Financial Services

Vallibel Finance records impressive gains

Views - 3 Monday, 21 October 2019 00:11

Despite Sri Lanka’s financial landscape being tormented by uncertain environmental conditions in a topsy-turvy first half, Vallibel Group’s name-bearing finance company has experienced smooth sailing as usual. Amidst many challenges, Vallibel Fin


NDB wins 3 Gold and 2 Bronze at NASCO 2019

Views - 3 Monday, 21 October 2019 00:10

NDB Bank was once again in the spotlight at the SLIM NASCO Awards 2019 for winning the Gold for the Best Sales Executive of the Year award, in addition to two other gold awards and two bronze awards. Accordingly, NDB’s Ashane Fernando clinched two


Yield curve shifts downward for second consecutive week

Views - 3 Monday, 21 October 2019 00:06

By Wealth Trust Securities The drop in the weekly Treasury bill weighted averages, coupled with the bond purchases by the Open Market Operations (OMO) department of Central Bank, reflected positively on the trading sentiment in the secondary bond mar


ComBank extends entrepreneurship program to vocational training students in Badulla

Views - 2 Monday, 21 October 2019 00:05

The Commercial Bank of Ceylon recently extended its entrepreneurship development program to a group of final year students at the Vocational Training Authority at Rockhill in Badulla, widening the reach of an initiative that has to date benefitted mo


NDB Ran Naya with exciting new offers

Views - 3 Monday, 21 October 2019 00:03

NDB Ran Naya has always been a friend to those with urgent cash requirements especially because it offers one of the most competitive rates in the market. It is now back with exciting new offers among which NDB’s Ran Naya Pawning service now allows


Ceylinco Life’s sales stars win 5 awards at NASCO 2019

Views - 26 Friday, 18 October 2019 00:00

Ceylinco Life once again shone at salesmanship with five members of its sales team winning two Golds, a Silver, a Bronze and a Merit award at the 2019 National Sales Congress (NASCO) Awards presented by the Sri Lanka Institute of Marketing (SLIM). M


Seylan Bank wins 5 accolades at SLIM NASCO for 2nd consecutive year

Views - 38 Friday, 18 October 2019 00:00

The sales team of Seylan Bank won five accolades at the SLIM NASCO Awards 2019, back to back for the second consecutive year. The team brought home three Silver awards, one Bronze award and one merit under the categories of Front Liner, Sales Executi


George Steuart Insurance Brokers’ ‘Steuart Wings’ travel policy takes wings with Fairfirst Insurance

Views - 244 Friday, 18 October 2019 00:00

George Steuart Insurance Brokers Ltd., the insurance arm of the renowned George Steuart Group of Companies, recently launched Steuart Wings Travel Insurance, offering attractive travel insurance covers to the esteemed clients of George Steuart Travel


Metropolitan and People’s Micro Commerce to boost SME business

Views - 21 Friday, 18 October 2019 00:00

Metropolitan Computers Ltd. partnered with People’s Micro Commerce Ltd. recently to support small and medium enterprises in Sri Lanka to offer micro credit facilities to purchase essential workplace solutions. With funding for essential workplace


OMO buys over Rs. 11 b of bonds

Views - 147 Friday, 18 October 2019 00:00

The Open Market Operations (OMO) department of Central Bank once again injected in total an amount of Rs.11.93 billion, by way of outright purchases of Treasury bond maturities of 01.03.21, 15.10.21 and 15.12.21 at weighted average rates of 8.55%, 8.


Elevating the standard of customer service in life insurance: Lessons from Softlogic Life

Views - 159 Thursday, 17 October 2019 02:29

How can you judge the quality of customer service? Inspiring customer confidence can range from solutions that seem too mundane, yet necessary such as, ‘How quickly my calls are answered or returned’, to things like ‘Do they anticipate my need


PLC employees launch nationwide marketing promotional campaign

Views - 37 Thursday, 17 October 2019 02:28

People’s Leasing & Finance PLC, the leading non-bank finance sector company in Sri Lanka, conducted an integrative sales promotional campaign through its nationwide branch network under the energetic slogan ‘Himithena Palamu Thena Rata Hemathena


DFCC Bank opens newest branch in Kuruwita

Views - 19 Thursday, 17 October 2019 02:25

DFCC Bank recently opened its newest branch in the city of Kuruwita to provide financial services to the community in the area. The new branch is located at No. 108 C, Main Street, Kuruwita. DFCC Bank, one of the industry leaders in financial service


Sarvodaya Development Finance relocates Gampaha Branch

Views - 61 Thursday, 17 October 2019 02:24

Sarvodaya Development Finance relocated its Gampaha Branch to provide greater customer convenience and accessibility. The branch shifted to No. 128, Muthugala Building, Colombo Road, Gampaha on 7 October. This historical moment was graced by Sarvoda


Sampath Bank retains Top 5 ranking in Business Today Top 30

Views - 41 Thursday, 17 October 2019 02:23

Sampath Bank was reaffirmed as one of Sri Lanka’s best performing companies by once again being ranked among the Business Today Top 30. The Bank retained its existing position of fifth place among Sri Lanka’s corporate sector. Currently in its 2


ComBank the highest-ranked bank in latest ‘LMD 100’

Views - 21 Thursday, 17 October 2019 02:21

The Commercial Bank of Ceylon has been ranked third in the latest edition of the ‘LMD 100’ – Sri Lanka’s premier ranking of the country’s listed companies – moving up two places from last year. Commercial Bank is the highest-ranked bank i


HSBC marks 25 trailblazing years of credit card operations in Sri Lanka

Views - 284 Thursday, 17 October 2019 02:20

By Darshana Abayasingha HSBC celebrates its Silver Jubilee for credit card operations in Sri Lanka this year. HSBC first forayed into Sri Lanka in 1892 to support the growth of trade, and over a century later in 1994 introduced its credit cards to th


Stocks close lower for second day; rupee ends flat

Views - 39 Thursday, 17 October 2019 02:12

Reuters: Sri Lankan stocks slipped for a second straight session on Wednesday, amid weakness in hotels and manufacturing shares, while the rupee ended flat. The benchmark stock index ended 0.07% lower at 5,836.62. The index has dropped 3.56% so far


364-day bill commences downward trend

Views - 70 Thursday, 17 October 2019 02:12

By Wealth Trust Securities The weighted average yields at yesterday’s Treasury bill auction decreased across the board with the total offered amount of Rs. 22 billion being successfully subscribed with the combination of all three maturities. The


Digital banking is the new ‘normal’

Views - 288 Wednesday, 16 October 2019 01:33

Banks are at a tipping point where the digital revolution has just begun. Today’s customers no longer look for new financial services by visiting bank branches or collecting product brochures; changing trends of younger audiences seek tech solution


DFCC Bank opens newest branch in Kuruwita

Views - 29 Wednesday, 16 October 2019 01:32

DFCC Bank recently opened its newest branch in the city of Kuruwita to provide financial services to the community in the area. The new branch is located at No. 108 C, Main Street, Kuruwita. DFCC Bank, one of the industry leaders in financial service


Pan Asia Bank among Top 30 business entities in Sri Lanka

Views - 37 Wednesday, 16 October 2019 01:30

‘The Business Today’ business magazine in its latest evaluation has included Pan Asia Banking Corporation PLC among the Top 30 corporates in Sri Lanka for the first time in its history in recognition of the bank’s business and financial resilie


Seylan Tikiri month for sixth consecutive year

Views - 24 Wednesday, 16 October 2019 01:29

In commemoration of World Children’s Day 2019, Seylan Bank, for the sixth consecutive year, puts its best foot forward to celebrate ‘Seylan Tikiri Children’s Month’. With a continuous objective to inculcate the habit of saving within children


Stocks slip from near 6-week high on profit-taking; rupee weakens

Views - 50 Wednesday, 16 October 2019 01:28

REUTERS - Stocks ended weaker yesterday, snapping a run of seven straight gaining sessions to slip from a near six-week high hit in the previous session as investors booked profits while the rupee ended weaker. The benchmark stock index ended down 0


AIA shines at Life Insurance Industry Sales Awards

Views - 20 Wednesday, 16 October 2019 01:27

AIA Insurance congratulated its Wealth Planners who won awards at the Insurance Competition 2018, organised by the Insurance Association of Sri Lanka (IASL) and were recognised at the 10th NAFLIA (National Forum for Life Insurance Advisors). Having


Bonds rally for third consecutive day ahead of weekly bill auction

Views - 61 Wednesday, 16 October 2019 01:26

By Wealth Trust Securities The secondary market bond yields continued its downward spiral for a third consecutive trading day as activity remained high. The yields on the two 2022 maturities (i.e. 01.07.22 and 01.10.22) dipped to intraday day lows of


Chandana Aluthgama on the various facets of the insurance industry

Views - 44 Tuesday, 15 October 2019 00:00

With the conclusion of Insurance Awareness Month, Chandana Aluthgama, Treasurer of the Insurance Association of Sri Lanka, one of the leading bodies behind the organisation of the events, programs, and activations that make up the month of Septembe


The Islamic financial system – Part 1

Views - 93 Tuesday, 15 October 2019 00:00

By Ravi Abeysuriya The Islamic financial system is not much different from the products and services in the traditional financial system but it operations are essentially based on a certain set of moral and ethical principles that determined what is


People’s Insurance opens new regional office in Jaffna

Views - 35 Tuesday, 15 October 2019 00:00

People’s Insurance opened its latest regional office in Jaffna on 9 October, providing total insurance solutions with a hassle-free experience for customers in the area. The Mayor of the Jaffna Municipal Council, former Jaffna People’s Bank Assi


Proparco and Commercial Bank join to support SMEs

Views - 49 Tuesday, 15 October 2019 00:00

Proparco, a subsidiary of Agence Française de Développement (AFD) Group dedicated to private sector financing, has signed an agreement with Commercial Bank to support financing local Small and Medium Enterprises (SMEs) through a $ 25 million loan a


Today's Columnists

Find out where he is going – In pursuit of the consumer journey

Monday, 21 October 2019

I remember very clearly the excitement of buying our very first TV set. My dad and mum excitedly chatted about it. They spoke to all their friends who had TV sets at their homes. My dad virtually had an analysis of brands and what his friends said we


Vote for the candidate with the best team of advisors

Monday, 21 October 2019

It is a tough challenge to be a successful president or prime minister. To craft a socio economic policy that will bring prosperity and to implement it, is a very, very tough ask. Can any of the candidates for president be able to create such a plan


Fixing lending rates and waiving farmer loans: two policies that do not augur well for borrowers

Monday, 21 October 2019

Two policies relating to lending Recently, there were two policy pronouncements relating to lending, one already implemented by the Central Bank and the other being proposed for implementation by the SLPP presidential hopeful, Gotabaya Rajapaksa, tha


Ministry of Tourism: A nation rich in hospitality

Monday, 21 October 2019

GOALS n10 million visitors n$ 18 billion earnings from tourism ACTION PLAN 1. Introduce a Nation Branding Strategy for Sri Lanka focusing on 1. Tourism 2. Exports 3. Governance 4. Culture 5. People 6. Airport, immigration and investment 2. Airpor


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