Banking and Insurance

First Capital Holdings PLC has come forward as the principal (title) sponsor of the SSC Open Tennis Championship for the 3rd consecutive year. The SSC Open 2024 is taking place from 06th January to 21st January 2024 at the Sinhalese Sports Club (SSC) tennis courts. The Championship is a major open ranking tennis tournament that will commence the 2024 tennis calendar year with over 750 entries as one of the most anticipated and highly coveted sporting events of the year. SSC Honorary Secretary Vasantha Wijesekera stated, “This year’s championship is special and will be historical, as SSC celebrates 125 years. I am indeed delighted to see the First Capital SSC Open Ranking Championship being the first ranking tournament of the year 2024. Since the first championship was held in the 1...

First Capital, the pioneering investment institution in Sri Lanka, is delighted to announce its triumph as the 'Most Valuable Consumer Brand in the Investment Banking Sector,' featured in the esteemed 'Brands Annual 2023' edition by Brand Finance. This achievement marks the second consecutive year that First Capital has secured the top spot, affirming its position as the most valued brand in the sector. Moreover, First Capital has also been recognized among the top 100 brands in the country. Brand Finance is a globally renowned brand valuation and strategy consultancy. Their market research partner, ‘Breakthrough Business Intelligence’ measures the perception of brands & customer behaviour and provides vital input in evaluating the most valuable brands. The prestigious accolade...

Orient Finance PLC, a member of the Janashakthi Group and a leading financial service provider, celebrates a year of excellence since launching its dedicated Alternative Finance Business Unit.  The Alternative Finance Business Unit of Orient Finance strives to take Alternative Financing to greater heights by offering innovative Islamic Financial Solutions to the untouched market segments. The unit was formed under Shariah compliance along with the guidance of an experienced consultant. "As we mark this key milestone of our Alternative Finance Business Unit, we are grateful to our employees and our customers for their support in our first year of operations.  We are humbled by the customer confidence, trust and appreciation gained in this very short period of time. The tea...

EY, SRI LANKA, – EY successfully concluded its inaugural Sri Lanka Banking Conference themed “Surfing Through the Crisis” on 14 November 2022. The event builds on a series of similarly themed sessions conducted by the firm over the past two years aiming to support the Banking sector navigate through these challenging times. The Banking Conference hosted the CEOs, CROs, CFOs, the chairperson of the Board Audit Committees, and the chairperson of the Board Integrated Risk Management Committees of Banks in Sri Lanka. Mr. Manil Jayesinghe, Country Managing Partner, EY Sri Lanka & Maldives launched the conference addressing the need for Banks to be equipped for the difficult task of holding together a fragmented economy. He commented that Banks must understand their customers and...

Sri Lanka’s oldest finance company, Alliance Finance Company PLC (AFC), has received the second tranche of USD 5 Mn from the Dutch Entrepreneurial Development Bank (FMO) as part of a long-term financing facility of USD 10M to expand its growing portfolio of MSME business. AFC secured this USD 10 Million facility from the Dutch entrepreneurial development bank FMO in mid-2021 and received the first tranche of USD 5 Mn in 01.07.2021 With an investment portfolio of EUR 6.3 billion, FMO is one of the largest European bilateral private sector development banks with investments in 85 countries. This financing series is also a significant development for the country’s MSME sector, which is considered as the backbone of the economy. Mr. Romani de Silva, Deputy Chairman & Managing Di...