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Sat, 08 Aug 2020 Today's Paper

Financial News

LB Finance introduces CIM mobile wallet

29 Jan 2020 - 1     - 631

LB Finance launched its mobile wallet, ‘LB Cash-In-Mobile’ (CIM) with the aim of revolutionising the traditional cash payment habit among the Sri Lankans. CIM is essentially a smartphone app that functions as a digital wallet. In fact, it is a savings account, which sits inside your phone and functions as your wallet/purse. The company intends to make the CIM digital wallet an alternative for cash/currencies used for day-to-day low-value transac

Nations Trust Bank – Leading digital banking in Sri Lanka

06 Nov 2019 - 0     - 530

Nations Trust Bank (NTB) has been a pioneer in digital banking innovation in Sri Lanka since its inception. As a new entrant into an industry already dominated by giants in 1999, the bank used innovation, digital enablement and unparalleled customer experiences to stand out. Over the last 20 years, the bank has transformed itself into Sri Lanka’s most progressive and digitally savvy bank. We sat down with Nations Trust Bank Chief Digital Officer

BOC inaugurates ‘InnovBank’ int’l symposium to revolutionise future banking landscape

06 Nov 2019 - 0     - 263

Bank of Ceylon (BOC) recently inaugurated an international symposium on innovative banking titled ‘InnovBank’, commemorating the bank’s 80th anniversary, under the theme ‘Innovative Banking in a Smart World’.

Cargills Bank fosters senior citizens’ FDs with Cargills Food City

06 Nov 2019 - 0     - 352

Cargills Bank has introduced attractive interest rates for senior citizens’ fixed deposits mingled with dscounts on pharmaceutical purchases at Cargills Food City by partnering with Sri Lanka’s leading modern retailer, Cargills Foods Company (Pvt.) Ltd.

Tax anomaly needs immediate correction for greater benefit of public, company: HNBA CEO

01 Nov 2019 - 0     - 546

Following is an interview with HNB Assurance PLC (HNBA) CEO Deepthi Lokuarachchi, which is part of an interview series of S&P SL20 companies conducted by the Colombo Stock Exchange in partnership with Mirror Business.

‘BOC Digi’ opens at Marino Mall Colombo 3

01 Nov 2019 - 0     - 251

Bank of Ceylon’s state-of-the-art ‘BOC Digi Centre’ opens its fourth outlet at the mega shopping complex Marino Mall Colombo 3.

Vallibel Finance 2Q earnings up 10%

01 Nov 2019 - 0     - 56

Leading licensed finance company, Vallibel Finance PLC, saw its earnings for the September quarter (2Q20) improving to 10.4 percent year-on-year (YoY) to Rs.285.9 million amid the challenging operating environment that is prevailing in the country.

Cargills Bank shines with 3 awards at LankaPay Technovation Awards 2019

01 Nov 2019 - 0     - 116

Cargills Bank won three awards for the second year in succession at the recent LankaPay Technovation Awards 2019.

BOC opens new branch in country’s first green town

10 Jun 2019 - 0     - 419

The Bank of Ceylon entered the newly built Laggala Green Town, which replaced the old town that was submerged during the Moragahakanda Kalu Ganga reservoir project.

LVL Energy Fund records breakout financial performance

10 Jun 2019 - 0     - 204

LVL Energy Fund PLC surpassed its outstanding financial performance in the previous year, by posting profit after interest and tax of Rs.571 million in 2018/19, compared to Rs.439 million in the previous financial year, which reflects a formidable 30 percent growth.

LOLC Group concludes financial year strongly with Rs. 26 bn PBT

10 Jun 2019 - 0     - 659

LOLC Group releasing its year end results for 31 March 2019, registered another strong year to its stellar performance over the last decade.

Aitken Spence Turyaa Chennai awarded as ‘Best City Hotel’ at India Travel Awards

06 Jun 2019 - 0     - 320

Turyaa Chennai, part of the renowned Aitken Spence Hotels, was recognised at the recently held India Travel Awards 2019-South as the ‘Best City Hotel’, further strengthening its position as an industry leader extending the best in service, product and offerings.

Union Bank strengthens leadership team

06 Jun 2019 - 0     - 918

Union Bank announced the appointment of two new members to its leadership team recently.

Samantha Gunarathne appointed as Elyon Hotels COO

06 Jun 2019 - 0     - 190

Sri Lanka’s niche hotel operator, Elyon Hotels appointed industry veteran Samantha Gunarathne as its new Chief Operating Officer, recently.

Orient Finance – Building on strength and consistent customer trust

06 Jun 2019 - 0     - 237

In a world governed by uncertainties such as economic upheavals and unpredicted downturns, building customer confidence and meeting customer expectations remain key to success in financial markets.

Fitch upgrades Sri Lanka Insurance’s IFS to ‘B+’; Outlook Stable

06 Jun 2019 - 0     - 39

Fitch Ratings has upgraded Sri Lanka Insurance Corporation Limited’s (SLIC) Insurer Financial Strength (IFS) Rating to ‘B+’ from ‘B’. The Outlook is Stable. The Under Criteria Observation status on the IFS Rating has also been removed. Fitch has simultaneously upgraded SLIC’s National IFS Rating to ‘AAA(lka)’ from ‘AA+(lka)’ with a Stable Outlook.

ComBank slashes rates for ‘Biz Loans’ to encourage SME sector

30 May 2019 - 0     - 211

Commercial Bank of Ceylon has announced a reduction of interest rates relating toits ‘Biz Loans’ with a view tofurther supporting the small and medium businesses of the country.

DFCC iConnect to facilitate employee EPF payments

30 May 2019 - 0     - 125

The Central Bank of Sri Lanka recently signed an agreement with DFCC Bank to facilitate EPF payments online through DFCC’s iConnect Payments and Cash Management Portal.

HNBA New Business and Claims departments receive ISO certification

30 May 2019 - 0     - 93

The New Business Management Department and Life Claims Department of HNB Assurance PLC (HNBA) were certified with ISO 9001:2015.

Pan Asia Bank’s customer-centric banking ensures higher returns, accessibility and safety

30 May 2019 - 0     - 132

During the past few months, Sri Lanka has witnessed a rocky economic growth, influenced by unfortunate events that took place. These events took the spotlight away from the country’s booming tourism, retail/trade, banking and other sectors alike, hurting expected yields of growth, development and overall progress.

HNB partners Brown & Co. to offer agri equipment

29 May 2019 - 0     - 153

Sri Lanka’s premier financial solutions provider HNB PLC, announced a partnership with Brown and Company PLC to offer exclusive leasing packages on agricultural vehicles especially for customers in the SME and MSME sectors.

NTB Amex announces winner of ‘Pump Fuel and Win’ campaign

29 May 2019 - 0     - 147

Nations Trust Bank (NTB) American Express (Amex) recently concluded its ‘Pump Fuel and Win a Trip to see Northern Lights in Iceland’ campaign with the presenting of the award to the winner Lahiru Pathmalal.

RDB appoints Development Assistants

29 May 2019 - 0     - 183

The Regional Development Bank (RDB) appointed 304 employees to fulfill the Development Assistant position at a ceremony held at the auditorium of the Ministry of Finance with the presence of Finance Minister Mangala Samaraweera as chief guest, on May 22, 2019.

HSBC launches int’l banking services for Lankan students planning to study overseas

29 May 2019 - 0     - 421

At any given time there are close to 19,000 Sri Lankan students overseas on higher education. HSBC Sri Lanka, leveraging its international connectivity and capabilities, has come up with a unique proposition, becoming the first bank in the country that offers a full range of services to this segment.

MBSL Kuliyapitiya Leasing Wahanapola concludes successfully

29 May 2019 - 0     - 100

The Merchant Bank of Sri Lanka and Finance PLC (MBSL), affiliated with the Bank of Ceylon, has launched a vehicle sales promotion programme named Leasing Wahanapola.

ComBank wins ACEF ‘Social Media Brand of the Year’ award for second year

16 May 2019 - 0     - 158

The Commercial Bank of Ceylon has been adjudged the ‘Social Media Brand of the Year 2019’ for the second consecutive year at the 8th Global Customer Engagement Forum & Awards in Mumbai, sharing the honour with joint Gold winner Switzerland Tourism.

NDB Ran Naya waives off one month interest

16 May 2019 - 0     - 122

NDB’s Ran Naya Pawning service now offers customers one month interest free for all pawning transactions held for more than six months.

Pan Asia Bank’s 1Q19 growth moderates amid slower loans, higher taxes

16 May 2019 - 0     - 144

Pan Asia Banking Corporation PLC reported lower profits for the quarter ended March 31, 2019 (1Q19) amid higher taxes and negative growth in the lender’s loan books, the interim financial accounts released to the Colombo Stock Exchange showed.

HNB launches ‘Solo’ eWallet digital payment system

16 May 2019 - 0     - 414

Laying the foundation for a comprehensive digital payment ecosystem in Sri Lanka, the country’s most innovative bank, Hatton National Bank PLC, announced the launch of its own digital wallet and payment app, HNB Solo.

NTB’s Foreign Currency Investment Plan ensures stable returns: Senior VP

16 May 2019 - 0     - 201

For the first time in Sri Lanka it is now possible to plan your financial future in a stable foreign currency with Nations Trust Bank’s newly introduced Foreign Currency Investment Plan.

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