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

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

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, produc

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

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

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 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. Fit

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.

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.

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

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, h

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.

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.

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

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 th

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.

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.

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.

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

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.

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 Touri

Sarvodaya Development Finance joined LankaPay Common ATM Network via LankaPay hosted solution recently, which consists of LankaPay Shared ATM Switch (SAS) and LankaPay Card Management System (CMS) with state-of-the-art technology. 

HONG KONG/LONDON (REUTERS): HSBC Holdings reported a jump in annual pre-tax profit that missed expectations and unveiled a plan to raise up to US$7 billion over the next four months to bolster its capital base, as the bank prepares for growth under a

Nations Trust Bank American Express recently conducted a very special programme that would let one platinum cardmember and companion experience the thrills of Dubai, the hospitality of Tokyo, the excitement of London, the wonders of Australia and the

Sampath Bank posted a profit after tax (PAT) of Rs 12.1 billion for the year ended 31st December 2017, a 32.7 percent YoY growth compared to Rs 9.1 billion recorded in the previous year. 

Amana Bank PLC reported an improved financial performance for the fourth quarter ended in December 2017 (4Q17), as Sri Lanka’s first non-interest based Islamic bank stretched its financing margin while modestly expanding its asset base. 

BUSINESS STANDARD: Public sector Indian Bank has undertaken initiatives to increase business at its overseas branches in Sri Lanka and Singapore, a top official has said.

Modest performance in core-banking operations, better margin management and fee incomes helped DFCC Bank PLC to beat the odds during the quarter ended December 31, 2017 (4Q17), the interim financial accounts released to the Colombo bourse showed.&nbs

Cargills Bank has partnered with TransferTo, a leading cross-border mobile payments network for emerging markets, enhance and strengthen its remittance services offered by the bank. 

NDB Leasing recently entered into an agreement with United Motors Lanka PLC to jointly promote a special leasing package exclusively for Fuso lorry cab and chassis, tippers, and Rosa buses.