The board of directors of Union Bank of Colombo PLC announced the appointment of Yudy Kanagasabai as an Independent Non-Executive Director with effect from July 27, 2016.  Kanagasabai is a renowned accountant and a fellow member of the Institute

Siyapatha Finance PLC celebrated the opening of yet another branch on July 21st. The new branch in Trincomalee is the 23rd in the long list of branches the company has opened in Sri Lanka over the 

Al-Falaah, the Islamic Financial Services arm, brought glory and honour to LOLC Group by winning two Gold awards and one Silver at the 1st Islamic Finance Forum of South Asia (IFFSA) Awards 

National Development Bank PLC group’s net profit for the quarter ended June 30, 2016 (2Q16) fell by 

Business magnate Dhammika Perera-controlled licensed finance company, LB Finance PLC, made a June quarter (1Q17) net profit of Rs.911.7 million or Rs.6.58 a share up 18 percent from a year ago, 

Fitch Ratings has affirmed Housing Development Finance Corporation Bank of Sri Lanka (HDFC Bank) national long-term rating at ‘BBB(lka)’. The outlook 

Nations Trust Bank PLC (NTB) saw its June quarter (2Q16) net profit narrowing by 10 percent year-

Alliance Finance Co. PLC (AFC), one of Sri Lanka’s oldest and trusted finance companies, celebrates 60 years of unparalleled service spanning four generations of customers in Sri Lanka.  

Commercial Bank and Diesel & Motor Engineering PLC (DIMO) have come together to provide 

Sri Lanka has begun work on the proposed Financial Assets Management Agency to assist the troubled finance companies.

Sri Lanka’s third largest general insurer by gross written premiums (GWPs), Janashakthi Insurance PLC (Janashakthi) group, increased its June quarter (2Q16) net profit to Rs. 272.5 million or 50 cents a share from Rs.105.2 million recorded a ye

Post-war Sri Lanka has seen a phenomenal increase in demand for medium to high-end condominium properties. 

As an organization renowned for winning awards, for producing exceptional annual reports, Mercantile Investments and Finance PLC excelled in financial reporting this year once again, becoming the joint winner of the Bronze Award (Second Runner up) at

REUTERS: The Sri Lankan rupee traded steady yesterday as exporter dollar sales were offset by purchases of the U.S. currency by state-run banks, dealers said. The spot rupee was trading at 145.60/63 per dollar at 0653 GMT, hardly changed from Tuesday

REUTERS: The Sri Lankan rupee ended slightly higher yesterday as dollar sales by exporters and foreign investors surpassed purchases by state-run banks, dealers said.

The DFCC Bank PLC group increased its June quarter (2Q16) net profits by 20 percent to Rs.747 million or Rs.2.82 a share from a year ago supported by stronger core banking operations, the interim 

Mastercard, one of the world’s most recognizable brands, unveiled the evolution of its brand identity, 

Ceylinco Life has broken new ground in the sphere of eco-friendly operations with the installation of the biggest solar electricity system in the city of Colombo to date.

Twenty five years after it pioneered a savings product for minors, Commercial Bank of Ceylon 

Amãna Bank was awarded the Gold Award for the Islamic Finance Entity of the Year at the recently concluded inaugural Islamic Finance Forum of South Asia (IFFSA) Awards Night, cementing its leadership status in the Non-Interest based banking an

One of India’s well known forensic technology experts, Prashant Bhat was in Colombo recently to share his insights and to educate members of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on forensic accounting. 

The Guardian Acuity Money Market Fund won silver at the recently concluded CFA Awards night in the category of mutual funds. This was the first time that the CFA Institute recognized the mutual funds industry for their performance. 

In a bid to assist the Finance Ministry employees balance their work life with day-to-day responsibilities, Hatton National Bank opened its 252nd Customer Centre at the Finance Ministry premises recently. 

Sri Lanka’s capital market is still at an early stage of development and therefore the establishment of a strong culture of ethical conduct is of paramount importance for faster growth in the market, 

Fitch Ratings has assigned Senkadagala Finance PLC’s (SFC: BBB+(lka)/Stable) issue of senior unsecured redeemable debentures of up to Rs.3 billion a final national long-term rating of ‘BBB+(lka) ‘.

The licensed commercial bank, Pan Asia Banking Corporation PLC saw its net profit for the quarter ended June 30, 2016 (2Q16) increasing by a modest 10 percent to Rs.299.8 million or Rs.4.08 a 

Continuing to provide the most convenient leasing solutions, Sampath Bank successfully completed its annual ‘Leasing Waasi Thun Maase’ mobile fairs islandwide.

Citi announced that it has been named ‘Best Bank for Transaction Services’ in Asia by the Euromoney magazine in the 25th edition of its Awards for Excellence programme.  

Mirror Business spoke to experienced banker Chandula Abeywickrama, who is also the Consultant Strategy and 

Nations Trust Bank (NTB) recently partnered with CEC Exhibitions as the main sponsor for the annual Kedella Exhibition to be held at the Kandy City Centre from today to August 7, 2016.