Amãna Bank has inaugurated its latest self-banking centre at Kattankudy Beach Road, marking a significant expansion in its network. This new facility, located at the Al-Aqsa Mosque Complex, Beach Road, New Kattankudy 03, brings the bank’s total number of access points to 64 nationwide. This includes 33 full-service branches and 31 automated Self Banking Centres.
People’s Leasing & Finance PLC (PLC), a leading non-bank financial services institution and a subsidiary of People’s Bank, has announced the appointment of Sanjeewa Bandaranayake as its new Chief Executive Officer (CEO) and General Manager (GM), effective August 6, 2024. This appointment has received the approval of the Central Bank of Sri Lanka. Bandaranayake, who
Seylan Bank has launched Seylan Factoring, a new financial service designed to help businesses unlock funds by leveraging outstanding trade receivables. This service offers a fresh alternative to traditional lending by focusing on the quality of receivables and their collection process rather than broader repayment factors. Seylan Factoring enables clients to access up to 80%
Multi Finance PLC has officially merged with LB Finance PLC following the approval of a special resolution at an extraordinary general meeting held on June 28. The amalgamation was carried out in accordance with the Companies Act No. 07 of 2007, meeting all regulatory requirements. The Department of Registrar General of Companies (DRGOC) has validated
HNB Finance has expanded its services with the introduction of three new Gold Loan Units in response to increasing demand. The new units are located at Mathara Road, Beliatta; Puttalam Road, Kurunegala; and Madampa Road, Kuliyapitiya. The openings were marked by significant attendance: Deputy General Manager and Credit Head Indunil Jayawardena inaugurated the Beliatta branch,
HNB Assurance (HNBA) has announced a strategic partnership with Cargills Bank, aimed at offering tailored insurance solutions designed to meet the specific needs of their customers. This collaboration marks a significant advancement in HNBA’s commitment to expanding and enhancing its insurance offerings. The partnership leverages Cargills Bank’s strong financial infrastructure alongside HNBA’s industry expertise to
Top blue-chip company John Keells Holdings Plc (JKH) reported an EBITDA of Rs. 7.7 billion for the first quarter of FY25, marking a 13% decrease from the previous year. The bottom line, however, showed a net loss of Rs. 868 million. The Group’s EBITDA included significant pre-opening costs related to the ramp-up for the opening
Softlogic Stockbrokers, the full-service brokerage arm of Softlogic Capital PLC, has recently leveraged the power of Microsoft Azure OpenAI Service to introduce StockGPT, an innovative AI tool designed to empower the financial services sector. Microsoft Azure OpenAI Service is an advanced, fully managed service that enables developers to seamlessly integrate cutting-edge OpenAI models into their
HSBC Sri Lanka has been awarded the title of ‘Best International Bank in Sri Lanka’ by Euromoney in their Awards for Excellence 2024. This accolade acknowledges HSBC’s commitment to digitisation and delivering competitive financial services, reflected in its exceptional financial results in 2023. The award also highlights key achievements in Wholesale Banking, Sustainable Finance, and
The Sri Lanka Human Capital Summit 2024, held at Temple Trees in Colombo on Thursday, July 18, aims to address the country’s pressing talent drain issue. Former Australian Prime Minister Scott Morrison and former Maldives President Mohamed Nasheed are scheduled to speak at the event. Key stakeholders will focus on the talent drain threatening Sri