HNB celebrates rights of consumers with special concessions

In view of the World Consumer Rights Day today and National Consumer Rights Week from March 14 to 20, 2016, Hatton National Bank (HNB) will be offering a host of exclusive benefits and concessions for its customers. 

Sampath Bank adjudged Banking category Runner-up at ACCA Sustainability Reporting Awards 2015

Sampath Bank, a highflyer in its corporate, social and sustainability efforts, has recently been adjudged Runner-up in the Banking Industry category for the second consecutive year at the prestigious Sustainability Reporting Awards 2015, organised by the Association of Chartered Certified Accountants (ACCA) Sri Lanka recently at The Kingsbury, Colombo. 

Amãna Takaful introduces ‘Crystalline’ policy for women

Continuing on its quest to offer tailored products for specific customer groups, Amãna Takaful (ATL), the only fully-fledged Takaful operator in the country, introduced ‘Crystalline’, an innovative insurance policy specifically designed for women.  

Alliance Finance felicitates Sachin Dias

Glowing tributes were paid to ace shuttler and Brand Ambassador of Alliance Finance Sachin Dias by the management of the company.

‘Sampath MY Bank’ targets unbanked and underbanked segments of society: COO

 As one of Sri Lanka’s leading commercial banks, Sampath Bank has made an indelible mark within the country’s financial services industry and is now a trusted name among Sri Lankans. 

Fintelekt and LIMRA organize Insurance Summit in Colombo

The first Fintelekt-LIMRA Summit on Insurance Marketing and Distribution was held at the Taj Samudra, Colombo recently. 

Clearing Association of Bankers holds 7th AGM

The Clearing Association of Bankers (CAB) held its seventh Annual General Meeting recently at HNB Auditorium in Colombo 10. 

Bank of Ceylon deposit base exceeds Rs. 1 trillion

The Bank of Ceylon, the Sri Lankan banking giant has scored its second trillion by its deposit base reaching over Rs. 1 trillion. 

Sivagananathan transformed industry landscape: Eran

A wise man once said that the greatest legacy one can pass onto one’s children and grandchildren is neither money nor materialistic things accumulated in one’s life, but a legacy of character and faith. K.Sivagananathan, an innovative banker, is one such who lived up to those words.

Ceylinco Insurance posts Rs.3.8bn consolidated after tax profit

Marking another remarkable year, the Ceylinco Insurance sector recorded a mammoth after tax profit of Rs.3.1 billion, for the year ended December 31, 2015. Contributing to this remarkable performance, Ceylinco General Insurance and Ceylinco Life Insurance recorded profits after tax of Rs.1 billion and Rs.2.1 billion, respectively. Moreover, the consolidated results recorded an imposing expansion, with the profit before tax reaching an exceptional

Tourism Minister opens Softlogic Finance’s 28th branch in Wattala

Softlogic Finance PLC opened its 28th branch in Wattala recently under the patronage of Tourism Development, Christian Religious Affairs and Lands Minister John Amaratunga, thereby continuing the company’s efforts to enhance its presence across the island.

Asian Alliance Insurance posts Rs.6bn GWP for 2015

Asian Alliance Insurance delivered a combined gross written premium (GWP) of Rs.6.2 billion in 2015, which is an increase of 29 percent compared with the previous year, outpacing the industry by far. Life Insurance GWP was a spectacular Rs.4.1 billion, increasing by 35 percent, whilst general insurance turned in a strong performance with GWP that was Rs.2.0 billion, increasing by 15 percent. 

Seylan launches MPAY mobile POS system

Seylan Bank, the innovative financial solution provider, partners with CBA Solutions (Pvt.) Ltd to launch Seylan MPAY, powered by PAYable. 

Seylan Bank relocates Nelliyadi, Boralesgamuwa branches

Seylan Bank Nelliyadi Branch, was relocated at Jaffna Road, Nelliyadi recently. The branch was declared open under the patronage of Kapila Ariyaratne, Director/ CEO of Seylan Bank PLC. The branch was moved to a new location to provide better facilities to the bank’s clientele.

SLASSCOM CFO Forum on IFRS 15 to be held on Thursday

The Sri Lanka Association Software and Services Company (SLASSCOM), as part of its CFO Forum initiative, will be conducting a highly interactive practical session on International Financial Reporting Standards (IFRS) 15 which is vital today for Sri Lankan businesses. 

Asia’s regional life insurer maps out where Sri Lanka is heading

AIA Sri Lanka CEO Shah Rouf speaking at the Fintelekt-LIMRA Insurance Summit 2016 last week provided a thoughtful perspective on the region’s market journey and how AIA’s unparalleled experience across Asia provides an insight to what the Sri Lankan industry and most importantly policyholders can expect.

NDB releases 2015 Annual Report themed ‘Yours’

National Development Bank PLC (NDB) released its Annual Report for the financial year 2015 themed “Yours”, to the Colombo Stock Exchange (CSE) recently. 

Nations Trust Bank relocates Thalawathugoda branch

Nations Trust Bank PLC (NTB) has relocated its Thalawathugoda branch to a more spacious and convenient location with ample parking facilities to enhance customer convenience, thereby re-affirming its commitment towards strengthening and adding value to its network, which at present consists of 92 branches and 133 ATMs.

Atomic Energy Board to conduct workshop on “Gamma irradiation”

Gamma Irradiation technology is one of the trusted technology to enhance the food quality and food safety. 

BOC ‘Kantha Ran Ginum’ offers chance to save and celebrate life’s joy

Bank of Ceylon (BOC), in recognition of women’s role in society, has introduced a number of initiatives to encourage them to secure them financially while celebrating the best things they deserve. The bank’s ‘Kantha Ran Ginum’ (KRG) is the prime savings account designed especially to empower women in the country. 

Chelcey Telecom launches ‘Blackphone 2’ in Sri Lanka

The world’s most secure phone, the Blackphone 2 was launched in Sri Lanka by Chelcey Telecom recently

Amãna Takaful appreciates love with KruthaGuna

“KruthaGuna”, a pioneering hospitalisation policy meaning “gratitude” is especially designed for Individuals over 55 years by Amãna Takaful PLC (ATL) to fulfil a noble responsibility that has thus far not been provided for by the insurance industry. 

ComBank to keep 72 branches open on Mahasivarathri Day

The Commercial Bank of Ceylon has announced it will keep 72 branches open for business on 7th March, a Public and Bank holiday to mark the Mahasivarathri festival.

MasterCard joins hands with Pan Asia Bank for staff promotion scheme

MasterCard recently launched a special incentive scheme for Pan Asia Bank staff members to support bank’s credit card canvassing initiatives.

LOLC Finance’s Al-Falaah receives recognition at IFN poll

Al-Falaah, the Islamic business unit of LOLC Finance PLC, brought honour to Sri Lanka and the LOLC Group, when it received recognition in one of the top award categories at Redmoney’s Annual Global Awards - Islamic Finance News (IFN) Best Banks Poll 2015. 

Ceylinco Life ends 2015 as country’s No 1 life insurer for 12th successive year

Ceylinco Life has ended 2015 on a characteristically strong note with a total income of Rs.19.89 billion, of which the premium income accounted for Rs.13.4 billion, keeping the company at the helm of the life insurance industry for the 12th consecutive year.

CLC’s Commercial Factors – The first with CEFTS

Commercial Factors, the factoring arm of Commercial Leasing & Finance PLC (CLC), proudly informs that it now offers the flawless real-time Lanka Clear’s Common Electronic Fund Transfer System (CEFTS) facility to its clients. Commercial Factors is the first factoring/working capital solutions provider to have registered for CEFTS.  

NDB Bank’s corporate customers experience Dynasty Residence in Kandy

NDB Bank joined hands with GVR Lanka (Pvt.) Ltd to promote Dynasty Residence, the luxury apartment project in Kandy, among its premier customers in the Central Province.

NDB Wealth’s simple formula for financial independence

With another Sri Lankan Independence Day already passed, isn’t it time you did some thinking about how well you’re doing in achieving your own financial independence, asks Prabodha Samarasekera, CEO of expert financial planner NDB Wealth.

NTB December quarter net up 21%

John Keells Holdings PLC banking sector arm, Nations Trust Bank PLC (NTB), posted a post-tax profit of Rs.675.3 million for the quarter ended December 31, 2015 (4Q15) increasing 21 percent from the same quarter last year