BOC launches next generation savings account in 300th branch

Bank of Ceylon (BOC) had earlier this year introduced its revolutionary new savings account whose objective...

Union Bank Ja Ela reopens with a new look

Union Bank of Colombo PLC recently extended its new design and look to its Ja Ela branch located at 151B,...

AIA delivers strong results for first 6 months

The board of directors of AIA Group Limited announced that AIA delivered another strong set of results for the six months ended May 31, 2015. 

Fitch affirms Continental Insurance Lanka at ‘A-(lka)’/Stable

Fitch Ratings Lanka has affirmed Sri Lanka-based Continental Insurance Lanka Limited’s...

WorldRemit launches Mobile Money Transfers in Sri Lanka

 WorldRemit, the ‘WhatsApp of money’, recently launched instant Mobile Money transfers in Sri Lanka. 

AIA Group net profit up 34% to US$ 2 bn in first half

Life insurance inflows continue to grow at healthy rates with pan-Asian life insurer AIA Group reporting strong interim...

MasterCard highlights latest e-payment innovations at Colombo workshop

MasterCard engaged with over 100 senior electronic payments professionals at its inaugural Payments Strategy Workshop in Colombo recently. 

BOC among Top 5 in ‘The Banker’ rankings

Bank of Ceylon has created history by being ranked among the Top 5 banks in the Asia-Pacific Region 

ComBank named Euromoney’s Best Bank in Sri Lanka in 2015

Euromoney, widely considered one of the world’s leading financial magazines,

MBSL relocates in Tissamaharama

Marking another milestone, Merchant Bank of Sri Lanka and Finance PLC (MBSL),

Pension anomaly

PB pensioners request President to appoint Independent Committee of inquiry.

Ceylinco Life promotes life insurance with new ‘Supreme’ policy

An attractive new policy that will pay up to 50 percent of the basic sum assured in lump sums every four years without any diminution ...

Prime Grameen rebrands as HNB Grameen

Prime Grameen Micro Finance Limited, which was acquired   by Hatton National Bank PLC...

HBL connects customers with LankaPay

?In a bid to position itself as the customers’ preferred choice among the foreign banks in Sri Lanka, HBL – a South Asian origin global multi-national financial institution has recently connected with LankaPay – Sri Lanka’s largest common ATM network, operated by LankaClear (Pvt.) Ltd.  

‘Ceylinco VIP On The Spot’ policyholders to get Rs.4mn health cover

Sri Lanka’s largest private insurance company Ceylinco General Insurance Ltd announced that all of its ‘Ceylinco VIP On The Spot’ comprehensive policyholders will receive a Rs.4 million emergency hospitalisation cover for no additional premium charge.

Janashakthi Insurance appoints Husein Esufally as Deputy Chairman

Renowned Sri Lankan business leader Husein Esufally joined the board of Janashakthi Insurance ..

HNB General Insurance partners with Mobitel

HNB General Insurance (HNBGI) signed a Memorandum of Understanding (MoU) with Mobitel..

HNB and SML Frontier launch mega leasing promotion for Land Rover

Hatton National Bank (HNB), the premier bank for leasing, has joined hands with SML Frontier Automotive,

NDBIB crowned ‘Best Investment Bank in Sri Lanka’ by Euromoney again

NDB Investment Bank (NDBIB) won the coveted ‘Best Investment Bank in Sri Lanka’ award...

IBSL to host 10th Asian Forum of Insurance Regulators

The Insurance Board of Sri Lanka (IBSL) will be hosting the 10th annual conference of Asian Forum of Insurance 

Fitch upgrades and withdraws MCSL Financial Services’ rating

Fitch Ratings Lanka has upgraded MCSL Financial Services Limited’s (MFSL) national 

ComBank rated strongest bank by Fitch

?The National Long-Term Rating of Commercial Bank of Ceylon PLC has been affirmed at ‘AA(lka); Stable Outlook’ by Fitch Ratings Lanka (FRL).

Sampath Bank’s off-site ATM network expands further

?The newest ATM of Sampath Bank was ceremonially opened at Arangala Junction by Pradeep Perera, Head of Internal Audit.

Mercantile Investments deposit base surpasses Rs. 13 bn in 2014/15

?Having made significant progress, especially in the past financial year 2014/15 , Mercantile Investments & Finance Plc, has made a name for itself as a leading financial services institution. 

Siyapatha Finance expands branch network to mark 10th anniversary

?Siyapatha Finance, the largest fully owned subsidiary of Sampath Bank PLC recently expanded their branch network across the country by opening its 18th and 19th branches at Avissawella and Kegalle, as a part of its tenth anniversary celebrations. 

DDFC to be re-launched as Sarvodaya Development Finance

Deshodaya Development Finance Company Ltd (DDFC), a subsidiary of the Sarvodaya Economic Enterprise Development Service (SEEDS) is due to be re-launched as Sarvodaya Development Finance Limited. 

K. Dharmasiri joins Commercial Bank board

?Veteran banker K.Dharmasiri has been appointed to the board of Sri Lanka’s largest private bank, Commercial Bank of (Ceylon) PLC with effect from July 21m, 2015.

Fitch maintains MCSL Financial Services’ long-term rating on ‘Watch Positive’

?Fitch Ratings Lanka has maintained MCSL Financial Services Limited’s (MFSL) National Long-Term Rating of ‘BBB(lka)’ on Rating Watch Positive (RWP) as Fitch expects the merger of MFSL...

Ceylon Chamber to conduct seminar on “Transfer Pricing Regulation’

?The Ceylon Chamber of Commerce will conduct a seminar in a bid to create awareness on the ‘Transfer pricing regulation and compliance requirements’ that was introduced in 2013.

‘Sampath Saviya’ programme continues to empower MSMEs

?Micro, small and medium-scale entrepreneurs (MSME) are the growing force of Sri Lankan economy. In the colossal endeavour of developing our economy, it is therefore fundamental to support the growth of these MSMEs.