MasterCard’s latest services deliver greater peace of mind across Asia Pacific

MasterCard announced the launch of two new services that raise the bar on consumer experience and everyday peace of mind for cardholders across Asia Pacific: MasterCard IQ series, pioneering solutions designed to reduce the rising number of card transactions being falsely declined and Automatic Billing Updater service (ABU), which securely communicates account changes from banks and merchants to ensure a seamless experience for cardholders’

Travel the world with Amex’s 12-month 0% interest plan

Just in time for the holiday season, Nations Trust Bank American Express cards once again declared its extended settlement plan programme. Cardmembers can convert any travel-related transaction into a 12-month interest-free payment plan with their choice of travel agent, tour operator or even online. This offers cardmember travellers an opportunity to splurge more on on-trip activities and to see the world on their terms, while creating memorable

Sampath Bank offers a host of valuable gifts for depositors this Avurudu season

Reiterating its success over the years as a visionary, Sampath Bank has continued to maintain its status as a customer-centric entity with its wide range of offers and promotions that reward customers with value-added benefits. In light of the upcoming Sinhala and Tamil New Year, Sampath Bank once again embarks on gifting its Double S, Hit Saver, Sanhinda Saver, Ladies 1st general savings accountholders and Pubudu & Sapiri minor accountholder

Ceylinco Life stronger at end of challenging 2015

Life insurance market leader Ceylinco Life ended 2015, a year it describes as one of the ‘unusual challenges’, with a characteristically strong performance that kept it at the top for the 12th successive year. In this interview, Managing Director and CEO R. Renganathan elaborates on the company’s performance.  

Seylan Bank celebrates 28 years of banking; poised for future growth

Leading Sri Lankan bank, Seylan Bank PLC, celebrated 28 years of banking last week, consolidating its position as a leading and trusted financial services provider in Sri Lanka. 

HDFC Bank achieves strong performance in 2015

Housing Development Finance Corporation Bank of Sri Lanka (HDFC Bank) has achieved a pre-tax profit of 

Rising microfinance a potential risk for Lankan NBFIs: Fitch

Sri Lankan non-bank financial institutions’ (NBFIs) rising exposure to microfinance could pose a risk to their credit profiles

People’s Leasing Deniyaya branch now at more convenient location

People’s Leasing & Finance PLC (PLC) re-positioned its Deniyaya branch in to a more spacious location at 

BOC installs 50th cash deposit machine in Welimada

The Bank of Ceylon (BOC) now has a cash deposit machine (CDM) network that is spread over many provinces of the country enabling BOC cardholders to transact with ease from anywhere within the country. 

Union Bank relocates Galle branch

Union Bank relocated its Galle branch to a more spacious location in Main Street, in a bid to provide an enhanced banking experience to people in the area. 

New report from ACCA identifies massive talent challenges in global finance functions

A new report from ACCA (the Association of Chartered Certified Accountants) suggests that current talent management practices are falling short.

People’s Leasing & Finance initiates ‘THURU’ reforestation programme

In an outset where deforestation in Sri Lanka is a grave environmental concern, restoration and re-planting of forests offer a major opportunity to off-set emissions and reduce the global issue of climate change by increasing the green cover. 

Softlogic Finance opens 30th branch on March 30th

Softlogic Finance PLC has opened its 30th fully-fledged branch in Kochchikade, thereby reaching a milestone in its mission to provide easier access and enhanced convenience to  its customers.

SampathCards partners with MyDeal.lk and MyStore.lk to spearhead exciting experience

Reiterating their commitment towards offering utmost value added benefits and solutions to customers, SampathCards is partnering with MyDeal.lk and MyStore.lk, two of Sri Lanka’s largest online shopping portals to offer Sampath MasterCard and Visa Cardholders yet another exciting shopping experience simply from the comfort of home.With time and money being two of the most valuable elements of managing ...

HNB gives new look and feel to Student Savings Units

Hatton National Bank in its tireless efforts to cultivate the savings habit among children of all walks of life have been instrumental in many unique products and programs targeting this- our next generation. One such initiative is the school banking unit concept, which dates back to 1994.

Seylan marks 28th anniversary by expanding presence

Seylan Bank celebrated 28 years anniversary by opening four new branches on the same day in Wennappuwa, Pannala, Dankotuwa and Athurugiriya and also commissioned two off-site ATMs in Negombo and Hikkaduwa enhancing the coverage of the bank’s ATM network.  Further, branches in Galle, Matara, Wellawatte, Panadura and Wennappuwa were converted to 365-day banking network for added customer convenience. Seylan is constantly looking to innov

Union Bank initiates regional SME capacity building programme

Having identified the importance of small and medium enterprises (SMEs) to the national economy, Union Bank has dedicated over 20 years of customised financial expertise to  this sector. 

David Pieris Motor Company and Assetline Leasing now in Mannar

David Pieris Motor Company Limited (DPMC) and its sister company Assetline Leasing Company Limited opened their latest office in Mannar.

NTB Amex cardmembers to get great offers on Google-powered ‘Avurudu MegaPola’

With the rapid growth of online shopping both globally and in Sri Lanka, Nations Trust Bank (NTB) American Express (Amex) announced its partnership with Google’s ‘Avurudu MegaPola’, as the preferred card.

CSE seeks foreign listings on new dollar-denominated board

The Colombo Stock Exchange (CSE) and the Maldives Stock Exchange (MSE), in association with the Capital Market Development Authority of Maldives (CMDA), acting under the Memorandum of Understanding (MoU) signed between the two exchanges, conducted a roadshow for potential Maldivian issuers and investors.

Kenanga Investment Corporation signs MoU with Maldives Securities Depository Company

A Memorandum of Understanding (MoU) was signed recently between Kenanga Investment Corporation Limited (KICL) and Maldives Securities Depository Company (Pvt.) Ltd (MSD). The MoU was signed by MD/CEO Rohan Senanayake and Director Surath Peiris on behalf of KICL, while MD/CEO Hassan Manik signed on behalf of MSD.

Your entire family can enjoy perks with Pan Asia Salary Saver: DGM Retail Banking & SME

With the New Year bringing in new opportunities, expectations and determinations; Pan Asia Bank recently relaunched ”Pan Asia Salary Saver”, with a host of novel value additions designed to help account holders to maximize the returns on their monthly salary. 

Ceylinco Life declares Rs 2.9 bn as bonuses to policyholders

Policyholders of Ceylinco Life will celebrate more than the Sinhala and Tamil New Year this April, as they are due to receive a mammoth Rs 2.9 billion as bonuses from the life insurance leader. Benefitting more than 300,000 policyholders, this bonus pay-out comprises of annual bonuses and ‘Avurudu Cash’ bonuses, the company announced this week.

NSB reports highest ever PBT of Rs. 13 bn with 24% growth

The National Savings Bank also recorded a 26.2 percent rise in Profit after Tax to reach Rs. 8.7 billion for the year ended 31st December, 2015. 

Nuwan wins T 20 travel package through Seylan Facebook promo

Hosting innovative competitions and taking the genre of social and digital media to new heights Seylan Bank Facebook page recently launched a contest on their official facebook page to reward a winner a fully paid package to watch the T 20 cricket world cup  group matches. 

Sampath Bank to promote responsible holidays

Proving once again that they stand firmly beside their proposition of being the Responsible Choice, Sampath Bank announced their latest innovation in the Banking sector.  

AIA Executive Chairman meets PM

Representing the largest independent publicly listed Pan-Asian life insurance group with a presence in 18 markets across

EY launches training series on IFRS

Ernst & Young (EY) launched its series of training programmes on the newly introduced International Financial Reporting Standards (IFRS), 

Banks’ asset quality to wane in 2016, but not a major concern: report

The rise in interest rates and the resulting slowdown in the economy could increase the banking sector bad loans marginally but will not be a major concern for the sector stability, according to a banking sector report by a Colombo-based 

Fairfax reports record-breaking results for 2015

Fairfax recently announced its best underwriting results in its 30-year history with US $ 705 million in underwriting