Lanka Accelerator launched in SL

Kaleidoscope (Pvt.) Ltd announced the launch of Lanka Accelerator brand in Sri Lanka recently.

Luminex posts excellent financial results for FY22

Luminex Limited, a leader in telecommunication engineering electrical engineering low tension and high-tension electrical engineering, delivered an exceptional financial performance for FY2021/22 by recording an impressive growth in profitability despite the prevailing market volatility and challenging external operating environment.

Sri Lanka Insurance introduces Medi Plus health insurance solution

The national insurer Sri Lanka Insurance introduces the Medi Plus health insurance plan, an affordable, convenient and one-click health insurance solution.

People’s Leasing & Finance celebrates 26 years as industry leader

Having strengthened its position as Sri Lanka’s leading non-banking financial institution, People’s Leasing & Finance PLC (PLC) celebrated its 26th anniversary on May 31.

People’s Bank installs ATM in Jaya Shri Maha Bodhi upper sanctum

Ushering in added convenience to the devotees, an automated teller machine (ATM) was recently installed by People’s Bank in the upper sanctum of the historic Jaya Shri Maha Bodhi in Anuradhapura.

Union Assurance-Nawaloka Hospitals partnership to keep baby’s future secure

In a unique move to encourage financial security for newborns, Union Assurance and Nawaloka Hospitals have opened the way for parents to plan for the most important aspects of their child’s life.

Sarvodaya Development Finance reports best ever profit for FY21/22

Sarvodaya Development Finance PLC (SDF) made history in 2021 by becoming Sri Lanka’s first impact investment company to list on the Colombo Stock Exchange(CSE) and reported its best profits to date, for the financial year 2021-22.

Q+ Payment app users to get up to 30% cash-back and Rs.10,000 daily prizes

Commercial Bank of Ceylon has unveiled a series of offers including cash-backs, cash prizes and free service bundles for its Q+ Payment app users, who scan and pay to select vendors of groceries, food items, utility services and clothing.

Allianz Lanka partners with NTB for bancassurance

Allianz Lanka has announced a landmark partnership with Nations Trust Bank (NTB) for bancassurance, as the bank’s preferred partner for general insurance.

Visa introduces P2P to Sri Lanka powering cashless personal payments

Visa Inc. recently announced the launch of Person to Person (P2P) payments in Sri Lanka, enabling consumers to both make and receive payments digitally, from one person to another in real-time.

DFCC Bank collaborates with Mastercard to facilitate electronic payments via Mastercard Payment Gateway

In its endeavour to support Sri Lankan businesses, DFCC Bank announced the implementation of Mastercard into its Payment Gateway to empower customers to sell goods and services online and receive payments electronically.

ComBank clinches two titles at FinanceAsia Country Awards

The Commercial Bank of Ceylon has once again been crowned the ‘Best Bank in Sri Lanka,’ as well as the ‘Best Sustainable Bank in Sri Lanka’ in 2022 at FinanceAsia’s flagship Country Awards which recognise institutions that have demonstrated resilience in their commitment to supporting their clients and government schemes.

ComBank launches women-only ‘Anagi’ credit cards

A credit card exclusively for women has been launched by the Commercial Bank of Ceylon, giving new expression to its commitment to the empowerment of this customer segment.

Allianz Lanka among LMD’s Most Valuable Consumer Brands

Premier insurer, Allianz Lanka, a member of the global Allianz SE Group, has been ranked amongst the top 3 General Insurers in Sri Lanka and amongst the top 10 Insurers overall, in theTop 100 Most Valuable Consumer Brands in Sri Lanka for 2022, which is compiled by Brand Finance and presented by LMD.

SDB bank kicks of FY22 with Rs.181mn profit for first quarter

SDB bank has posted a resilient first quarter of the year, delivering a strong start to the financial year 2022. Accordingly, the bank recorded a profit of Rs.181 million for the first quarter ending March 31, 2022.

HSBC’s Group MD and Co-CEO for Asia-Pacific visits Sri Lanka

Surendra Rosha, HSBC’s Group Managing Director and Co-Chief Executive Officer for Asia Pacific arrived in the country on an official visit recently.

IASL appoints office bearers for year 2022

The Insurance Association of Sri Lanka (IASL), the representative body of the insurance industry in the country has appointed its office bearers for the year 2022 recently.

BOC named No.1 Banking Brand for 14th consecutive year

The Bank of Ceylon (BOC) continues to lead the industry as the No.1 Banking Brand in the country for the 14th consecutive year in the country’s leading Brands Billboard “Brand Finance Lanka’s – Brand Annual” for the year 2022. Bank of Ceylon is the only Banking brand to surpass a brand value over Rs.50 billion.

People’s Leasing & Finance records highest ever profit of Rs. 4.6 bn for FY 21/22

Despite uncertainties and many challenges, People’s Leasing & Finance PLC has once again created history by concluding the Financial Year (FY) 2021/22 with a record-breaking profit-after-tax (PAT) of Rs.4.66 billion, the highest profit, the company has recorded ever since its inception in1996.

Amana Bank commissions five new ATMs

Amana Bank recently commissioned five new ATMs at its existing Self Banking Centres located at Rajagiriya, Wattala, Kalutara, Batticaloa and Trincomalee.

WEBXPAY partners with Visa to expand scope of digital payments for small and medium businesses in Sri Lanka

WEBXPAY, has entered into a partnership with Visa to expand the scope of the country’s digital economy by enabling seamless, effortless, and sustainable digital payment acceptance solutions for small and medium businesses (SMBs) across the island.

Orient Finance registers robust growth through FY 2021-22

Orient Finance PLC’s strong fundamentals and customer-centric business model continued to empower the company to overcome market challenges and register steady growth through the financial year 2021-22.

Union Assurance records solid first quarter performance

Union Assurance PLC has begun 2022 with yet another strong performance, achieving impressive financial growth.

NDB-IFC partnership fosters financial inclusion among women entrepreneurs

There has been significant growth for women in small and medium sized businesses in Sri Lanka, even amid countless market challenges, as a result of an initiative between the National Development Bank PLC (NDB) and IFC, a member of the World Bank Group.

HNB Finance records exceptional turnaround

Reflecting an exceptional turnaround in its financial performance from a loss last year, Sri Lanka’s leading integrated financial services provider HNB Finance PLC recorded a group net profit of Rs.515.6 million for the 2021-22 financial year.

Fairfirst Insurance among Most Loved General Insurance Brands in Sri Lanka

Fairfirst Insurance, known for its empathy-based innovations, has transformed the insurance industry since the brand’s inception and its capabilities in refreshing and uplifting the service quality within the local industry have translated into the company being ranked as One of the Most Loved Brands in the general insurance category, as recognised in the Brands Annual 2022 edition (compiled by Brand Finance/presented by LMD).

Sri Lanka Insurance shines at Brand Finance’s Most Valuable and Most Loved Brand Index

National insurer Sri Lanka Insurance yet again affirms its superiority in the insurance industry of Sri Lanka being the Most Loved Brand in the life insurance and general insurance categories and Most Valuable General Insurance Brand, at the Brand Finance’s Most Valuable and Most Loved brand index for the fifth consecutive year.

ComBank relaunches ‘Udara’ senior citizen account

Commercial Bank of Ceylon has announced that it has relaunched its ‘Udara’ senior citizens account with new features and special interest rates to widen the account holder base and offer more rewards to this customer segment.

Softlogic Finance records 146% increase in interest income for FY21/22

Softlogic Finance PLC, a subsidiary of Softlogic Capital PLC, has posted a net interest income of Rs.1.35 billion year-to-date (YTD) as at March 31, 2022, recording a 146 percent year-on-year (YoY) increase despite the challenging operating environment.

HNB inks partnership with PPOD Consultancies

Sri Lanka’s premier private sector bank HNB PLC recently signed a memorandum of understanding (MoU) with PPOD Consultancies, a premier people and process assessment consultancy firm in Sri Lanka, to provide its SME customers with capacity development and consultancy in running key business functions.