Union Bank of Colombo PLC reported disappointing results for the three months ended March 31, 2022 (1Q22) on the back of higher provision made on account of loans and other financial assets, but recorded a surprise growth in new loans amid tough cond

The profit cratered at National Development Bank PLC (NDB) in the quarter ended March 31, 2022 as the bank’s provisions against possible loans and other losses rose many-fold in expectation of dourer financial conditions going forward.

HNB Finance PLC has further strengthened its customer operations and branch network by absorbing and bringing under its brand the 7 branches of Prime Finance PLC. This strengthens HNB Finance’s total presence to 77 branches and positions the compan

A facility provided by the Commercial Bank of Ceylon for personal loans to be applied online, has been adjudged the ‘Best Frictionless Credit Evaluation Initiative’ in Sri Lanka by the Asian FinTech Academy (AFTA).

In a bid to provide a mechanism to recognize its top performers and incentivize exceptional excellence, Allianz Lanka carried out a Retail Competition for its Sales teams in 2021.

Amana Takaful Insurance has been recognized as being among the top 10 companies in Sri Lanka with the best management practices, by the Institute of Chartered Professional Managers of Sri Lanka (CPM).

Orient Finance PLC, a member of the Janashakthi group, announced the appointment of veteran banker Rajendra Theagarajah as the company’s Non-Executive, Independent Director and Chairman of the board, with effect from April 28, 2022.

The innovative and thoughtfully crafted website of Sri Lanka’s Bank for Everyone, DFCC Bank, was recognised with three Silver awards at the BestWeb.lk Awards, organised and hosted by LK Domain Registry annually, since 2009.

National Development Bank PLC (NDB) recently launched a campaign to drive inward remittances and investment by providing attractive interest rates for Special Deposit Accounts (SDAs).

Dinithi Ratnayake has been appointed as the new Chairperson of SDB bank, with effect from April 29, 2022, on the retirement of Lakshman Abeysekara on completion of his tenure.

Union Assurance PLC has been ranked among the top three most loved life insurance brands in Sri Lanka.

Commercial Bank of Ceylon has announced that all customers who open new ‘Arunalu’ children’s savings accounts or ‘Isuru’ minors’ savings plans in April and May will be rewarded with a gift, adding further value to the benefits the account

The Central Bank of Sri Lanka launched another Lanka QR promotional programme in the Kurunegala city and People’s Bank also participated in this programme to raise awareness about the LankaQR payment system via the People’s Pay app.

A premier licensed finance company focused on rural and semi-urban consumers, Mahindra Ideal Finance recently unveiled its 20th branch in Sri Lanka, in Kuliyapitiya, further expanding its growing islandwide network.

Commercial Bank of Ceylon has won the titles of Best Retail Bank Sri Lanka 2022 and Best Corporate Bank Sri Lanka 2022 at the annual awards of the UAE-based Global Business Review magazine, which recognises and rewards excellence in companies across

LOLC Life Assurance, an associate company of LOLC Holdings PLC, declared 56 members of its sales team as qualifiers for the Million Dollar Round Table (MDRT) membership including three Court of The Table (COT) winners for the year 2021.

Lanka Credit and Business Finance PLC opened the doors of its 13th branch in the modernised town of Embilipitiya, marking their presence in the Sabaragamuwa province for the first time.

Ceylinco Life has once again been adjudged as the Most Valuable Life Insurance Brand in Sri Lanka and has moved up five places in the 2022 brand value rankings published by Brand Finance, the world’s leading independent brand valuation consultancy.

Vallibel Finance continues to expand its network with the opening of two new branches in Matugama and Dematagoda.

The insurance industry had achieved a growth of 12.25 percent in terms of overall gross written premium (GWP) during the fourth quarter of 2021, recording a GWP increase of Rs.25,507 million when compared to the same period in the year 2020.

Alliance Finance Co. PLC (AFC) ceremonially opened its Thalawakelle branch at No. 16, Jayanthi Mawatha, Thalawakelle, as a spacious and convenient location for customers.

DFCC Bank, the bank for everyone, has entered into a landmark partnership with USAID CATALYZE Private Sector Development Activity (PSD) PSD, implemented by The Palladium Group, to finance micro, small and medium enterprises (MSMEs), with a focus on w

POTENZA, the Sri Lanka-based global business technology consultancy group, recently announced a landmark partnership with Hatton National Bank (HNB), as its official implementation partner, to facilitate and support the bank on its journey of robotic

Commercial Bank of Ceylon has been ranked as the Strongest Bank Brand in Sri Lanka for the third consecutive year in the 2022 report on the country’s most valuable and strongest brands by Brand Finance, the world’s leading independent brand valu

Sri Lanka Insurance yet again recorded stellar performance in the year 2021 to record a profit before taxation of Rs.11.7 billion for the year 2021, with a strong improvement in combined Gross Written Premium (GWP) of Rs. 43.2 billion denoting 9.7 pe

A facility provided by the Commercial Bankof Ceylon for personal loans to be applied for online, has been adjudged the ‘Best Frictionless Credit Evaluation Initiative’ in Sri Lanka by the Asian FinTech Academy (AFTA).

Incentivizing Sri Lankan expatriates to remit their hard-earned foreign currency earnings securely back to their families and loved ones, Bank of Ceylon (BOC) is announcing third season of its unique ‘Pita Pita Rata Thegi’ promotion in offering t

While downgrading Sri Lanka Insurance Corporation Limited’s (SLIC) Insurer Financial Strength (IFS) Rating to ‘CC’, Fitch Ratings has placed IFS ratings on seven non-life insurance firms on watch for possible downgrades driven by elevated in

The National Development Bank PLC has been recognised as one of the top 20 brands in the country by the world’s leading independent brand valuation consultancy - Brand Finance Lanka’s annual index of Most Valuable Brands.

The Commercial Bank of Ceylon, the first bank in Sri Lanka to enable Social Network Banking services, has announced that it has enabled trilingual access to both its WhatsApp Banking and Bank with ComBank on Viber services, another first in Sri Lanka