NTB empowers local biz with ‘Nations Business Banking’

Nations Trust Bank has relaunched ‘Nations Business Banking’ with the aim of uplifting and empowering the country’s commercial business sector.

Insurance industry achieves over 6% overall GWP growth in 3Q21

The insurance industry was able to achieve a growth of 6.19 percent in terms of overall Gross Written Premium (GWP), during the 3rd quarter of 2021, recording an increase of Rs. 9,366 million when compared to the same period in the year 2020.

Pan Asia Bank introduces another industry first leasing solution

Pan Asia Bank has stepped forward to support its customers through the pandemic period by rescheduling loans to suit their cash flow and by offering an array of other financial solutions to ease financial hardship.

NDBIB achieves all-time high of Rs.75bn in capital raisings in year 2021

NDB Investment Bank (NDBIB) celebrated a record breaking year of capital raisings in 2021 and stamped its position once again as the market leader for investment banking in Sri Lanka.

Union Assurance launches ‘Lifestyle Bonus 2022’

Union Assurance PLC, a John Keells Company, brings back a bigger and better campaign with this year’s ‘Lifestyle Bonus,’ offering anyone who purchases a policy before the 31st of March 2022, a chance to win state-of-the-art smart devices to complement a smarter lifestyle.

Assetline Leasing introduces ‘Liya Diriya’ to empower women

Assetline Leasing Company Limited (Assetline), introduced ‘Liya Diriya’, a product designed for today’s woman. Initially it will focus on mobility solutions for women which is critical given the current environment impacted by COVID and economic factors.

ComBank named ‘Most Sustainable Bank in Bangladesh’

Commercial Bank Bangladesh, Commercial Bank of Ceylon’s largest overseas operation, has been adjudged the ‘Most Sustainable Bank in Bangladesh’ at the close of 2021, during which the Bank was named ‘Best Foreign Bank in Bangladesh’ by two independent bodies and retained its ‘AAA’ credit rating.

Acuity Partners announces new Chairman and two new Independent Directors

Thimal Perera, who presently serves as Director/CEO of DFCC Bank PLC, has been appointed Chairman of the Board of Directors of Acuity Partners (Private) Limited; a full-service investment bank that is an equally owned joint venture between DFCC Bank and Hatton National Bank.

ComBank leads national drive to promote LANKAQR in Gampaha

The latest LANKAQR event of the nationwide rollout campaign of the Central Bank of Sri Lanka organised by Commercial Bank took place at the Gampaha Municipal Council grounds, on January 22, with a large participation of dignitaries, members of partner banks, merchants and other invitees.

SLIC repositions Business Club insurance with more focus on SMEs

Sri Lanka Insurance Corporation (SLIC) repositions Business Club insurance, a trade insurance that provides a comprehensive business insurance solution to fit for the diverse insurance needs of small and medium enterprises (SME).

Allianz Lanka relocates Kottawa branch

Allianz Insurance Lanka Ltd (Allianz Lanka), the number one insurance brand in the world, has relocated its Kottawa branch to a new, more spacious and modern facility, located at 132A, High Level Road, Kottawa.

HNB General Insurance wins National Bronze Award at CNCI Achiever Awards 2021

HNB General Insurance Limited (HNBGI) was awarded the National Bronze Award for Industrial Excellence at the Ceylon National Chamber of Industries Awards 2021, organised by the Ceylon National Chamber of Industries, recently.

DFCC Bank establishes new ATM at MAS Intimates Unichela at Koggala Industrial Zone

DFCC Bank, one of the premier commercial banks in Sri Lanka, expands its islandwide network by opening a new offsite MySpace ATM at the MAS Intimates Unichela premises, within the Koggala Free Trade Zone – another part of its commitment to expanding its reach and supporting the financial needs for a wider range of customers.

SANASA Life Insurance appoints Kennedy Michael as Head of HRD

Kennedy J. Michael has been appointed as Head of Human Resource Development at Sanasa Life Insurance Company PLC, one of the leading life insurance companies in the country.

Sampath Bank in strategic partnership with National Chamber of Exporters

Sampath Bank PLC recently entered into a memorandum of understanding (MoU) with Sri Lanka’s National Chamber of Exporters (NCE), forming a strategic partnership with the NCE to boost Sri Lankan exports in global markets.

ComBank becomes highest-ranked bank in latest LMD 100 rankings again

The Commercial Bank of Ceylon has once again become the highest-ranked bank in the ‘LMD 100’ and is among the Top 10 corporate giants on this list for the 28th consecutive year, having been ranked among the Top 10 every year since the ranking was first published in respect of 1993-94.

Amana Bank wins Gold for South Asia’s Entity of the Year at IFFSA Awards

Amana Bank PLC Sri Lanka was recognised with Gold Award for Entity of the Year at the IFFSA Awards, which recognises the non-interest based Islamic Banking & Finance industry amongst South Asian countries, including India, Pakistan, Sri Lanka, Bangladesh and Maldives.

Citi to sell Southeast Asia retail business to Singapore’s UOB for US $3.7bn

Citigroup (C.N) has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for about S$5 billion (US $3.7 billion), bringing the U.S. bank closer to its goal of exiting retail operations in 13 markets.

Bank of Ceylon introduces ‘BOC Fuel Card’ adding more value to everyday life

Bank of Ceylon (BOC) recently launched the ‘BOC Fuel card’ partnering with ‘MasterCard international’ to Sri Lankan business community and the general public.

LCB Finance extends operations to Tangalle

Lanka Credit and Business Finance Ltd opened its 10th branch in Tangalle in keeping with its ambition to be committed to the development of the rural economy.

HSBC appoints new Head of Wealth & Personal Banking in Sri Lanka

HSBC Sri Lanka has appointed James Rebert as the Head of Wealth & Personal Banking with immediate effect.

Assetline launches ‘Asset Draft’ as working capital solution

Assetline Leasing Company Limited (Assetline) recently launched its newest product, Asset Draft, to cater to the working capital needs of the business community.

Sri Lanka Insurance presents ‘Medi 60’ senior citizen medical insurance

In celebration of 60 years, Sri Lanka Insurance introduces the ‘Medi 60’ exclusive medical insurance for senior citizens to cover an array of health insurance needs.

NDB Wealth paves the way for success in 2022

NDB Wealth heralds the new year 2022, with much anticipation hoping that success will be at the forefront for all their loyal customers.

Ashoka Goonesekere appointed to HNB Assurance Board

HNB Assurance PLC (HNBA) announced the appointment of Ashoka Goonesekere as a Non-Executive Independent Director recently.

‘ComBank Digital’ now available on Huawei AppGallery

Users of mobile phones from the popular Huawei brand can now directly download ‘ComBank Digital’ – Commercial Bank’s single omni-channel digital banking application free of charge from the Huawei AppGallery, the bank has announced.

Pan Asia Bank inaugurates relocated Monaragala branch

Pan Asia Bank opened its Monaragala branch on January 10th at its new location at Wellawaya Road, Monaragala.

NDB Bank’s contribution for renewable energy gets highlighted

NDB Bank’s Project Finance Unit was recognised as the Renewable Energy (RE) Financier of the Year at the PV Invest Tech Sri Lanka 2021 and Sri Lanka Annual Solar Awards 2021 recently held at Taj Samudra Hotel, Colombo.

People’s Bank self banking units facilitate over Rs.1.2tn worth transactions last year

People’s Bank recently announced that it had facilitated 82.6 million transactions worth over Rs. 1.2 trillion during the year 2021, through its island-wide network of ATMs, CDMs and self-banking kiosks.

DFCC Bank recognises key cinnamon import clients and their contribution

DFCC Bank implemented a programme to recognise key cinnamon exporters and the significant contributions made by the exporters and their value chain, and to commemorate their hard work in increasing foreign exchange flows into the country.