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The Sri Lankan banking industry was changed during the late 1980s with the introduction of automation by private banking corporations. [10] Previously, few foreign banks were operating within Sri Lanka with few branches such as Hongkong and Shanghai Banking Corporation, etc. HSBC was using interactive electronic customer interfaces such as automated teller machines (ATMs).
The Sri Lanka Interbank Payment System, commonly known as SLIPS, is a LKR-only online interbank payment and fund transfer system in Sri Lanka. [1] [2]SLIPS is owned by LankaClear, an organization owned by the Central Bank of Sri Lanka and all Licensed Commercial Banks operating in Sri Lanka, with 47.19% of shares held by the CBSL and State owned commercial banks, and 52.81% by other private banks.
It is considered as one of the most systemically important banks in Sri Lanka. It is the largest lender to Sri Lanka's Small and Medium Enterprise sector. [7] The Ministry of Finance of Sri Lanka revealed that the Commercial Bank of Ceylon was the biggest lender to SME sector for the year 2020 amounting to an estimated amount of 21.6 billion ...
Recognizing its exceptional performance and achievements, DFCC Bank has been recognized with several prestigious accolades. These include awards for “Best Performance on Growth” and “Best Performance on Profitability” at the 2nd ICC Emerging Asia Banking Conclave & Awards; Silver Awards for “Best Use of Experiential Digital Marketing” and “Best SEO/SEM Campaign” at the SLIM ...
It is the highest rated non-bank financial company in Sri Lanka. [13] Bank launches loan program to local industries. It is called "Made in Sri Lanka". Its aims are to support small and medium business enterprises. [14] The People's Bank was blacklisted by the Chinese government on 29 October 2021 due to dispute over fertilizer imports from ...
LankaClear (formerly National Cheque Clearing House) is the largest payments infrastructure provider in Sri Lanka.Established in February 2002, the organization is owned by the Central Bank of Sri Lanka (CBSL) and all CBSL-licensed commercial banks in the country.
It is one of the leading finance companies in Sri Lanka and it is also ranked within the top five largest licensed financial institutions among the 46 non banking institutions in the country. [2] In September 2019, the company received the Best Social Media Initiative of the Year at the 2019 Asian Banking & Finance Awards which was held at the ...
Sampath Bank was the first to introduce the use ofATMs, MasterCard, Personal Banking Unit Facilities, Uni Banking System & Debit Cards (Initially with Cirrus and Maestro and Visa) to Sri Lanka. After its massive re-engineering during the transfer to IT-induced banking, it was able to launch Internet Banking, Internet Payment Gateways and 24/7 ...