The Sri Lankan delegation to the World Economic Forum (WEF) in Davos, Switzerland, led by Prime Minister Ranil Wickremesinghe, held talks with Standard Chartered Bank Chairman Jose Vinals yesterday in Davos. Pic by Pradeep Pathirana

Fitch Ratings Lanka Limited (Fitch) has affirmed National Development Bank PLC (NDB) a Long Term Issuer Default Rating (IDR) of A+ (lka) with an Outlook Stable pursuant to Fitch’s revised its ratings followed by its periodic review. 

Fitch Ratings has affirmed the AAA (lka) national long-term rating to NSB with Stable Outlook following their periodic review of the large banks peer group which was announced by the Fitch recently. 

HNB GP Micro Finance programme was involved in a further project of extending finances for small businesses in Urubokka of Southern Province in partnership with Citi Bank Sri Lanka Branch and Ceylon Chamber of Commerce under a special project titled

Sri Lanka’s benchmark private sector bank is offering recipients of remittances the chance to win a veritable treasure trove of 101 gifts – a car, four scooters, 12 LED TVs and 84 cash prizes in its exciting ‘Gedarata Thégi&r

REUTERS: HSBC will move staff responsible for generating around a fifth of its UK-based trading revenue to Paris following Britain’s exit from the European Union, Chief Executive Stuart Gulliver said yesterday.

The Association of International Certified Professional Accountants (AICPA) has voiced its strong opposition to a plan by South Africa’s Independent Regulatory Board for Auditors (IRBA) to implement mandatory audit firm rotation (MAFR).  

Credit cards have now become a common mode of transaction for many, and are becoming increasingly dependent on more than one credit card. 

Commercial Leasing & Finance PLC (CLC) takes another step in the journey towards providing optimal customer convenience and satisfaction in the ever evolving business world where value creation is shifting from the conventional brick and mortar s

The insurance industry was able to achieve a growth of 16.97 percent in terms of overall gross written premium (GWP), at the end of the third quarter of 2016, recording an increase of Rs.14,823 million when compared to the same period in the year 201

Credit cards can be a vital tool in managing one’s personal financials and its popularity has grown tremendously in recent times aided by attractive seasonal promotions offered by most credit card issuers. Unfortunately,

DFCC Bank’s newest fully-fledged branch opened its doors in Wennappuwa to enhance access for customers in the area.

De La Rue Lanka is celebrating its successful accreditation by the external auditors to the Central Bank standard of ISO 14298. This is a fantastic achievement for the site and follows the completion of a series of security upgrades at the plant to e

Union Bank’s Balangoda branch was relocated to a more spacious location at No: 167/B, Barnes Ratwatte Mawatha. 

Life insurance leader Ceylinco Life celebrated its 29th anniversary on January 14 by laying the foundation stone for a new eco-friendly branch building on company-owned land in Kadawatha.

Bank of Ceylon (BOC) shares the joy of new year with a special gift scheme for BOC Ran Kekulu Grade One and pre-school entrants to add enthusiasm as they step into school. 

Traditionally, insurers provide financial assistance when things go wrong. For example, if you pass away, your death benefits will be paid or if you are hospitalized, your bills will be compensated. AIA Insurance’s game-changing approach is int

Janashakthi group subsidiary, Orient Finance PLC, plans to raise up to Rs.400 million via a proposed rights issue to strengthen its Tier II capital, a disclosure filed with the Colombo Stock Exchange said. 

REUTERS: HSBC’s ambitions to establish an investment banking franchise in China have hit a roadblock, with the bank still waiting for approval for its partnership with a state-owned fund more than a year after it announced the venture.

Fitch Ratings has affirmed the long-term issuer default ratings (IDRs) of the following Sri Lanka-based banks: National Savings Bank (NSB) at ‘B+’; outlook negative; Bank of Ceylon (BOC) at ‘B+’; outlook negative; DFCC Bank PL

The country’s number one bank, Bank of Ceylon’s (BOC) newest value addition to its customers is ‘Branch on wheels’, which was launched ceremoniously yesterday with the patronage of the bank’s Chairman Ronald C. Perera an

Union Bank recently announced its partnership with Instant Cash global money transfer service, which is an internationally renowned, state-of-the-art electronic money transfer system that employs leading edge Internet-based technology. 

Continuing the brand’s planned branch spread-out islandwide, HNB Assurance (HNBA) unveiled its 56th branch in  Mathugama recently. 

HDFC Bank recently opened its 39th branch in Dambulla in line with its corporate mission to improve the living standards of the underprivileged in particular with housing and other financial facilities.

Alliance Finance Company PLC, Sri Lanka’s third oldest finance company, recently moved its Aluthgama branch to a brand-new location, at No: 123, Galle Road, Aluthgama.

Mastercard has refreshed its Affluent platform in Asia Pacific with an elevated suite of premium dining and travel rewards and services. 

Janashakthi Insurance PLC, a leading Insurance provider in Sri Lanka, announced the appointment of Stuart Chapman as Director/Chief Executive Officer for its Life Business with effect from January, 1, 2017.

REUTERS: Deutsche Bank AG agreed to pay US $95 million to resolve a U.S. government lawsuit accusing the German bank of tax fraud for using “insolvent” shell companies to hide significant tax liabilities from the Internal Revenue Service

Point Pedro now has its own Commercial Bank branch, following the opening of the bank’s 256thbranch in this Northern port town.

Amãna Bank expanded its reach in Colombo by opening a branch in Kirulapone recently.