Sri Lankan Banks and Bank of China Explore Offshore Banking Opportunities in Colombo Port City
Nine Sri Lankan banks, along with the Bank of China, have shown interest in establishing branches within the Colombo Port City, according to.
Finance
Industry Analysis
Union Bank Appoints Dilshan Rodrigo as New Chief Executive Officer
Union Bank has appointed Mr. Dilshan Rodrigo as its new Director/Chief Executive Officer, effective August 16, 2024. With over two decades of experience.
- August 16, 2024
Finance
Amãna Bank Expands Self-Banking Services with New Centre in Kattankudy
Amãna Bank has inaugurated its latest self-banking centre at Kattankudy Beach Road, marking a significant expansion in its network. This new facility, located.
- August 8, 2024
Industry Analysis
Sanjeewa Bandaranayake Appointed CEO/GM of People’s Leasing & Finance
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.
- August 8, 2024
Finance
Seylan Bank Introduces Seylan Factoring to Boost Cash Flow for Businesses
Seylan Bank has launched Seylan Factoring, a new financial service designed to help businesses unlock funds by leveraging outstanding trade receivables. This service.
- August 7, 2024
Industry Analysis
Multi Finance PLC Completes Merger with LB Finance PLC
Multi Finance PLC has officially merged with LB Finance PLC following the approval of a special resolution at an extraordinary general meeting held.
- August 7, 2024
Finance
HNB Finance Launches Three New Gold Loan Units Across Sri Lanka
HNB Finance has expanded its services with the introduction of three new Gold Loan Units in response to increasing demand. The new units.
- August 5, 2024
Industry Analysis
HNB Assurance and Cargills Bank Partner for Tailored Insurance Solutions
HNB Assurance (HNBA) has announced a strategic partnership with Cargills Bank, aimed at offering tailored insurance solutions designed to meet the specific needs.
- August 1, 2024
Finance
JKH Reports Rs. 7.7 Billion EBITDA but Suffers Rs. 868 Million Loss in 1Q FY25
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.
- July 31, 2024
Technological Advancements
Softlogic Stockbrokers Upgrades StockGPT with Microsoft Azure OpenAI
Softlogic Stockbrokers, the full-service brokerage arm of Softlogic Capital PLC, has recently leveraged the power of Microsoft Azure OpenAI Service to introduce StockGPT,.
- July 29, 2024