CIOB with HNB launches green credit card

The Ceylon Institute of Builders (CIOB), the pioneer which actively promotes green constructions in Sri Lanka, together with Hatton National Bank (HNB) recently launched a green credit card for people engaged in the construction industry as well as for professionals, at the HNB auditorium. 

Cargills Bank opens branch in Wattala

Cargills Bank opened its new branch in Wattala recently. It is located at No: 315, Negombo Road, Wattala giving an opportunity to customers of Wattala to experience superior banking service and convenience.

ICRA Lanka assigns Alliance Finance [SL]BBB-/stable outlook

ICRA Lanka Limited, a subsidiary of ICRA Limited, a group company of Moody’s Investors Service, has assigned the issuer rating of [SL]BBB- with a stable outlook to Alliance Finance Company PLC (AFCP).

Rupee gains as exporters sell dollars

REUTERS: The Sri Lankan rupee ended firmer yesterday as dollar selling by exporters surpassed mild demand for the greenback from importers, dealers said.

Allianz ranked No.1 insurer in Dow Jones Sustainability Index

Allianz Group has taken the leading position among all rated insurance companies in the latest Dow Jones Sustainability Index (DJSI). 

US Federal Reserve keeps interest rates unchanged

AFP: The US Federal Reserve kept its benchmark interest rate unchanged this week and announced the gradual end to a crisis-era stimulus programme in a sign the economy is on sound footing. The Fed statement following its two-day policy meeting noted that the devastation caused by Hurricanes Harvey, Irma and Maria are “inflicting severe hardship” on communities.

Union Bank strengthens network with 66th branch in Peradeniya

Union Bank extended its footprint in the Central Province with the opening of its 66th branch at No: 921, Peradeniya Road, Kandy.

HNB Grameen Finance signs MoU with Associated Motorways

HNB Grameen Finance Limited signed a memorandum of understanding (MoU) recently with Associated Motorways (Pvt.) Ltd (AMW) to offer attractive leasing options for Renault KWID passenger cars, Suzuki Shakthi mini trucks and New Holland tractors. 

Fitch affirms Alliance Finance at BB+(lka); Withdraws Ratings

Fitch Ratings has affirmed Alliance Finance Company PLC’s (AFC) National Long-Term Rating and the ratings on its outstanding senior unsecured debentures at ‘BB+(lka)’. The Outlook on the National Long-Term Rating is Stable.

ComBank innovates again with ‘FastPay’ – new mobile payment option

The Commercial Bank of Ceylon has launched its own mobile payment option, enabling account holders to make instant cash-less transactions via the bank’s existing mobile banking app, through a simple and innovative mobile payment option.

Entrepreneurship and microfinance backbone of Lankan economy : SDB Bank Director

Expressing views on the Sri Lankan MSME sector alongside the reasons for its unwavering confidence in SDB Bank’s growth potential, Non-executive, Non-independent Director, the largest shareholder as at 31st August 2017 with 11percent stake in SDB, and the Managing Director of Global Rubber Industries (Pvt.) Ltd. Prabhash Subasinghe underscored the fact that entrepreneurship and microfinance sector has tremendously supported and consolidated

Softlogic Life leads with over 80% claims settled in one day

Softlogic Life Insurance PLC has leveraged its strong synergy with healthcare and healthcare solutions where the Group’s Asiri Hospitals have backed them in gaining a leadership position in the competitive life insurance space.

MBSL Matara branch reopens with new look

Merchant Bank of Sri Lanka & Finance PLC (MBSL) recently extended its new design and look to its Matara branch to provide customers a redefined financing experience. 

Pan Asia Bank offers 13.1% AER on 4-month FDs

Pan Asia Bank has come out with a short-term fixed deposit promotion, which offers a higher rate of interest on four-month fixed deposits, where the customers get the opportunity of receiving a 13.1 percent annual effective rate (AER) on their fixed deposits (nominal rate 12.57 percent p.a.).

SANASA Federation hosts ACCU Forum 2017

SANASA Federation of Sri Lanka (Federation of Thrift and Credit Co-operative Societies Ltd in Sri Lanka), has the honour of hosting Association of Asia Confederation Credit Unions (ACCU) Forum 2017, from September 16 to 22, 2017, at Galadari Hotel Colombo.

Fitch rates LB Finance’s senior and subordinated debt

Fitch Ratings has assigned LB Finance PLC’s (LB; A-(lka)/Stable) proposed senior, unsecured and subordinated debentures expected national long-term ratings of ‘A-(lka)(EXP)’ and ‘BBB+(lka)(EXP)’, respectively.

World Federation of Exchanges CEO visits CSE

Making her first visit to the Colombo Stock Exchange (CSE), World Federation of Exchanges (WFE) Chief Executive Officer Nandini Sukumar commended the special relationship between the two organisations and stressed on the important contribution made by the CSE to regional capital market development. 

Seylan Bank opens 166th branch in Kandana

Strengthening its vision to offer ultimate banking solutions to the people of Sri Lanka, Seylan Bank opened a fully-fledged branch in Kandana, expanding the bank’s footprint to 166 branches island-wide.

SDB bank Negombo branch refurbished

SDB bank Negombo branch was refurbished and re-opened at the same location recently with the objective of providing more efficientand friendly service to its customers with more sophisticated facilities. 

ComBank enhances corporate website with assistive technology for differently-abled persons

The Commercial Bank of Ceylon has broken new ground in enhancing access for differently-abled persons by enriching its corporate website with special assistive technologies for users with visual disabilities, hearing impairments, physical disabilities and age-related conditions.

Softlogic Finance partners with Suzuki Motors to introduce new lease facility

Sri Lanka’s most dynamic financial services solutions provider, Softlogic Finance PLC announced an exclusive breakthrough partnership with Suzuki Motors to facilitate leases for aspiring motorcycle owners. 

Central Bank appoints six new Assistant Governors

The Monetary Board of Sri Lanka’s Central Bank has promoted six Staff Class Grade IV officers to the post of Assistant Governor with effect from August 31, 2017. 

CA Sri Lanka confers ACA, FCA status to new members

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) conferred the distinguished Associate Chartered Accountants (ACA) designation to 291 new chartered accountants and the prestigious Fellow Chartered Accountant (FCA) status to 62 of its members at the 2017 convocation.  

Union Assurance expands branch network to augment services

Union Assurance (UA), being one of the leading insurance companies in Sri Lanka, which embraces achieving success through trusted protection, continuously focuses on its branch expansion strategy to extend its services throughout the island to cater all the communities. 

PLC now internationally CarbonNeutral certified

People’s Leasing & Finance PLC (PLC), Sri Lanka’s market leader in leasing and a subsidiary of People’s Bank, was recently awarded the internationally accredited CarbonNeutral certification by Natural Capital Partners (NCP) of the UK. 

ComBank wins two awards from UK’s International Banker

Commercial Bank of Ceylon won the awards for the ‘Best Commercial Bank of the Year’ and ‘Best Innovation in Retail Banking’ presented by the prestigious UK-based quarterly publication ‘International Banker’.

Union Bank becomes SL’s first bank to receive PCI DSS certification

Marking a significant turning point in data security protection, Union Bank became the first bank in Sri Lanka to receive the international payment card Industry Data Security Standard (PCI DSS) by the Security Standards Council. 

Amãna Bank introduces Online Account Opening

Amãna Bank has introduced the convenience of Online Account Opening to facilitate its customers with an easy and time-saving method of opening an account without going through the hassle of writing on forms. 

HNB-Visa announce new airport experience for cardholders with DragonPass launch

Sri Lanka’s most innovative bank, HNB PLC, announced a breakthrough partnership with Visa to deliver a special range of benefits for the HNB Visa Infinite and Visa Signature cardholders, including access to the world’s most prestigious airport lounges and an outstanding range of discounts. 

Seylan Bank introduces ‘Seylan income Saver’ for corporates and employees

Reiterating its commitment in adding value to the citizens of Sri Lanka, Seylan Bank introduced the ‘Seylan Income Saver’, a novel proposition devised for corporates and employees to offer a wide array of benefits for savings account holders and their fixed incomes.