BOC facilitates speedy cash deposits through new CDMs

Providing the comfort of seamless transactions to customers, the Bank of Ceylon provides ease of 

Softlogic financial services cluster records Rs.163mn net profit for June quarter

The Softlogic group’s financial services holding company, Softlogic Capital PLC, posted a net profit of Rs.163 million for the quarter ended June 30, 2016 (1Q17), a jump from Rs.43.3 million it recorded 

CA Sri Lanka int’l seminar on accrual accounting, IPSAS implementation in November

CA Sri Lanka, along with its Public Sector Wing (APFASL), is organising an international seminar on 

HNB General Insurance appoints Marina to board

HNB General Insurance Limited (HNBGI), a fully-owned subsidiary of HNB Assurance PLC (HNBA), announced the appointment of Marina Tharmaratnam as an Independent Non-Executive Director to   

Nimal steps down; Eshana appointed PABC Chairman

Eshana De Silva was appointed Chairman of Pan Asia Banking Corporation PLC (PABC) with effect from September 1, 2016.

HNB strikes US $ 50mn private placement deal with Asian Development Bank

Hatton National Bank PLC (HNB), the country’s second largest private bank in terms of assets, has struck a private placement deal with the Manilabased development financier, Asian Development 

NDB opens trading for September at CSE

National Development Bank PLC (NDB) rang the Opening Bell to commence trading at the Colombo 

Union Assurance maintains steady growth in core life insurance business

Union Assurance (UA) reported steady progress in the life insurance business, recording Rs. 3.9 billion gross written premium which is a 22 percent growth compared with the previous year.    

Fitch affirms Citibank Colombo branch at ‘AAA(lka)’; outlook stable

Fitch Ratings has affirmed Citibank N.A. Colombo branch’s (CitiSL) national long-term rating at ‘AAA(lka)’. The outlook is stable. CitiSL’s rating is the highest on the national rating scale and 

NTB American Express Cards 12-month interest-free travel promo is back

Nations Trust Bank American Express Cards once again declared open its long awaited 12 month interest-free travel promotion. 

CA Sri Lanka’s 37th National Conference to be held next month

The 37th National Conference, organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) themed ‘Unleashed Thinking’ is scheduled for October. 

Running out of retirement income a common financial fear – NDB Wealth

“Running out of money in retirement, too much debt and managing money day-to-day are the main financial worries for most people. Nine out of 10 people have real concerns about how long their money will last once they give up work. A further eight out of 10 fear they will never have enough savings to give up work when they reach the age of retirement,” says Christina Wesley, Financial Advisor with NDB Wealth.

New travel companion to access a world of privileges  

HSBC has re-launched its specialist Visa Signature travel credit card, focusing on the most discerning travel needs of its cardholders with exclusive local and global travel privileges to suit their lifestyle.    

Ceylinco Life’s 6-month income up 14% to Rs 11 bn

Ceylinco Life has reported that total income grew 14 per cent to Rs 11.028 billion in the six months ending 30th June 2016, with robust growth in both gross written premium and income from investments enabling the life insurance leader to consolidate its position at the helm of the sector. Gross premium income at the end of the first half of the year totalled Rs 7.173 billion, reflecting a growth of 12 per cent over the corresponding six months o

Seylan increases benefits for ‘Sure’ account holders up to Rs.200, 000

In a revolutionary industry breakthrough, Seylan Bank has relaunched its popular customer loyalty scheme ‘Seylan Sure’, to deliver the highest possible benefits to its customers. Seylan bank pioneered in introducing this loyalty scheme for savings and current account holders, which has now evolved to be the benchmark of the industry. 

NTB continues to strengthen SME sector

With a vision to propel the expansion and empowerment of small and medium enterprises (SMEs) in 

Asian Alliance Insurance celebrates a year of excellence

Demonstrating its excellence at the regional as well as the national level, Asian Alliance Insurance 

CA Sri Lanka launches Continuing Professional Development online tool

In its efforts to stay ahead with technological advancements and provide its stakeholders with a 

Fitch affirms SLIC at IFS ‘B+’/Negative

Fitch Ratings has affirmed Sri Lanka Insurance Corporation Limited’s (SLIC) insurer financial strength (IFS) rating at ‘B+’ with a negative outlook. The agency has also affirmed the national IFS rating and 

7th NAFLIA Congress attracts over 1000 participants

Over one thousand life insurance sales professionals gathered at the BMICH recently for the seventh 

Bartleet changes investment banking arm’s name

Religare Bartleet Capital Markets (Pvt.) Ltd, the investment banking arm of the Bartleet Religare 

DFCC Bank keeps growing in Kandy

DFCC Bank further extended its footprint in Kandy with the opening of two fully-fledged branches in the Kandy City Centre (KCC) and Peradeniya, recently. 

Pan Asia Bank progresses gaining rapid growth

Pan Asia Bank which is known for its range of novel innovative products and services is in the process of introducing new online and mobile banking channels. 

Second ‘Dine and Smile’ promo this year for ComBank cardholders

Commercial Bank of Ceylon has unveiled its second ‘Dine & Smile’ promotion of 2016 for Credit and Debit Card holders, offering them attractive discounts at 55 popular restaurants till 5th October 2016.

Union Assurance relocates Mahiyanganaya and Wattala branches

Union Assurance was able to further strengthen its branch coverage by relocating two of its branches in Mahiyanganaya and Wattala. 

CLC Islamic Finance celebrates first anniversary

The Islamic Business Division (IBD) of Commercial Leasing & Finance PLC (CLC) successfully completed its first year in operations embodying a remarkable financial performance.  Embarking on another revolutionary financial service provision, CLC unveiled ‘CLC Islamic Finance’ in July 2015 despite of challenging economic conditions remained during the time to offer a complete range of Shari’ah compliant products. 

SANASA Development Bank steps into 19th year

The SANASA Development Bank a pioneering financial institution founded on supporting the grassroots levels of Sri Lanka just celebrated its 19th anniversary. 

NSB first half PAT up 24% to Rs. 4.8 bn

State-owned National Savings Bank (NSB) Profit After Tax (PAT) for the first half of this year (1H16) stood at Rs. 4.78 billion up from Rs.3.86 billion during the same period last year. 

HNB Grameen relocates Nittambuwa branch

Pioneers in microfinance HNB Grameen recently relocated the company’s Nittambuwa branch to a 

LB Finance declares final dividends in excess of Rs.1 bn for FY 2015/16

LB Finance PLC declared a first and final dividend of Rs. 7.50 per share (par value of Rs 5.00) to the shareholders for the financial year 2015/16.