DFCC Bank takes International Business Award for CSR

DFCC Bank has earned a Distinguished Honoree Award in the category of The Best Corporate Social Responsibility Programme of the Year in Asia (Subcontinent, Australia and New Zealand) in The 2010 International Business Awards (IBAs). The award was for the ‘Six-S implementation in schools project 2009’. The IBAs are the only global all encompassing business awards programme honouring great performances in business. Read More

Aviva NDB’s Swarna among world’s best in insurance

‘Top of the Table’ at the Million Dollar Round Table (MDRT) Conference is a rare achievement among sales professionals in the world’s insurance industry. This exemplary status accomplished by the star performer at Aviva NDB Insurance, Mrs. D.G.A. Swarna from the Anuradhapura Region, was all the more praiseworthy because she is the first woman from Sri Lanka to attain this rank. Read More

Asian Alliance Insurance PLC on Voyage of Discovery

The 9th Annual Sales Convention of AAI – “Quality Awards 2010” was held on the July 31 at the Jetliner. The celebrations were themed “Voyage of Discovery – Navigating the tides of a new decade”. The Chairman, Paul Ratnayeke Deputy Chairman, Mano Nanayakkara and Director/CEO of AAI, Ramal Jasinghe graced the occasion whilst the Executive Committee members and Senior Management were present to applause the true passion of their professional sales force. Read More

CDB records Rs 40.5mn pre-tax profit in Q1 2010

Citizens Development Business Finance Ltd. (CDB) announced its pre-tax profit of Rs.40.5mn for the first quarter of 2010, a growth of Rs.27.7mn or 217 % over the corresponding period last year. The post-tax profit of CDB for the first quarter ended June 30, 2010 amounted to Rs.34.5mn, a growth of Rs. 24.7mn or 253%. Read More

Union Bank celebrates 15th anniversary

The Union Bank will be celebrating its 15th anniversary this year and the recent, massive capital infusion of Rs 2 billion made by both existing and other local investors and the Malaysian leisure giant Genting Berhad, the bank is well geared to move forward as it has surpassed the regulatory requirements on capital placed by the Central Bank of Sri Lanka. Read More

HNB Group post tax profit increased

Hatton National Bank PLC, recorded a pretax profit of Rs. 2.89 billion in H1 2010 in comparison to Rs. 2.72 billion in the corresponding period 2009 despite pressures on interest margins, while the post tax profit of the bank improved to Rs. 1.79 billion during the 6 months under review from Rs. 1.77 billion in the first 6 months of 2009. Read More