Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka Branch’s (SCBSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable.

In line with its commitment to caring for its customers and adding greater value to their lives, Sampath Bank announced that is distributing over Rs.100 million in medical benefits to Sampath Sanhinda Saver account holders.

National Asset Management Limited (NAMAL), the leading Unit Trust management company in Sri Lanka with widespread experience in domestic and international capital markets, moved to a new office premises located at No.7 Glen Aber Place, Colombo 3.

Fitch Ratings has affirmed Sri Lanka-based National Insurance Trust Fund Board’s (NITF) National Insurer Financial Strength Rating (IFS) and National Long-Term Rating at ‘AA-(lka)’. 

The Commercial Bank of Ceylon was named among the ‘Top Companies in Asia’ and the ‘Top Green Companies in Asia’ at the 2017 Asia Corporate Excellence and Sustainability (ACES) Awards that honour and showcase Asia’s fines

OpenArc, the leading software company and an IT campus headed by Daya Hettiarachchi, recently signed an agreement with Abans Finance, to replace the entire software solution implemented by OpenArc at Abans Finance many years ago, with its brand-new c

Vallibel Finance is proud to be named both ‘Sector Winner’ of the Finance and Leasing Sector and ‘Most Respected Finance/Leasing Company’ in the Lanka Monthly Digest’s – LMD’s Most Respected Rankings 2017.&nb

The Prime group has launched its financial arm – Prime Finance PLC.

The Colombo Stock Exchange has recorded a growth of 6.5 percent so far during the year 2017. Initially the growth momentum was predominantly driven by foreign investors and at present local participation is increasing steadily. The local investor con

Pan Asia Banking Corporation PLC recorded modest performance during its third quarter as well as for the first 9 months amid challenging macro economic factors including higher interest rates, slowdown in demand for new loans and increase in provisio

A modest growth in loans and judicious portfolio management appear to have helped Seylan Bank PLC to post relatively better performance in the September (3Q17) quarter, the interim financial accounts filed with the Colombo Stock Exchange showed.

People’s Insurance PLC announced the relaunch of its insurance brand recently. Backed by its parent companies – the People’s Bank and the People’s Leasing Finance PLC – the People’s Insurance has shown tremendous g

Sri Lanka’s most innovative bank, HNB PLC, announced the partnership with Ideal Motors (Pvt.) Ltd to continue its promotion of Mahindra vehicles in Sri Lanka. 

Maldives President Abdulla Yameen introduced the Mastercard Passport Card to the cabinet ministers at his office recently.

Multi Finance PLC (MFP), one of the country’s earliest established financial institutions, is ushering in a new era of digitized financial services, following its acquisition by the real estate development giant, Fairway Holdings. 

Goyo, Sri Lanka’s trendiest fitness app and wearable, inspiring Sri Lankans towards realistic fitness goals, now offers all Sampath credit cardholders amazing discounts. 

Last month, Visa Country Manager for Sri Lanka Anthony Watson travelled 1,168 kilometres around the country on a three-wheeler in the pursuit of going cashless and raising funds for charity as part of the 2017 Pimp My Tuk Tuk challenge.

Fitch Ratings has assigned Bank of Ceylon’s (BOC,AA+(lka)/Stable) proposed Sri Lanka rupee-denominated Basel III-compliant subordinated unsecured debentures an expected national long-term rating of ‘AA(lka)(EXP)’. The debentures, to

HNB Grameen Finance Limited recently appointed two directors to their board with the objective of further strengthening the company. 

Demonstrating its credentials as a progressive and customer-centric insurer, Janashakthi Insurance trail blazed its new Janashakthi Full Option ‘High Speed Claim’ service product whereby its Full Option motor insurance policy holders can

The Board of Directors of Union Bank of Colombo PLC announced the appointment of Atul Malik as Chairman of the bank with effect from 25th October 2017. 

Sampath Bank is poised to revolutionize the financial industry with a banking robot that works in the form of a humanoid teller.

The Commercial Bank of Ceylon recently received the Global Finance award for Sri Lanka’s Best Bank in 2017 at an awards ceremony at the National Press Clubin Washington DC during the IMF/World Bank Annual Meeting. 

Seylan Bank introduced an exciting draw scheme named ‘Ethera kasi methra wasi’ for its remittance customers partnering with the global remittance services such Express Money, RIA, Speed cash and Unistream to name a few.

Nations Trust Bank PLC (NTB) recently launched Sri Lanka’s first innovation centre in the financial sector, named ‘Kaffeine Lab’ located at Gregory’s Road, with the first initiative being Sri Lanka’s first ever fintech h

In an affirmation of the strength of its financial standing, People’s Leasing Company’s (PLC) annual report for 2016/17 ‘Collective Moments’, recently won top honours at the 31st ARC Awards International held in  Tokyo Ja

The Commercial Bank of Ceylon PLC has emerged the Strongest Bank in Sri Lanka in 2017, according to the Asian Banker magazine, and has once again been ranked among the 500 strongest banks in the Asia Pacific region on Balance Sheet evaluation.

Mastercard announced that it will be opening up access to its Blockchain technology via its API published on Mastercard Developers.

Pan Asia Bank and the Global Climate Partnership Fund (GCPF) have closed a new US$13 million facility agreement.

Building on an agreement signed last February, HNB PLC announced a follow-up partnership with UnionPay International to enable ATM acceptance of UnionPay cards.