Ceylinco Insurance emerges as ‘People’s Choice’ for seventh consecutive year

Published : 12:25 am  March 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  622 views  |  

Ceylinco Insurance, once again consolidating its pioneering position in the Sri Lankan insurance industry, has been recognised as the ‘People’s Insurance Brand of the Year’ for the seventh consecutive year.  Read More →


Fitch affirms Sampath Leasing at ‘A’

Published : 12:24 am  March 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  979 views  |  

Fitch Ratings Lanka has affirmed Sri Lanka-based Sampath Leasing and Factoring Ltd.’s (SLFL) National Long-Term rating at ‘A(lka)’. The Outlook is Stable. The agency has also affirmed SLFL’s outstanding senior unsecured redeemable debentures at National Long-Term ‘A(lka)’. SLFL’s ratings reflect Fitch’s view that support would be forthcoming from its parent, Sampath Bank PLC (AA-(lka)/Stable), if needed under extreme circumstances, given the strategic importance of SLFL to SB.  Read More →


Sampath credit cards offer ‘Real Deals’ for Avurudu season

Published : 12:24 am  March 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  1,473 views  |  

Sampath Bank, synonymous with promoting innovation and customer value, is all out to make this Avurudu season a rewarding and memorable one to all its credit card holders with special deals, which are a continuation of the gamut of benefits it offers throughout the year.  Read More →


Central banks adding gold and alternative assets to diversify US dollar and euro reserves

Published : 12:04 am  March 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  384 views  |  

The Future of Digital Payments 2012 sees gold demand hit record value level Impairment proposals may increase credit loss provisions for banks See FT Money Pullout today with Daily FT A new report by the World Gold Council, ‘Central Bank Diversification Strategies – Rebalancing from the dollar and the euro,’ examines the growing trend of central banks’ actively looking to diversify their reserve portfolios.  Read More →


Fitch rates Softlogic Holdings’ debentures ‘A-’

Published : 12:00 am  March 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  815 views  |  

Fitch Ratings has assigned Sri Lanka-based Softlogic Holdings PLC (SHL) a senior unsecured rating of ‘A-(lka)’, and simultaneously assigned its proposed issue of redeemable debentures of up to Rs. 750 m an expected National Long-term ‘A-(lka)(EXP)’ rating. The final rating is contingent upon final transaction documents conforming to information already received.  Read More →


Fitch assigns Lion Brewery’s ‘AA-’; rates proposed debt ‘AA’-

Published : 12:00 am  March 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  371 views  |  

Fitch Ratings has published Sri Lanka-based Lion Brewery (Ceylon) PLC’s (Lion) ‘AA-(lka)’ National Long-Term Rating with Stable Outlook. Fitch has also assigned a ‘AA-(lka)’ senior unsecured rating to Lion.  Read More →


Nations Trust Bank holds Annual Retail Awards Night

Published : 12:00 am  March 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  928 views  |  

Nations Trust Bank now on a growth mode celebrated its Annual Retail Banking Awards recently, amidst an evening of glitz and glamour under the theme ‘Facets of Excellence’. This annual event is the platform at which staff members who excel are recognised and rewarded for their great performance in the year.  Read More →


BOC spreads wings to Medawala

Published : 12:00 am  March 27, 2013  |  Category: Financial Services  |  Leave a Comment  |  322 views  |  

Senior Minister for International Monetary Co-operation and Deputy Minister of Finance Dr. Sarath Amunugama lit the traditional oil lamp to declare open the new Bank of Ceylon Branch at Medawala in the Kandy district recently. This branch is located at 13, Doranegama Road, Medawala.  Read More →


Ceylinco Life crowns 25-year excellence at glitzy awards gala

Published : 12:35 am  March 25, 2013  |  Category: Financial Services  |  Leave a Comment  |  792 views  |  

A veritable pantheon of international and regional insurance heavyweights was in attendance at the 25th anniversary edition of life insurance leader Ceylinco Life’s annual awards in Colombo last week. The company presented 150 awards to top achievers in several key areas of sales and operations who had contributed to its growth in 2012, during which Ceylinco Life surpassed Rs. 10 billion in annual premium income, becoming the first life insurer in Sri Lanka to do so.  Read More →


Seylan Bank marks silver jubilee with islandwide initiatives

Published : 12:34 am  March 25, 2013  |  Category: Financial Services  |  Leave a Comment  |  1,138 views  |  

 Seylan Bank celebrated its landmark 25th anniversary yesterday (24 March), with a series of religious and CSR activities across Sri Lanka. Religious observances took place at the Sri Maha Bodhi in Anuradhapura on 1 and 2 March with a Buddha pooja, pahan pooja, pirikara, shabda and kapruka poojas, together with morning and afternoon almsgiving to the Maha Sangha. A nuga sapling was also planted in the Maha Meyuna Uyana with the participation of a large number of customers, staff and well-wishers.  Read More →


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