Sri Lanka’s leading non-bank finance company People’s Leasing & Finance PLC (PLC) exclusively tied up with Lanka Ashok Leyland PLC (LAL) for promoting Eagle A/C Mini Buses. Lanka Ashok Leyland PLC also assembles/imports and sells all types of AC/NON AC buses, Tippers, Trucks and Light Commercial vehicles. Under the leasing…
Allianz Life Insurance Lanka (Allianz Lanka) registered steady growth in returns to policyholders on its investment linked life insurance policies which delivered dividends (/ a crediting rate) of 8.5% for the financial year 2016 (FY 2016). Based on the life fund earnings attributable to each policy, the dividends are credited…
LankaClear (Private) Limited, the operator of Sri Lanka’s National Payment Network LankaPay, held its 15th Annual General Meeting on 28th June 2017 at the Kingsbury Hotel, Colombo. The company was incorporated in 2002 under the guidance and approval of the Central Bank of Sri Lanka as the National Cheque Clearing…
Siyapatha Finance, a leading financial company and the largest fully owned subsidiary of Sampath Bank Group, ceremonially opened their 25th branch in Galle at No. 27, Old Matara Road, Pettigalawatta, recently. The event was graced by the Former Managing Director of Sampath Bank PLC, Mr. Aravinda Perera who is also…
New financial services firm provides expert advice to clients to 'Uplift Business' New advisory K Seeds Investments (KSI) has launched a website, www.kseedsinvestments.com, to showcase its wide range of financial services. A simple yet effective platform, for those interested in expert advice that would improve their company's financial outlook. The…
Building on its strong growth momentum gathered by the company in 2016, leading financial services provider Softlogic Finance PLC, opened its newly relocated Bambalapitiya branch on 1st of June 2017 situated at No. 292/B-C, Galle Road, Colombo 04. Offering Softlogic Finance’s complete range of products – spanning Business Loans, Personal…
The Life Fund of Ceylinco Life crossed Rs 80 billion in May 2017, making it the fastest-growing Life Fund in the local industry, the life insurance market leader has announced. The company said this milestone was achieved in a little more than 29 years of operation, a feat as yet…
Expert financial planner NDB Wealth recently marked 25 years in operation with a simple, yet tasteful, celebration for staff. This follows NDB Wealth's mid-June 2017 relocation to a spacious and elegant, purpose-built "Private Wealth Management" center, to enable future growth for the company. Uniquely, a visit to Sri Lanka's first…
Jeddah based IDB Group along with IB Growth Fund of ICD, to up their stake to 29.99% Amãna Bank has received an in principle approval from the Colombo Stock Exchange (CSE), for listing of additional shares to be issued through its proposed Rights Issue. Upon securing shareholder approval at the…
9th of June 2017, Colombo: Takaful is a concept of Joint Guarantee or Mutuality, which simply means that any Takaful (insurance) contract is transparent and participatory. The Participant is the Takaful Certificate holder and thereby an active party in the deal. Together with the Trustee (Takaful Provider) the Risk is…