Industry Analysis

NDB Bank and AIA Win Bank Partner of the Year at 2024 Awards

NDB Bank, in collaboration with AIA Sri Lanka, has been honored with the prestigious title of Bank Partner of the Year at the Asia Trusted Life Agents and Advisors Awards 2024. This marks a significant milestone as it is the first time Sri Lanka has received this esteemed international recognition. The Asia Trusted Life Agents

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Industry Analysis

Union Bank Celebrates 20 & 25 Years of Service with Long Service Awards

Union Bank recently recognised the remarkable contributions of its long-serving employees during the Long Service Awards ceremony. The event celebrated individuals who have dedicated 20 and 25 years to the growth and success of the organisation. Director/CEO Dilshan Rodrigo, alongside the corporate management team, presented the awards. Honourees included Shiran Punchihewa, Indika Igalawithana, and Janithi

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Industry Analysis

Sampath Bank to Raise Rs. 10 Billion via Basel III Compliant Debentures

Sampath Bank has announced plans to raise up to Rs. 10 billion via Basel III compliant, tier 2, listed, rated, unsecured, subordinated, redeemable five-year debentures with a non-viability conversion feature. The bank’s Board approved the initial issuance of 50,000,000 debentures at a par value of Rs. 100 each to raise Rs. 5 billion. There is

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