All operations of the Kollupitiya Hatton National Bank (HNB) branch have been shut down for 14 days after COVID-19 has been checked positively by a parent of a staff member of the specific branch, the bank said.
Keeping in line with the Government’s directive of declaring Insurance as an essential service, HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) implemented a number of measures with immediate effect to serve its customers.
On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is supporting a joint initiative with SANASA Insurance to provide Sri Lankan farmers with online farming insurance facilities that would eliminate the need for rural farming communities to visit an insurance company or for an agent to visit a farm.
HSBC, the largest international bank in Sri Lanka, said yesterday it is offering a range of relief measures for its personal and corporate customers given the challenges presented by the ongoing novel-Coronavirus (“COVID-19”) pandemic.
Within the backdrop of a curfew, the government has declared banking as an essential service in the country, enabling the public to meet their essential needs.
President Gotabaya Rajapaksa has instructed commercial bank heads to keep their branches open as required. It is a measure for facilitating trade and other important activities, the Media Division of President said.
Environmental degradation occurs daily in Sri Lanka on a wide and unprecedented scale. Citizens face numerous issues due to environmental pollution with no proper mechanism to bring this to the attention of the relevant authorities.
The staff of Pan Asia Bank has come together in support of a worthy cause under the banner ‘Day of Charity’ that is aimed at putting books on the hands of underprivileged children living across Sri Lanka.
HNB Finance underscored its credentials in the digital realm with an imperious performance at the SLT Zero One Awards, sweeping gold awards for the Overall Best Website or Microsite as well as the Best Digital-Integrated Campaign and Best Website or Microsite from the financial sector.
Seylan Bank continues to widen their credit card offerings with the recent unveiling of their VISA Signature Credit Card. This launch marks the beginning of their journey to embark within the premier credit card market.
Sri Lanka Insurance (SLI) in support of the Government initiative to prevent the spreading of Covid 19 virus has launched a series of initiatives to provide a safe continuous service to its customers.
HNB Assurance PLC and its fully owned subsidiary HNB General Insurance Limited will honor all claims both life and medical related to COVID-19.
Being an organization deeply committed to protect the health and wellbeing of its policyholders; Union Assurance PLC, has taken several measures to serve its customers during this Covid19 outbreak.
The 17th Annual Inter Branch / Department Quiz programme organized by International Banking Division was successfully held at the Golden Rose, Boralesgamuwa recently with the participation of 102 teams. The objective of the quiz was to enhance the overall knowledge of the Bank’s staff.
Sri Lanka’s Safest Bank the National Savings Bank (NSB) celebrates 48 years of excellence in Banking on March16, amidst great fanfare and in a unique fashion bringing value to the nation.
In celebration of International Women’s Day 2020, Sampath Bank is making efforts to do their part for the women of Sri Lanka by partnering with a number of leading hospitals, offering all Ladies 1st account holders a series of discounts and services.
CDB emerged runners up at the recently concluded ACCA Sri Lanka Sustainability Reporting Awards in the Finance Service & Insurance Category for the year 2019. Having previously won the accolade for 4 consecutive years, CDB continues to strengthen their mark as one of the top five non-banking financial institutions in Sri Lanka.
Seylan Bank came on board as the Official Banking Partner for the Lanka Property Show 2020– Sri Lanka’s largest property show which was recently held at the Kingsbury Hotel, Colombo. The show was organized and hosted by LankaPropertyWeb; Sri Lanka’s leading Real Estate website for the 4th consecutive year.
Bank of Ceylon’s mobile payment application ‘SmartPay’ won two awards at Sri Lanka Telecom’s Zero One Awards ceremony held recently at the Shangri-La Hotel in Colombo.
Union Assurance PLC, Sri Lanka’s first private Life Insurance company in operation for over 30 years, has unveiled a bold new identity. Portraying a new logo and pay-off line, Union Assurance’s strategic transformation marks a new beginning as it adopts a fresh outlook and a compelling value proposition in the Life Insurance industry.
In view of the International Women’s Day, People’s Bank organized a special commemorative ceremony at the People’s Bank headquarters branch with the participation of Mr. Sujeewa Rajapakse – Chairman, People’s Bank, Mr.M.A.Bonniface Silva- Acting CEO/GM, Members of the Corporate and Executive Management.
National Savings Bank Katuwana Branch was open recently at the “Citro” Building, Urubokka Road, Katuwana. Minister of Mahaweli, Agriculture, Irrigation and Rural Development, Minister of Internal Trade, Food Security, Consumer Welfare and State Minister of Defence, Chamal Rajapaksa graced the occasion as Chief Guest.
Bank of Ceylon won the “People’s Banking Service Provider of the Year” at the SLIM Nielsen Peoples Awards 2020. This prestigious event is all about what the “the True voice of Sri Lanka” has to say about a brand.
In line with the country’s Payment Systems Road Map, DFCC Bank took yet another step in its journey to become a digitally enabled bank with the launch of its DFCC Pay App and processing of Merchant transactions through android based Point of Sales (POS) machines.
HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) recorded robust financial results for the year ended 2019, posting a Profit After Tax (PAT) of Rs. 1 billion, recording a Gross Written Premium (GWP) of LKR 9.9 BN.
NDB Bank launched the first in the market SME Co–Branded Credit Card with Sri Lanka Telecom PLC. SLT is a leading Digital Service Provider in Sri Lanka. The Company is also the major provider of ICT networks and services for top enterprises representing all economic sectors and facilitates them with seamless and sophisticated connectivity to carry out local and global business operations.
Sri Lanka’s leading private sector bank, HNB PLC announced a renewed partnership with domestic automotive giants, Indra Traders, to offer exciting leasing packages for all unregistered vehicles and Foton trucks.
Your heartbeat Vs the Nation’s heartbeat?”-the theme of the SLIM Nielsen People’s Awards could not have expressed it better. Bank of Ceylon is the “People’s Banking Service Provider of the Year” at the SLIM Nielsen Peoples Awards 2020.
Seylan Bank honoured their best performing employees at the Bank’s Annual Sales Awards 2019 which was held recently at Cinnamon Grand. The annual Sales Awards recognises and appreciates employees for their outstanding business performance and dedication towards achieving advanced levels of professional performance during the year 2019.
The school that has a proud history with the oval ball is set to tackle its centenary year of playing the game of rugby in 2020. Royal College takes pride in being one of the leading schools that has produced winning teams over its 100 years in the game.
Seylan Bank continues to redefine the norms of customer convenience; introducing smoother, faster and easier than ever before bill settlements for Seylan Bank credit cards at Cargills Food City outlets.
The Commercial Bank of Ceylon and Toyota Lanka (Pvt) Ltd., have joined forces to offer special prices, reduced interest rates and attractive other benefits to customers leasing Toyota cars and pickup trucks.
Orient Insurance Limited, one of the fastest growing general insurance companies in Sri Lanka, opened yet another fully-fledged branch in Panadura, situated on Galle Road, Pinwatte, Panadura.
Expert financial planner NDB Wealth will continue its long-standing tradition of celebrating International Women’s Day on March 8, 2020, focusing on financial independence for women which is becoming a crucial and widely accepted factor in the empowerment of women.
Amãna Bank ended 2019 financial year on a strong footing to record a resilient performance, whilst rewarding shareholders with an above-market dividend yield, despite the headwinds the country and its economy had to go through.
The Commercial Bank of Ceylon recently donated an Activated Clotting Time (ACT) machine and 20 syringe pumps to the Children’s Heart Centre of the Lady Ridgeway Hospital in Colombo to be used in three Cardiac Theatres and two Intensive Care Units.
Union Bank symbolically rang the market opening bell at the Colombo Stock Exchange (CSE) to mark its 25th anniversary, as part of a series of events organized by the Bank to celebrate this significant milestone.
Sri Lanka’s most innovative bank, HNB PLC, celebrated International Women’s Day (IWD) 2020 with a special announcement for all women looking to establish or expand their business.
Wealth can only be truly enjoyed by sharing it with others. This is one of the fundamental inspirations behind the pioneering efforts of Nations Trust Bank Private Banking to create and offer Sri Lanka’s first ever “Philanthropic Management Account”.
Seylan Bank is known to be driven with a strong desire towards progressive knowledge sharing and transformation. As a bank with a heart working towards a goal to uplift and encourage visionary entrepreneurs in the country, they recently concluded “Development of Visionary Entrepreneur” an interactive SME workshop in Kandy.
Sri Lanka's leading private sector bank HNB PLC, will power the 86th Battle of the Saints annual cricket encounter between St. Joseph's College and St. Peter's College, as the platinum sponsor for the second consecutive year.
Reaffirming DFCC Bank’s role as a leading player in the banking industry, DFCC was ranked 18 amongst Business Today’s Top 30 Corprates in Sri Lanka for year 2018/2019.
‘Anagi’ Women’s Savings Account holders of the Commercial Bank of Ceylon can enjoy discounts ranging from 10% to 50% when making purchases via their Debit Cards this March, consequent to the Bank tying up with 30 merchants island-wide to mark International Women’s Day, celebrated on 8th March.
Sampath Bank has been reaffirmed as one of Sri Lanka’s best performing companies by being ranked among the Business Today Top 30.
Business News: Nations Trust Bank closed the financial year 31st December 2016 with a post-tax profit of Rs.2,869Mn, up by 10%
Union Bank demonstrated a healthy performance amidst the challenging macro-economic environment in the year 2019, recording a significant increase of 50% in profit after all taxes.
The Bank of the People, People’s Bank signed an agreement with Sri Lanka Insurance (SLIC), to streamline & strengthen businesses of both parties through state of the art People’s Corporate Digital Solutions.
Inscribing another milestone in the history of People’s Bank Digital transformation Journey, a new self service school banking unit with NFC-enabled Cash Deposit Machine (CDM) was inaugurated at Royal College, Colombo on 26th February 2020.
Commercial Bank of Ceylon PLC (Commercial Bank) rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) today to celebrate its 100-year anniversary. The event was a part of a series of initiatives conducted by the bank to celebrate this significant milestone.
HNB PLC weathered external headwinds in 2019 to post Rs 15 Bn in Group Profit After Taxes (PAT) and Rs 14 Bn in Bank PAT and remains the best capitalized bank in the sector.
Business News: HNB PLC secured the No. 1 ranking on the prestigious ‘Business Today Top 30’, further consolidating on a remarkable
Seumi Fernando, Manager- Learning & Development of Pan Asia Banking Corporation PLC was conferred the prestigious ‘Most Fabulous Global Training and Development Leaders Award’ at the World HRD Congress 2020 for her outstanding contribution in the realm of Learning and Development.
The Commercial Bank Group ended 2019 with the performance milestone of gross income surpassing Rs 150 billion for the first time, but substantially higher impairment charges and the impact of a full year of Debt Repayment Levy (DRL) in a year the Bank describes as “difficult for the Bank and the country,” saw declines in profit indicators.
National Savings Bank (NSB) has launched a unique Creating Social Value (CSV) campaign on 8th February 2020 at the historic Attangalla Raja Maha Viharaya ushering in a new chapter to NSB’s quest to add value to the society under the auspices of its new Chairperson, Mrs. Keshila Jayawardene.
The Commercial Bank of Ceylon has won the ‘Decade of Excellence’ Award for Retail Banking in Sri Lanka at the 10th edition of the annual awards of the prestigious UK publication Global Banking & Finance Review.
LAUGFS International (Pvt) Ltd, the trading arm of LAUGFS Holdings, recently relocated to a brand new showroom located in Kohuwala. Located at No. 24, Sunethradevi Mawatha, Kohuwala, the new showroom provides a spacious and easy-to-access venue to better serve their loyal customers.
Owing to the resounding success and overwhelming customer response it has had in the previous years, Amãna Bank has once again introduced its highly rewarding Children’s Savings Grow Your Balance Gift Fiesta for the year 2020.
Pan Asia Banking Corporation PLC, “the Truly Sri Lankan Bank” ended 2019 Q4 with its best financial results ever, to report a Post Tax Profit of Rs.726.84 million during the final quarter, recording an impressive growth of 58% demonstrating its resilience amidst challenging conditions.
Nations Leasing from Nations Trust Bank introduces yet another pioneering first for Sri Lanka in the digital front, with the revolutionary “Nations On-site Leasing’ proposition”. The new offering is a dream come true for vehicle buyers and sellers alike, enabling the completion of the full lease process at the vehicle sales point, potentially enabling new owners to drive away on the same day.
Seylan Bank emerged runners up in the banking sector at the ACCA Sri Lanka Sustainability Reporting Awards 2020, which concluded recently.
Sampath Bank’s Board of Directors has recommended a final cash dividend of Rs 11.75 per share to be paid for the financial year ended 31st December 2019 subject to the approval of the shareholders at the Annual General Meeting to be held on 30th March 2020. The dividend payout ratio for the year ended 31st December 2019 is over 40%.
Seven members of team Seylan Bank has been rewarded by MasterCard for its excellent performance in promoting the Seylan Freedom Credit Card during a two-month promotional period.
Deutsche Bank announced it is investing in Sri Lanka and launching a major push into the corporate client market, with the rollout of a new digitally-enhanced foreign exchange (FX) platform.
NDB Bank recently joined hands with Trinity College, Kandy for the first time as the official sponsor of Trinity Rugby 2020 as well as the official sponsor for the 76th Bradby Shield. Trinity College, Kandy has a rich and proud history in Rugby. Trinity took up Rugby in 1906 and is the only School to continue playing rugby to date.
As the bank with a heart, driven with a strong desire towards progressive knowledge sharing and transformation, Seylan Bank recently concluded “Divunuwata Saviyak”, a knowledge-sharing workshop for potential entrepreneurs interested in the export sector. The event was held at the Full Moon Garden Hotel in Katunayake recently.
Pan Asia Bank, recently introduced yet another novel concept internally to enhance employee engagement coinciding with the Valentine’s Day.
Commercial Bank of Ceylon Chairman Mr Dharma Dheerasinghe was the Chief Guest and keynote speaker at ‘New Horizons’ – a special programme organised by the Kuwait Chapter of Sri Lankan Chartered Accountants to promote Sri Lanka as a land of opportunities.
The Bank of Ceylon felicitated two thousand Grade 5 scholarship highflyers of 2019 recently with a scholarship worth Rs.15,000/- each, encouraging students to pursue their education diligently.
In appreciation of the significant contribution of women towards enriching the many lives around them, Amãna Bank has once again launched its “Ladies Shopping Bonanza” promotion for its Ladies Savings Debit Card holders.
Union Bank announced the re-launch of latest Union Bank BizDirect+ proposition which is enhanced with new features for better performance and convenience of clients.
Special prayers were offered at the Dewatagaha Mosque at C. W. W. Kannangara Mawatha, Colombo 7 recently to mark the 100th anniversary of the Commercial Bank of Ceylon.
Sri Lanka’s No. 1 bank, BOC recently joined hands with Sri Lanka’s National Mobile Service Provider, Mobitel, to deliver convenience to Mobitel customers in making digital payments through QR (quick response) code based payment solution, SmartPay.
Hindu religious observances including Abhisheka poojas were conducted at Sri Kailasanathar Devasthanam, Maradana in February, to invoke blessings on the country as well as on the customers and staff of the Commercial Bank of Ceylon and their families as part of the Bank’s celebration of its 100th anniversary.
Cargills Bank recently announced the launch of its newly crafted fixed-deposit scheme tailored towards minors, with an aim to encourage and inculcate the habit of long-term savings among children, as well as adults.
Bank of Ceylon expanded its 24 hour banking services to Kalutara Police Training School and Open University of Sri Lanka- Nawala, recently. These strategic expansions took place with the aim of providing added convenience of banking to trainees/ students, staff members and to the general public in those areas.
Already earmarked the long weekends for 2020 and planning your getaways for the rest of the year? Are you looking to head to the hills for cooler climates? Perhaps a family reunion by a lagoon or a long overdue visit to Sigiriya? Or would you like to island hop amidst turquoise seas in the Maldives in April or indulge in a street food feast in Thailand in May?
Pan Asia Bank’s Rising Fixed Deposit – the unique two year FD allows depositor to benefit from market interest rate increases even during the tenure of the deposit while safeguarding him/her from any downward trends in market interest rates.
Success of Union Bank. We will celebrate our transformational journey of growth with a series of events throughout the year, which was inaugurated with the religious ceremonies held recently. The future of Union Bank is exciting and we invite our stakeholders to benefit from the multi-dimensional growth of the Bank in the coming years.”
Commemorating the country’s 72nd Independence Day, Amãna Bank recently launched its Independence Day celebrations under the theme ‘Let us stand together under one flag towards enabling growth and enriching lives’.
A Mass of Thanksgiving was celebrated at the Infant Jesus Church, Colombo 2 recently as the second religious ceremony to mark the 100th anniversary of the Commercial Bank of Ceylon and its forerunners. The mass was conducted by Rt. Rev. Dr. J.D. Anthony Jayakody, Auxiliary Bishop of the Archdiocese of Colombo.
Consistently winning recognition and rewards for its visionary and progressive Human Resource (HR) strategies, DFCC Bank was recently recognized yet again as one of the ‘Top 20 Employers in Sri Lanka’ employing the highest number of Chartered Institute of Management Accountants (CIMA)Sri Lanka Members in their respective organizations.
Pan Asia Bank’s Rising Fixed Deposit – the unique two year FD allows depositor to benefit from market interest rate increases even during the tenure of the deposit while safeguarding him/her from any downward trends in market interest rates.
Commemorating 72nd National Day, the head office and all People’s Bank branches organized Independence Day Celebrations Island wide. The National Day celebration at the People’s Bank head office was held under the patronage of the People’s Bank Chairman Sujeewa Rajapakse and Chief Executive Officer/General Manager Rasitha Gunawardana.
Seylan Bank PLC was accorded a “Special Recognition Award” by its USD correspondent Wells Fargo Bank, N.A, for the year 2018/2019. The accolade was awarded for Seylan Bank’s operational excellence and efficiency in the global payment community consisting of Trade and Remittances.
Sri Lanka's most innovative private sector bank HNB PLC, once again consolidated its reputation for banking excellence when it bagged the Best Retail Bank in Sri Lanka and Best Micro Finance Bank in Sri Lanka Awards for the second consecutive year at the International Finance Awards 2019.
Responding to increased customer demand and in line with its fast-paced expansion drive, HNB Finance moved its Gampaha branch to a new office premises to offer multi-faceted financial solutions to customers. Located at 103, Bauddhaloka Mawatha, Gampaha this state of the art establishment is also the new home to the famed HNB Finance Gold Loan facility.
Revolutionizing the Sri Lankan Banking and Financing industry for over eight decades, Bank of Ceylon, initiated paradigm shift through Fintech innovation to reach new heights of banking through digital technology.
Commercial Development Company PLC, a subsidiary of the Commercial Bank of Ceylon was awarded the title of ‘Asia’s Most Trusted Company’ in the Real Estate category in Sri Lanka for 2019 by International Brand Consulting Corporation of USA, a multinational business consulting and market research firm.
Confirming DFCC Bank’s role as a leading player in the banking industry, Fitch Ratings re-affirmed the Bank’s rating as AA-(lka). With a heritage of 65 years DFCC Bank, is one of the oldest development banks in Asia that possesses a strong inheritance in the banking sector.
Continuing on its mission to improve educational facilities in schools lacking adequate infrastructure and facilities, Pan Asia Bank’s northern area branches recently came together to conduct CSR projects in 3 schools located in the region.
Driving forward its agenda to assist young Sri Lankans build up a resilient savings habit, the country’s premier retail bank, HNB PLC, announced the launch of an all-new, revamped Student Savings Unit at one of Colombo’s most hallowed educational institutes, St. Benedict's College Kotahena.
The Commercial Bank of Maldives (CBM), a subsidiary of the Commercial Bank of Ceylon PLC, has been honoured with the award for ‘Excellence in Finance’ in the Banking and Finance category at the 2019 Maldives Business Awards in just its third year of operation.
Amãna Bank recently opened its nineteenth Self Banking Centre at Hill Street, Dehiwala under the patronage of its Head of Deposit Mobilization Arshad Jamaldeen alongside the customers and staff of the Bank.
Pan Asia Bank which has earned a strong reputation for its novel leasing solutions has introduced “7 Year Leasing” yet another novel leasing option that offers unique benefits to customers.
Sampath Bank relocated its Narammala Branch to a more spacious and easy to access premises located at No. 140, Negombo Road, Narammala recently.
As the bank with a heart with a continuous objective to inculcate the habit of saving within children- This New Year Seylan Tikiri new school term campaign comes with exciting, exclusive gift schemes and attractive promotional offerings for both existing and new Tikiri account holders.
Sampath Bank relocated its Katugastota off-site ATM previously located at No. 274/A, Katugastota Road, Kandy to No. 253 & 249/7, Katugastota Road, Kandy
Accelerating the momentum of its Corporate Social Responsibility (CSR) projects in the arena of Education which forms a key pillar in its sustainable operations strategy, Pan Asia Bank branches in the North Western region recently conducted several impactful CSR projects.
Encouraging a savings habit in school kids, DFCC Bank is the Platinum sponsor of the S. Thomas’ Preparatory School ‘Prep Night Walk & Fun Fair 2020’ to be held on 1st February 2020.
The Commercial Bank of Ceylon has launched a new and a unique Savings Account designed exclusively to support the youth at one of the most decisive phases of life with special benefits that can help advance their aspirations, and to also reward achievements.
Amãna Bank recently opened its 18th Self Banking Centre at Kalubowila to further its reach and facilitate its customers with around the clock real-time cash deposits.
With a mission to empower and foster the growing financial needs in the country for charitable organizations, Seylan Bank joined hands with LEADS to enable multi currency donation acceptance for the first time in Sri Lanka.
As part of assisting Sri Lankan youth to excel as young scientists at global level, Bank of Ceylon has sponsored five Sri Lankan students who won Bronze medals at the 16thInternational Junior Science Olympiad-(IJSO 2019) last December. The IJSO 2019 was held in Doha, Qatar from 3rdto 12thof December 2019.
The Commercial Bank of Ceylon celebrates 100 years of banking in Sri Lanka and in its citizens, and a century of indispensable support to the national economy in 2020, and has begun its centenary year with a staff gathering of unprecedented scale.
DFCC Bank PLC, Sri Lanka’s fully-fledged, dynamic commercial bank recently opened its doors to a state-of-the-art call center in the bustling suburb of Malabe. This contact centre can have over 100 dedicated agents capable of engaging with Customers.
mãna Bank and MegaPay (Pvt) Limited recently concluded an agreement to facilitate public donations to Amãna Bank OrphanCare Trust.
Amãna Bank recently joined hands with EDEX Nenapahana, the CSR arm of EDEX Expo, as the main sponsor to support the EDEX underprivileged schools outreach program.
A special ceremony was organized to commemorate the festival of Thai Pongal at the of People’s Bank Kotahena branch under the patronage of Chief Executive Officer/ General Manager of People's Bank Mr.Rasitha Gunawardena.
Encouraging Sri Lankan expatriates to remit their hard earned money, securely back to their families whilst assisting to improve the country’s foreign remittance inflow, BOC’s “Pita Pita Rata Thegi” raffle draw was held at the Bank’s Head Office recently, to give away valuable prizes at its provincial draw.
Cargills Bank selected the top five customers who have made the best use of the Cargills Bank 15% Cashback offer with Cargills Food City (CFC) and enjoyed the highest savings during the promo period from August 2018 to December 2019
Nations Trust Bank American Express launches its wellness campaign, heralding the new year. The brand campaign underscores personal and financial wellbeing, encouraging and empowering its Card Members to live a well-rounded life to the best of their capabilities.
DFCC Bank, the bank for everyone opened 20 new branches in key locations, Islandwide within a span of 30 days last month which is a remarkable milestone.
Marking yet another organizational milestone, Seylan Bank has been ranked number 1 in the banking category by LMD for customer service excellence.
The Commercial Bank of Ceylon recently conducted ‘WomEntrepreneur,’ the first programme by the Bank in collaboration with the Women’s Chamber of Industry & Commerce (WCIC) exclusively for women entrepreneurs engaged in small and medium enterprises (SMEs), with emphasis on steering a ‘vision towards sustainable business.’
Amãna Bank recently opened its 17th Self Banking Centre at Wattala to further its reach and facilitate its customers with around the clock real-time cash deposits. The new Self Banking Centre, located at No. 697 Negombo Road, Wattala was opened by the Bank’s Head of Retail Advances Ramakrishnan Kirubakaran along with the customers and staff of the Bank.
Nations Trust Bank MasterCard and Classic Travel have partnered to introduce the new Nations Trust Bank MasterCard Classic Travel USD Travel Card, which is a prepaid travel card that provides efficient and secure foreign currency management services to corporate and individual travellers. This card is a new addition to the Prepaid Travel Card range offered by Nations Trust Bank.
The Bank of Ceylon expanded its branch network to Andigama and Weerapokuna with added convenience of 24 hour enabled digital banking facilities to the residents of those areas.
People’s Bank ceremoniously welcomed its newly-appointed Chairman Sujeewa Rajapakse, to his new role from 8th January 2020. The Senior Chartered Accountant and a Past President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will steer People’s Bank into a new era to fulfill the aspirations of citizens as the bank that is ‘The Bank of the People’ while aligning its goals to meet the vision of the new Government of Sri Lanka.
Sri Lanka’s most digitally innovative bank, HNB, announced another major milestone in its technological evolution with the bolstering of its Information Systems to reach ISO 27001:2013 certification – the highest applicable standard for information security globally.
The Commercial Bank of Ceylon has announced the launch of its latest card product, a Prepaid Travel Card to improve customer experience and convenience when travelling overseas.
Sri Lanka’s leading private sector bank HNB PLC will kick off for the third consecutive year as the ‘preferred banker’ to the Colombo Rugby & Football Club (CR&FC). The new agreement will lock in all of the club’s transactions through the bank. HNB cardholders will have an advantage of a range of benefits, including discounts on bills.
The Commercial Bank of Ceylon recently donated 21 laptop computers to visually-handicapped university students, in response to a request by the ‘Centre for Sight’ of the Kandy Teaching Hospital’s Department of Ophthalmology,the institution that handles ophthalmic disorders and helps visually handicapped students to gain admissions to universities in Sri Lanka.
NDB recently appointed the Citizens Development Business Finance PLC (CDB) to their distribution network as an agent of the Bank for Western Union money transfer Service.
Amãna Bank recently opened its sixteenth Self Banking Centre at Siyambalagaskotuwa under the patronage of its Vice President Operations – Imtiaz Iqbal alongside customers and staff of the Bank.
The Commercial Bank of Ceylon was recently presented the ‘Excellent Green Commitment Award’ for the Banking Sector for 2019 by the Green Building Council of Sri Lanka (GBCSL), the country’s leading authority on implementing green concepts and green building practices.
The Chairman, the senior management and the staff of Pan Asia Bank ceremonially welcomed the New Year at its Head Office in Colpetty on the 1st January 2020, the first working day for the year 2020.
The Bank of Ceylon wishes all its customers, stakeholders and Sri Lankans a Very Happy New Year as it commences its operations for “2020-New Year”. The main event was held at BOC Tower - its Head office in Colombo with a multi-religious ceremony to invoke blessings on the Staff of the Bank, all its customers and all Sri Lankans in general.
Cargills Bank and Mastercard recently concluded the jointly organized ‘Excellence Awards – Cards 2019’ together with a knowledge sharing forum at Hilton – Colombo. The event was held under the patronage of Rajendra Theagarajah, CEO/MD of Cargills Bank Limited and Santosh Kumar, Country Manager for Mastercard Sri Lanka to recognize and reward individuals and teams for outstanding performances in Card Sales for 2019.
With a heritage as a premier development bank in Sri Lanka, DFCC Bank; the Bank for Everyone is now a full-service commercial bank that offers a gamut of products and services catering to the Sri Lankan population island-wide.
Business News Update: The Central Bank has permitted Axis Bank Ltd. and ICICI Bank Ltd. to close down their business operations in Sri
Ringing in the season, DFCC Bank has taken the initiative to decorate and light up Colombo city for the season of joy. It doesn’t feel like December until the roads are lit and the city is sparkling in Christmas cheer.
Amãna Bank recently opened its sixteenth Self Banking Centre at Maligawatte under the patronage of its Head of Human Resources - Farhan Refai alongside customers and staff of the Bank.
The Commercial Bank of Ceylon, the private bank with the largest branch and ATM network operation in the country, recently opened a branch in Madampe in the Puttalam District, bringing its branch count in Sri Lanka to 268 and its ATM count to 865 terminals at the close of 2019.
Spreading the word of joy during the Christmas season, Union Bank held a Carols program at the St. Andrew’s Scots Kirk Church in Colombo recently. The Carols were presented by the Union Bank staff members and the event was attended by staff and their families.
The Commercial Bank of Ceylon has launched ‘ComBank RemitPlus’ – a Remittance App to enable those who use the Bank’s remittance services to conveniently access remittance-related information and services.
Amana Bank recently opened its 31st branch in Panadura under the patronage of its Senior Vice President - Treasury & Financial Institutions Pharis Jazeel and Vice President – Operations Imtiaz Iqbal, alongside the Bank’s staff, invitees and customers.
Nations Trust Bank Private Banking has always been the gold standard for affluent segment banking propositions in Sri Lanka, offering members the most exclusive and bespoke banking experience.
The Christian Guild of People’s Bank brought seasonal cheer to a large audience as the Annual Christmas Carols were held for the 41st consecutive year on a grand scale at the People’s Bank Headquarters Branch recently.
Pan Asia Bank, demonstrating its commitment to the well being of pensioners, recently conducted another “Sammana Garu Saru” carnival in Kurunegala. “Sammana” Garusaru” carnival is yet another first of its kind in the industry introduced by Pan Asia Bank which also happened to be the bank that first introduced a special loan scheme dedicated exclusively for government pensioners.
Nations Trust Bank PLC successfully concluded a landmark US$33.5 million Syndicated Term Loan facility for Bayswater Maldives (Private) Limited, a joint venture between Sanken Overseas (Private) Limited, Singapore Hospitality Holdings Pte Limited and HIMA Holdings (Private) Limited.
Amana Bank has recently adjudged the IRBA Social Responsible Bank of the Year 2019 in recognition for the Bank’s flagship CSR venture Amana Bank OrphanCare.
The 2018/2019 Annual Report of Sarvodaya Development Finance Limited (SDF), a licensed Finance Company approved by the Central Bank of Sri Lanka (CA Sri Lanka), won the Gold award at the 55th Annual Report Awards competition organised by the Institute of Chartered Accountants of Sri Lanka held at the Shangri-La Hotel, Colombo recently.
Amana Bank has joined hands with MegaPay (Private) Limited, the operators of Pay&Go kiosks to become the first bank in Sri Lanka to enable its customers the convenience of depositing money to their accounts through Pay&Go Kiosks located islandwide, without any additional charges.
Facilitating access to a diverse range of value-added services and products at discounted rates with bundled free services for its valued leasing and home loan customers, HNB announced the launch of the Prestige Prime credit card.
Pan Asia Bank Mawanella Branch celebrated its 3rd Anniversary in a unique and a meaningful way by organizing a Blood Donation campaign. The Blood Donation Drive which was held at the branch premises on 16th December 2019 was completely organized by all the staff at Mawanella Branch who worked tirelessly to ensure that the event was a success.
Facilitating access to a diverse range of value-added services and products at discounted rates with bundled free services for its valued leasing and home loan customers, HNB announced the launch of the Prestige Prime credit card.
More than 100 dairy farmers in the Mulliyawalai area in the Mullaitivu District benefitted from a Financial Literacy and Entrepreneurship Development programme conducted recently by the Development Credit Department of the Commercial Bank of Ceylon, in collaboration with the Central Bank of Sri Lanka.
Bank of Ceylon's quiz team became the first runners-up at the inaugural Compliance quiz organized by the Association of Banks ' Compliance Officers in Sri Lanka (ACOB) at its ' Compliance at the Speed of Thought ' quiz.
LAUGFS Gas PLC emerged victorious at the recently held 55th Annual Report Awards held by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), securing the coveted Gold Award in the Power & Energy sector.
Access Engineering PLC, once again emerged victorious at the Best Corporate Citizens Sustainability Awards 2019 ranking among the Top 10 best corporate citizens along with the tribute for the construction sector award.
The Commercial Bank of Ceylon has launched a new salary savings account for upwardly-mobile executives under the Bank’s ‘Achiever’ brand, offering benefits including salary advance facilities as well as loans and leasing facilities at lower interest rates.
The 55th Annual Report Awards Ceremony organized by Chartered Accountants of Sri Lanka once again recognized Bank of Ceylon for the Albert A Page Memorial Award as it was adjudged for the Gold Award winner in the State Bank Category for its 2018 Annual Report “The Icon of Trust”.
Bank clinches the special award for overall excellence in annual financial reporting. Sri Lanka’s leading private sector bank HNB PLC bagged two silvers and a bronze, a total win of three awards at the recently concluded Chartered Accountants of Sri Lanka’s 55th Annual Report awards.
The Commercial Bank of Ceylon has launched pre-paid cards that can be topped up with funds online and can be used for different or specific purposes while allowing their users to better manage spending and enjoy minimal exposure to risk.
Citizens Development Business Finance PLC (CDB) has been recognized among the ten best corporate citizens for the third time at the Best Corporate Citizen Sustainability Awards 2019, recently hosted by the Ceylon Chamber of Commerce.
People’s Leasing & Finance PLC (PLC), the benchmark company in Sri Lankan leasing and non-bank finance landscape was recognized as one of the top 10 best Corporate Citizen in Sri Lanka, at the recently concluded ‘Best Corporate Citizen Sustainability Award - 2019’ for the 7th time. PLC also was recognized as the winner in Community Relations Category at the Awards.
The Senior Deputy General Manager of Pan Asia Bank Mr. Naleen Edirisinghe was the Chief Guest at the opening ceremony and Mr. Harsha Kurukulasuriya – Assistant General Manager Operations & Administration was the guest of honor.
K Seeds Investments has identified LB Finance as the best performing Finance Company among the 31 listed Finance Companies in Sri Lanka through a ranking carried out considering their performance in the second quarter of 2019
Union Bank recently revealed the Bank’s seasonal credit cards discount scheme that offers up to 50% savings at over 100 merchant partner outlets island-wide.
Pan Asia Bank recently held a felicitation ceremony to recognize 44 of its long-standing staff members who have served the bank for over 10 years. Among those who were felicitated, there were 10 staff members who have completed 20 years, 15 staff members who have completed 15 years and 19 staff members who have completed 10 years.
Nations Trust Bank American Express has partnered with the Dutch Hospital Shopping Precinct for the 7th consecutive year to celebrate the end of year festive season and the Dutch Hospital’s 8th anniversary.
The season is upon us. The weather is cooler; there is an ever-present soft breeze all around, and the smell of breeder is almost in the air. It’s that time of the year again - time to revel in the joy of Christmas!
The Commercial Bank of Ceylon has been crowned the ‘Bank of the Year’ 2019 in Sri Lanka by The Banker Magazine of the UK, the longest-running international banking publication in the world.
NDB Bank was honored at the “Best Corporate Citizen Sustainability Award 2019” as a Top Ten Best Corporate Citizen, at the annual event organized by the Ceylon Chamber of Commerce, to recognize sustainable champions of the local corporate sphere.
Sri Lanka's most respected retail bank, HNB PLC continued to win prestigious acclaim for its efforts in driving a more sustainable banking and corporate culture, this year winning a total of 7 awards at the recently concluded Ceylon Chamber of Commerce (CCC) Best Corporate Citizen Sustainability Awards 2019 (BCCSA).
Business News Update: The Commercial Bank of Ceylon’s commitment to People, the Planet and Profit – the three pillars of sustainability
Sri Lanka’s most popular retail bank, HNB PLC, announced the launch of an expanded set of offers – this time including discounts up to 70% from a selection of over 200 of the most popular merchants island-wide – just in time for the start of the festive season.
Pan Asia Bank’s Rising Fixed Deposit – the unique two year FD that allows depositor to benefit from market interest rate increases even during the tenure of the deposit while safeguarding him/her from any downward trends in market interest rates.
Subdued economic conditions that prevailed in the country affected many key economic sectors impacting the financial performance of many businesses. Amidst rising NPLs, increased credit cost and moderation of credit growth, the Group pre-tax profits recorded a 2% increase over the previous period.
DFCC Bank PLC recently entered into a breakthrough partnership with one of the oldest and most established corporate entities in the Maldives, Cyprea Group of Companies, for a dual-tranche bilateral term loan, together with trade finance and guarantee facility. This landmark transaction is the single largest bilateral deal arranged by DFCC Bank to-date.
Significant improvements in the third quarter, which positively impacted its year-to-date performance, have enabled the Commercial Bank Group to post creditable results for the nine months ended 30th September 2019.
Paving the way for tomorrow’s bright stars, the Bank of Ceylon’s “Ran Kekulu Scholarships 2019” in calling for applications from Grade 5 scholarship achievers who have obtained highest marks in 2019 Grade 5 scholarship examination.
Amana Bank has showcased resilience by recording a 9 month Profit After Tax of Rs 431.0 million in 2019, in line with Rs 430.0 million that was achieved during a relatively favorable economic environment in the corresponding period of 2018.
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”.
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.
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 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 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 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.
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,
Business News from Sri Lanka:Discounts of up to Rs 50,000, lower installments and reduced interest rates for the purchase of
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.
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.
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”.
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.
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.
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 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.
‘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.
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
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.
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.
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.
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.
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.
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.
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
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, 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,
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.