FCCISL, ComBank Mastercard and CH 17 launch exclusive debit card for SMEs

The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), Commercial Bank and Channel 17 (CH17) have launched a special Mastercard branded hybrid debit card exclusively for entrepreneurs in the Small and Medium Enterprise (SME) sector, in a scheme to recognise the important economic contribution by such entrepreneurs.

Commercial Leasing and Finance relocates Embilipitiya branch

Commercial Leasing and Finance PLC (CLC) ensures its commitment towards its customers by continuously delivering their finest services more comprehensively through every step forward. Validating their brand promises, CLC Embilipitiya branch was relocated recently, renewing its relationships with its customers yet again.

CSE and SEC to host next ‘Invest Sri Lanka Forum’ in New York

The ‘Invest Sri Lanka Investor Forum’ organized by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with CSE member firms and leading listed companies will be held on16th October at the Sofitel New York. 

Cargills divests CTF to focus on core banking

Cargills Bank Limited announced the divesture of 80.34 percent stake controlling interest in Colombo Trust Finance PLC (CTF) to Dialog Axiata PLC. 

AIA Group CEO meets President and pledges support to Sri Lanka

Ng Keng Hooi met with President Maithripala Sirisena during his first visit to Sri Lanka since his recent appointment as Group Chief Executive and President of AIA Group.

Save Your Monkey partners Uber offering value added services

Save Your Monkey, Sri Lanka’s pioneering Insuretech company, recently partnered with Uber Sri Lanka to offer their customers a variety of exciting value added services.

NDB Wealth ‘Regular Income Plan’ helping meet life’s milestones

No matter the financial goals one aspires to, whether it is buying a home or car, or paying to educate one’s children, a Regular Income Plan from expert financial planner NDB Wealth is one of the best options for true success.

Seylan Bank introduces ‘Seylan Income Saver’

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.

Overwhelming response for Kandy Investor Forum

The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) jointly concluded another successful Investor Forum in Kandy.

HNB launches LoungeKey platform and facilities for MasterCard cardholders

HNB MasterCard World, Corporate and Business cardholders can now escape the bustle of busy airport departure halls using the complimentary LoungeKey platform to gain access to over 800 international airport lounges in over 120 countries across the globe. 

Amana Takaful fulfills its promises in Galle

Amana Takaful Insurance, being the pioneer of the ‘Takaful Insurance way’ has played a vital and revolutionary role in the Sri Lankan Insurance Industry during its 18 year presence. 

AIA and Wayamba University congratulate Personal Financial Management Diploma graduates

AIA Insurance collaborated with the Wayamba University of Sri Lanka in successfully completing the Diploma in Personal Management for Wealth Planners and Wealth Planners’ Managers.

Seylan Bank opens latest branch at Kandana

Seylan Bank expands its branch network further by opening its newest branch at No.82, Negombo Road, Kandana. 

People’s Bank opens extension counter at Kurunegala Court Complex

An extension counter of People’s Bank was inaugurated at the premises of Kurunegala Court Complex by Prime Minister Ranil Wickremesinghe.

DFCC Bank opens full service branch in Morawaka

DFCC Bank opened the doors of its newest fully-fledged branch in Morawaka to enhance access for customers in the area. 

People’s Bank digitalization drive strengthens digital footprint

Since its inception 56 years ago, People’s Bank has supported customers across the country with practical and convenient financial products and services that meet their unique needs and uplift their lives. 

New York regulator fines Pakistan’s Habib Bank US$225mn for compliance failures

REUTERS: The New York State Department of Financial Services last week said Pakistan’s Habib Bank had agreed to pay US$225 million to settle an enforcement action brought against it for infringing laws designed to combat illicit money transfers.

ComBank announces special rentals during 3-month ‘Leasing Vaaré’

The Commercial Bank of Ceylon has declared September to November as the ‘leasing season’ and will help customers celebrate by offering extra special interest rates during these three months.

AmãnaTakaful rescues sunken vessel off Hambanthota port

Once again Amãna Takaful came forward and compensated a fishing vessel that met with unfortunate sinking incident off the port of Hambanthota. 

CCI and Sampath Bank launch Affinity Master Card

The Chamber of Construction Industry Sri Lanka (CCI), as the apex representative body of the construction industry stake holders, together with Sampath Bank PLC launched the CCI branded Affinity Master Card at a ceremony following their Annual General Meeting on the 07th September at Galle Face Hotel

ComBank introduces promo for credit cardholders

The Commercial Bank of Ceylon will wipe out up to Rs 3 million in credit cards spends over the next three months in an exciting new promotion that invites cardholders to ‘spend more and win more.’ Additionally, three credit card holders will each win a Samsung Galaxy S8 smartphone every month in September, October and November under this promotion.

Ceylinco General Insurance 2Q PAT up 286%

Ceylinco General Insurance Ltd., announced excellent results for the period ended June 2017, indicative of yet another outstanding year of growth.

Ceylon Index Fund emerges top performing fund in 1H 2017

The Ceylon Index Fund (CIF) that invests in blue chip, liquid companies listed on the Colombo Stock Exchange (CSE) has emerged as the top performing Unit Trust out of all 78 mutual funds in Sri Lanka during the first half of 2017. The fund reported a performance of 15.57%* during the first six months of 2017. The ASPI gained 8.33%** during the same 6 month period. CIF is classified as an open-ended Equity Index Fund by the Unit Trust Association

Ceylinco Life launches ‘Conduct Risk’ training to promote TCF principles

Ceylinco Life has engaged two international consultancy firms to conduct special training programmes on Treating Customers Fairly (TCF), also termed ‘Conduct Risk’ in the financial services industry. 

AIA’s wealth planners in Miami for President Club

Seven of AIA’s top performing Wealth Planners and Wealth Planners’ Managers travelled to Miami, USA together with the Best Distribution Head for the President Club (2016).  The President Club is the most prestigious event organized by AIA Group for AIA’s top achievers, worldwide and this year’s event was held at the Ritz Carlton.  Sri Lanka’s winners were selected based on the highest levels of performance

HNB collaborates with EDB to launch new SME export credit facility

Sri Lanka’s most innovative bank, HNB PLC working in close collaboration with the Export Development Board of Sri Lanka (EDB) announced the launch of HNB SME Export Credit, a pioneering new facility specially designed to meet the requirements and aspirations of Sri Lanka’s burgeoning Small and Medium Enterprise (SME) sector.

Tech-based solutions essential for insurance industry growth: start-up

Despite the fierce competition in the market, Sri Lanka’s insurance industry has largely remained conventional in its business operations for decades. Earlier this year, however, signs of an eminent disruption appeared with online insurance aggregators and comparison platforms entering the market. Save Your Monkey is one such pioneering insurtech start-up that’s promising to disrupt the conventional insurance industry through digitali

Allianz Lanka caters to growing customer needs with new office

Allianz Lanka, in a bid to provide its customers with greater access to its world-class services, opened a new city office at No: 251, Dharmapala Mawatha, Colombo 7.

Nations Trust Bank CEO talks on ‘next-gen banking’

Nations Trust Bank PLC strongly believes that change is needed within the organisation and the financial services sector as a whole for it to survive and thrive in the future.

Hutch introduces 24/7 ATM reloads for HNB customers

Hutch, Sri Lanka’s fastest growing mobile broadband operator recently introduced 24/7 reload service through the island wide ATMs, Cash Deposit Machines (CDM) and Kiosks network of Hatton National Bank (HNB).