HDFC Bank wins award for business excellence

HDFC Bank, a leader in housing development finance, has won the Merit award (banking sector) at National Business Excellence Awards 2021.

People’s Bank Affinity credit card marks Mahamaya Girls’ College’s 90th anniversary

People’s Bank launched an Affinity credit card for the past pupils of Mahamaya Girls’ College in celebration of the 90th anniversary of the college.

Sri Lanka Insurance awarded at National Business Excellence Awards 2021

Sri Lanka’s insurance giant Sri Lanka Insurance was awarded as Runner-Up under the insurance category at the 17th edition of the National Business Excellence Awards (NBEA) organised by the National Chamber of Commerce.

HNB Assurance opens brand-new Baddegama branch

HNB Assurance PLC (HNBA) recently opened doors of its new branch in Baddegama.

BOC Business Revival unit expands operations to all provinces

Encouraged with the growing demand, Bank of Ceylon’s (BOC) Business Revival and Rehabilitation (BRR) department expanded its operations to all provinces in the country, furthering its assistance to local business organisations to come back to life from pandemic hit.

Hemantha Gunetilleke to head Nations Trust Bank

Nations Trust Bank PLC (NTB) announced the appointment of Hemantha Gunetilleke to the position of Director/Chief Executive Officer, with effect from April 4, 2022.

iPay powered by LOLC joins latest LANKAQR drive in Kurunegala

LOLC Finance PLC continues to sustain its committed support to expand the adoption of digital payments in the country through iPay.

AIA Insurance recognised as Best Life Insurance Company in Sri Lanka for 3rd time

AIA Insurance has yet again been globally recognised as the Best Life Insurance Company, for the 3rd time.

BPC becomes Gold Sponsor of LankaPay Technnovation Awards 2022

BPC partnered with LankaClear in its 4th edition of LankaPay Technnovation Awards as their official Gold Sponsor. Inspired by the vision to create digital ecosystems that bring together banks, processors, and Fintechs to deliver relevant services to customers that fulfill their everyday financial lives, BPC believes this partnership will further boost its imprint on Sri Lanka’s banking sector.

Union Assurance celebrates partnership with Commercial Bank

Strengthening a decade-long Bancassurance partnership, Union Assurance recently hosted an annual awards ceremony for the Commercial Bank Bancassurance business.

DFCC Bank releases Annual Report; continues to revolutionize stakeholder reporting & engagement

DFCC Bank recently released its Annual Report for 2021, in line with its now standard stakeholder-centric, multi-format, multi-medium approach implemented 5 years ago.

HNB partners with OnePay expanding e-commerce solution for SMEs

HNB PLC partnered with internet payment gateway provider OnePay, further expanding the selection of online shopping options available to customers and its extensive portfolio of SMEs across the island.

People’s Bank ‘Vaasi Kotiyai’ rewards foreign remittance draw winners

People’s Bank picked the third batch of winners of the People’s Remittance ‘Vaasi Kotiyai, Ewannai Dinannai Draw 2022’ where the daily and weekly winners for the first two weeks of March were selected.

CBSL approves HNB Finance PLC and Prime Finance amalgamation

The Monetary Board of the Central Bank of Sri Lanka has approved the amalgamation of HNB Finance PLC and Prime Finance PLC with the amalgamated company being HNB Finance PLC, on December 8, 2021, under the Finance Companies (Structural Changes) Direction No. 1 of 2013, while considering the submission of the detailed amalgamation proposal submitted by both companies.

NSB posts exceptional results amid woes

Generating a record-breaking profit for the year, NSB has recorded sensational performance beating all the odds during a pandemic which has had a wide-ranging impact on the bank, employees, customers, and economy.

NDB appoints Dimuth and Asalanka as Brand Ambassadors

National Development Bank PLC announced its partnership with Sri Lanka Test Cricket Captain Dimuth Karunaratne and T20 vice-Captain Charith Asalanka as Brand ambassadors for the year 2022. The contract signing with these two sports personalities took place recently in the presence of NDB Bank CEO Dimantha Seneviratne and Senior Vice President SanjayaPerera.

HNB Assurance awarded ‘Best Bancassurance Provider in Sri Lanka’ for second year

HNB Assurance PLC (HNBA) was named the ‘Best Bancassurance Provider in Sri Lanka 2022’ for the 2nd consecutive year at the Global Banking and Finance Awards 2022 by the Global Banking and Finance Review recently.

PB Pettah branch moves to new location

People’s Bank recently relocated its Pettah branch to an enhanced new premise at Main Street, Colombo 11.

LOLC Finance bags five Golds at Technnovation Awards

LOLC Finance PLC was bestowed with Gold titles at 2022 Technnovation Awards in the categories of: NBFI of the Year for Financial Inclusivity, NBFI of the Year for Excellence in Customer Convenience,

People’s Bank records unprecedented bottom line and balance sheet growth

For the financial year 2021, People’s Bank reported a consolidated total operating income of Rs.110.7 billion and total operating expenses amounting to Rs.50.5 billion, which represents an increase of 21.9 percent and 14.9 percent, respectively over 2020.

NDB felicitated with 9 Awards at National Business Excellence Awards 2021

National Development Bank PLC (NDB) was felicitated with the Overall Winner – Silver award as well as the Gold award in the banking sector, at National Business Excellence Awards 2021, hosted by the National Chamber of Commerce Sri Lanka (NCCSL), at the BMICH Colombo.

Allianz Lanka partners with oDoc to create value for customers

In order to create value for customers and provide convenient, affordable and hassle-free service, Allianz Lanka has announced a landmark, one-year partnership with oDoc, Sri Lanka’s largest digital health company.

ComBank enables Ceylinco Life policyholders to pay premiums via Q+ Payment App and CRMs

Sri Lanka’s largest private bank, Commercial Bank of Ceylon and the country’s leading life insurer Ceylinco Life have collaborated to enable the policyholders of Ceylinco Life to make premium payments through the bank’s Q+ Payment App and its islandwide network of cash recycler machines (CRMs).

Pan Asia Bank shines at 2021 National Business Excellence Awards

The Truly Sri Lankan Bank, Pan Asia Bank, was bestowed with two major awards at the recently-held National Business Excellence Awards – the Runner-Up award in the banking sector and Merit award for Corporate Governance.

Janashakthi Life outperforms industry

Reflecting the company’s prudent approach to business and sustainable strategies in the face of challenges, Janashakthi Insurance PLC recorded a 45 percent growth of gross written premium (GWP) for the financial year ended on December 31, 2021, reaching a total income of Rs.7.2 billion for the period under review.

DFCC Bank celebrates 25 years of pioneering renewables in Sri Lanka

The Bank for Everyone, DFCC Bank, one of Sri Lanka’s leading banks, celebrates 25 years of pioneering renewable energy in Sri Lanka.

People’s Wave Mobile Banking shines at Asian Digital Finance Awards

People’s Wave Mobile Banking App by People’s Bank was recognized as the ‘Best Mobile Electronic Payment Initiative’ at the Asian Digital Finance Forum and Awards event held in Colombo recently.

ComBank card holders to get Avurudu discounts up to 50%

The Commercial Bank of Ceylon is welcoming Avurudu with discounts of up to 50 percent and Easy Payment Plans for credit card holders at more than 3500 merchant outlets across the country.

ICRA reaffirms UB Finance’s [SL]BB Issuer Rating, revises Outlook to ‘Positive’

UB Finance Co Ltd, one of Sri Lanka’s premier licensed finance companies (LFCs) and a subsidiary of Union Bank PLC, has announced that ICRA Lanka has reaffirmed its Issuer Rating of [SL]BB, while revising its outlook upwards from ‘Stable’ to ‘Positive’.

SLIC holds Knowledge Sharing Forum for insurance brokers

Sri Lanka Insurance held a knowledge-sharing forum for insurance brokers operating in Sri Lanka to raise awareness on products and services Sri Lanka Insurance offers.