People’s Bank ranked among ‘Top 10 Most Admired Companies’

People’s Bank was yet again featured among the coveted top 10 ‘Most Admired Companies of Sri Lanka’ for the 2020/21 financial year by the

DFCC Bank’s iConnect app bags top global award

DFCC Bank was recently awarded the ‘Most Innovative Corporate Banking App Sri Lanka’ at the Global Banking & Finance Awards 2021, organized by the Global Banking & Finance Review magazine, attesting to its continued status as the Bank for Everyone.

Sanasa Life records strong performance in second quarter

Sanasa Life Insurance (SLICL) has showed resilience and agility in adopting to the new normal while managing to post a healthy operational and financial performance, whilst achieving a record 235.1 percent Year-on-Year (YoY) in Gross Written Premiums (GWP) to reach Rs. 719.9million in the year 2021.

NSB recognized as one of the ‘Most Admired Companies of Sri Lanka’

National Savings Bank, (NSB) has been recognized as one of the 10 Most Admired Companies in Sri Lanka in 2021 by the International Chamber of Commerce Sri Lanka (ICCSL), in collaboration with the Chartered Institute of Management Accountants (CIMA).

ComBank and Softlogic Life pioneer remittance-linked life insurance

Commercial Bank of Ceylon and Softlogic Life have collaborated to break new ground in Sri Lanka’s financial services sector with the launch of the first remittance-linked life insurance product in the market.

NDB Bank once again among Top 10 Most Admired Companies

National Development Bank PLC (NDB Bank) was recently named among the 10 Most Admired Companies in Sri Lanka for the 2020/2021 financial year.

Sampath Sanhinda Saver offers senior citizens a record Rs.185mn in medical benefits

In line with its commitment to supporting the nation’s senior citizens, Sampath Bank rolled out a record Rs.185 million in medical benefits to Sampath Sanhinda Saver accountholders around the island.

Future-ready SDB bank continues to support SMEs, empower women, drive digitalisation

Since its inception 24 years ago, SDB bank has been continually driven by its core intention of helping people from all walks of life to stand on their feet.

Fintrex appoints new directors

Fintrex Finance Limited welcomes two new Directors to its company. The board announced the appointment of A. Sabry Ibrahim and Shrihan B. Perera, both renowned and respected corporate personalities. who join its team as Independent Non-Executive Directors.

CAL launches Wealth of Experience insight platform to celebrate 21 years

Sri Lanka’s premier investment bank Capital Alliance Holdings Limited (CAL) officially marked its 21st anniversary on October 1, 2021.

Amãna Bank recognised as Fastest Growing Retail Bank in Sri Lanka

The UK’s highly acclaimed Global Banking and Finance Review Magazine has adjudicated Amãna Bank as the ‘Fastest Growing Retail Bank in Sri Lanka’ in its recent awards announcement.

ComBank introduces Double Cash promo for Western Union, MoneyGram remittance receivers

The recipients of remittances via Western Union and MoneyGram stand a chance of doubling their funds courtesy of Commercial Bank of Ceylon under an exciting new promotion launched by the bank with the two global money transfer services.

ComBank partners LankaClear becoming first bank to accept digital signatures in Sri Lanka

Commercial Bank of Ceylon has announced it is now accepting digitally signed documents from business customers using LankaSign operated by LankaClear, the only commercially operating certification authority in the country, which complies with the Electronic Transactions Act.

Ceylinco Life named as one of Sri Lanka’s 10 Most Admired Companies in 2021

Ceylinco Life has been named as one of the 10 Most Admired Companies in Sri Lanka in 2021 by the International Chamber of Commerce Sri Lanka (ICCSL), in collaboration with the Chartered Institute of Management Accountants (CIMA).

CFA Society to discuss new road map for AI, big data adoption for financial institutions

CFA Society Sri Lanka will lead a virtual discussion under the theme ‘T-Shaped Teams: Organising to Adopt AI and Big Data at Financial Institutions’, on Wednesday, October 13, 2021, at 3:30 p.m. onwards, Sri Lanka time.

MI partners with SITS to transform digital journey

Sampath IT Solutions (SITS), a fully-owned subsidiary of Sampath Bank Group of Companies announced the strategic partnership with Mercantile Investments & Finance PLC (MI) for the implementation of the ‘PRIME’ platform.

iPay enables PickMe fares via LankaQR

With iPay, the revolutionary payment app introduced by Sri Lanka’s most valuable and globally diversified financial conglomerate LOLC, the customers can now pay their PickMe fares via the LankaQR common QR code.

HNB rewards customers sending inward remittances with gift bonanza

Sri Lanka’s leading private sector bank HNB will bestow a bonanza of valuable prizes on more than 100 lucky customers sending remittances to Sri Lanka every week through HNB as their money transfer service.

ADB recognises People’s Bank as Most Responsive Bank against COVID-19

The Asian Development Bank (ADB) has recognised People’s Bank by awarding it the Most Responsive Bank Against COVID-19, at the prestigious ADB Trade and Supply Finance Programme Awards 2021 (TSCFP Awards 2021).

PMF taps shareholder funds again to meet regulatory capital

The revival and revitalisation of People Merchant Finance PLC (PMF), which began in May 2019, has shown remarkable results to date.

AFC relocates Maharagama branch

Alliance Finance Co. PLC (AFC) ceremonially opened its Maharagama branch at its new location, No. 75 & 75 / 1 / 1, High Level Road, Maharagama, as a spacious and convenient location for customers.

NTB Amex partners Samsung for Pump Fuel and Win campaign

Nations Trust Bank (NTB) American Express (Amex) announced an exciting new promotional campaign for loyal customers, in partnership with Samsung, Sri Lanka’s No.1 smartphone brand, to giveaway the latest Samsung Galaxy Z Fold3 5G and Galaxy Z Flip3 5G smartphones.

ComBank expands ‘Dirishakthi’ scheme to transform value chains in rural Sri Lanka

Commercial Bank of Ceylon has embarked on an initiative to transform the way it supports micro entrepreneurs using its ‘Dirishakthi’ loans programme as the platform for a wider and holistic intervention encompassing financing and empowerment activities.

Fitch rates Abans Finance’s senior proposed debentures ‘A(lka)(EXP)’

Fitch Ratings has assigned an expected National Long-Term Rating of ‘A(lka)(EXP)’ to Abans Finance PLC’s (A(lka)/Rating Outlook Evolving) proposed Sri Lanka rupee-denominated senior unsecured debentures.

DFCC Bank launches World Mastercard credit card with exciting benefits

DFCC Bank, the Bank for Everyone is proud to announce the launch of the DFCC World Mastercard credit card which is now available for existing and new customers. The card is perfect for professionals, entrepreneurs, and businessmen who are looking for new opportunities to enhance their purchasing power.

Allianz Lanka Voice of Customer programme drives greater customer engagement

Allianz Lanka, one of the leading insurance providers in Sri Lanka, recently implemented the Voice of Customer (VoC) programme into its core insurance system.

ComBank conducts e-forum series to encourage citizens overseas to invest in SL

The Commercial Bank of Ceylon has stepped up efforts to encourage Sri Lankans living overseas to invest in Sri Lanka with the support of the country’s benchmark private bank.

Sarvodaya Development Finance appoints Senthilverl to Board

Sarvodaya Development Finance further strengthened its leadership ranks with the appointment of high networth investor on Colombo Stock Exchange (CSE) S.N. Senthilverl as a non-executive, non-independent Director, to the Board of Directors.

StanChart Sri Lanka appoints Yamuna as Head of Legal

Standard Chartered Sri Lanka has appointed Yamuna Silva as its Head of Legal with effect from 13 September 2021, the bank announced recently.

Bandula Egodage appointed to Commercial Credit and Finance Board

Bandula Egodage has been appointed to the Board of Commercial Credit and Finance PLC as a Non-Executive, Non-Independent Director effective 1 October 2021.