ComBank raises remittance stakes with ‘Gedarata Thégi’

Sri Lanka’s benchmark private sector bank is offering recipients of remittances the chance to win a veritable treasure trove of 101 gifts – a car, four scooters, 12 LED TVs and 84 cash prizes in its exciting ‘Gedarata Thégi’ (Gifts for the Home) promotion unveiled on 18th January.

HSBC to shift staff from Britain to Paris after Brexit

REUTERS: HSBC will move staff responsible for generating around a fifth of its UK-based trading revenue to Paris following Britain’s exit from the European Union, Chief Executive Stuart Gulliver said yesterday.

AICPA urges S. Africa’s audit regulator to reject mandatory audit firm rotation

The Association of International Certified Professional Accountants (AICPA) has voiced its strong opposition to a plan by South Africa’s Independent Regulatory Board for Auditors (IRBA) to implement mandatory audit firm rotation (MAFR).  

NDB offers balance transfer option at minimum 2.5%

Credit cards have now become a common mode of transaction for many, and are becoming increasingly dependent on more than one credit card. 

CLC online offers mobile reloads, bill payments

Commercial Leasing & Finance PLC (CLC) takes another step in the journey towards providing optimal customer convenience and satisfaction in the ever evolving business world where value creation is shifting from the conventional brick and mortar structures to relying more on intangibles.  Now CLC online users can make any pre-paid (reload) and post-paid mobile payments real-time via CLC online, which enables CLC customers with a complete

Insurance industry overall GWP grows 17% in 3rd quarter

The insurance industry was able to achieve a growth of 16.97 percent in terms of overall gross written premium (GWP), at the end of the third quarter of 2016, recording an increase of Rs.14,823 million when compared to the same period in the year 2015.

PABC introduces smart way to get rid of credit card debt

Credit cards can be a vital tool in managing one’s personal financials and its popularity has grown tremendously in recent times aided by attractive seasonal promotions offered by most credit card issuers. Unfortunately,

DFCC Bank opens newest fully-fledged Wennappuwa branch

DFCC Bank’s newest fully-fledged branch opened its doors in Wennappuwa to enhance access for customers in the area.

De La Rue Lanka secures world-class security accreditation

De La Rue Lanka is celebrating its successful accreditation by the external auditors to the Central Bank standard of ISO 14298. This is a fantastic achievement for the site and follows the completion of a series of security upgrades at the plant to enable it to qualify for the accreditation.

Union Bank relocates Balangoda branch to more convenient location

Union Bank’s Balangoda branch was relocated to a more spacious location at No: 167/B, Barnes Ratwatte Mawatha. 

Ceylinco Life marks 29 years with foundation stone for Kadawatha green branch

Life insurance leader Ceylinco Life celebrated its 29th anniversary on January 14 by laying the foundation stone for a new eco-friendly branch building on company-owned land in Kadawatha.

BOC Ran Kekulu gift scheme for Grade 1 and pre-school new admissions

Bank of Ceylon (BOC) shares the joy of new year with a special gift scheme for BOC Ran Kekulu Grade One and pre-school entrants to add enthusiasm as they step into school. 

AIA Vitality, a new and rewarding platform for healthy living

Traditionally, insurers provide financial assistance when things go wrong. For example, if you pass away, your death benefits will be paid or if you are hospitalized, your bills will be compensated. AIA Insurance’s game-changing approach is intended at turning this convention around and making the experience a positive one. Instead of the usual ‘if you die-we pay’ model, AIA has found a way to motivate you to get fit, stay healt

Orient Finance to raise Rs.400mn via rights to strengthen capital base

Janashakthi group subsidiary, Orient Finance PLC, plans to raise up to Rs.400 million via a proposed rights issue to strengthen its Tier II capital, a disclosure filed with the Colombo Stock Exchange said. 

HSBC risks losing advantage with year-long delay in Chinese banking push

REUTERS: HSBC’s ambitions to establish an investment banking franchise in China have hit a roadblock, with the bank still waiting for approval for its partnership with a state-owned fund more than a year after it announced the venture.

Fitch Ratings affirms nine Sri Lankan banks

Fitch Ratings has affirmed the long-term issuer default ratings (IDRs) of the following Sri Lanka-based banks: National Savings Bank (NSB) at ‘B+’; outlook negative; Bank of Ceylon (BOC) at ‘B+’; outlook negative; DFCC Bank PLC (DFCC) at ‘B+’; outlook negative.

BOC launches ‘Branch on Wheels’

The country’s number one bank, Bank of Ceylon’s (BOC) newest value addition to its customers is ‘Branch on wheels’, which was launched ceremoniously yesterday with the patronage of the bank’s Chairman Ronald C. Perera and General Manager  D.M. Gunasekera. 

Union Bank-Instant Cash partner for money transfers

Union Bank recently announced its partnership with Instant Cash global money transfer service, which is an internationally renowned, state-of-the-art electronic money transfer system that employs leading edge Internet-based technology. 

HNB Assurance unveils 56th branch in Mathugama

Continuing the brand’s planned branch spread-out islandwide, HNB Assurance (HNBA) unveiled its 56th branch in  Mathugama recently. 

HDFC Bank opens new branch in Dambulla

HDFC Bank recently opened its 39th branch in Dambulla in line with its corporate mission to improve the living standards of the underprivileged in particular with housing and other financial facilities.

Alliance Finance relocates Aluthgama branch

Alliance Finance Company PLC, Sri Lanka’s third oldest finance company, recently moved its Aluthgama branch to a brand-new location, at No: 123, Galle Road, Aluthgama.

Mastercard redefines affluence for Asia Pacific

Mastercard has refreshed its Affluent platform in Asia Pacific with an elevated suite of premium dining and travel rewards and services. 

Stuart Chapman to steer Janashakthi Life

Janashakthi Insurance PLC, a leading Insurance provider in Sri Lanka, announced the appointment of Stuart Chapman as Director/Chief Executive Officer for its Life Business with effect from January, 1, 2017.

Deutsche Bank to pay US $95 million to end U.S. tax fraud case

REUTERS: Deutsche Bank AG agreed to pay US $95 million to resolve a U.S. government lawsuit accusing the German bank of tax fraud for using “insolvent” shell companies to hide significant tax liabilities from the Internal Revenue Service in 2000.

ComBank’s 256th branch opens in Point Pedro

Point Pedro now has its own Commercial Bank branch, following the opening of the bank’s 256thbranch in this Northern port town.

Amãna Bank opens newest branch in Kirulapone

Amãna Bank expanded its reach in Colombo by opening a branch in Kirulapone recently. 

Bank of Ceylon celebrates New Year

The Bank of Ceylon commenced its New Year operations with a ceremony on January 2nd, the first working day. Religious ceremonies were also carried out on this day. The ceremony took place under the patronage of the Bank’s chairman, Ronald C. Perera, Board of Directors and the General Manager  D.M. Gunasekera.

Citi-CCC empower Urubokke micro-scale businessmen

Under the Citi-CCC rural economic empowerment programme, Hatton National Bank (HNB) provided loan facilities to a group of micro-scale businessmen in the Urubokke area of the Matara district to commence new businesses as well as for expansion of existing businesses. 

DFCC’s New Year family saving offer receives overwhelming response

DFCC’s New Year family saving offer received an overwhelming response as many customers walked into DFCC branches across its network on the 1st of January 2017 with their families to make deposits and earn rewards. 

People’s Leasing opens 100th branch in Hanwella

The leading non-bank finance company in Sri Lanka, People’s Leasing & Finance PLC (PLC), opened its 100th branch in the Hanwella town (No: 132/3, Colombo Road, Hanwella) recently.