Financial Services

Seylan Bank rewards iPhone X through Facebook competition

Views - 36 Friday, 23 February 2018 00:00

As a part of the social and digital media efforts of Seylan Bank, many events and special occasions have been digitalised

Doha Bank CEO honoured with ‘Award of Excellence’ by Sri Lanka

Views - 25 Friday, 23 February 2018 00:00

Doha: The government of Sri Lanka has bestowed an ‘Award of Excellence’ to Doha Bank CEO Dr R Seetharaman during a recently-held cultural program in Doha.

Sampath promotes lowest leasing rates

Views - 48 Friday, 23 February 2018 00:00

Helping ever more individuals and businesses across Sri Lanka realise their dreams of owning a vehicle, Sampath Leasing

New BOC GM pledges to deliver amidst challenges

Views - 306 Friday, 23 February 2018 00:00

The newly-appointed General Manager of Bank of Ceylon (BOC), Senarath Bandara, yesterday expressed confidence

CB appoints two committees on fintech and blockchain

Views - 125 Friday, 23 February 2018 00:00

Banking watchdog, the Central Bank on Wednesday said it has appointed two committees on fintechs and blockchain

Stock market slips from over 3-month high on profit-taking

Views - 44 Friday, 23 February 2018 00:00

Reuters: Shares on Thursday snapped a five-session winning streak and eased from a more than three-month high on profit-booking

Janashalthi Insurance to buy back Rs. 12 b worth of shares

Views - 77 Friday, 23 February 2018 00:00

Janashakthi Insurance (JINS) has resolved to repurchase a maximum of 326.7 million of its ordinary shares at Rs. 36.70 each on a pro rata basis of three for every five shares held.

Rupee ends marginally weaker in dull trade

Views - 29 Friday, 23 February 2018 00:00

Reuters: The rupee ended slightly weaker on Thursday in dull trade as importer dollar demand outweighed selling of the greenback by exporters

Secondary bond market activity moderates

Views - 47 Friday, 23 February 2018 00:00

Activity in the secondary bond market moderated yesterday with most market participants on the sidelines. Limited

Weekly averages continue to increase steeply 

Views - 77 Thursday, 22 February 2018 00:00

By Wealth Trust Securities The Primary Treasury auctions in Sri Lanka continued its steep increasing trend on its weighted averages at its Treasury bill auctions, conducted yesterday. The 91 day and 182 day bills recorded the sharpest increases of 22

Commercial Bank launches special loan scheme for apparel sector employees

Views - 42 Thursday, 22 February 2018 00:00

The Commercial Bank of Ceylon has launched a special personal loan scheme for employees in the apparel manufacturing industry, the largest foreign exchange earning sector in the country, to help them fund personal requirements that enhance the qualit

HNB Assurance Group ends financial year 2017 with superlative growth

Views - 32 Thursday, 22 February 2018 00:00

HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Ltd (HNBGI) posted a profit after tax (PAT) of Rs. 910 million for the year ended 31 December 2017, depicting a steady growth of 41% in comparison with the PAT of Rs. 647 m

Bank of Ceylon Balangoda branch moves to new premises

Views - 22 Thursday, 22 February 2018 00:00

BOC Balangoda branch has recently moved to new premises at the address ‘near bus stand, Balangoda’, to provide its customers the increased convenience of banking in a spacious location. The opening took place ceremoniously with the patronage of B

Rupee ends firmer on bank dollar sales

Views - 35 Thursday, 22 February 2018 00:00

Reuters: The Sri Lankan rupee ended slightly firmer yesterday as exporter dollar sales outweighed importer demand for the greenback on hopes that political stability would resume after coalition partners agreed to continue with a cabinet reshuffle. T

CSE hits over 3-month high; blue-chips lead

Views - 47 Thursday, 22 February 2018 00:00

Reuters : Sri Lankan shares ended higher for a fifth straight session yesterday, led by blue-chips on hopes of political stability after two key parties decided to remain in the ruling coalition, allaying fears of a government collapse. The Colombo s

IFIAR members share expertise as 12th Annual forum begins in Colombo

Views - 241 Wednesday, 21 February 2018 00:00

Independent audit regulators from around the world have convened in Colombo to share their expertise during the 12th Annual

Axis Bank Annual Get Together with FI Partners

Views - 160 Wednesday, 21 February 2018 00:00

Axis Bank, Sri Lanka, conducted an Annual Get Together with the FI Partner Banks of Sri Lanka recently at the Taj Samudra

Emerging markets’ resilience to continue in 2018: HSBC

Views - 46 Wednesday, 21 February 2018 00:00

Emerging markets are expected to continue their resilience in 2018 according to HSBC’s Emerging Markets and Asian FX Research Managing Director Paul Mackel.

Stock market rebounds to over 3-month high on hopes of political stability

Views - 60 Wednesday, 21 February 2018 00:00

Reuters: Shares ended higher for a third straight day on Tuesday on hopes of political stability after the prime minister

Central Bank Governor to address AmCham luncheon forum today

Views - 19 Wednesday, 21 February 2018 00:00

Central Bank Governor Dr. Indrajit Coomaraswamy will headline a business luncheon today at Hilton Residences under the aegis of the American Chamber of Commerce in Sri Lanka.

Sarvodaya Finance joins LankaPay Common ATM Network

Views - 33 Wednesday, 21 February 2018 00:00

Making yet another momentous milestone in their journey towards fostering an economically progressive society; living with dignity,

HSBC’s 2017 pre-tax profit jumps 142%, but lags view due to U.S. tax impact

Views - 28 Wednesday, 21 February 2018 00:00

Hong Kong (Reuters): HSBC Holdings’ 2017 pre-tax profit rose 142% as the lender avoided the multi-billion dollar restructuring costs

Rupee falls on importer dollar demand

Views - 51 Wednesday, 21 February 2018 00:00

Reuters: The rupee fell on Tuesday as importer dollar demand outweighed selling by exporters, even as traders awaited

Bond yields increase ahead of weekly Treasury bill auction

Views - 74 Wednesday, 21 February 2018 00:00

The secondary bond market yields were seen closing the day higher yesterday following a marginal dip in morning hours of trading.

Amãna Bank PAT gains 10-fold to top Rs 500 m

Views - 50 Tuesday, 20 February 2018 00:10

Amãna Bank has completed a successful 2017 by achieving a profit after tax of Rs 502.8 million, reflecting a remarkable YoY growth from Rs 40.6 million in 2016. Profit before tax for the same period showcased a 619% growth to read at Rs 739.3 millio

CAL says SL needs to jumpstart asset management industry

Views - 54 Tuesday, 20 February 2018 00:08

Sri Lanka’s financial industry should give added impetus to the asset management sector that has a lot of growth potential, a leading investment banking firm opined, noting that it was a critical factor missing from the financial market of the coun

Cargills Bank fortifies remittance services by partnering with TransferTo

Views - 50 Tuesday, 20 February 2018 00:06

Cargills Bank has partnered with TransferTo, a leading cross-border mobile payments network for emerging markets, to enhance and strengthen the remittance services offered by the bank. The partnership provides customers worldwide the convenience of s

SDB bank opens 92nd branch at Galewela

Views - 16 Tuesday, 20 February 2018 00:05

SDB bank (Sanasa Development Bank Plc) opened its new branch at Galewela on 14th February. SDB Galewela branch was opened at No.181, Dambulla Road, Galewela with the objective of providing an efficient and friendly service to customers in Galewela wi

HDFC Bank announces new Acting GM/CEO

Views - 50 Tuesday, 20 February 2018 00:05

HDFC Bank has announced the appointment of Chief Operating Officer S. Dissanayake as Acting General Manager and CEO. The move follows as Upali Hettiarachchi, who functioned as GM/CEO on secondment basis from the Central Bank, was recalled by the latt

Janashakthi Life’s Sales Team takes part in 2018 MDRT Experience and Global Conference

Views - 31 Tuesday, 20 February 2018 00:05

Janashakthi Insurance PLC yesterday announced that 30 members of its Life Insurance team took part in the prestigious 2018 Million Dollar Round Table (MDRT) Experience and Global Conference held in Bangkok, Thailand from the 8th– 10th February. Wit

Today's Columnists

Tamil actor Kamal Haasan stars in new role as political leader

Saturday, 24 February 2018

Srinivasan Kamal Haasan is one of India’s foremost film actors. Known popularly as Kamal, the talented and versatile thespian has not only excelled as an actor onscreen, but has successfully engaged in other cinematic spheres too. The multi-faceted

Yameen’s economic offensive to counter political adversity ahead of presidential poll

Saturday, 24 February 2018

The embattled Maldivian President Abdulla Yameen, who is facing intense political opposition both in and out of the country, hopes to win the September, 2018 presidential election using a combination of political belligerence and a strong economic pr

In the end, there was nothing

Saturday, 24 February 2018

Much more than a storm in a tea cup! To a non-discerning person, it all seemed like the final battle of the counter revolution. President Sirisena was up in smoke trying to oust Prime Minister Ranil Wickremesinghe for no articulated reason. He asked

Shouldn’t Govt. prevent parliamentary system from decay and destruction?

Friday, 23 February 2018

The wrong people teach us the best lessons. As a clever nation, we had always used our ballot and chased the wrong people

Columnists More