DFCC Bank records resilient performance amidst challenges

DFCC Bank records resilient performance amidst challenges »

18 Nov, 2019

The following commentary relates to the interim non-audited financial statements for the nine months ended 30 September 2019, presented in accordance with Sri Lanka Accounting Standard 34 (LKAS 34) on “Interim Financial Statements”.

ComBank provides Internet Payment Gateway to Nuwara Eliya Golf Club

ComBank provides Internet Payment Gateway to Nuwara Eliya Golf Club »

18 Nov, 2019

The Nuwara Eliya Golf Club (NEGC), one of the oldest golf clubs in Asia, recently appointed the Commercial Bank of Ceylon as its Internet Payment Gateway (IPG) service provider.

HNB takes customer service to a new level at One Galle Face mall

HNB takes customer service to a new level at One Galle Face mall »

15 Nov, 2019

Understanding and anticipating customer needs, Sri Lanka’s largest private sector Bank, HNB PLc opened its doors to its newest customer-centric, business unit at the most prestigious address in town - One Galle Face shopping mall.

Nations Trust Bank Supports The Wildlife And Nature Protection Society To Host “Chat With Saba”

Nations Trust Bank Supports The Wildlife And Nature Protection Society To Host “Chat With Saba” »

13 Nov, 2019

Nations Trust Bank is supporting the Wildlife and Nature Protection Society to host an exciting event titled “Chat with Saba”. The event will feature a lively discussion on elephants and elephant conservation with Saba Douglas-Hamilton, the world famous conservationist, wildlife presenter and award-winning wildlife filmmaker.

People’s Bank Launch “Pathumak Thagi Karamu” Campaign in celebration of the literature month 2019

People’s Bank Launch “Pathumak Thagi Karamu” Campaign in celebration of the literature month 2019 »

13 Nov, 2019

People’s Bank ceremoniously initiated the distribution of donations received from generous and charitable Sri Lankans for bank’s ‘Pathumak Thagi Karamu’ campaign at the B/Kumarapattiya Ambagasdowa Rajakeeya Vidyalaya recently. I

Union Bank focuses on cost optimisation for sustained growth in a challenging environment

Union Bank focuses on cost optimisation for sustained growth in a challenging environment »

13 Nov, 2019

Union Bank continued to focus on portfolio alignment and prudent cost management to sustain against a hard-hitting macro economic environment that continued to weigh down the banking sector during the third quarter of 2019.

HNB announces launch of newly relocated customer centre at Orion City Tower

HNB announces launch of newly relocated customer centre at Orion City Tower »

13 Nov, 2019

Working to meet rising demand for convenient and effective banking solutions among a growing base of digitally savvy customer base, Sri Lanka’s leading bank in the field of technological innovation,

ComBank & Hayleys Agriculture support SMEs with new leasing promo

ComBank & Hayleys Agriculture support SMEs with new leasing promo »

6 Nov, 2019

Business News from Sri Lanka:

Discounts of up to Rs 50,000, lower installments and reduced interest rates for the purchase of

Pan Asia Bank recognized at Presidential Environment Awards 2019 for winning the ‘Global Climate Partnership Award’

Pan Asia Bank recognized at Presidential Environment Awards 2019 for winning the ‘Global Climate Partnership Award’ »

5 Nov, 2019

Pan Asia Bank took centre-stage at the high-profile ‘Presidential Environment Awards 2019’, held on 29th October 2019, at the Nelum Pokuna Mahinda Rajapaksa Theatre, on which occasion, the President of Sri Lanka, His Excellency Maithripala Sirisena, recognized the bank for winning the prestigious Global Climate Partnership Award which was won in June 2019 for the bank’s green lending efforts.

Nations Trust Bank Partners With Cinnamon Life’s “Jazz By The Lake”

Nations Trust Bank Partners With Cinnamon Life’s “Jazz By The Lake” »

5 Nov, 2019

Nations Trust Bank American Express and Nations Trust Bank Private Banking have partnered with Cinnamon Life to bring you“Jazz by the Lake”, which is set to be Colombo’s most exclusive and elegant jazz event. The first “Jazz by the Lake” event soothed Colombo’s souls on the 20th of October 2019 at Cinnamon Lakeside.

ComBank receives Best Bank award from Global Finance for 19th time

ComBank receives Best Bank award from Global Finance for 19th time »

5 Nov, 2019

The Commercial Bank of Ceylon was recently presented the award for ‘Sri Lanka’s Best Bank in 2019’ by the USA-based Global Finance magazine at the 26th Annual Best Bank Awards Ceremony held at the National Press Club in Washington, DC on the sidelines of the annual meetings of the IMF and World Bank.

BOC initiates an international symposium on Innovative Banking – INNOVBANK

BOC initiates an international symposium on Innovative Banking – INNOVBANK »

5 Nov, 2019

Bank of Ceylon as the leading commercial bank in Sri Lanka commemorating its 80th anniversary this year unveiled a symposium on Innovative Bankingon 04th November 2019, which is a first-of-its-kind in the industry, under the theme “Innovative Banking in a smart world”.

HNB felicitates employees who completed 25 years of service

HNB felicitates employees who completed 25 years of service »

16 Oct, 2019

Sri Lanka’s leading private sector bank, HNB PLC organized a ceremony recently to felicitate their employees who completed 25 years of service in the Bank. HNB organized a gala event to recognize 146 employees who had joined the Bank in 1993. This annual event, highly anticipated in HNB’s calendar, was attended by HNB Managing Director and CEO Jonathan Alles, Chief Operating Officer, Dilshan Rodrigo, Head of Human Capital Management, Indrajith Senadhira and other members of the Corporate Management.

Amana Bank Launches Business Plus

Amana Bank Launches Business Plus »

16 Oct, 2019

Towards facilitating the growing needs of SMEs and business enterprises, Amana Bank recently launched a specialized banking platform titled Amana Bank Business Plus. Amana Bank Business Plus is a platform tailor made for business owners offering a banking relationship that ensures not only peace of mind on their finances but also allowing them to invest more time to focus and grow their business.

BOC Commemorates its 80th Anniversary with “BOC Haritha Arana”- 100 Hectare 80,000 Tree planting Project

BOC Commemorates its 80th Anniversary with “BOC Haritha Arana”- 100 Hectare 80,000 Tree planting Project »

16 Oct, 2019

In response to the Government’s island-wide program-“Wana Ropa” to add 2889 hectares to national forest cover and also to commemorate the 80th Anniversary of the Bank, the Bank of Ceylon has itself committed to restoring a hundred hectares of degraded forest in Hurulu Conservation Forest as “BOC Haritha Arana”.

Nations Trust Bank Mastercard Announce The Winner Of ‘Witness Rugby World Cup 2019 Finals In Japan’ Promotion

Nations Trust Bank Mastercard Announce The Winner Of ‘Witness Rugby World Cup 2019 Finals In Japan’ Promotion »

14 Oct, 2019

Nations Trust Bank MasterCard Credit Cards & Debit Cards conducted the ‘Witness Rugby World Cup 2019 Finals in Japan’ Promotion where Cardholders simply had to swipe their Nations Trust Bank MasterCard Credit or Debit Cards for LKR 5,000 or more at any MasterCard merchant island-wide from 1st of April to 31st of August 2019 to enter into the draw.

Pan Asia Bank featured among Top 30 business entities in Sri Lanka

Pan Asia Bank featured among Top 30 business entities in Sri Lanka »

14 Oct, 2019

‘The Business Today’, Sri Lanka’s premier business magazine in its latest evaluation has included Pan Asia Banking Corporation PLC among the Top 30 corporates in Sri Lanka for the first time in its history in recognition of the bank’s business and financial resilience in challenging times.

HNB Ratmalana Customer Centre relocates to new facility

HNB Ratmalana Customer Centre relocates to new facility »

14 Oct, 2019

Catering to a growing customer base in the Ratmalana area, HNB PLC, ceremonially opened its newly relocated Ratmalana Customer Centre at No. 124, Galle Road, Kaldemulla, Moratuwa this week. Open for business every weekday from 9.00 a.m. to 3.00 p.m., the bank’s spacious new premises will feature a complete spectrum of banking products and services. The state-of-the-art customer centre is designed to provide a new paradigm in banking convenience for customers in Ratmalana and around

ComBank upgrades ATM network to accept JCB cards issued worldwide

ComBank upgrades ATM network to accept JCB cards issued worldwide »

10 Oct, 2019

The Commercial Bank of Ceylon has announced that worldwide holders of JCB (Japan Credit Bureau) Credit Cards can now withdraw money from the Bank’s ATMs in Sri Lanka, offering a noteworthy segment of tourists visiting the country easy access to their funds.

Sampath Bank ranks among Sri Lanka’s 10 Most Admired Companies

Sampath Bank ranks among Sri Lanka’s 10 Most Admired Companies »

9 Oct, 2019

Standing testimony to its superlative service to the nation, Sampath Bank was placed among Sri Lanka's 10 Most Admired Companies at the 'Most Admired Companies of Sri Lanka 2019' held at BMICH recently.

Ceylinco Life wins 2 Gold & 2 Bronze at IASL’s Life Insurance Industry Awards

Ceylinco Life wins 2 Gold & 2 Bronze at IASL’s Life Insurance Industry Awards »

9 Oct, 2019

Two of Ceylinco Life Insurance’s finest; Messrs G. G. Botheju and A. I. P. Manjula, triumphed as ‘Best Advisors’ at the Life Industry Sales Awards presented at the recent National Forum for Life Insurance Advisors (NAFLIA) 2019 Insurance Congress.

People’s Bank Kaluwanchikudi branch relocated to a new premises

People’s Bank Kaluwanchikudi branch relocated to a new premises »

8 Oct, 2019

The ceremonial opening of People Bank’s Kaluwanchikudi Branch at its new premises took place recently with the attendance of Mr. A.U.A Anzar, Assistant General Manager (Marketing) of People’s Bank.

DFCC Bank iConnect facilitates real time CEFTS payments for Corporate Clients

DFCC Bank iConnect facilitates real time CEFTS payments for Corporate Clients »

8 Oct, 2019

Adopting cutting-edge technology, DFCC Bank PLC a leading commercial bank in Sri Lanka, recently introduced the Common Electronic Fund Transfer System (CEFTS) payments facility through its payments and cash management online platform for corporate clients, DFCC Bank iConnect.

ComBank’s 267th branch opens in Hettipola

ComBank’s 267th branch opens in Hettipola »

8 Oct, 2019

The Commercial Bank of Ceylon has further strengthened its presence in the Kurunegala District, with the opening of a fully–fledged branch in Hettipola. The Bank’s 267th branch in Sri Lanka is located at No. 178/1, Kurunegala Road, Hettipola.

HNB recognised as Sri Lanka’s Strongest Bank by Asian Banker

HNB recognised as Sri Lanka’s Strongest Bank by Asian Banker »

3 Oct, 2019

Sri Lanka’s leading private sector bank, HNB was recognized as Sri Lanka’s Strongest Bank by balance sheet evaluation by the prestigious Asian Banker Magazine. Speaking of the achievement, HNB MD/CEO Jonathan Alles stated: “There are a multiplicity of metrics which professionals utilize to gauge the success of a bank, because business is about numbers, but it is also about trust

ComBank adjudged Best Commercial Bank in Sri Lanka by International Banker Magazine – UK

ComBank adjudged Best Commercial Bank in Sri Lanka by International Banker Magazine – UK »

1 Oct, 2019

The Commercial Bank of Ceylon has been declared the ‘Best Commercial Bank Sri Lanka 2019’ by the International Banker Magazine, a prestigious UK publication that prides itself on authoritative analysis of international banking operations.

DFCC Bank join hands with Gateway Graduate School to offer an exclusive loan facility to students

DFCC Bank join hands with Gateway Graduate School to offer an exclusive loan facility to students »

28 Sep, 2019

DFCC Bank, the Bank for Everyone offers special education loan packages, providing end-to-end financial solutions suited for individuals seeking to pursue higher education programs locally or internationally. Offering flexible repayment options coupled with competitive interest rates,

Amana Bank Declares Interim Dividend

Amana Bank Declares Interim Dividend »

25 Sep, 2019

AmanaBank, having paid its inaugural dividend in 2018, has now announced an interim dividend for the Financial Year 2019. The total dividends of over Rs.200 million, translating to 8 cents per share, is scheduled to be paid on 11 October 2019.

Commercial Credit introduces student loans for APIIT students

Commercial Credit introduces student loans for APIIT students »

25 Sep, 2019

The Asia Pacific Institute of Information Technology (APIIT) Sri Lanka, one of the leading private institutions providing quality higher education, has launched an Education Loan Scheme in partnership with Commercial Credit and Finance PLC. The scheme was launched to provide a viable solution to meet the higher education aspirations of youth in Sri Lanka.

Curious, Inventive & Spirited – The HNB Team

Curious, Inventive & Spirited – The HNB Team »

25 Sep, 2019

Hatton National Bank PLC (HNB) was recognized as a winner in the Top Workplaces in Asia category of the Asia Corporate Excellence & Sustainability Awards (ACES) 2019.

Cargills bank appoints Ranjit Page as Chairman

Cargills bank appoints Ranjit Page as Chairman »

25 Sep, 2019

Cargills Bank Ltd. announced the appointment of Ranjit Page as the Chairman of the Bank with effect from September 19, 2019. Louis Page, the founder Chairman of the Bank, retired on reaching 70 years of age in line with CBSL regulations.

BOC Nana Jaya 2018 Scholarships Awarding Ceremony to be held at BMICH.

BOC Nana Jaya 2018 Scholarships Awarding Ceremony to be held at BMICH. »

25 Sep, 2019

BOC’s Nanajaya Scholarship Awards 2018, a worthy initiative of the Bank of Ceylon aimed to empower country’s youth, is set to award to deserving youth in the country in a ceremony scheduled to be held at the Bandaranaike Memorial International Conference Hall (BMICH) Colombo on Friday, September 27th 2019.

HNB once again takes top honors at CMA Integrated Reporting Awards 2019

HNB once again takes top honors at CMA Integrated Reporting Awards 2019 »

18 Sep, 2019

At the recently concluded Excellence in Integrated Reporting Awards 2019, Sri Lanka's leading private-sector commercial bank, HNB, once again delivered notable performance, ranked among the Ten Best Integrated Reports for 2019.

ComBank reaches out to Angunakolapelessa farmers with financial literacy seminar

ComBank reaches out to Angunakolapelessa farmers with financial literacy seminar »

16 Sep, 2019

The efforts of the Ceylon Commercial Bank to enhance financial literacy among micro-entrepreneurs recently reached Angunakolapelessa in the district of Hambantota, when the Bank, in collaboration with the Sri Lanka Central Bank, held a seminar for growers of vegetables, paddy and maize in the area.

Nations Trust Bank opens a new branch in Kalutara

Nations Trust Bank opens a new branch in Kalutara »

16 Sep, 2019

The Nations Trust Bank has recently expanded its reach at No.340, Galle Road, Kalutara, with its newest branch in Kalutara, expanding its branch network to 96 locations across the island. Senior bank officials, clients, and other dignitaries attended the opening ceremony to mark the inauguration.

Cargills Bank, Janashakthi Life’s relationship with co-branded credit cards is strengthened

Cargills Bank, Janashakthi Life’s relationship with co-branded credit cards is strengthened »

6 Sep, 2019

Strengthening the partnership between two of the country's major local corporations, Cargills Bank and Janashakthi Insurance PLC

DFCC Bank plans for digital transformation

DFCC Bank plans for digital transformation »

6 Sep, 2019

DFCC Bank, one of the fast-growing commercial banks in Sri Lanka

NDB is paving a 40-year financial journey

NDB is paving a 40-year financial journey »

3 Sep, 2019

NDB Bank is celebrating its 40th anniversary, marking four centuries of unparalleled engagement and innovation, from the origins of the Bank's growth to the growth of people, families, companies, and society.

Ceylinco Life reports 6-month net income of Rs 14.7 billion

Ceylinco Life reports 6-month net income of Rs 14.7 billion »

3 Sep, 2019

Ceylinco Life recorded net income of Rs 14.7 billion in the first quarter of 2019, an rise of 10.55 percent over last year's respective period as a consequence of investments that yield remarkable yields and a fair growth record of premium revenue.

DFCC Bank recognized at the Global Karlsruhe Sustainable Finance Awards in Germany

DFCC Bank recognized at the Global Karlsruhe Sustainable Finance Awards in Germany »

3 Sep, 2019

DFCC Bank, one of Sri Lanka’s fully-fledged commercial banks in Sri Lanka, was recently recognized at the Global Sustainable Finance Awards 2019 in Karlsruhe, Germany. Bagging a Certificate of Merit for Outstanding Sustainable Project Financing for the 7th consecutive year, DFCC Bank was acknowledged for its effort in “Financing Municipal Solid Waste to Electricity Project”, further demonstrating the bank’s sustainable corporate strategy.

Amãna Bank Continues Partnership With Facets 2019 As Official Banker

Amãna Bank Continues Partnership With Facets 2019 As Official Banker »

31 Aug, 2019

Amana Bank has joined hands for the third consecutive year with the Sri Lanka Gem and Jewellery Association to be the official banking partner for their annual showpiece exhibition Facets 2019.

ComBank at Kotte School encourages creative computer coding

ComBank at Kotte School encourages creative computer coding »

29 Aug, 2019

The Commercial Bank of Ceylon recently recognized five groups of students from President’s College, Kotte, who created coded, real-world applications in miniature form, after following a foundation course in computer programming supported by the Bank.

Despite rising difficulties, ComBank improves profits in Q2

Despite rising difficulties, ComBank improves profits in Q2 »

23 Aug, 2019

The Commercial Bank Group has reported operating profit before impairment charges and taxes of Rs 19.476 billion for the first half of 2019, a 9.45% increase over the same period of 2018.

Janashakthi Life’s powerful double-digit growth trajectory remains in Q2 2019

Janashakthi Life’s powerful double-digit growth trajectory remains in Q2 2019 »

23 Aug, 2019

Leading Sri Lankan Life Insurer, Janashakthi Insurance PLC (Janashakthi), recorded impressive year on year growth of 20% in Gross Written Premium (GWP) for the six months ended 30th June 2019, ending the period with a GWPof Rs. 1.74 billion.

Amãna Bank recorded growth of 29% in Q2 PAT

Amãna Bank recorded growth of 29% in Q2 PAT »

22 Aug, 2019

Financial News from Sri Lanka: To close the quarter with a bottom line of Rs 162.2 million, the Amãna Bank achieved

Nations Trust Bank records Rs 1.4 billion PAT

Nations Trust Bank records Rs 1.4 billion PAT »

21 Aug, 2019

Volatile economic conditions which prevailed in the country and affected many key economic sectors since the second half of 2018, continued into 2019 as well, impacting the financial performance of many businesses.

HNB signs agreement with Indra Traders for leasing packages

HNB signs agreement with Indra Traders for leasing packages »

19 Aug, 2019

HNB PLC and Indra Traders have teamed up to offer leasing packages for all unregistered cars and Foton trucks made available by the local automobile giant.In the presence of HNB's Deputy General Manager, Retail Banking, Sanjay Wijemanne and Head of Personal Financial Services, Kanchana Karunagama and Indra Trader's Sales and Marketing Director, Hashindra Silva, Assistant General Manager, Mahesh Palihakkara and Sales Manager Saleela Rajapaksha, the agreement was signed at HNB Towers.

Double win for ComBank at Sri Lanka Best Employer Brand Awards

Double win for ComBank at Sri Lanka Best Employer Brand Awards »

19 Aug, 2019

The Ceylon Commercial Bank won two awards at the 2019 Sri Lanka Best Employer Brand Awards recently presented by the World Human Resource Development (HRD) Congress for' Brand Excellence in Banking' and Best Corporate Social Responsibility Practices.The awards recognized Commercial Bank for its powerful brand presence in and outside Sri Lanka and highlighted the Bank's significant contributions to the nation through ongoing and impactful work on Corporate Social Responsibility (CSR).

AIA colored base hospital in Mahiyanganaya

AIA colored base hospital in Mahiyanganaya »

19 Aug, 2019

AIA headquarters staff and North and East Regional Offices traveled to Mahiyanganaya to provide the 50-year-old Mahiyanganaya Base Hospital with a fresh coat of paint and a clean-up.

Passara District Hospital promotes the Commercial Bank.

Passara District Hospital promotes the Commercial Bank. »

8 Aug, 2019

Commercial Bank CSR Trust, carried out through the Passara Branch of the Bank, saw the installation at the Passara District Hospital of a complete water treatment plant that had previously received water polluted with agrochemicals and waste materials.

DFCC maintains a steady course despite turbulence

DFCC maintains a steady course despite turbulence »

6 Aug, 2019

Core business of DFCC Bank posted a profit before tax of LKR 2,056 million and profit after tax of LKR 1,588 million for the period ended 30 June 2019 compared to profit before tax of LKR 2,373 million and profit after tax of LKR 1,837 million in the comparative period. After accounting for the one-off fair value loss on Commercial Bank of Ceylon PLC shares transferred to the trading portfolio,

Bank of Ceylon celebrated its 80th anniversary at its Head Office

Bank of Ceylon celebrated its 80th anniversary at its Head Office »

6 Aug, 2019

On 1 August 2019, the Bank of Ceylon celebrated its 80th anniversary at its Head Office –the iconic "BOC Tower," starting with a ceremony featuring all four religions to invoke blessings on the bank. The ceremony took place at the BOC Tower's first floor with the participation of the bank's Acting Chairman, Kumar Mayadunne, P A Schaffter Director BOC, Senarath Bandara General Manager / CEO, members of the Bank's Corporate and Executive Management, a distinguished group of clients and well-wishers, and BOC employees.

Bank of Ceylon Lake House branch celebrates 80th anniversary

Bank of Ceylon Lake House branch celebrates 80th anniversary »

5 Aug, 2019

A special ceremony to mark the 80th anniversary of the Bank of Ceylon was held at the Bank’s Lake House Branch under the patronage of Branch Manager K.A.P. Jayasinghe on August 1. Members of Lake House (ANCL) Management including General Manager Abhaya Amaradasa Company Secretary Kumudu Gunawardena and Cash Department Manager Ajith Fernando were present on the occasion.

Commercial Credit & Finance is moving to a fresh place

Commercial Credit & Finance is moving to a fresh place »

1 Aug, 2019

The commercial credit and finance PLC recently moved its Ambalantota office to a larger location in the city's heart. The relocated branch was opened by K.D's senior executive. Sanath Sujeewa was followed by regional manager Havidu Balasooriya.

Seylan Bank is relocating the branch of Badureliya

Seylan Bank is relocating the branch of Badureliya »

1 Aug, 2019

Seylan Bank has moved its Badureliya branch to a more comfortable facility with the recent banking facilities in reaction to the requirements of integrated banking facilities. The fresh branch will be available from 9 a.m. at Rathnapura Road, Badureliya.

ComBank has been awarded five prizes for Asian Banking & Finance.

ComBank has been awarded five prizes for Asian Banking & Finance. »

26 Jul, 2019

In its 2019 Asian Banking and Finance Awards, the Commercial Bank of Ceylon continued the winning row of its year, receiving five prizes, two in the category "Wholesale Banking Awards," two in the category ' Retail Banking Awards' and one in the category ' Business & Investments Banking Awards.'

All microfinance organizations are subject to fresh legislation

All microfinance organizations are subject to fresh legislation »

26 Jul, 2019

A totally fresh Credit Regulatory Authority Act is being introduced by the Central Bank of Sri Lanka (CBSL) to tackle present problems faced by the nation's unaccountable micro-finance agencies (MFIs).

The 80th Anniversary Branch in Gampaha opens BOC, a landmark

The 80th Anniversary Branch in Gampaha opens BOC, a landmark »

25 Jul, 2019

The Banco of Ceylon (BOC), which has taken Gampaha Branch to its new location as the Commemoration Branch for the 80th anniversary, has reached yet another milestone, providing clients with more comfort.

NDBIB won Euromoney prize from Lanka’s Best Investment Bank

NDBIB won Euromoney prize from Lanka’s Best Investment Bank »

25 Jul, 2019

For the year 2019, the NDB Investment Bank (NDBIB) again won the prestigious Euromoney prize of the "Best Investment Bank in Sri Lanka." This marks the eighth consecutive victory for NDBIB, one of any investment bank's longest winning lines and coincides with Euromoney magazine's 50.

At ShilpaSena exhibition, ComBank is setting up a Math Lab

At ShilpaSena exhibition, ComBank is setting up a Math Lab »

24 Jul, 2019

A math lab established by the Commercial Bank of Ceylon on the Shilpa Sena Fair for four days was a significant attraction for learners from many age groups at the request of the Sri Lanka Accreditation Committee for Conformity Assessment (SLABCC).

For 1H-19 Union Bank registers Rs 297 mn of PAT

For 1H-19 Union Bank registers Rs 297 mn of PAT »

24 Jul, 2019

In the context of challenging market circumstances that have tested business resilience across all industries, Union Bank found a powerful first half of the year with an important development in key bank income, with resultants before all taxes of Rs. 849 million.

HNB Assurance PLC opens the market at CSE to celebrate S&P SL 20 Entry

HNB Assurance PLC opens the market at CSE to celebrate S&P SL 20 Entry »

23 Jul, 2019

HNB Assurance PLC rang the opening bell at the Colombo Stock Exchange (CSE) today. The ceremony was organized to celebrate the inclusion of HNB Assurance PLCin the S&P SL20 Index following the 2019 mid-year index review.

Ayubo.life insurance partners Janashakthi give ‘ Live Life ‘

Ayubo.life insurance partners Janashakthi give ‘ Live Life ‘ »

20 Jul, 2019

In partnership with leading lifestyle, health and fitness app Ayubo.life, Janashakthi Insurance PLC presents a preventive way to make clients travel well with the innovating ' life solution.

ComBank Q+ is launched by the Commercial Bank –

ComBank Q+ is launched by the Commercial Bank – »

19 Jul, 2019

ComBank Q+–the first Quick Response (QR)-based payment application to be introduced under LANKAQR–has been initiated by the Commercial Bank of Ceylon. This creates history by bringing new technology to customers ' life.

Possible tax breaks in Sri Lanka, primary policy not relaxing argument: the head of CBSLSL

Possible tax breaks in Sri Lanka, primary policy not relaxing argument: the head of CBSLSL »

18 Jul, 2019

He told reporters in Colombo after the announcement of the monthly monetary policy that government revenue fell with higher expenditure opening doors for a possible tax slip. The Monetary Council decided to keep policy interest rates at its present level at its recent monetary policy conference.

Easy payment plans for holders of ComBank Credit Card

Easy payment plans for holders of ComBank Credit Card »

17 Jul, 2019

The Commercial Bank of Ceylon has partnered with 35 major travel agents to give a purse-easy travel experience to bank credit card holders by buying airline tickets through the Easy Payment Plans (EPP) of the Bank. Credit cardholders can now buy their airline tickets and convert the payment to an EPP, a service that enables cardholders to pay from a variety of payment plans in equal monthly installments of their choice. This promotion will be accessible until the end of June 2020.

SDB bank signs MoU with SOALA Commercial Equipment

SDB bank signs MoU with SOALA Commercial Equipment »

15 Jul, 2019

SDB bank and SOALA Commercial Equipment (Pvt) Ltd entered into a Memorandum of Understanding (MoU) to offer financial solutions for SOALA commercial equipment customers wishing to expand their businesses. The MoU was signed by the Chief Executive Officer of SDB bank Thilak Piyadigama and Founder and Managing Director of SOALA Commercial Equipment (Pvt) Ltd – Chaminda Abeygunasekara.

The 37th AGM of MBSL is highly significant

The 37th AGM of MBSL is highly significant »

10 Jul, 2019

At the Galadari Hotel in Colombo in the presence of 300 shareholders, the Merchant Bank of Sri Lanka and Finance PLC (MBSL) held its 37th Annual General Meeting on 25.06.2019.

Merchant Bank of Sri Lanka mCash partners

Merchant Bank of Sri Lanka mCash partners »

10 Jul, 2019

An exchange between the Chief Executive Officer of Nalin Perera, Mobitel and Jude Gamalath Chair of MBSL and Finance for the partnership agreement is to be concluded.

HNB deals with the worldwide Spider Man screening: Far From Home

HNB deals with the worldwide Spider Man screening: Far From Home »

10 Jul, 2019

HNB has partnered in a collaboration with Sony Pictures and hosted Sri Lanka's most customer-friendly bank, Spider-Man: Far from Home for social media enthusiasts, a sophisticated corporate screening of the highly expected sequel to blockbuster.

ADB is providing US$ 160 million for the enhancement project on rail effectiveness

ADB is providing US$ 160 million for the enhancement project on rail effectiveness »

9 Jul, 2019

Asian Development Bank ADB is a powerful Sri Lankan development partner since 1966. In an effort to shift Sri Lanka's Ferrovial into the future, the Bank will provide the US $160 million in support of the rail efficiency enhancement project. According to Sri Widowati, the country director for ADB in Sri Lanka, debates have concluded regarding the suggested project and ADB hopes that the project will soon be approved by the Sri Lankan Government.

‘Miles on the Fly’ Crazy Jets.com

‘Miles on the Fly’ Crazy Jets.com »

8 Jul, 2019

The first instant-rewarded plan based on the air miles traveled by the Sampath card holders valid until 31 July 2019 was introduced by Crazyjets.com with Sampath Bank. Crazyjets.com's' Fly Miles ' provides a discount equivalent to a straight line distance of miles from the departure and arrival airport to Sampath Cardholders.

Finance Asia’s ComBank ‘ Best SL Bank ‘

Finance Asia’s ComBank ‘ Best SL Bank ‘ »

8 Jul, 2019

For the fifth time in the FinanceAsia Country Awards, the Commercial Bank of Ceylon lately got its coveted Best Bank of the Year award in Sri Lanka. Prins Perera, deputy general manager of the Treasury, accepted the prize on behalf of the Bank was depicted at the case held at St. Regis Hotel, Hong Kong.

UK Council NDB awards candidates ‘ English for Teaching ‘

UK Council NDB awards candidates ‘ English for Teaching ‘ »

8 Jul, 2019

NDB and the British Council lately granted more than 190 promising applicants for "English for Teaching" instruction at the DHPL / NDB Audience in Nawam Mawatha, a publication from government schools in ten areas. The teachers were from Government Schools from regions in Ampara, Trincomalee, Anuradhapura, Badulla, Eheliyagoda, Gampaha, Hatton, Matara, Vavuniya, and Yakarawatta.

The People’s Bank has ATM installed in Seruvavila Mangala Raja Maha VIharaya

The People’s Bank has ATM installed in Seruvavila Mangala Raja Maha VIharaya »

3 Jul, 2019

Recently in Seruvavila Mangala Raja Maha VIharaya a People's Bank Automated Teller Machine (ATM) was installed and opened. It enables users, on all seven days of the week and 365 days of the year, to withdraw cash 24 hours a day.

Fitch confirms 5 financial businesses in Sri Lanka ; reviews the MIF view to negative »

2 Jul, 2019

Fitch Ratings has updated and confirmed the MIF to Negative from Stable Outlook on Mercantile Investment and Finance, PLC. At the same time, Fitch confirmed its ratings on  –Central Finance Company PLC (CF)–LB Finance PLC (LB)–Senkadagala Finance PLC(Senka)–Leasing and financing firms (PLC)–People's Finance PLC(PLC) Sri Lanka's financial firms have been reviewed regularly by Fitch. At the end of this rating action commentary, there is a complete list of rating actions.

DFCC Bank offers benefits for vehicle permit holders

DFCC Bank offers benefits for vehicle permit holders »

1 Jul, 2019

DFCC Bank is expanding advantages for vehicle permit holders in its recent offering. In addition to offering zero margins and concession commission for Letters of Credit (LCs), DFCC provides financing help through customized personal loan schemes for permit holders, unique insurance packages through its insurance partners, and 0 percent insurance premium installment plans through DFCC credit cards.

Sampath Bank completes 100% percent rights issue subscriptions.

Sampath Bank completes 100% percent rights issue subscriptions. »

1 Jul, 2019

Sampath Bank announced in a stock exchange filing that the Board of Directors was effective in allocating all the stocks remaining unsubscribed at the close of the Company's rights issue.

Team NSB Carrom wins twin awards

Team NSB Carrom wins twin awards »

26 Jun, 2019

NSB carrom players Yohan Sampath and Asela Soysa bagged double title at the recently concluded Nationalized Services Novices Tournament.

ComBank starts accepting LankaPay-JCB cards

ComBank starts accepting LankaPay-JCB cards »

25 Jun, 2019

Ceylon's Commercial Bank has become one of the first banks in Sri Lanka to accept co-branded LankaPay JCB

BOC opens new branch in Laggala Green Town

BOC opens new branch in Laggala Green Town »

13 Jun, 2019

The Ceylon Bank joined the newly constructed Laggala Green Town, replacing the ancient town submerged in the Moragahakanda Kalu Ganga reservoir project.

The 2018 ACCA Sustainability Awards for Union Assurance

The 2018 ACCA Sustainability Awards for Union Assurance »

10 Jun, 2019

Union Assurance emerged as the Winner in the Finance Services and Insurance Category at the ACCA Sri Lanka Sustainability Reporting Awards 2018 held on May 30. This is the 15th consecutive year that ACCA has organized this event and the 11th instance that UA was recognized for sustainable business practices. 

NDB holds Blood donation campaign

NDB holds Blood donation campaign »

10 Jun, 2019

NDB partnered with the Nation Blood Bank to host a special blood donation campaign last week. The blood donation campaign organized by the NDB Staff Recreational Club (SRC) was held on May 30 and saw a massive response of volunteers among the Bank’s staff eager to donate a pint.

DFCC iConnect to facilitate employee EPF payments

DFCC iConnect to facilitate employee EPF payments »

30 May, 2019

The biggest testimony to the credentials of DFCC Bank as the industry leader in pioneering FinTech solutions in the banking and

Fitch upgrades the National Long Term ratings of Union Bank

Fitch upgrades the National Long Term ratings of Union Bank »

27 May, 2019

Fitch Ratings Lanka has upgraded the National Long-Term Ratings of Union Bank to ‘BBB-(lka)’ from ‘BB+(lka)’ with a Stable Outlook.

Cargills Bank Appoints A New CCO

Cargills Bank Appoints A New CCO »

21 May, 2019

Cargills Bank announced the appointment of Darshana Ratnayake as its Chief Commercial Officer (CCO) with effect from May 2019.

ComBank Retain ‘Social Media Brand of the Year’ award

ComBank Retain ‘Social Media Brand of the Year’ award »

16 May, 2019

For the Second Consecutive year, the Commercial Bank of Ceylon was awarded the ‘Social Media Brand of the Year 2019’ at the 8th Global Customer Engagement Forum & Awards in Mumbai, sharing the honor with joint Gold winner Switzerland Tourism.

Nations Trust Bank with increasing non-performing loans.

Nations Trust Bank with increasing non-performing loans. »

14 May, 2019

Nations Trust Bank’s performance during the quarter ending March 31, 2019, reflected a continuation of the issues witnessed in the previous few quarters with increasing non-performing loans and moderation of credit growth.

HNB Group Records an Outstanding Profit Before Tax

HNB Group Records an Outstanding Profit Before Tax »

14 May, 2019

Recently, Hatton National Bank posted a profit before tax of Rs 3.3 billion and a profit after tax of Rs 2 billion for the first quarter of 2019, despite all the market challenges

People’s Bank Secures International Awards.

People’s Bank Secures International Awards. »

3 May, 2019

People’s Bank was recently bestowed with two prominent awards on the global banking platform. The first prestigious award as the ‘Best Retail Bank in Sri Lanka’, Digital Bank in Sri Lanka’ and ‘The Most Improved Retail Bank in the Asia Pacific, Middle East and Africa’

Seylan Bank a Year on Year Growth.

Seylan Bank a Year on Year Growth. »

3 May, 2019

A steady start was made in 2019 by Seylan Bank posting a Profit after Tax of Rs. 903 Million in Q1 despite less than ideal market conditions.

Nation Trust Banks, Prioritizes Human Resources

Nation Trust Banks, Prioritizes Human Resources »

2 Apr, 2019

The launch of Nations Trust Bank’s Employee Trust Proposition is to be launched today (2nd April 2019) with an objective of being a leader in Human Resource Management.

Commercial Bank Continues Its Winning Streak By Receiving Awards.

Commercial Bank Continues Its Winning Streak By Receiving Awards. »

1 Apr, 2019

Continuing its winning streak the Commercial Bank of Ceylon has won two more international awards – ‘Best Internet Bank – Sri Lanka’ and ‘Best Green Bank – Sri Lanka

People’s Bank Wins Two Coveted Awards Due to Exceptional Customer Service

People’s Bank Wins Two Coveted Awards Due to Exceptional Customer Service »

23 Mar, 2019

At the recently conducted SLIM-Neilson People’s Awards 2019, People’s Bank was bestowed with the ‘People’s Service Brand of the Year’ and ‘People’s Banking Service Provider of the Year.

BOC Awarded ‘Best HR Organization to Work for’ for the Second Year.

BOC Awarded ‘Best HR Organization to Work for’ for the Second Year. »

21 Mar, 2019

Once again the Bank of Ceylon was recognized as the “Best HR Organizations to Work for” by the HRD Congress at the Taj Lands End, Mumbai, India in February 2019, for this was the second consecutive year.  

Bank Of Ceylon’s Relocated Katunayeke Branched, Commences For Operations.

Bank Of Ceylon’s Relocated Katunayeke Branched, Commences For Operations. »

13 Mar, 2019

The Katunayake IPZ Branch, of Bank of Ceylon, was relocated to a new premise recently, as it was considered a strategic move to add more convenience for customers in the area. Therefore, the opening ceremony took place with the participation of many important personalities.

A New Chairman of the National Savings Banks Appointed.

A New Chairman of the National Savings Banks Appointed. »

8 Mar, 2019

A Senior Banking Professional with over 40 years of experience in the banking industry, J. Chandrasekera assumed duties as Chairman of the National Savings Bank yesterday.

Union Assurance Records An Improved Growth Of GWP’s

Union Assurance Records An Improved Growth Of GWP’s »

7 Mar, 2019

In a challenging operating environment, Union Assurance PLC (UA) recorded an encouraging 11% growth in Gross Written Premiums (GWP).

Profit after tax in

Cargills Bank Expands Network For Greater Customer Convenience.

Cargills Bank Expands Network For Greater Customer Convenience. »

22 Feb, 2019

A growing digitally driven financial entity, Cargills Bank reiterated its commitment to true digitization of Banking with the opening of three new Digizones in Colombo.