The Q+ Payment App, powered by Commercial Bank of Ceylon, has now expanded its accessibility to customers of other banks, thanks to its integration with the JustPay platform by LankaPay, the operator of Sri Lanka’s national payment network. With this integration, customers from any domestic bank that supports JustPay can now download and use the
The Commercial Bank of Ceylon has achieved the remarkable feat of being ranked second in the ‘LMD 100’ for 2023-24, advancing five positions in this prestigious list, often referred to as ‘Sri Lanka’s Roll of Corporate Honour.’ This recent ranking not only affirms Commercial Bank’s status as the top-ranked bank in the LMD 100 but
Sanasa Development Bank PLC has announced the appointment of Kapila Prasanna Ariyaratne as its new Executive Director and Chief Executive Officer (CEO), effective from October 7, 2024. Ariyaratne, a seasoned banking professional, brings extensive experience to his new role, having previously served at Seylan Bank. His leadership is expected to guide the bank through its
HSBC Sri Lanka has been named Best Consumer Digital Bank in the country for the fourth consecutive year by Global Finance in the 2024 World’s Best Consumer Digital Bank Awards in the Asia-Pacific region. This prestigious recognition follows HSBC’s recent accolade as Sri Lanka’s Best International Bank for 2024 by Euromoney. In addition to winning
Union Bank has appointed Mr. Dilshan Rodrigo as its new Director/Chief Executive Officer, effective August 16, 2024. With over two decades of experience in the banking sector, Mr. Rodrigo’s leadership marks a pivotal moment for Union Bank as it seeks to navigate Sri Lanka’s evolving banking landscape and focus on innovation and customer-centric strategies in
The Commercial Bank of Ceylon PLC has successfully completed the largest rights issue ever by a bank in Sri Lanka, raising a substantial Rs. 22.54 billion. This significant capital increase aims to boost the bank’s Tier I and total capital, enabling future business expansion. The rights issue offered existing holders of ordinary voting and non-voting
DFCC Bank has reported a partial sale of its Sri Lankan sovereign bond holdings, resulting in a loss of 2.17 billion rupees. This transaction, however, led to the reversal of 2.45 billion rupees in previously set provisions. The bank’s sovereign bond portfolio was valued at 4.59 billion rupees by the end of December 2023, a
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.
Fitch Ratings has reaffirmed the ‘A-(lka)’ National Long-Term Rating for Sri Lanka’s National Development Bank Plc (NDB), maintaining a Stable outlook. This decision reflects recent improvements in the operating environment, as indicated by macroeconomic indicators. Fitch anticipates that Sri Lanka’s stabilizing economic conditions will support NDB’s ability to grow and maintain business volumes. However, the