LOLC Finance receives ISO 14064:1 GHG verification certification

Marking a key milestone in its steadfast commitment towards achieving carbon neutrality in 2030, LOLC Finance PLC was awarded I

Daraz chooses Mastercard as Most Valuable Payment Partner

For the third consecutive year, Mastercard has been chosen as the Most Valuable Payment Partner by Daraz, Sri Lanka’s l

ComBank hosts 400 retirees at Pensioners’ Day event in A’pura

More than 400 retired government servants were hosted at a Pensioners’ Day event in Anuradhapura by Commercial Bank of Ceylon recently, enabling them to discuss their banking requirements with the officials of the bank.

Amãna Bank-Daraz enhance children’s savings rewards experience

Amãna Bank has partnered with Daraz, Sri Lanka’s leading e-commerce marketplace, to offer the bank’s children’s savings account holders an innovative gifting experience. This partnershi

Sarvodaya Development Finance expands reach to Ampara

Sarvodaya Development Finance PLC (SDF) recently opened its newest branch in Kethsirigama, Ampara. This milestone expansion marks a significant leap forward in SDF’s mission to empower rural communities and provide access to financial services, particularly for those who are often overlooked by traditional banking institutions.

NDB Bank joins Interbank USD Online Payment System

NDB is proud to announce its appointment as a member of the LankaPay USD Online Payment System. The Sri Lanka Interbank USD Online Payment System is yet another payment product introduced by LankaPay, with the aim of assisting the Central Bank of Sri Lanka (CB

ComBank launches Sri Lanka’s first Green Home Loans scheme

Commercial Bank of Ceylon has announced another initiative under its Green lending portfolio to support customers who share the bank’s commitment towards the environment. Green Home L

People’s Bank, only Sri Lankan bank to secure Gold at Int’l ARC Awards 2023

People’s Bank’s Annual Report 2022, titled Creating a Legacy of Caring for Generations to Come, won five awards at the recently held International ARC Awards 2023. With a history spanning over 30 years and an annual application pool of over 1,600 applications from over 90 countries, the A

Artificial intelligence vs. copyright

Among the great challenges posed to democracy today is the use of technology, data and automated systems in ways that threaten the rights of the public. Unchecked social media data collection has been used to threaten people’s opportunities, undermine their privacy or pervasively track their activity—often without their knowledge or consent. The

NDB facilitates SME integration with digital technologies in partnership with IFC

National Development Bank (NDB) partnered with the International Finance Corporation (IFC) to conduct a series of workshops and

Resilience and Success: HNB FINANCE’s journey towards sustainable growth amidst adversity

In an exclusive interview with HNB FINANCE’s Managing Director and Chief Executive Officer Chaminda Prabhath, we delve into the company’s remarkable ability to overcome challenges and drive growth in the Sri Lankan financial sector. Despite navigating difficult times, HNB FINANCE has demonstrated

DdO and economic recovery beyond IMF

According to the latest figures published by the Finance Ministry, the present administration continues to borrow more money, both domestic and foreign funds and thus increasing the overall debt stock. The total public debt is around US $ 92 billion as at March 31, 2023; it was only US $ 79 billion by end-September 2022, as announced by the Finance Ministry, which is an increase of US $ 13 billion (or a 16 percent increase).

Ceylinco Life wins Sri Lankan hearts to be most popular life insurer for 17th year

Sri Lankan consumers have chosen Ceylinco Life, which recently celebrated its 35th anniversary, as the most popular life insurance company in the country for an unprecedented 17th consecutive year, leading to the life insurance leader receiving the prestigious SLIM Kantar Peoples Award at the awards gala hosted by the Sri Lanka Institute of Marketing (SLIM) recently.

Singer Finance expands network with 50th branch in Jaffna

Singer Finance PLC, a subsidiary of Singer Sri Lanka and the Hayleys group, is set to mark a significant milestone as it celebrates the opening of its 49th and 50th branches in Nelliady and Jaffna, respectively.

BOC relocates Pinnawala branch with seamless digital banking experience

Opening doors to a seamless and reliable banking experience accompanied with digital banking for its customers, Bank of Ceylon’s (BOC) Pinnawala branch was recently relocated to convenient and spacious locations equipped with CRM facilities.

Sri Lanka Insurance partners with MegaPay

Sri Lanka Insurance Corporation (SLIC) entered into a strategic partnership with MegaPay (Pvt.) Ltd recently to provide greater convenience for SLIC customers to make real-time payments.

People’s Bank charters Toastmasters Club for employee development

People’s Bank, one of the leading banks in Sri Lanka, has launched a Toastmasters Club to provide its employees with an opportunity to develop their leadership and communication skills.

Amana Bank promotes Harindra Obeysekere as Treasury Head

Experienced treasury dealer Harindra Oberysekere has been promoted as Amana Bank’s Head of Treasury and Financial Institutions while being inducted to the bank’s Management Committee.

Consider bank consolidation to achieve financial sector stability

“Maintaining a sound and adequately capitalised banking system is important. Implementing a bank recapitalisation plan and strengthening financial supervision and crisis management framework are crucial to ensure financial sector stability.” Press release included in the IMF country report No. 23/116, released in March 2023.

Ceylinco General Insurance crowned as ‘People’s General Insurance Brand’ for 17th consecutive year

Ceylinco General Insurance expresses its heartfelt gratitude to the people of Sri Lanka for being crowned the ‘People’s General Insurance Brand of The Year’ at the 2023 SLIM Kantar People’s Awards, for a record 17th consecutive year.

Save while you spend with 1% CashBack on DFCC Bank credit cards

Understanding customers’ needs, DFCC Bank credit cards provide a generous 1 percent guaranteed CashBack feature for all cardholders 365 days a year.

Sri Lanka Insurance felicitates MDRT top performers at ‘MDRT Day 2023’

Sri Lanka Insurance held its ‘MDRT Day 2023’ to honour and recognise the MDRT winners of Sri Lanka Insurance for 2022.

LOLC Al-Falaah honoured for regional excellence in Islamic Finance

LOLC Al-Falaah was honoured with four awards at The Islamic Finance Forum for South Asia (IFFSA) for their achievements and exceptional performance in expanding the frontiers of Alternate Finance in the domestic and global financial arena.

HNB and Browns Agriculture empower farmers with convenient access to farming equipment

Following up on recent efforts to support the agricultural sector despite the challenges they face today, HNB PLC partnered with Browns Agriculture, the pioneer of agricultural machinery in Sri Lanka.

PayMaster wins big at LankaPay Technnovation Awards

Leading home-grown one-stop payment app PayMaster has won two awards at the recent LankaPay Technnovation 2023 Awards. The app won the Gold Award for Best Mobile Application for Retails Payments in the Fintech sector and a Merit Award for Most Popular Digital Payment App of the Year.

NDB boosts remittances with Western Union

National Development Bank PLC (NDB) recently re-launched one of its iconic campaigns - “Salli Ratin – Thagi Apen” to promote and encourage the channeling of foreign remittances through the Western Union money transfer platform.

ComBank launches two platforms to link local biz to global markets

The Commercial Bank of Ceylon has significantly expanded trade opportunities for its business clients through the launch of two new platforms, one in collaboration with the International Finance Corporation (IFC) and the other developed independently.

PB presents Annual Report to Treasury Secretary

People’s Bank Chairman Sujeewa Rajapakse presented the People’s Bank’s Annual Report for the year 2022 to Secretary to the Treasury of Ministry of Finance, Economic Stabilization & National Policies K. M. Mahinda Siriwardana at the Finance Ministry recently.

HNB bags two major accolades at Asiamoney Awards for excellence in trade finance

HNB PLC continued to showcase its trail-blazing market leadership in international trade services after being declared Sri Lanka’s ‘Best Service in Trade Finance (Asia Banks)’ and ‘Market Leader in Trade Finance (Asia Banks)’ for 2023 by the Asiamoney Magazine.

Dr. Kumaratunge appointed senior advisor to FASL

Dr.D. Kumaratunge, former Assistant Governor of Central Bank of Sri Lanka was recently appointed as senior advisor to the Fintech Association of Sri Lanka (FASL).