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Fitch Affirms Five Small and Mid-Sized Sri Lankan Banks

2017-10-03 lankabusinessonline
(PRESS RELEASE) – Fitch Ratings-Colombo-03 October 2017: Fitch Ratings Lanka has affirmed the National LongTerm Ratings on five small and mid-sized Sri Lankan banks. The banks are:

Fitch affirms five small and mid-sized Sri Lankan banks

2017-10-03 lankabusinessonline
Oct 03, 2017 (LBO) – Sri Lanka’s Fitch Ratings has affirmed the National Long-Term Ratings on five small and mid-sized Sri Lankan banks.

SL Customs becomes fully automated with new online payment platform

2017-07-21 dailymirror.lk
Finance State Minister Eran Wickramaratne launching the SL Customs online payment platform. Others in the photo from left: LankaClear Chairman Anil Amarasuriya, SL Customs DG Chulananda Perera and Central Bank Governor Dr. Indrajit Coomaraswamy

IB Growth Fund to increase share in Amana Bank through Rights Issue

2017-06-23 lankabusinessonline
June 23, 2017 (LBO) – Jeddah-based IDB Group’s IB Growth Fund (Labuan) LLP has acquired 1,000 shares in Amana Bank, Thursday at 3.70 rupees each making way for the company to become a shareholder and participate in a Rights Issue later.

Sri Lanka’s Central Bank extends Amana Bank’s deadline to raise capital

2017-01-31 lankabusinessonline
Jan 30, 2017 (LBO) – Sri Lanka’s Central Bank has extended the time allocated to raise the core capital requirement of Amana Bank to 7.5 billion rupees by six months.

ICICI Bank Joins Sri Lanka’s LankaPay Common ATM Network

2017-01-02 lankabusinessonline
(PRESS RELEASE) – ICICI Bank, India’s largest private sector bank by consolidated total assets, recently joined ‘LankaPay Common ATM Network’, the national payment network that facilitates high quality electronic financial services at affordable prices in a secure, reliable and convenient manner to all in Sri Lanka. This marks a definitive step towards enriching customer experience. The partnership with LankaPay Common ATM Network brings in synergies that provide unparalleled convenience to ICICI Bank customers by providing them with the ability to access their accounts from over 3750 ATMs island wide free of charge.

Sri Lanka Amana Bank seeks foreign investors for capital enhancement

2016-12-30 lankabusinessonline
Dec 30, 2016 (LBO) – Sri Lanka’s Amana Bank today said its director board is currently in discussions with prospective foreign investors to enhance their capital in line with Central Bank requirements.

Western Union Extends Bank of China Remittance Locations

2016-11-17 zacks
In an effort to expand its presence in China, Western Union Co. (WU - Free Report) , the leader in money remittance market, has announced an additional enrollment of over 6,700 Bank of China locations into its retail network. Through an enhanced presence of Western Union, the bank’s customers can now access the services of the former in more than 10,000 of its locations across China. The additional enrollment of bank locations to Western Union’s agent network will shoot up its money transfer services to more than 36,000 locations in that country.

Fitch Downgrades PABC, Affirms Four Small and Mid-Sized Banks; Revises UB Outlook to Positive

2016-10-20 bizenglish.adaderana.lk
Fitch Ratings Lanka has downgraded Pan Asia Banking Corporation PLC’s (PABC) National Long-Term Rating to ‘BBB-(lka)’ from ‘BBB(lka)’. The Outlook is revised to Stable from Negative. The agency has also revised the Outlook on the National Long-Term Rating of Union Bank of Colombo PLC (UB) to Positive from Stable, and affirmed its rating at ‘BB+(lka)’. The National Long-Term Ratings on Nations Trust Bank PLC (NTB), SANASA Development Bank PLC (SDB) and Amana Bank PLC (Amana) have been affirmed with a Stable Outlook.

Fitch downgrades PABC, Affirms four small and mid-sized banks

2016-10-17 lankabusinessonline
Oct 17, 2016 (LBO) – Sri Lanka Fitch has downgraded Pan Asia Banking Corporation’s (PABC) National Long-Term Rating to ‘BBB-(lka)’ from ‘BBB(lka)’ and confirmed ratings of four small, mid-size banks, a statement said.

Credit Approval within 3 days for your dream home with Amãna Bank

2016-09-28 bizenglish.adaderana.lk
Owning your dream home is now made easy with Amãna Bank Home Financing. Offering attractive financing schemes, Amãna Bank Home Financing gives the customer the option to purchase a bare land for construction; purchase a completed house or apartment; construct, renovate and extend one’s house or even refinance the costs incurred in purchasing or building a home. To benefit on the attractive schemes, customers also have the option of transferring an existing housing facility to Amãna Bank.

LankaPay USD Online channels LKR 1.8 billion worth of transactions during first year of operations

2016-09-14 bizenglish.adaderana.lk
Sri Lanka’s national payment network – LankaPay is celebrating yet another milestone in its operations by completing one year of successful operations of their innovative ‘USD Online’ service. Striving to further extend the convenience factor to the country’s banking population, LankaPay launched USD Electronic Fund Transfers (EFT) in July 2015, enabling all member banks to offer same day US dollar transfers within the country.

Amãna Bank partners with Imperial College of Business Studies to provide affordable Education Financing

2016-09-14 bizenglish.adaderana.lk
Amãna Bank, Sri Lanka’s premier non-interest based licensed commercial bank has tied up with Imperial College of Business Studies (ICBS) to offer affordable Education Finance facilities for students undergoing undergraduate and post graduate degree programs offered by the institute. ICBS, a forerunner in tertiary education in Sri Lanka, is affiliated with the University of West Scotland (UWS) to offer BA Honours Degree in International Business & Finance and Master of Business Administration – MBA (International Business).

LankaPay says USD Online crosses Rs. 1.8bn mark

2016-09-14 lankabusinessonline
Sep 14, 2016 (LBO) – Payment network LankaPay says they will continue to expand services towards better financial inclusivity and is keen on expanding their core product offering.

Sri Lanka’s Commercial Credit to be part of LankaPay ATM network

2016-07-26 lankabusinessonline
Jul 26, 2016 (LBO) – Sri Lanka’s Commercial Credit Finance joined the LankaPay Common ATM Network, recently.

Commercial Credit leapfrogs to become first finance company to join LankaPay Common ATM Network

2016-07-26 bizenglish.adaderana.lk
Commercial Credit & Finance PLC in a groundbreaking initiative towards enhancing customer convenience recently joined the LankaPay Common ATM Network.

Sri Lanka’s Amana Bank partners with Al Zaman Exchange

2016-07-25 bizenglish.adaderana.lk
DOHA: Amana Bank, Sri Lanka’s premier licensed commercial bank operating based on Islamic banking principles, in collaboration with Al Zaman Exchange, recently launched an instant money remittance service to Sri Lanka.

Amana Takaful Life’s IPO oversubscribed on opening day – 21st July

2016-07-22 bizenglish.adaderana.lk
• IPO via Offer for Sale of LKR 75 million oversubscribed reflecting strong investor confidence • Company becomes first publicly listed Lankan Life Insurer post segregation of Insurance industry on 1st February 2015 • Post listing, Amana Takaful Life anticipates growth to accelerate further; expects a CAGR of 34% over the next five years

Sri Lanka’s Amana Takaful Life Rs75 Mln IPO oversubscribed

2016-07-22 lankabusinessonline
July 22, 2016 (LBO) – The Initial Public Offering of Amana Takaful Life Limited via an offer for sale of 75 million rupees was oversubscribed on its opening day Thursday.

Amana Takaful Life’s LKR 75 million IPO to open on 21st July

2016-07-18 bizenglish.adaderana.lk
ATLL first segregated Lankan Life Insurer to announce IPO post segregation of Insurance industry on 1st February 2015

Amãna Bank listed in Global Finance’s Innovators Index

2016-07-09 bizenglish.adaderana.lk
Amãna Bank has received recognition from the world renowned ‘Global Finance Magazine’ by being amongst the handful to be listed in the magazine’s ‘The Innovators 2016’ index.  This prestigious distinction recognizes ground breaking organizations worldwide that are disrupting the marketplace and engendering new solutions. The honour for Amãna Bank was bestowed on account of their innovative Gold Certificate Financing product under the Islamic Finance category.

Amãna Bank listed in Global Finance’s Innovators Index

2016-07-07 bizenglish.adaderana.lk
Amãna Bank has received recognition from the world renowned ‘Global Finance Magazine’ by being amongst the handful to be listed in the magazine’s ‘The Innovators 2016’ index. This prestigious distinction recognizes ground breaking organizations worldwide that are disrupting the marketplace and engendering new solutions. The honour for Amãna Bank was bestowed on account of their innovative Gold Certificate Financing product under the Islamic Finance category.

Sri Lanka’s Amana Takaful Life announces IPO of Rs75Mn

2016-06-28 lankabusinessonline
June 28, 2016 (LBO) – Amana Takaful Life Limited (ATLL), a fully-owned subsidiary of Amana Takaful PLC, has announced an Initial Public Offering (IPO), via an offer for sale of 75 million rupees.

Amana Takaful Life announces IPO of LKR 75Mn

2016-06-27 bizenglish.adaderana.lk
Amana Takaful Life Limited (ATLL), a fully-owned subsidiary of Amana Takaful PLC, has announced an Initial Public Offering (IPO), via an Offer for Sale of LKR 75 million, thereby becoming the first segregated life insurer in Sri Lanka to do so following the mandatory segregation of Life and General insurance companies on 1st February 2015.

Flexi Term Investment – A novel product from Amãna Bank

2016-06-16 bizenglish.adaderana.lk
Amãna Bank, Sri Lanka’s premier non-interest based licensed commercial bank, has introduced a novel investment account to the Sri Lankan banking industry, with the launch of its Flexi Term Investment Account. Amãna Bank’s Flexi Term Investment Account provides customers the flexibility of depositing additional funds to one single account at any given time, thereby facilitating customers to grow their account balances beyond their initial investment.