of Sri Lanka.

ComBank unveils scheme with SLII to finance professional studies in insurance

Commercial Bank of Ceylon PLC has collaborated with the Sri Lanka Insurance Institute (SLII), the local body affiliated to the Chartered Insurance Institute of UK, to provide special education loans and easy payment plans to the institute’s members, in support of their career aspirations.

People’s Bank-People’s Leasing introduce co-branded credit card

People’s Bank, together with Sri Lanka’s pioneering state-owned non-banking financial institution People’s Leasing & Finance PLC (PLC) launched co-branded credit cards – VISA Platinum and VISA Signature – at a special ceremony held at the PLC head office recently.

Pan Asia Bank welcomes two new directors to Board

Pan Asia Bank recently announced two additions to its Board of Directors, welcoming Sandra Walgama and Chethiya Umagiliya as Directors to join its eminent panel of board members.

LOLC powered iPay joins hands with CBSL to promote LANKAQR drive in Gampaha

Over the years of excellence, iPay has positioned their brand name as the most vivid and the vibrant finance application available in Sri Lanka.

LCB Finance opens Deiyandara branch

LCB Finance opened a new branch in Deiyandara recently. CEO / Executive Director K. G. Leelananda said that with the opening of their branch at Deiyandara they have established 7 branches in the Southern province and will reach 8 branches in the Southern province with the opening of their Akuressa branch shortly.

NDB bags four awards at CMA Excellence in Integrated Reporting Awards

NDB’s 2020 Annual Report themed ‘Everyone. Everwhere’ was recognized with the Bronze Award across all sectors along with three other awards at the CMA Excellence (Institute of Certified Management Accountants of Sri Lanka) in Integrated Reporting Awards 2021.