DFCC Bank’s Vardhana Virtual Wallet offers seasonal discounts up to 60%

The Christmas season just got a whole lot more interesting with an exciting seasonal offer from DFCC Bank. The Vardhana Virtual Wallet customers can avail of steep discounts up to 60 percent at popular merchants encompassing online, clothing, restaurants, supermarket, taxi service and fresh seafood stores. 

Changing risk climate in banks

Innovations, diversification and the entry of integrated technology have transformed the landscape of banking world over. So is the case in Sri Lanka. Due to the increased competition, banks have been striving hard to adapt best practices in banking both in product diversification and dispensing quality of service. 

BOC recognised for economic contribution and sustainability at BCCS Awards 2017

Bank of Ceylon (BOC) won two awards at Best Corporate Citizen Sustainability Award Ceremony 2017 held recently at Cinnamon Grand, Colombo.  BOC was recognised as the winner of the ‘Triple Bottom Line - Economic Sustainability (Profit)’ award and also recognized as a category winner – ‘Economic Contribution’ award. These two awards were awarded to the bank in recognition of its sustainable business growth, econom

Nine local banks to provide Rs.5.2bn in green funding

Nine local commercial banks and two financial institutions acting as participating credit institutions will loan Rs.5.2 billion under a state-sponsored loan scheme for green initiatives by the manufacturing sector small and medium-scale enterprises. 

NDB joins exclusive ranks of Business Today Top 30

NDB was honoured at the ‘Business Today Top 30’ award ceremony held recently, presented by the popular magazine ‘Business Today’. 

Rupee ends firmer on dollar remittances

REUTERS: The Sri Lankan rupee closed stronger yesterday on dollar sales by exporters and year-end remittances, dealers said.

Clearing Association of Bankers holds 9th AGM

The Clearing Association of Bankers (CAB) held its ninth Annual General Meeting on November 24th 2017 at the conference hall of the HNB Towers in Colombo 10. This special event was graced by Guest of Honour Lanka Clear (Pvt.) Ltd Chief Executive Officer and General Manager Channa De Silva, Chief Operating Officers of various banks, Deputy General Managers, Heads of the Clearing departments of all Commercial Banks, the members of CAB and other&nbs

LMFPA holds introductory session to South Asian Regional Micro Finance Conference in March

Lanka Micro Finance Practitioners’ Association (LMFPA) held its introductory session and cocktail of the South Asian Regional Micro Finance Conference on November 22nd 2017 at Kingsbury Residences.

MCB Bank declares open upgraded Pettah branch

The fast growing Pakistan-based MCB Bank recently declared open its newly refurbished Pettah branch, as part of its drive towards providing an enhanced customer experience across Sri Lanka.

Epic Technology Group partners Japanese software integrator TechnoBrave

Premier and award winning regional technology leader, Epic Technology Group, synonymous for innovative and superior FinTech solutions has partnered with Japanese software integrator TechnoBrave Co. Ltd. The sole objective of this partnership is to promote and implement innovative FinTech solutions of Epic Technology Group in the Japanese market.

CLC Islamic Finance grabs Gold at IFFSA Awards 2017

CLC-Islamic Finance, the Islamic Business Division of Commercial Leasing and Finance PLC (CLC) took home Gold at the recently concluded Islamic Finance Forum South East Asia (IFFSA) Awards 2017.

Softlogic Life launches platform to promote paperless insurance

Softlogic Life, Sri Lanka’s fastest growing life insurance company recently introduced Express Digital Policy Issuance for their fast growing customer base in Sri Lanka.

Standard Chartered hosts Correspondent Banking Academy

Standard Chartered hosted a Correspondent Banking Academy for around ninety representatives from across its client footprint in Sri Lanka.

NTB Abu Dhabi F1 holiday draw winner announced

Every card-member who used their card to pump fuel for LKR2,500 or more between July 1st and October 31st 2017 stood a chance to enter the draw and win an all-expense paid holiday to Abu Dhabi, as the city comes alive to crown the fastest F1 racer of the year.

Sampath Bank empowers local merchants with UnionPay card acceptance

Sampath Bank announced that its local merchant partners will now be able to accept UnionPay credit and debit cards for Point of Sale (POS) payments.

Commercial Bank opens 258th branch in Rambukkana

The 258th branch of the Commercial Bank of Ceylon was opened in the town of Rambukkana, in the district of Kegalle, famed for the Pinnawala Elephant Orphanage, recently.

People’s Bank inaugurates Innovation Centre

People’s Bank Innovation Centre was recently inaugurated in York Street, Colombo 1, under the patronage of People’s Bank Chairman Hemasiri Fernando.  In conjunction with its digitalization process, People’s Bank has marked a milestone in the history of the Sri Lankan banking sector by establishing the Innovation Centre, aiming to further strengthen the operations of its IT department. 

People’s Leasing’s ‘Al Safa’ bags top honours at SLIBFI Awards

Al Safa (AIF), the Islamic finance unit of People’s Leasing & Finance PLC (PLC), recently won top honours at the Sri Lanka Islamic Banking & Finance Industry (SLIBFI) Awards, held at Hotel Ramada Colombo. 

Lak Jaya Micro Finance opens head office

Lak Jaya Micro Finance Limited officially opened its head office at No. 386B/1/1, High Level Road, Pannipitiya recently.

UK’s The Banker crowns HNB ‘Bank of the Year 2017’

Sri Lanka’s premier retail sector bank, HNB PLC recorded another landmark victory with its recognition as ‘Bank of the Year 2017’ in Sri Lanka by the highly acclaimed UK-based financial sector magazine, ‘The Banker’, during a ceremony attended by eminent bankers and financial institutions from across the globe recently, at The Hilton London Bankside.

Ceylinco Life draws early winners of Family Savari 11 megaa promo

As 2017 draws to a close, Ceylinco Life has given the families of 309 policyholders something exciting to look forward to in 2018, following the conduct of the first draw in the company’s ‘Family Savari’ mega promotion.

Fed officials fret over yield curve; warn on pace of hikes

REUTERS: Two Federal Reserve policymakers urged caution in raising interest rates, saying that the flattening of the yield curve was a signal that the central bank should proceed slowly.

Colombo investor forum generates overwhelming response

As part of its initiative to generate greater awareness on responsible investing among the general public the Securities and Exchange Commission of Sri Lanka (SEC) in partnership with the Colombo Stock Exchange (CSE) jointly organized an investor forum titled “Kotas welenda pola: nagarayen nagarayate”   in Colombo on 28th November 2017 at Ramada Colombo. This was the 6th forum in the series. The forum saw over 350 participan

Ceylinco Life opens branch in Hettipola

Ceylinco Life has opened a branch in Hettipola to better serve its customer base in the Matale district. Located on the first floor of Kandegedara House of Fashion, Hettipola – Wilgamuwa, the branch has ample parking facilities and is easily accessible.

Janashakthi extends life insurance services to North with second Jaffna branch

One of Sri Lanka’s foremost insurers, Janashakthi Insurance PLC, in its continued commitment to delivering service excellence, recently opened its second branch in Jaffna, extending its Life Insurance services to its valued customers in the North.

Save smart with CLC savings accounts

Commercial Leasing & Finance PLC (CLC), has launched a range of saving account solutions that have been touted to be the smartest, safest and most convenient way of saving and accessing your day to day financial needs, whilst providing the ability to benefit from increasingly high returns. 

Dialog partners Aussie Foreign Affairs Dept. to roll-out 200 ATM locations in Northern Province

Dialog Axiata PLC and Australia’s Department of Foreign Affairs and Trade (DFAT) collaborate to pilot a digital payment platform roll-out across 200 ATM (Automated Teller Machine) locations in Sri Lanka’s Northern Province. The announcement was made at the launch ceremony held in Jaffna.

Pan Asia Bank joins hands with Singer Sri Lanka

Pan Asia Banking Corporation PLC recently joined hands with the country’s largest consumer goods retailer Singer (Sri Lanka) PLC, to accept Pan Asia Bank credit card payments. 

HNB launches Asia’s first fitness-linked savings product

Seeking to meaningfully enhance lifestyles leveraging new technologies, Sri Lanka’s most digitally innovative bank, HNB PLC, announced the launch of HNB FIT savings accounts, a trailblazing new product that enables customers to save more simply by exercising more.

Insights from ICC Banking Commission’s 2017 technical meeting

For the first time in over 30 years, International Chamber of Commerce (ICC) Banking Commission’s 2017 Technical Meeting was held in London, gathering international experts and close to 250 delegates to discuss key issues affecting the trade finance industry.