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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.

Sri Lanka’s Nations Trust Bank to issue listed debt

2017-09-28 lankabusinessonline
Sep 28, 2017 (LBO) – Sri Lanka’s Nations Trust Bank is to issue listed rated unsecured subordinated redeemable debentures worth 3.5 billion rupees to meet BASEL III requirements.

Finance income boosts JKH 1Q as key business hit by poor consumer demand

2017-07-28 dailymirror.lk
The interim results released by John Keells Holdings PLC (JKH) for the June quarter proved that even the country’s largest conglomerate in terms of market value is not immune to the headwinds in the economy.

Nations Trust Bank American Express rewards Card member

2017-07-21 lankabusinessonline
(PRESS RELEASE)  – Nations Trust Bank American Express Cardmembers were given the opportunity to win an all-expense paid journey around the country with its latest promotion ‘Explore Sri Lanka’.

New reality for banking landscape is disruption: Dr Nandalal at BankTech Asia

2017-03-21 lankabusinessonline
Leading international conference BankTech Asia organised by Knowledge Group launched its inaugural event at Taj Samudra, officiated by Dr Nandalal Weerasinghe, Deputy Governor of Central Bank of Sri Lanka today. On the first day of this two-days event, a wide range of topics were discussed extensively including; Financial Inclusion, Robotic Process Automation, Big Data and Mobile Wallets. 

MullenLowe moves Sri Lanka operations to ultramodern office

2017-01-10 lankabusinessonline
MullenLowe Sri Lanka, the local office of the MullenLowe network – a member of the Interpublic Group (IPG), will formally unveil its ultra-modern office at 125, Kynsey Road, Colombo – 7, on the 19th of January under the patronage of Hon. Eran Wickramaratne – Deputy Minister of Public Enterprise Development and Member of Parliament (MP) – Chief Guest, Mr. Joseph George – Regional President, South & South East Asia and Group Chairman and CEO, MullenLowe Lintas Group and the regional team.

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.

YMF Successfully conducts the Interactive Session – “Success Story – Commemorating Triumphs”

2016-10-27 bizenglish.adaderana.lk
The Young Members Forum of the Ceylon Chamber of Commerce successfully conducted an interactive Discussion on the topic “Success Story – Commemorating Triumphs” at the Hilton Colombo Residences last week. Young entrepreneurs such as Messer’s Dulith Herath – CEO, Kapruka.Com, Uditha Chandimal – COO / Director, Creative Minds and Ms. Shahani Markus – Founder of EmoJot Inc, shared their business startup story at the session.

Fitch Rates Nations Trust Bank’s Subordinated Debt Final ‘A- (lka)’

2016-10-20 lankabusinessonline
(PRESS RELEASE) – Fitch Ratings-Colombo-19 October 2016: Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB: A(lka)/Stable) issue of subordinated debentures of up to LKR5bn a final National LongTerm rating of ‘A-(lka)’.

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.

MullenLowe duo win Sri Lankan leg of Young Spikes Digital Competition

2016-09-20 bizenglish.adaderana.lk
Chevin Mandawala and Sagar Hiranand of MullenLowe Sri Lanka outshone their peers in the digital category at the Sri Lankan leg of Young Spikes 2016, recently. Their winning idea – Marco Knorrs it – highlighted their intimate understanding and use of digital platforms to increase the strength of Knorr and increase its usage. With this victory, the duo have won the honour of representing Sri Lanka at the Young Spikes Digital Competition to be held during the Spikes Asia Festival of Creativity in Singapore.

Fitch rates Nations Trust Bank’s subordinated debt A(lka)(EXP)

2016-09-15 bizenglish.adaderana.lk
Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) proposed Basel II compliant subordinated debentures of up to LKR5bn an expected National Long Term Rating of ‘A(lka)(EXP)’.

Fitch rates Nations Trust Bank’s subordinated debt A(lka)(EXP)

2016-09-15 lankabusinessonline
Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) proposed Basel II compliant subordinated debentures of up to LKR5bn an expected National Long Term Rating of ‘A(lka)(EXP)’.

Sri Lanka’s BoardPAC returns to South African Corporate Governance Conference

2016-09-12 bizenglish.adaderana.lk
BoardPAC, the Sri Lanka developed iPad-enabled board governance portal, recently participated in the annual Corporate Governance Conference of Chartered Secretaries South Africa (CSSA) for the second consecutive year, gaining further exposure to top corporate entities in that country.

Amãna Bank expands reach by joining LankaPay Network

2016-08-01 bizenglish.adaderana.lk
Towards providing its customers with greater convenience and access, Amãna Bank recently joined the LankaPay Common ATM Switch(CAS), reaching yet another significant milestone in the Bank’s journey. Since the initiation in 2013 under the guidance and approval of Central Bank of Sri Lanka, LankaPay Common ATM Network has grown to become Sri Lanka’s largest common ATM Network connecting almost 98% of the total number of ATMs in the country with the participation of 22 member banks and financial institutions.

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.

BoardPAC at 17th ACRU Conference in Hong Kong

2016-07-12 bizenglish.adaderana.lk
BoardPAC, the Sri Lanka-developed world-leading mobile portal that facilitates paper-less decision making at board level, was showcased in Hong Kong recently at the17th Annual Corporate & Regulatory Update (ACRU) Conference. BoardPAC was the sole Sri Lankan firm at this year’s ACRU conference, attended by more than 1,600 governance, risk and compliance professionals from different sectors, as well as C-suite level members.

CIO Forum Explores the Future with Robotic Process Automation

2016-07-06 bizenglish.adaderana.lk
The recently concluded CIO Forum held at the Kingsbury saw the country’s top chief innovation officers gather to learn the latest advancements in the field of Robotic Process Automation (RPA) and its applications. As discussed and debated at the forum, these new paradigm shifts in IT automation have widespread disruptive implications for the local market that can revolutionize certain aspects of business and the allocation of human resources.

In Pictures: Swim Week 2017 highlights new designs and Colombo port

2016-06-26 lankabusinessonline
Day 1 of Swim Week Colombo kicked off on Friday showcasing designs by Sri Lankan and international designers at the ECT Terminal of the Colombo Port.

In Pictures: Swim Week Colombo 2017 highlights new designs and port

2016-06-25 lankabusinessonline
Day 1 of Swim Week Colombo kicked off on Friday showcasing designs by Sri Lankan and international designers at the ECT Terminal of the Colombo Port.

Singtel partners BoardPAC to offer innovative Sri Lankan technology in Singapore

2016-06-14 bizenglish.adaderana.lk
Telco giant Singtel and BoardPAC have announced a partnership to offer the award-winning Sri Lanka-developed BoardPAC paperless meeting and corporate governance solution to companies across Singapore.

Designer swimwear show to be held at Colombo Port

2016-06-07 lankabusinessonline
June 07, 2016 (LBO) – Colombo Fashion Week will showcase the latest trends in swimwear from June 24-26 at the ECT Terminal of the Colombo Port, organizers said.