ComBank ranked among world’s Top 1000 banks for 12th consecutive year

The globally-respected UK magazine The Banker has once again included Commercial Bank of Ceylon in its prestigious Top 1000 World Banks ranking, making Commercial Bank the only Sri Lankan bank to be ranked among the elite global giants in banking for 12 consecutive years.

HNB Assurance to upgrade core system with AETINS-KGiSL

HNB Assurance PLC (HNBA) recently partnered with AETINS-KGiSL, a leader in innovation and information technology, in order to upgrade its core system.

HNB FINANCE relocates Ambalangoda branch

HNB FINANCE PLC relocated its Ambalangoda branch to a new office premises recently, located at No. 97, Galle Road, Ambalangoda (Roseth Junction).

NDB wins Silver for Best Investor Relations at CFA Capital Market Awards 2022

National Development Bank PLC (NDB) emerged as the Silver awardee for Best Investor Relations, at the recently concluded ninth CFA Sri Lanka Capital Market Awards 2022.

Fairfirst Insurance introduces Pedal Cycle Insurance cover

Keeping up with the evolving trends in the external environment, Fairfirst recently introduced Pedal Cycle Insurance as another industry first insurance policy.

Fitch withdraws Sanasa General Insurance’s ‘BBB-(lka)’ National IFS rating

Sampath Bank scores 9th consecutive win at World Finance Banking Awards

Sampath Bank PLC has been rated as Sri Lanka’s Best Retail Bank and Best Commercial Bank for the ninth consecutive year, at the renowned World Finance Banking Awards ceremony hosted by the UK-based World Finance magazine.

People’s Bank celebrates 61st anniversary

People’s Bank, a pioneer in the Sri Lankan banking and financial services sector, celebrated its 61st anniversary on July 1.

Sriyan Cooray takes over role of Chairman at NDB Bank

Veteran banker and current Independent Non-Executive Director Sriyan Cooray will take the helm as Chairman of National Development Bank PLC, with effect from July 1, 2022.

Seylan Bank, treating export industry as a national obligation

The current macroeconomic context of Sri Lanka has posed many challenges to the export sector, mainly with the forex issues and global supply chain challenges.

LOLC Finance introduces OYES making every day a pay day

LOLC Finance PLC with iPay, jointly launched ‘OYES’, a simplified platform for salary advancing.

NDB rewards remittance customers with ‘Salli Ratin Dinuma Apen’

NDB Bank recently presented Rs.100,000 to the monthly lucky winner of ‘Salli Ratin Dinuma Apen’. Accordingly, Jepin Nona from Kegalle became the lucky monthly winner.

Seylan Bank takes lead to promote LANKA QR beyond Western province

Seylan Bank organised the ‘Seylan Pay QR Carnival’ in Kurunegala to promote the LANKAQR programme introduced by the Central Bank of Sri Lanka (CBSL) to strengthen digital transactions in Sri Lanka.

HNB partners with Bileeta to offer tech support to SMEs

Sri Lanka’s premier private sector bank HNB PLC renewed its partnership with Bileeta Ltd, a dominant player in the local ERP space, to provide state-of-the-art ERP solutions to its SME customers at affordable rates.

People’s Bank celebrates world MSME Day with Biz Fair 2002

Coinciding with World Micro - Small and Medium Scale Business Day, the small and medium-scale business unit of People’s Bank, recently organised a trade fair called Biz Fair 2022, at the third floor of its head office, in Colombo 2.

Mastercard collaborates with Scybers to address fast-changing risk landscape

Mastercard recently announced a strategic partnership with ‘Scybers’, a global cybersecurity consulting and managed services company to bring Mastercard’s RiskRecon to Scybers’ customers. RiskRecon is a Mastercard cybersecurity product that enables organizations to assess and manage cybersecurity threats and risks across supply chains and third-party vendors.

BOC Wijerama branch relocated; CRM opened in J’pura Uni premises

With the aim of providing a greater convenience accompanied with digital banking while strengthening the bank’s presence, Bank of Ceylon (BOC) recently relocated its Wijerama branch in a new building and deployed a Cash Recycling Machine (CRM) within University of Sri Jayewardenepura premises.

DMS introduces world’s most advanced CRMs and ATMs to Sri Lanka

DMS (Data Management Systems Pvt Ltd), now in its 45th year of Systems Integration operations, unveiled Diebold Nixdorf’s advanced DN series of Cash Recycling Machines (CRMs) and ATMs at a well attended 2-day event held in Colombo.

HNB General Insurance introduces all-risk bicycle insurance policy

HNB General Insurance Limited (HNBGI) recently introduced a cover for bicycles under its all-risk insurance policy. This cover offers several benefits to owners, providing peace of mind to enjoy their ride.

Co-operative Insurance records strong 31% growth for 2022 first quarter

Leading Sri Lankan insurer Co-operative Insurance Company PLC (CICPLC) recently released its latest results for the first quarter of 2022, placing itself on a stronger position with an impressive growth of 31 percent compared to the same period of the previous year, amidst many macroeconomic difficulties.

SampathCards introduces real-time rewards points redemption at Keells supermarkets

SampathCards has partnered with Keells supermarkets for the first time in Sri Lanka to introduce a new method of redeeming rewards points for Sampath cardholders, while making the rewards points redemption process a little more convenient.

Pan Asia Bank ties up with Ria

In its latest customer-centric initiative, Pan Asia Bank is partnering with Ria Money Transfer, the US-based third-largest remittance platform in the world, to offer its customers a wider choice of low-cost money transfer channels.

ComBank remittance customers win Rs.5mn in four months

Commercial Bank of Ceylon recently presented Rs.5 million in cash prizes to the lucky winners of the bank’s ‘Win a Million’ remittance promotion launched in January this year.

People’s Bank moves Gandara branch to new premises

People’s Bank Gandara branch was ceremoniously declared opened by People’s Bank Chief Executive Officer/General Manager Ranjith Kodituwakku at its new location recently.

R. Rajnikanth appointed as LIC Lanka CEO/MD

Life Insurance Corporation of India, the parent company of LIC (Lanka) Ltd, announced the appointment of R. Rajnikanth as Chief Executive Officer, replacing S.C. Pattanayak, who has been repatriated to India on completion of his tenure.

NDB Wealth Management appoints Ruwan Perera as new Chief Executive Officer

NDB Wealth Management Limited has appointed Ruwan Perera as the new Chief Executive Officer, from June 2022.

Union Assurance-FriMi partner to enhance customer experience

In a ground-breaking move to offer protection to Sri Lankans, Union Assurance, being at the forefront of digitalisation, has partnered with Sri Lanka’s leading digital banking experience FriMi, powered by Nations Trust Bank (NTB).

Janashakthi Life wins at Emerging Asia Insurance Awards 2021

Janashakthi Life bagged the award for the Best Strategies for Insurance Spreading for the year 2021, at the recently held third ICC Emerging Asia Insurance Awards 2021, in Kolkata, India, organised by the Indian Chamber of Commerce.

Seylan Cards to ease insurance payments with easy payment plans

Seylan Bank announced yet another convenience to its credit card holders by way of easy payment plans for insurance payments.

Pan Asia Bank relocates Ja-Ela branch

Pan Asia Bank inaugurated its newly-relocated branch in Ja-Ela on June 20 2022, at No: 206, Colombo Road, Weligampitiya, Ja-Ela.