Licensed commercial bank, Sanasa Development Bank PLC (SDB), saw its December quarter net profits falling by 21 percent to Rs.149 million over the corresponding period last year due to a significant increase in operating expenses

A revolutionary new model in cashless mobile payments is set to create a small and medium enterprise (SME)-led transformation in the Sri Lankan economy with the launch of PAYable, a free Bluetooth 

Commercial Bank has rewarded 300 customers with hampers worth Rs.5,000 each following the conclusion

The Chartered Institute of Management Accountants (CIMA) organised a seminar on Revenue Administration Management Information System (RAMIS) - the revolutionary change introduced by the Inland Revenue Department.

Janashakthi Insurance PLC (Janashakthi) reported a consolidated gross written premium (GWP) of Rs.10.664 billion for the year ended December 31, 2015, a growth of approximately 19 percent over the same period in 2014

Sri Lanka’s development-oriented commercial bank, National Development Bank PLC (NDB) recently launched its next generation of digitally-enabled mobile banking platform – ‘Shake-Banking’ – which offers many industry firs

Union Bank of Colombo PLC (UBC) and its subsidiaries concluded the year 2015 with a notable business performance; reflected by a 226 percent increase in post-tax profit that signals the strong growth momentum mobilised within the year. 

2015 was a year of transformation for DFCC following the amalgamation with DFCC Vardhana Bank and the change in the financial year-end to December 31 from March 31.

Nation Lanka Finance (NLF) has announced a rights issue to raise Rs.502 million to support the company’s core capital requirement and ensure its compliance with regulations that have been stipulated by the Central Bank of Sri Lanka (CBSL). 

Senior professional Mangala Boyagoda has been appointed as Chairman of Colombo Trust Finance PLC, a company formerly known as Capital Alliance Finance PLC, controlled by the Cargills group.  Boyagoda is a senior banker, possessing over 30 years

subsidiaries concluded the year 2015 with a notable business performance; reflected by a 226 percent increase in post-tax profit that signals the strong growth momentum mobilised within the year.

George Steuart Finance PLC (GSF), a unit of Sarvodaya Development Finance Limited has changed its name to Summit Finance PLC, the company informed the Colombo bourse yesterday. The company obtained

Senior professional Mangala Boyagoda has been appointed as Chairman of Colombo Trust Finance PLC, a company formerly known as Capital Alliance Finance PLC, controlled by the Cargills group. Boyagoda is a senior banker, possessing over 30 years of exp

2015 was a year o f transformation for DFCC following the amalgamation with DFCC Vardhana Bank and the change in the financial yearend to December 31 from March 31. The performance reported is for nine months 

Commercial Bank of Ceylon PLC has recorded a profit before tax of Rs.17.144 billion for the 12 months ended December 31, 2015, a year in which it strengthened its positions in Sri Lanka and Bangladesh

Nation Lanka Finance (NLF) has announced a rights issue to raise Rs.502 million to support the company’s core capital requirement and ensure its compliance with regulations that have been stipulated

First Capital Holdings PLC (FC), a full-service investment bank with 30 years of experience, recently launched ‘FC Capital Market App’

UB Finance, a subsidiary of Union Bank of Colombo PLC, has successfully implemented its branch expansion initiative so as to cater to the needs of its customers islandwide.

Hatton National Bank (HNB) group recorded net profit (equity holders of the bank) of Rs.10.5 billion for the year ended December 31, 2015 (FY15)

In keeping with its longstanding recognition for coupling convenience with technological innovation, Sampath Bank is adding yet another service to its existing mobile banking facility.

Asian Alliance Insurance PLC launched an all-time first by a Sri Lankan insurance company and announced a Health Insurance Cover of up to US$ 1 million that can be purchased locally.   

Fitch Ratings has affirmed Ceylon Dollar Bond Fund’s Fund Credit Quality Rating of ‘BB-’ and affirmed the Fund Volatility Rating at ‘V5’. The fund is managed by Ceylon Asset Management (CAM). The affirmation 

People’s Leasing & Finance PLC opened its newest branch in Pelmadulla (118/1, Ratnapura Road, Pelmadulla) recently. The new branch was declared open by D. P. Kumarage, CEO/General Manager, PLC.

Fitch Ratings has been named as the winner in three categories in the inaugural Triple A Rating Agency of the Year awards by The Asset, a publication covering Asia’s financial industry since 1999. These include awards for “

Hatton National Bank (HNB) Islamic Banking has opened its second Unit at Pettah, as a key step in a rapid expansion drive of its Islamic banking operations.

The most socially engaging bank in Sri Lanka, Seylan Bank, won 3 major international awards for its performance on the Social Media platform at the ‘Indo Lanka Customer Engagement Award’ organized by the ACEF Team.

Nations Trust Bank opened their flagship digitalized branch at the World Trade Centre, emphasizing further the bank’s ambitious approach towards digital banking.  In light of the opening event, a promotional raffle draw was held during the

MTD Walkers PLC recorded a net loss of Rs.55.5 million for the December quarter (3Q16) against a net profit of Rs.195.6 million reported in the corresponding quarter of the previous year, the interim financial accounts showed. 

Pan Asia Banking Corporation PLC saw its post tax profit for the year ended December 31, 2015 (FY’15) increasing by as much as 151percent to surpass the key milestone of achieving a billion rupee profit.   

Fitch Ratings Lanka has assigned Alliance Finance Company PLC (AFC) a National Long-Term Rating of ‘BB+(lka)’ with a Stable Outlook.