Financial ServicesDFCC Vardhana Bank expands with leasing
DFCC Vardhana Bank (DVB), the everyday banking unit of DFCC Bank – the leader of development banking – recently introduced ‘Vardhana Leasing,’ adding yet another new product to its portfolio, thus ensuring that DVB’s customers get the best leasing experience via the bank’s personalised service and special rates.
Unlike traditional leasing facilities available in the market, Vardhana Leasing promises minimum paperwork and less hassle. This results in a minimal processing time, leading to speedy delivery and service at your doorstep.
AVIVA NDB rewards for life
Offers 100 laptops to policyholders’ children as a contribution to IT proficiency
Aviva NDB Insurance has launched an innovative scheme to recognize and reward the confidence and trust of loyal policyholders. Named ‘Aviva NDB Rewards for Life’ the scheme has been carefully designed to enrich the lives of customers.
The first in the series was rolled out by offering 100 laptops to children of policyholders with policies in force for over five years.
Global IPO activity down 57% in Q3 with just three IPOs over $ 1 b
- Average deal size globally decreased to US$ 100 million
- 87% of global IPOs in Q3’11 priced within their initial filing range
Global IPO activity has fallen sharply in Q3 2011, according to Ernst & Young’s Q3 Global IPO update. So far this quarter, a total of 284 deals raised US$ 28.5 b, this compares with 383 IPOs worth US$ 65.6 b for Q2’11 (a 26% decrease in number and 57% drop in capital raised).
HSBC’s Head of Sales for Global Payments and Cash Management, Asia Pacific in town
Richard Jaggard, Head of Sales, Global Payments and Cash Management, HSBC Asia Pacific will arrive in the country on Tuesday, 18 October on a four day visit to meet with key customers and senior management of the bank.
During his visit, he will also deliver the key note address at a new integrated receivables solution, scheduled to be launched on 20 October, 2011 that will benefit HSBC’s corporate customers.
Divasa Finance ties up with Sun Insurance Brokers to offer total insurance solutions
Divasa Finance Limited has formed a strategic alliance with Sun Insurance Brokers to provide leasing/hire purchase and lone customers in-house total insurance solutions under one roof.
This arrangement will add value to Divasa customers who can now obtain insurance documents on the same time without any hassle and at special rates.
Commercial Bank to open 57 service points on Deepavali day
Commercial Bank has announced that it will keep open 57 service points on Deepavali Festival Day (26 October), a statutory Public and Bank holiday that marks the Hindu Festival.
Clearing Association of Bankers AGM on Jetliner
Yet another innovation by Clearing Association of Bankers (CAB) this year their Annual General Meeting will be held on Jetliner, probably the first AGM organized in a ship in Sri Lanka.
Capital Trust launches Shariah compliant trading platform in CSE
Gaurdian Investment House (GIH) through their collaboration with Capital Trust Securities (Pvt) Ltd. (CTS), the leading stock brokering firm in Sri Lanka in terms of transaction turnover, Brokerage turnover and trades, has designed a public trading platform that adheres to Shariah values.
HNB opens 222nd customer centre, in Mullaitivu
Hatton National Bank (HNB) opened its 222th Customer Centre in Mullaitivu recently.
The Chief Guest for the occasion was COO of HNB Jonathan Alles, while a large number of senior bank officials including Deputy General Manager – Legal/Board Secretary Indrani Goonasekera and Deputy General Manager – Network Management Crysanthi Thambiah along with government officials, local businessmen and customers.
3Q2011 corporate results: What to expect?
DNH Financial shares some key insights to the upcoming earnings season and how to manage investments in the Colombo stock market
In the absence of any significant news, the Sri Lanka bourse continued to trade on a lacklustre note with the ASPI and MPI falling by 2.2% and 1.7%WoW to close the week at 6,550 and 5,878.
With the majority of investors sitting in the wings, turnover declined by 23%WoW to Rs. 6.8 b with trading in Laugfs Gas, John Keells Holdings and Softlogic collectively accounting for 46% of the week’s total.
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