?Vallibel Finance and Ideal Motors, the sole agent in Sri Lanka for Mahindra have partnered, presenting a special bundle offer to new Mahindra customers. 

?Hatton National Bank PLC was awarded the “Excellence in Training & Development – Overall Award for Best Results Based Training” at the Asia’s Training & Development Excellence Awards 2015 held on 12 August in Singapor

?eZ Cash Sri Lanka’s premier Mobile Money service partners with Sri Lanka’s largest private sector bank, Commercial Bank of Ceylon PLC, to give eZ Cash customers the ability to withdraw cash from selected ATMs island wide. 

?Union Bank of Colombo PLC (UBC) is proud to announce the opening of five new ATMs in the Western Province, further enhancing its ATM network across the island. 

?Embarking on another revolutionary financial service provision, Commercial Leasing and Finance PLC recently introduced ‘CLC Islamic Finance’ with the purpose of meeting the financial needs of many existing and potential customers within

?First Capital Holdings PLC recorded a consolidated profit after tax of Rs.176 million for the quarter ended June 30, 2015.  

?The shareholder nod has been obtained to change the name of Lanka Orix Finance PLC to LOLC Finance PLC, the company said in a stock filing. Lanka Orix Leasing Company PLC owns 90 percent of the equity capital of the company.

?HSBC Sri Lanka has once again been recognised for its digital capabilities by winning the Best Consumer Digital Bank Award in Global Finance’s World’s Best Digital Bank Awards for 2015 (formerly known as the Best Internet Bank Awards)&nb

?Being ‘The Responsible Choice’ and dedicated to offering the best value-added benefits to cardholders, SampathCards has once again successfully identified and understood its cardholder’s needs this holiday season. 

?Asian Alliance Insurance has opened a new general insurance branch in Kandy, thereby providing enhanced access to its customers in the Central Province and strengthening its presence in Kandy.  

?National Savings Bank (NSB) recorded the highest half yearly profits in its history with an impressive Profit Before Tax (PBT) growth of 68 percent as compared to same period last year. 

?People’s Leasing & Finance PLC bagged two Gold awards and two Bronze awards under financial products and services category at the 15th SLIM-NASCO awards ceremony held at the Waters Edge, Battaramulla recently.

Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka Branch’s (SCBSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable.

?Fitch Ratings has assigned Housing Development Finance Corporation Bank of Sri Lanka (HDFC Bank) a National Long-Term Rating of ‘BBB(lka)’ and a Stable Outlook. 

REUTERS: China will allow its huge state pension fund to invest in domestic stocks in the wake of a massive market sell-off, it was announced recently.

?Sri Lanka’s rupee weakened to 134.10 to the US dollar after authorities dropped the intervention rate by 10 cents, dealers said yesterday.

?M Power Capital Limited (MPC), the Colombo-based corporate finance advisory and private equity group, is celebrating its first anniversary.   

A high ranking team from the Insurance Institute of India (III) visited Sri Lanka recently. The team comprised of P Venugopal (Secretary General)

?DFCC Bank, the country’s leading development bank and its commercial arm DFCC Vardhana Bank (DVB), introduced Bancassurance, to offer their customers a combined banking and insurance solution.  

?Union Assurance General has set out to reward its loyal customers through their recently initiated Customer Loyalty  Reward scheme. 

?In celebration of the Bank’s 76th Anniversary, Bankers to Nation – Bank of Ceylon will reward babies born in the month of August 2015 with cash rewards. This promotion is valid for babies born between 1st to 31st August 2015. 

HNB Assurance PLC (HNBA) continued to maintain its growth momentum in the 1st half of 2015, in challenging market conditions. The group recorded a 19 percent growth in consolidated premium income amounting to Rs 2.68 billion up from the 2.25...

?Softlogic Finance PLC’s new business model has paid rich dividends in the first quarter of the 2015/16 financial year, with the company achieving impressive improvements in a range of key indicators. 

Orient Finance signs MoU with Senok Commercial Vehicles Orient Finance (OFL) and Senok Commercial Vehicles (Pvt) Ltd (SCV) signed a Memorandum of Understanding (MoU) to facilitate the provision of a novel service specialty—the Senok-Orient Tra

The second GOSS Private Equity and ninth Risk Management Annual Joint Conference was held on 30 – 31 July 2015 at St. Regis Hotel in Singapore.  National University of Singapore (NUS) Risk Management Institute (RMI) is one of the leading

Union Assurance PLC (UA) recorded a steady growth in Gross Written Premium (GWP) and profits as at the end of the 2nd quarter of 2015. 

Nawaloka Hospitals was recognized by the Institute of Certified Management Accountants (CMA) of Sri Lanka for Excellence in Integrated Reporting at their inaugural awards ceremony held recently at Hotel Cinnamon Lakeside. Nawaloka Hospitals

Housing Development Finance Corporation Bank of Sri Lanka (HDFC Bank) has recorded Rs. 388.9 million profit before tax (PBT) in the 1H of the year 2015 as against Rs. 310.5 million in the corresponding period of 2014, an increase of 25 percent.

?Two of Citizens Development Business Finance PLC (CDB) star performers won awards at the recently concluded National Sales Congress Awards (NASCO) organised by the Sri Lanka Institute of Marketing (SLIM).

?Vallibel Finance affirmed its continuing ascendancy, announcing yet another impressive performance in 2014-15.  Pre-tax profits soared by 28 percent to exceed Rs.623 million over the previous year’s Rs.489 million.