BOC staff makes voluntary donation to “Heart to Heart” fund

The staff of the Bank of Ceylon donated Rs.2 million recently to the ‘Heart to Heart Fund’ managed by the Sri Jayawardhanapura Hospital Cardiology Unit

Seylan Bank joins Lanka Pay- CEFTS for instant fund transfers

In a fresh initiative towards enhancing customer experience, Seylan Bank recently joined the Common Electronic Fund Transfer Switch (CEFTS) launched by LankaPay, the national payment network operated by LankaClear (Pvt) Ltd. 

Ceylinco offers luxury office transport to VIP customers

Adding yet another amazing benefit to its wide variety of value additions, Ceylinco General Insurance unveiled the Ceylinco VIP Express concept, enabling Ceylinco VIP On The Spot policyholders, living in suburban Colombo to have the

ComBank’s launches 9-week ‘Dine and Smile’ promo

Credit and Debit Card holders of Commercial Bank have been invited to savour life’s delicious moments at 57 popular restaurants at attractive discounts over a nine week period ending 17th April 2016, under the Bank’s latest ‘Dine & Smile’ promotion.

CSE to introduce risk-based capital adequacy requirement for stockbroker firms

The Colombo Stock Exchange (CSE) is in the process of implementing a risk-based capital adequacy requirement to all stockbroker firms which are members/trading members of the CSE and licensed by the Securities and Exchange Commission of Sri Lanka (SEC). 

LIC Lanka ties up with ComBank for bancassurance

LIC, (Lanka), Ltd recently signed a Memorandum of Understanding (MoU) with Commercial Bank to offer bancassurance services to Commercial Bank customers. 

ACCA Sustainability Reporting Awards on February 24

For the 20th year in succession, the Association of Chartered Certified Accountants (ACCA) Sri Lanka will reward Sri Lanka’s most transparent, accountable and responsible entities at the ACCA Sustainability Reporting Awards on February 24, at The Kingsbury.  

Chandula joins NSB as Consultant Strategy and Marketing

Chandula Abeywickrema, an accomplished commercial banker with over 30 years of banking and finance expertise and experience, has joined National Savings Bank (NSB) as Consultant Strategy  and Marketing.  

Amãna Bank enables first drive-through ATM in Eastern Province

Amãna Bank, Sri Lanka’s premier non-interest-based licensed commercial bank, facilitated the realization of a significant milestone for the Eastern Province by establishing the first drive-through ATM in the province.

DFCC Bank’s Rs.7bn senior debt rated final ‘AA-(lka)’

Fitch Ratings has today assigned DFCC Bank PLC’s (DFCC; AA-(lka)/Stable) proposed senior unsecured debentures of up to Rs.7 billion a final national long-term rating of ‘AA-(lka)’.

Union Bank launches early Avurudu gift offer

Union Bank launched ‘Kalin Avurudu Ganudenu’, an early Avurudu promotion, offering exciting gifts for savings and one-year fixed deposits.   

Seylan kick starts 2016 with rewards for credit card clientele

Seylan credit cards kick started the new year by offering extraordinary rewards to its cardholders selected through a consumer promotion and their frequent usage of Seylan credit card. ‘The bank with a heart’ took the initiative in offering its cardholders a seamless shopping tour to Colombo’s leading outlets while providing 50 percent cash back on their total spend on the tour.   

Fitch rates Singer Finance’s proposed senior debt ‘BBB(lka)(EXP)’

Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL; BBB(lka)/Stable) proposed senior secured redeemable debentures of up to Rs.1.5 billion a ‘BBB(lka)(EXP)’ national long-term expected rating. 

ComBank’s ‘Anagi’, ‘Udara’ customers to receive discounts at Asiri Hospitals

Commercial Bank of Ceylon (ComBank) has enhanced the value of its savings products for women and senior citizens through a partnership with Asiri Group of Hospitals to offer customers in these categories an exclusive discount on selected diagnostic services.  

NTB Amex announces ‘29 destinations in 29 days’ promo winners

Seyed Dahilan, Thair Zeenam, Mohommed Kalleel, Dhanapala Senarathna, Abdul Rizmy and Sameera Gamage were announced as the first six winners of travel packages courtesy of Nations Trust Bank (NTB) American Express (Amex).  They won travel packages to Dubai, Singapore, Penang, Langkawi, Phuket and Kerala by participating in the promotion which rewards 29 winners, travel to 29 destinations during the month of February, with a companion. To be p

DFCC Bank rewards winners of Dubai concert raffle draw

Lanka Money Transfer (LMT) recently sponsored Rhythm Night, a concert organized for the Sri Lankan migrants working in Dubai.

HNB relocates Delgoda Customer Centre

Hatton National Bank recently relocated the Delgoda Customer Centre at New Kandy Road, Delgoda . The newly relocated customer centre is housed in a more spacious building with ample parking space. This customer centre 

NDB 4Q up 46% to Rs.1.25bn over higher loans; but full year profit down 14%

National Development Bank PLC (NDB) increased its group net profit by as much as 46.5 percent to Rs.1.25 billion for the quarter ended December 31, 2015 (4Q15) 

HNB finances Hela’s acquisition of Foundation Garments

HNB’s corporate banking business on the back of a very successful 2015, announced the US $ 18 million financing of Hela’s strategic acquisition of Foundation Garments.

ComBank opens landmark 250th branch in Sri Lanka

The Commercial Bank’s history of service to the people of Sri Lanka reached another milestone this week with the opening of the Bank’s 250th branch in the country.  

Nations Trust Bank launches Nations Home Centre

Nations Trust Bank (NTB) launched its ultra-modern ‘Nation’s Home Centre’ on February 9, 2016 in a move that is expected to make a significant impact on convenience to the home loans consumer. Given the recent surge in uptake of housing loans,

Asian Alliance extends support to next gen insurance leaders

Supporting academic excellence of youth with the potential to become future leaders of the country’s insurance industry and seeking further development of the company, Asian Alliance Insurance PLC has entered into a far-reaching, mutually-beneficial agreement with the Department of Finance (DFin) of the University of Kelaniya.  

JF Tours offers unique experience with re-designed railcar

Viceroy Luxury Steam Train fame JF Tours has re-designed the T1 railcar (Diesel Deluxe), manufactured by the English Electric Co.UK in order to offer one-of-a-kind rail ride with luxury comforts.

Alliance Finance relocates Negombo branch

Alliance Finance Negombo branch, previously located at No: 6/A, Station Road, Negombo, is now relocated at No: 210, St. Joseph Street, Negombo, to provide more convenience and superior service to its valued customers. 

NDB Wealth hosts Islamic finance seminar

Expert financial planner – NDB Wealth – hosted an Islamic finance seminar for present and future investors to commemorate the recent visit of Mufti Shafique Jakhura, the highly respected Muslim legal authority, which oversees the NDB Wealth Islamic Money Plus Fund. 

UB Finance commences operations in Gampaha

UB Finance, a subsidiary of the Union Bank of Colombo PLC, has remained determined in delivering business excellence and sustainable value to its stakeholders and provides its depositors with secure and maximized returns throughout its journey.

Upali Hettiarachchi appointed as HDFC GM/CEO

Upali Hettiarachchi has been appointed as the General Manager (GM)/Chief Executive Officer (CEO) of Housing Development Finance Corporation Bank

Seylan Bank’s personal loans in 48 hours

Seylan Bank, a frontrunner in providing convenient customer-focused products, has launched a fast-track programme for its personal loans due to the increased popularity and overwhelming response from  the recipients.

Pan Asia Bank offers free medical insurance cover for ‘Suwasavi’ deposit holders

Sri Lanka’s fastest growing commercial bank – Pan Asia Banking Corporation PLC –relaunched its unique value-added fixed deposit product, ‘Suwasavi’, which comes with a free medical cover and a host of other benefits.  

HSBC Sri Lanka becomes first foreign bank to join LankaPay’s CEFTS

HSBC has become the first foreign bank to join the Common Electronic Fund Transfer Switch (CEFTS) launched by LankaPay, the national payment network operated by LankaClear (Pvt) Ltd.