HNB CEO Alles inaugurates 37th Asian Bankers Association Conference

HNB’s Managing Director and CEO Jonathan Alles, in his capacity as the Chairman of Asian Bankers Association (ABA), inaugurated the ABA’s 37th General Meeting and Conference.

PB joins hands with Kandy MC to facilitate water bill payment via LANKAQR

People’s Bank has joined hands with the Kandy Municipal Council to enable the citizens residing within the Council limits to conveniently pay their water bills using the LANKAQR network.

UK’s ‘Global Business Outlook’ honours ComBank SL and B’ desh

The Commercial Bank of Ceylon has been declared the ‘Best SME Bank’ in Sri Lanka and the ‘Best Foreign Bank’ in Bangladesh in 2021 by the UK-based Global Business Outlook (GBO) magazine which recognises and rewards excellence in businesses around the world, across industries.

CH17/AceConnekt provide one stop solution for human capital mgt.

A state-of-the-art digital platform that will help recruiters to navigate a database of jobseekers, profiles of candidates, sort them by experience, job relevance, qualifications and many more will be a new feature CH17 will offer all its corporate clientele as well as individual cardholders.

Advantis 3PL Plus wins dual recognition in Asia for best HR practices

Advantis 3PL Plus, a member of the Hayleys Advantis Group has won the ‘Best in Diversity and Impact Management Award’ at the Asian HR Leadership Awards and was ranked amongst the 100 Best Small-Medium Workplaces in Asia for 2021 by Great Place to Work.

McLarens Group among 70 best places to work in Asia and 40 Best Workplaces in SL for year 2021

McLarens Group, one of Sri Lanka’s largest diversified conglomerates has been recognized among the 70 best large workplaces in Asia by the global authority on workplace culture Great Place to Work.

Ceylinco Life’s new Green building makes Negombo its 2nd largest branch

Ceylinco Life has significantly expanded its operations in Negombo, following the opening of the company’s latest eco-friendly branch building in this coastal city, on company-owned land.

AIA Insurance’s Quick Pay app collects Rs.1bn

AIA Quick Pay, the disruptive digital premium payment app developed specially for AIA Insurance’s wealth planners and financial planning executives to collect customer premiums, has hit a whopping Rs.1 billion worth of transactions and premium collections, as at July 2021.

BOC dedicates Matara Super Grade branch as 82nd anniversary branch

Bank of Ceylon (BOC), as a part of its commemoration of the 82nd anniversary, reopened its Matara Super Grade branch at its own premises by the bank’s General Manager D.P.K. Gunasekera, Senior Deputy General Manager K.E.D. Sumanasiri, DGM Sales and Channel Management Priyal Silva and Chief Legal Officer Badra

NDB revamps NEOS with exceptional features

Although the coronavirus pandemic brought our lives to a halt once again with yet another lockdown, NDB NEOS has stepped up its already exceptional service with innovative digital features to make banking at home easier and more convenient.

Union Bank mobile app now enhanced with JustPay

Union Bank announced that its mobile app UBgo has now been further enhanced with the JustPay payment solution from LankaPay to enable seamless payments.

SDB bank records yet another oversubscription at SPO

Attracting investor attention since it was first announced, SDB bank concluded its Secondary Public Offering (SPO) with a successful oversubscription of the initial issue of Rs.3.5 billion.

Gampaha Municipal Council goes fully digital in payment acceptance with ComBank

The Gampaha Municipal Council has fully digitised its payments platform in partnership with Commercial Bank of Ceylon.

ComBank partners DirectPay to support digital payment solutions for businesses

Commercial Bank of Ceylon has announced a partnership with DirectPay, one of the fastest-growing fintech start-ups in Sri Lanka, to provide Internet Payment Gateway (IPG) support and operate as the acquiring bank for the cashless payment solutions the latter develops for clients.

CLC Islamic Finance introduces Wadi’ah

CLC Islamic Finance, the Islamic banking division (IBD) of Commercial Leasing & Finance PLC, (CLC), introduced its latest service offering: Wadi’ah (Safe Keeping), an alternative for conventional gold loans.

BOC ranked among The Banker UK’s Top 1000 Banks in world

Bank of Ceylon (BOC), the state-owned premier Sri Lankan bank, continued to hold on tightly to its top position among other banks in the country, according to the rating by the prestigious banker’s magazine of the United Kingdom.

HNB Assurance June quarter premiums up on new life policies

HNB Assurance PLC saw its top line rising in the three months to June, as individual life insurance premiums rose followed by corporate policies but the general insurance premiums fell due to still anaemic motor insurance business hurt by the ban on vehicle imports.

Seylan Bank unveils SME debit card

Seylan Bank, the Bank with a Heart, has unveiled the first-ever SME debit card for business banking customers to convert cash transactions to POS.

First Capital posts PAT of Rs.136mn for 1Q

First Capital Holdings PLC, a member of the Janashakthi group, recorded a profit after tax of Rs.136 million for the first quarter of 2021 (first quarter of 2021/22), compared to Rs.1.46 billion in the corresponding period of the previous year.

APB holds webinar on transformation from traditional banking to digitalisation

The Continuous Professional Development committee of the Association of Professional Bankers (APB) recently conducted the second webinar of the series of webinars, which is part of the annual calendar of the APB.

People’s Bank 60th anniversary special publication presented to Prime Minister

A unique, commemorative publication in celebration of People’s Bank’s 60th anniversary was officially presented by People’s Bank Chairman Sujeewa Rajapakse to Prime Minister Mahinda Rajapaksa, at Temple Trees, recently.

HNB records over Rs.100bn in volume on PAYFAST for 1H

In an effort to enhance the nation’s digital financial landscape in the wake of the COVID-19 pandemic, Sri Lanka’s leading private sector bank HNB PLC recently announced that its secure corporate payment platform ‘PAYFAST’ had recorded over a colossal Rs.100 billion in volume during the first half of 2021.

AIA posts jump in first-half new business value, raises dividend

Insurer AIA Group Ltd raised its interim dividend this week and posted a jump in first-half new business value, as it recovered from pandemic-led business disruptions in most of its main markets apart from Hong Kong.

Amana Takaful Life Insurance offers customisable plans with Gold Fund

For the first time in Sri Lanka, Amana Takaful Life Insurance is offering customisable life insurance plans, with a Gold Fund, a step forward in the life insurance industry of Sri Lanka.

Softlogic Invest celebrates 1st anniversary as a leading fund manager with Rs.31bn AUM

Softlogic Invest, the asset management arm of the Softlogic group, recently celebrated one year of revolutionising Sri Lanka’s investment landscape with its unique and innovative approach to making unit trust funds accessible to a whole new generation of aspirational young investors.

StanChart Sri Lanka wins Credit Card Initiative of the Year at ABF Retail Banking Awards 2021

Standard Chartered Sri Lanka won the Credit Card Initiative of the Year – Sri Lanka Award for the bank’s ‘2By20 Campaign on Loan on Card’, at the recently announced Asian Banking and Finance (ABF) Retail Banking Awards 2021.

Ceylinco Life gifts gold to another 103 lucky policyholders

Another 103 Ceylinco Life policyholders are celebrating the luck of the draw after the life insurance leader presented them with gold worth Rs.5 million under the 14th edition of its ‘Family Savari’ mega promotion.

Amana Bank 2Q profits surge but virus resurgence hurts loan momentum

Amana Bank PLC reported some robust financial performance in the three months to June (2Q21), on improving margins and new loans, albeit the momentum slowed in its fiscal second quarter, due to the virus resurgence.

Fintrex Finance awarded as Fastest Growing Finance Company in SL at Int’l Business Awards 2021

At its recent International Business Awards for 2021, Dubai-based publication International Business Magazine awarded Fintrex Finance Ltd with the prestigious title of Fastest Growing Finance Company in Sri Lanka for 2021, after an independent survey.

NTB reports strong earnings for June quarter

Nations Trust Bank PLC (NTB) reported robust financial performance in the three months to June (2Q21), albeit the momentum slowed in new loans while the margins were weighed down by the overall descent in interest rates and the regulatory caps imposed on certain products such as credit cards, in which the bank has a sizeable portfolio.