Insurance made easy with InsureMe.lk

InsureMe.lk is Sri Lanka’s first insurance comparison web platform that helps customers compare the features of different insurance policies within a specific category and purchase insurance online. 

BOC records highest PBT of Rs.31bn in 2016

Bank of Ceylon, having completed many fruitful years, now has closed 2016 with another   trailblazing record of Rs.31.2 billion profit before tax (PBT) with 23 percent growth. 

Asiamoney affirms Combank ‘Best Domestic Bank’ & ‘Best Digital Bank’ in SL

The Commercial Bank of Ceylon has annexed two more prestigious international awards, being adjudged the ‘Best Domestic Bank’ and the ‘Best Digital Bank’ in Sri Lanka by Asiamoney, considered the most authoritative voice for the banking industry in the Asia Pacific region.

Ceylinco Life policy holders to receive Rs 3.8bn worth bonuses this year

A mammoth Rs 3.8 billion in annual bonuses will reach some 300,000 policyholders of Ceylinco Life in April and May this year, the life insurance leader has announced.

Prakash Schaffter addresses Asia Insurance Review’s regional conference

Veteran Sri Lankan Insurer and Managing Director of Janashakthi Insurance PLC, Prakash Schaffter was invited to share his learning from the Sri Lankan Insurance sector’s shift to the  Risk-Based Capital (RBC) framework, at the 3rd Asia Conference on Risk-Based Capital in Manila, Philippines recently.

Nimal Tillekeratne assumes duties as Pan Asia Bank CEO

Veteran banking professional Nimal Tillekeratne assumed duties as the Chief Executive Officer of Pan Asia Bank on April 3rd, at the bank’s head office. 

LOLC Al-Falaah wins ‘Deal of the Year’ award

Al-Falaah, the Islamic Business Unit of LOLC Finance PLC has been recognized globally on multiple occasions for the financial year 2016/17 by winning several awards at globally recognised award presentations. 

Rupee rises on inward remittances, exporter dollar sales

REUTERS: The Sri Lankan rupee ended stronger yesterday, helped by inward remittances and selling of the greenback by exporters ahead of the festival season, but the gains were capped by dollar demand from a foreign bank in late trade, dealers said.

DFCC Bank’s ‘Avurudu Hat Trick’ campaign offers season’s best rewards

Keeping with the spirit of the Avurudu season, DFCC Bank is pleased to introduce the ‘Avurudu Hat Trick’ campaign, which offers families the opportunity to receive three kinds of benefits including gifts, gift certificates and special interest rates for fixed deposits, with the objective of making the upcoming Avurudu festival season a special one.

LB Finance launches ‘LB Gift Store’ for FD, savings customers

LB Finance launched an innovative finance product recently by introducing LB Gift Store, in partnership with Mydeal.lk, Ltd, a pioneer in the Sri Lankan e-commerce industry.

Aviva eyes sale of Friends Provident for US $ 500-US $ 700mn

REUTERS: Aviva PLC is exploring a sale of its Friends Provident International unit, which offers life assurance and investment products, in a deal that could raise between US $ 500 million and US $ 700 million, a source with direct knowledge of the matter said.

HNB launches card promo for Avurudu season

Just in time for the annual Sinhala and Tamil New Year celebrations, Sri Lanka’s premier private sector commercial bank, Hatton National Bank PLC (HNB), announced a new promotion in time for Avurudu for all its cardholders. 

Deepthi Lokuarachchi appointed as IASL President

The Insurance Association of Sri Lanka (IASL) announced the appointment of Deepthi Lokuarachchi as its President. He assumed office taking over from his predecessor President Dirk Pereira, Chief Executive Officer of Union Assurance PLC. 

Siyapatha Finance announces Avurudu Ganudenu campaign

With the approach of the Sinhala and Tamil New Year, the leading financial organisation, Siyapatha Finance PLC, has announced the launch of its new islandwide fixed deposit campaign - Avurudu Ganudenu. The campaign is scheduled to take place from April 3 to 30, 2017. 

People’s Bank relocates Marandagahamula branch

The new two-storey building and self-banking unit of People’s Bank Marandagahamula branch was declared open by People’s Bank Chief Executive Officer/General Manager N. Vasantha Kumar recently.

People’s Bank group posts Rs.25.4bn pre-tax profit

The bank that has always maintained its central ethos of being the pulse of the people, People’s Bank, declared an impressive financial performance for the FY 2016, with all key performance indicators showcasing a striking upward trajectory in the group’s performance. 

Pan Asia Bank offers high rates, valuable gifts for deposits this Avurudu season

Sinhala and Tamil New Year is an event that brings Sri Lankans from all walks of life together where they look forward to the auspicious times to spruce up their homes and give gifts to their loved ones.    

‘BOC Triple Wasi’ draw raises 125 winners around country

Bank of Ceylon, with the intention of encouraging Sri Lankan expatriates to save more for themselves and their loved ones through a safe fund transferring service, has introduced the ‘BOC Triple Wasi’ draw that enables the beneficiaries of those remittances to win three times the money they received per remittance.    

Fairfirst and Honda enter strategic partnership

Fairfirst Insurance is the amalgamated entity of two prominent general insurance companies of Sri Lanka namely, Union Assurance General and former Asian Alliance General Insurance. Fairfirst recently entered into a strategic partnership with Stafford Motor Co. (Pvt.) Ltd, the sole distributor for Honda. 

ComBank cardholders get exciting Avurudu discounts from popular retailers

Avurudu is synonymous with shopping, in cognisance of which Commercial Bank of Ceylon is partnering with popular retailers this New Year season to offer an exciting array of discounts up to 50 percent for the credit and debit card holders of the bank.

Ceylinco Life begins work on green building for Chilaw branch

Ceylinco Life has commenced construction of a new eco-friendly building to house its branch in Chilaw, continuing efforts to reduce the company’s carbon footprint.

Singer Sri Lanka parent sheds 8% stake

Singer Sri Lanka PLC parent Retail Holdings (Sri Lanka) BV yesterday sold 10.2million shares of Singer Sri Lanka, amounting to 8.2 percent of the issued shares of the company, further trimming its 

NDB relocates Kiribathgoda branch

National Development Bank PLC (NDB) relocated its Kiribathgoda branch to a more spacious and a conveniently accessible location at No: 540, New Hunupitiya Road, Dalugama, Kelaniya, in a bid to provide a better service experience to people in the area. 

Union Assurance December net up 34% over higher premiums, investment incomes

Union Assurance PLC increased its December quarter net profit by 34 percent to Rs.1.12 billion largely supported by the growth in gross premium incomes and investments incomes, which rose sharply against the corresponding period last year, the financial results released to the Colombo Stock Exchange showed. 

SampathCards introduces offers for this Avurudu

Always at the forefront in bringing its customers the very best of benefits, SampathCards continues its tradition of giving cardholders more opportunities to enhance their lifestyle during the Sinhala and Tamil New Year celebrations. 

HNB completes milestone launch of Jaffna Priority Circle

Crossing another significant milestone in its islandwide expansion drive, Sri Lanka’s premier private sector commercial bank, Hatton National Bank PLC (HNB), announced the launch of its popular Priority Circle plan at its Jaffna branch. 

Sri Lanka Insurance expands branch network

Sri Lanka Insurance (SLI) has major expansion plans for the year 2017 and as the first step in this regard, two fully-fledged branch offices joined the network recently in Borella and Ragama. 

HNB opens new St. Joseph’s College student savings unit

Continuing in its pioneering efforts to inculcate the savings habit in children, Sri Lanka’s premiere private sector commercial bank, hatton national Bank PLC (HNB) announced the opening of a new student savings unit at St. Joseph’s College, Colombo. 

People’s Bank reaffirms commitment to SME sector

As per its vision to propel the expansion and expertise of small and medium businesses, People’s Bank held its ‘Entrepreneurial Glory’ programme at the Ruins Chaya Hotel in Polonnaruwa.

NTB arranges US $ 20mn syndicated loan for leading Maldivian resort developer

Nations Trust Bank PLC (NTB) concluded a landmark US $ 20 million syndicated term loan facility for Coastline Hotels and Resorts (Pvt.) Ltd recently.