Insurance regulator renamed as Insurance Regulatory Commission of Sri Lanka

The name of the insurance sector regulator, the Insurance Board of Sri Lanka, has been changed to the Insurance Regulatory Commission of Sri Lanka, with effect from October 19, 2017, consequent to an Amendment to the Regulation of Insurance Industry Act, No. 43 of 2000 by Act No. 23 of 2017. 

Amãna Bank’s 3Q17 profit before tax triples

Having recently doubled its capital to over Rs.10 billion, Amãna Bank reinforced the confidence of its shareholders by tripling its 3Q17 profit before tax (PBT) to reach Rs.186.1 million as against Rs.62.9 million of 3Q16.

MBSL introduces ‘Double Wheel Leasing’ one-day facility

Merchant Bank of Sri Lanka & Finance PLC (MBSL) has introduced a one-day leasing facility for unregistered motorcycles and scooters from reputed brand names. 

HNB Grameen Finance signs MoU with Ideal Motors

HNB Grameen Finance Limited signed a memorandum of understanding (MoU) recently with Ideal Motors (Private) Ltd to offer attractive leasing options for Mahindra vehicles.  

ComBank makes leasing more affordable with ‘Hybrid Leases’

A new leasing product that makes leasing a higher value vehicle more affordable at commencement has been launched by Commercial Bank of Ceylon especially for upwardly mobile company executives and professionals.

HNB Singithi Savings Day attracts children of all ages

Excited children of all ages rushed into over 75 Hatton National Bank (HNB) Customer Centers across the island to participate in mega-celebrations for ‘Singithi Savings Day’ on Saturday 28th October.

Pan Asia Bank holds religious ceremonies in commemoration of 22nd anniversary

To coincide with the 22nd anniversary of Pan Asia Bank, a Pirith sermon was held recently at the bank’s head office, with the participation of a large gathering of its staff and customers.

People’s Bank clinches ‘Most Creative Stall’ award at Infotel 2017

People’s Bank’s state-of-the-art People’s digital stall bagged the coveted ‘Most Creative Stall Award’ at the recently concluded Infotel 2017 exhibition and forum organized by the Federation of Information Technology Industry Sri Lanka (FITIS), under the theme ‘25 Years and Beyond – Towards a Digital Economy’.

Union Assurance launches special Brand Awareness Campaign

Union Assurance (UA), with its preeminent service continued for over 30 years, always makes its efforts to cater the best services to the communities which they operate in every possible dimension.

Janashakthi Akuressa branch moves to new premises

In line with its commitment to delivering service excellence, Janashakthi Insurance PLC relocated its Akuressa branch office to a more spacious premises, located conveniently at Ambeythota Watte, Kamburupitiya Road, Akuressa, recently.

Bank of Ceylon becomes first bank to install 150th CDM

The Bank of Ceylon (BOC) becomes the first ever bank to expand its Cash Deposit Machines (CDMs) network up to 150 machines becoming the largest CDM network provider in the country by opening its 150th CDM machine in Kochchikade on 6th November 2017.

Softlogic Life accoladed at Global Mobile Marketing Awards

Sri Lanka’s fastest growing life insurance brand Softlogic Life has become the first ever Sri Lankan brand to emerge winners in the prestigious Global Mobile Marketing Awards for the most innovative mobile messaging campaign in the world.

People’s Insurance steers insurance industry to new heights

People’s Insurance PLC, a leading insurer with seven years of a sound insurance portfolio recently announced the relaunch of its insurance brand.

HSBC launches seasonal campaign ‘Un-Worry’

This festive season, HSBC is requesting all customers to ‘Un-Worry’ their season as the bank is offering existing customers multiple savings with zero-percent plus installment plans, 10 million rupees in cash back rewards and zero-percent cash installment plans of up to 100,000 Rupees for customers who apply for any new HSBC credit card until 31 December.

Commercial Bank achieves milestone of 700 ATMs in Sri Lanka

The automated teller machine (ATM) network of the Commercial Bank of Ceylon achieved a milestone this week with the commissioning of its 700th ATM terminal at MAS Intimates Vidiyal, Kilinochchi.

FALIA holds alumni event in Sri Lanka

The Foundation for the Advancement of Life & Insurance Around the world (FALIA) Japan, recently hosted the alumni get together in Sri Lanka, at which the title of ‘Grandmaster’ was conferred on Ceylinco Life’s Managing Director R. Renganathan.

NDB Wealth offers best returns for your family

Sometimes the smallest decisions can be the most rewarding ones. Such is the case with the NDB Wealth Family Share Builder account, an ideal alternative to fixed deposits with just a little more risk. 

Sampath Bank relocates Puttalam branch

Sampath Bank’s Puttalam branch, previously located at No. 114/A, Kurunegala Road, Puttalam is now relocated at No. 85/1, Kurunegala Road, Puttalam. 

HNB General Takaful wins Gold at Islamic Finance Forum

HNB General Insurance Takaful, the Islamic Insurance unit of HNB General Insurance Limited (HNBGI), a fully owned subsidiary of HNB Assurance PLC (HNBA), received the Gold Award for ‘Takaful Window/Unit of the Year’ at the recently held Islamic Finance Forum of South Asia. 

Assetline Leasing opens branch in Kiribathgoda

Assetline Leasing Company Limited opened its new branch in Kiribathgoda, expanding the company’s island-wide presence to 49 branches and further strengthening its network in the Gampaha district. Situated in Makola Road, Kiribathgoda, the new branch is equipped with all facilities.

Sammana account holders can obtain pension on any day they wish: Pan Asia Bank DGM

Pan Asia Sammana Account was specially introduced for all pensioners who have given their best years for the country and are now enjoying life in retirement. As a result of the increasing popularity of this product, the bank recently decided to add several new value-added features to same.  To uncover more about Pan Asia Sammana account, the following question and answer session was conducted with Nalaka Wijayawardana Deputy General Manager-

Cyber security, trusted Cloud, data sovereignty and blockchain for financial services industry

The Association of Banking Sector Risk Professionals of Sri Lanka together with the Association of Compliance Officers of Banks organized a Forum on Cyber Security and Trusted Cloud, Data Sovereignty and Blockchain recently.

Amãna Takaful strikes Gold as ‘Takaful Entity of the Year’

Amãna Takaful PLC (ATL) was awarded the prestigious Gold Award in the ‘Takaful Entity of the Year’ category at the Islamic Finance Forum of South Asia (IFFSA) Awards held recently. 

Richard Pieris Finance wins big at Islamic Finance Forum Awards Night

Richard Pieris Finance Ltd, the sole financial service arm of Richard Pieris and Company PLC clinched three major awards at the Islamic Finance Forum of South Asia Annual Conference and Awards Night held recently at Ramada Hotel.

Sampath Sanhinda Saver rewards senior citizens with over Rs.100 mn in medical benefits

In line with its commitment to caring for its customers and adding greater value to their lives, Sampath Bank announced that is distributing over Rs.100 million in medical benefits to Sampath Sanhinda Saver account holders.

Epic Technology Group partners Union Bank’s digital banking platform

The award winning regional technology services provider, Epic Technology Group, once again proved its dominance in the field of FinTech solutions, having being assigned as the preferred technology partner by Union Bank.

Fitch affirms Standard Chartered Sri Lanka branch at ‘AAA(lka)’

Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka Branch’s (SCBSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable.

Sampath Sanhinda Saver rewards senior citizens over Rs.100mn in medical benefits

In line with its commitment to caring for its customers and adding greater value to their lives, Sampath Bank announced that is distributing over Rs.100 million in medical benefits to Sampath Sanhinda Saver account holders.

National Asset Management Limited moves to new office premises

National Asset Management Limited (NAMAL), the leading Unit Trust management company in Sri Lanka with widespread experience in domestic and international capital markets, moved to a new office premises located at No.7 Glen Aber Place, Colombo 3.

Fitch Affirms National Insurance Trust Fund at ‘AA-(lka)’

Fitch Ratings has affirmed Sri Lanka-based National Insurance Trust Fund Board’s (NITF) National Insurer Financial Strength Rating (IFS) and National Long-Term Rating at ‘AA-(lka)’.