HNB PLC weathered external headwinds in 2019 to post Rs 15 Bn in Group Profit After Taxes (PAT) and Rs 14 Bn in Bank PAT and remains the best capitalized bank in the sector.
HNB PLC secured the No. 1 ranking on the prestigious ‘Business Today Top 30’, further consolidating on a remarkable reputation for excellence and a legacy of innovation in the Sri Lankan banking industry.
With an ambitious plan to be a leading insurance provider in the country, Arpico Insurance PLC which is a fully owned subsidiary of one of Sri Lanka’s largest blue-chip conglomerate Richard Pieris & Company PLC, kick-started this year with six branch openings and achieved highest recorded sales.
Sampath Bank has been reaffirmed as one of Sri Lanka’s best performing companies by being ranked among the Business Today Top 30.
Commercial Bank’s Credit and Debit Card holders can now automate the settlement of their monthly electricity bills, following the addition of the Ceylon Electricity Board (CEB) to the Bank’s ‘Auto Bill Pay’ facility.
The Commercial Bank Group ended 2019 with the performance milestone of gross income surpassing Rs 150 billion for the first time, but substantially higher impairment charges and the impact of a full year of Debt Repayment Levy (DRL) in a year the Bank describes as “difficult for the Bank and the country,” saw declines in profit indicators.
The Commercial Bank of Ceylon has won the ‘Decade of Excellence’ Award for Retail Banking in Sri Lanka at the 10th edition of the annual awards of the prestigious UK publication Global Banking & Finance Review.
Combining talent, knowledge and teamwork, a group from Stax Inc. were recently titled Winners at Conquer Colombo 2020 – Colombo’s largest scavenger hunt – on the 9th of February 2020.
Cementing its presence in the region and in response to increasing customer demands, HNB FINANCE has now relocated their Ja-Ela & Negombo branches which are at 59 A, Negombo Road, Ja-ela and 58, St Josephs St, Negombo respectively.
Ceylinco Life has ended 2019 on a characteristically strong note, with consolidated income of Rs 32.1 billion for the 12 months ending 31st December 2019, reflecting top line growth of 9.9 per cent.
Sampath Bank’s Board of Directors has recommended a final cash dividend of Rs 11.75 per share to be paid for the financial year ended 31st December 2019 subject to the approval of the shareholders at the Annual General Meeting to be held on 30th March 2020.
