It’s all about market growth, not market share: Visa

Visa, a global leader in payments technology recently announced that it was setting up an office in Sri Lanka as it had identified the tremendous growth potential in the island. Mirror Business spoke to 

BOC’s Kilinochchi branch opens at new location

The Bank of Ceylon’s Kilinochchi branch moved to an iconic building of its  own recently. 

Standard Chartered reintroduces priority banking proposition

Standard Chartered reintroduces its priority banking proposition with some very attractive features 

Niyangoda appointed to ComBank board

Commercial Bank of Ceylon PLC this week announced the appointment of Lakshman Dushyantha Niyangoda to its board as a Non Executive Independent Director with effect from August 26, 2016.

Multi Finance relocates Matara branch

Multi Finance PLC which celebrated its 41st anniversary has marked another milestone in its journey 

NTB concludes annual Investor Forum on high note

Nations Trust Bank recently concluded their sixth annual Investor Forum, showcasing the banks financial performance and noteworthy achievements in the first half, 2016. 

SampathCards partners with Etihad Airways

SampathCards, the nation’s renowned credit card, has partnered with Etihad Airways, the national airline of the United Arab Emirates, to offer all Sampath MasterCard and Visa credit cardholders a special discount for their upcoming holidays. 

LDB’s Siyapath Pubuduwa, a boon to self-employment

Lankaputhra Development Bank (LDB) which was established to support and encourage small and medium enterprises with much needed financial assistance in the form of loans has earned a special place among the banking fraternity. 

People’s Bank offers ‘Foreign Remittance Gold Fortune 2016’ winners gold sovereigns

People’s Bank recently held its first award ceremony to felicitate the winners of the ‘People’s Bank Foreign Remittance Gold Fortune 2016’. 

Commercial Bank declared ‘Strongest Bank’ in Sri Lanka

The Commercial Bank of Ceylon PLC has been adjudged‘The Strongest Bank in Sri Lanka in 2016’ following a detailed and transparent scorecard compiled and analysed by The Asian Banker, a leading provider of strategic intelligence on the financial services industry.

NDB holds Investor Forum for 2016 first half

National Development Bank PLC held an ‘Investor Forum’ recently to present the financial performance of H1 2016 at Galadari Colombo.

“BOC Triple Wasi” foreign remittance draw selects first 50 winners

Selecting 50 winners, the very first draw of BOC Tripple Wasi was held in “George E. De Silva Garden” in Kandy recently. 

Merchant Bank selects ‘Fiserv’ core account processing

Fiserv, Inc,. a leading global provider of financial services technology solutions, announced that 

Setting the stage for a new paradigm in banking with HNB

Halfway into 2016 and one of the leading players in the Sri Lankan banking sector, Hatton National Bank PLC (HNB) continues to record impressive growth rates, well above industry averages, across 

Union Assurance relocates Trinco regional office

Union Assurance (UA) relocated its Trincomalee regional office recently to provide better services to 

Special offers for NTB Amex members with Home Improvement promo

Nations Trust Bank (NTB) American Express (Amex) recently launched a unique promotional campaign for its cardmembers with a wide range of merchant outlets from across a multitude of 

Sanasa June quarter net falls amid shrinking margins

Sanasa Development Bank PLC saw its June quarter (2Q16) net profit falling by as much as 63 percent year-on-year (YoY) to Rs.77.8 million or Rs.1.85 a share due to narrowing margins, higher 

Amana Takaful Life shares debut on CSE

Amana Takaful Life Limited (ATLL), a fully-owned subsidiary of Amana Takaful PLC, rang the opening bell to commence trading and celebrate the listing of its shares on the Diri Savi Board of the 

Janashakthi launches ‘Full Option Appathon’ next-gen smart tech challenge

Janashakthi Insurance PLC, a leading innovator in the insurance industry, launched its latest campaign to capture the innovative minds of today’s youth – the ‘Janashakthi Full Option Appathon’, 

Provision reversal ups BoC June net by 36% amid narrowing margins

State-owned banking giant, Bank of Ceylon (BoC) saw its June quarter net profits growing by 36 percent to Rs.4.9 billion from a year ago amid compressing margins, slower growth in loans and 

Vallibel Finance lights up Borella and Mt. Lavinia with new branches

Financial innovator Vallibel Finance added two brand new branches, including a motor division 1st of its kind, to its expanding network, creating a frenzy of interest in the popular townships of Borella and Mt. Lavinia.

NDB Securities wins gold at CFA awards

NDB Securities was recognized with top honours at the CFA Sri Lanka Capital Market Awards 2016, taking home the Gold award for Best Stockbroker Research Team. 

AIA is World’s #1 MDRT Company for second consecutive year

AIA Group Limited announced that it is the only company in the world to have achieved the largest number of Million Dollar Round Table (MDRT) members for two consecutive years. 

SLIC delivers strong performance for 2015

The country’s largest insurance provider, the state-owned Sri Lanka Insurance Corporation (SLIC), will be looking to consolidate on its core strengths over the coming two years, after delivering a strong performance for 2015, the SLIC Chairman said.

Cargills Bank strengthens retail portfolio with revamped savings product

Cargills Bank, the newest entrant in the banking domain, provides value propositions across all consumer segments that it serves. Delivering on its premise to offer utmost convenience to customers, the Bank offers a strong portfolio of products and services for personal and business banking that is supported by sound technology. 

HNB committed to delivering ‘Banking Beyond Transactions’

Hatton National Bank (HNB) has recently embarked on the third phase of its repositioning strategy under which its overarching commitment has been to deliver ‘Banking Beyond Transactions’. The bank has embraced a divergent approach of taking the bank to the street, a proactive customer-acquisition mindset. This resonates with a global shift where customers no longer wish to walk into banks, instead utilizing the conveniences offered th

BOC introduces ‘Power Plus’ children’s investment plan

Bank of Ceylon’s (BOC) newest ‘Power Plus’ children’s investment plan is the ideal solution that empowers growing children to bloom to their full potential in financially secured surroundings. With the stability built over 77 years, a state-owned bank is the safest place for your hard-earned money especially for a profitable long-term investment for your child.

ComBank rated Sri Lanka’s ‘Most Respected’ bank for 12th successive year

Commercial Bank of Ceylon has been rated the most respected bank in Sri Lanka for the 12th year running and the second ‘Most Respected’ corporate entity in the country overall for the sixth successive year in the 2016 LMD rankings of the Most Respected Entities in Sri Lanka. The bank has retained its No 1 ranking in Sri Lanka for ‘honesty’ for the fourth consecutive year and has been rated No 1 overall for financial perfor

Life insurance advisors to gather at 7th NAFLIA Conference

The Marketing and Sales Forum of the Insurance Association of Sri Lanka (IASL) has proudly announced the seventh National Forum for Life Insurance Advisors (NAFLIA), which is scheduled to be held on August 19, 2016 at the Main Hall of the BMICH,  at 9:00 a.m.

HDFC-CBSL empower self-employed sector with SEPI loan scheme

Housing Development Finance Corporation Bank of Sri Lanka (HDFC) signed a Memorandum of Understanding with the Central Bank of Sri Lanka (CBSL) recently with the objective of empowering the self-employed sector in the country.