ComBank launches three more regional biz clubs

The Commercial Bank of Ceylon PLC recently conducted three regional launch events in the Uva – Sabaragamuwa, Southern and South Western regions of the country to launch Biz Clubs for SME customers of the bank.

Pan Asia Bank shines at National Business Excellence Awards

Pan Asia Bank was recognized for the excellence of its business practices for the third consecutive year at the National Business Excellence Awards 2017 held recently.

CAL introduces SL’s first digital govt. securities trading app

Capital Alliance Ltd (CAL) recently launched Sri Lanka’s first online bond trading app in an effort to take government securities trading to the future and make it more accessible.

Seylan Bank welcomes 2018 with great prospects

Senior management and staff of Seylan Bank ceremoniously welcomed the dawn of the New Year at the Seylan Bank Head Office in Kolpetty, whilst commencing the first working day for 2018.Seylan Bank’s island-wide branches also celebrated the New Year with various multi-religious ceremonies that enhanced the cultural values of the respective branches. 

Union Assurance receives continuous recognition at NBEA 2017

Union Assurance (UA) received continuous recognition for implementing and executing high quality business processes and practices at the National Business Excellence Awards (NBEA) during the past years.

Softlogic Finance opens 35th branch in Gampaha

Continuing on its journey to better serve a growing base of valued customers, Softlogic Finance PLC announced the further expansion of its branch network with the opening of its 35th fully-fledged new branch in Gampaha.

People’s Bank staff welcomes 2018 by giving service oath

The staff of People’s Bank commenced operations in the New Year by giving the service oath.

New Sathosa Mega Outlet in Welisara equipped with Combank ATM

Commercial Bank of Ceylon (Combank) has installed an automated teller machine (ATM) at the refurbished Sathosa Mega Outlet in Welisara. The Prime Minister Ranil Wickramasinghe who formally declared open the new look Sathosa Mega Outlet also unveiled the ATM to the public.

NDB conferred for initiatives carried out in 2017

Each year, the National Development Bank PLC (NDB) has been crowned with prestige, further enhancing its stature in the banking world. Similarly, NDB conferred with another set of awards and accolades presented from both local and international organisations.

HSBC launches first ever Visa Cashback card in Sri Lanka

HSBC, continuously revolutionising the credit card industry for over two decades,has joined hands with Visa International to introduce Sri Lanka’s first ever Visa Platinum Cashback card.

Sampath Bank introduces Slip-less transactions

For the first time in Sri Lanka, Sampath Bank, the pioneer in innovative banking solutions, recently launched Slip-less transactions to provide its customers with even greater convenience by ridding them of cumbersome form filling. 

People’s Bank staff welcomes 2018 giving service oath

The staff of People’s Bank commenced operations in the new year, 2018, giving the service oath.

Lankaputhra Development Bank inaugurates business activities for 2018

Lankaputhra Development Bank (LDB) inaugurated its business activities for the new year 2018 recently, blessing  the country.

SDB holds new year celebrations

The staff of SDB bank head office began the year 2018 with a Buddhist religious ceremony.

Deutsche Bank faces new 740 mn-euro claim

REUTERS: Investors are suing Germany’s biggest lender Deutsche Bank for 740 million euros, alleging they were underpaid for shares in subsidiary Postbank, local media reported Wednesday.

DFCC Bank launches ‘Season of Gifts’ new year campaign

Persevering in its mission to inculcate the savings habit amongst the nation’s population, DFCC Bank yet again introduces an exciting new year campaign named ‘DFCC Season of Gifts’ for customers to secure their financial future by opening savings accounts with DFCC Bank. 

World Finance declares ComBank best in Sri Lanka for digital, mobile banking

Commercial Bank of Ceylon PLC has been recognised as the ‘Best Digital Bank’ in Sri Lanka and has been presented the award for the ‘Best Mobile Banking Application’ by the prestigious London-based ‘World Finance’ magazine celebrating achievement, innovation and brilliance at its annual awards for 2017. 

Sri Lanka Insurance begins business for 2018

The inauguration of business activities for 2018 at Sri Lanka Insurance took place on January 2 amidst a gathering comprising Chairman SLIC Hemaka Amarasuriya and Executive Director Nilu Wijedasa. 

Bank of Ceylon launches ‘B-App’ to begin New Year

The Bank of Ceylon commenced its banking activities for 2018-New Year celebrations with a multi-religious ceremony and the launching of the bank’s newest mobile application ‘B-App’ with the patronage of Chairman Ronald C. Perera and the General Manager 

Cargills Bank opens doors to Kaduruwela

Cargills Bank opened its new branch in Kaduruwela in December last year, located at 896, Nidahas Swarna Jayanthi Mawatha, Kaduruwela.  

NDB celebrates New Year with religious observances

The Chairman Ananda Athukorala, CEO Dimantha Seneviratne, management and the staff of the National Development Bank PLC celebrated the first working day of the year 2018 at their Nawam Mawatha 

Motor racing champ Malagamuwa receives Pan Asia Bank World Mastercard

Sri Lankan motor racing champion Dilantha Malagamuwa recently became a Pan Asia Bank World Mastercard holder where he accepted his World Mastercard Credit Card from Pan Asia Bank’s DGM- Marketing and Personal Banking Nalaka Wijayawardane at Pan Asia Bank head office. 

NDB celebrates Rs. 4 bn mobile banking app transactions in December

NDB celebrated the reach of Rs. 4 billion worth of mobile banking transactions in December 2017, prior to the end of the year. 

PLC conferred multiple awards at Annual Report Awards 2017

People’s Leasing and Finance PLC (PLC), the leading non-bank finance company in Sri Lanka was conferred with two coveted Gold awards, a Silver award and a Bronze award at the 53rd edition of the ‘CA Sri Lanka Annual Report Awards 2017’ held at the BMICH, recently.

National Savings Bank begins new year on high note

National Savings Bank commenced the first working day of the new year, 2018, by a ceremonious event held at the Head Office Premises of NSB in Kollupitiya, on January 2nd 2018, in the morning hours.

Pan Asia Bank welcomes 2018

The Chairman, the senior management and the staff of Pan Asia Bank ceremonially welcomed the year 2018 at its Head Office in Colpetty on the 2nd January, the first working day for the 

Amana Bank opens first self-banking centre at Slave Island

Amana Bank inaugurated its first self-banking centre at Slave Island under the patronage of Chief Executive Officer Mohamed Azmeer alongside the bank’s Director Jazri Magdon Ismail and members of the management committee.

Management of step-in risk in banks

The growth of the global banking system is a function of synergy between banks and non-bank entities. They coexist and complement the role to support the growth of the economy. As a result, many times, banks have to enter into dealings even with less regulated/unregulated financial entities. 

China to cap overseas withdrawals using domestic bank cards

REUTERS: China’s foreign exchange regulator will cap overseas withdrawals using domestic Chinese bank cards at 100,000 yuan (US $ 15,370) per year in an effort to target money laundering, terrorist financing and tax evasion, it said 

CB extends deadline for exchange of mutilated currency notes

The Central Bank of Sri Lanka (CBSL), considering the immense requests from the public and the difficulties that the public is facing in exchanging wilfully defaced currency notes at licensed commercial banks (LCBs), has decided to extend the time period for such exchange of currency notes at LCBs up to March 31, 2018.