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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 ...
In February 2004, Government of Pakistan handed over management control of Habib Bank to AKFED. The Board of Directors was reconstituted to have four AKFED nominees, including the Chairman and the President/CEO, and three Government of Pakistan nominees. [13] In 2013, the bank acquired Citibank Pakistan consumer business for Rs. 2 billion. [14]
Prior to independence, the Reserve Bank of India acted as the central bank for what became Pakistan. Under pressure from the International Monetary Fund, Pakistan implemented economic reforms in the late 1990s. [1] These reforms included a $250 million World Bank loan for banking reform, which helped in loan recovery and reducing operational ...
The Sri Lanka Interbank Payment System (or SLIPS in short) is the largest account-to-account fund transfer network in Sri Lanka. [2] Created by LankaClear, it enables member banks to carry out same-day transfers of up to Rs. 5 million, in a secure paperless process.
Housing Development Finance Corporation Bank of Sri Lanka (HDFC) National Savings Bank; Regional Development Bank (Pradheshiya Sanwardhana Bank) Sanasa Development Bank; Sri Lanka Savings Bank; State Mortgage and Investment Bank; Source: Central Bank, September 2020 [2]
HDFC Bank is one of the LMD 100 companies in Sri Lanka. The bank ranked 78th in the 2020/21 edition. [2] Brand Finance calculated the brand value of HDFC Bank to be LKR763 million in 2022. [3] Due to the effects of the Sri Lankan economic crisis, Fitch Ratings placed the bank along with twelve other Sri Lankan banks on Rating Watch Negative.
The bank earned a tax profit of Rs.188 million at the end of the year 2009. The bank was able to cover 300 million from previous non-performing loans. Seylan Bank made a reputation once again as one of the leading banks in Sri Lanka after reaching a solution regarding the scam by the Golden Key Company and still continuing their services to ...