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Bank migration News

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Local News

Former Employment Minister Calls for Official Remittance Channels to Bolster Economy.

May 25, 2026 at 10:11 AM

Former Foreign Employment Minister Manusha Nanayakkara urges overseas Sri Lankans to utilize formal banking channels for remittances, warning that informal methods like 'Undiyal' jeopardize the nation's economic stability and essential imports.

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Former Employment Minister Calls for Official Remittance Channels to Bolster Economy
Image Credit : businessnews.lk
Global News
Global Migration Patterns in 2025: Nations Seeing Significant Population Shifts
Image Source : abs.gov.au

Global Migration Patterns in 2025: Nations Seeing Significant Population Shifts.

May 19, 2026 at 1:16 PM
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Local News
Strengthening the Banking Pillar: Essential for Sri Lanka’s Long-Term Economic Resilience
Image Source : dailyexpress.lk

Strengthening the Banking Pillar: Essential for Sri Lanka’s Long-Term Economic Resilience.

May 19, 2026 at 12:22 AM
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Local News
National Savings Bank Launches Nationwide Digital Banking Awareness Campaign
Image Source : lankanewsweb.net

National Savings Bank Launches Nationwide Digital Banking Awareness Campaign.

May 17, 2026 at 12:21 AM
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Commercial Bank Group Hits Historic Rs. 3.5 Trillion Asset Milestone in Q1 2026
Image Source : combank.lk
Local News•
May 15, 2026 at 11:52 PM

Commercial Bank Group Hits Historic Rs. 3.5 Trillion Asset Milestone in Q1 2026.

Commercial Bank of Ceylon PLC has become Sri Lanka's first private sector banking group to surpass Rs. 3.5 trillion in total assets, recording a strong performance in the first quarter of 2026.

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United States

US Border Patrol Chief Mike Banks Steps Down Amidst Administration Reorganization.

May 14, 2026 at 9:18 PM

US Border Patrol Chief Mike Banks has announced his resignation, marking the latest departure within the Trump administration's Department of Homeland Security as immigration enforcement undergoes significant leadership changes.

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US Border Patrol Chief Mike Banks Steps Down Amidst Administration Reorganization
Image Credit : nbcnews.com
Economy

Syria Reconnects with Global Financial Systems Through Visa and Mastercard Integration.

Syria has officially authorized local banks to collaborate with Visa and Mastercard, ending a 15-year isolation from global payment networks as part of a strategic effort to revitalize its economy.

May 12, 2026 at 2:35 AM
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Finance
NDB Bank Finalizes Complete Divestment of Seylan Bank Shares
Image Source : theasianbanker.com

NDB Bank Finalizes Complete Divestment of Seylan Bank Shares.

May 11, 2026 at 6:22 AM
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Local News
People’s Bank Spearheads Digital Payment Revolution to Advance Cash-Lite Economy
Image Source : sundaytimes.lk

People’s Bank Spearheads Digital Payment Revolution to Advance Cash-Lite Economy.

May 10, 2026 at 12:01 AM
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Local News•
May 5, 2026 at 6:21 PM

Major Shifts in Sri Lanka: HSBC Exits Retail Banking as Stock Market Faces Foreign Outflow Pressure.

HSBC has officially ceased its retail banking operations in Sri Lanka, transferring accounts to Nations Trust Bank, while the Colombo Stock Exchange reports record foreign outflows surpassing Rs 25 billion.

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Local News

Nations Trust Bank Finalizes Acquisition of HSBC Sri Lanka Retail Operations.

May 4, 2026 at 3:40 AM

Nations Trust Bank (NTB) has successfully completed the integration of HSBC Sri Lanka's retail banking portfolio, bringing 200,000 customers and seven new branches into its network as of May 1, 2026.

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Nations Trust Bank Finalizes Acquisition of HSBC Sri Lanka Retail Operations
Image Credit : newswire.lk
Local News
Hopes Fade for Recovery of Rs. 13.2 Billion Lost in Major NDB Bank Fraud
Image Source : independent.lk

Hopes Fade for Recovery of Rs. 13.2 Billion Lost in Major NDB Bank Fraud.

May 2, 2026 at 7:33 PM
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Finance
Commercial Bank Launches Nationwide Drive to Expand LankaPay JCB Debit Card Adoption
Image Source : jsoft.lk

Commercial Bank Launches Nationwide Drive to Expand LankaPay JCB Debit Card Adoption.

April 30, 2026 at 10:34 AM
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Finance

People’s Bank Investment Banking Unit Secures Prestigious Global Accolade for 2026.

People's Bank Investment Banking Unit (PBIBU) has been recognized as the Best Investment Bank in Sri Lanka for 2026 by the Global Banking and Finance Review Awards, highlighting its significant contributions to the local financial sector.

April 29, 2026 at 7:59 PM
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LOLC Finance Expands Strategic Footprint in Negombo with New Metro Branch
Image Source : divaina.lk
Local News•
April 29, 2026 at 7:58 PM

LOLC Finance Expands Strategic Footprint in Negombo with New Metro Branch.

LOLC Finance has inaugurated a new state-of-the-art Metro Branch in Negombo, marking a significant milestone in its two-decade commitment to the region's economic growth and community development.

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Technology

Banking Sector Embraces Artificial Intelligence to Reshape Financial Services.

April 29, 2026 at 7:16 PM

Financial institutions are rapidly integrating AI to optimize operations, enhance customer onboarding, and improve efficiency ratios, though challenges regarding return on investment persist.

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Local News
DFCC Bank Boosts Middle East Remittance Services via Strategic AlfaNow Alliance
Image Source : profitmagazine.lk

DFCC Bank Boosts Middle East Remittance Services via Strategic AlfaNow Alliance.

April 29, 2026 at 8:44 AM
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Local News
People’s Bank Commits Rs. 300 Million to Nuwara Eliya Post-Cyclone Housing Recovery
Image Source : magzter.com

People’s Bank Commits Rs. 300 Million to Nuwara Eliya Post-Cyclone Housing Recovery.

April 24, 2026 at 11:45 PM
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Economy

Bangladesh Banking Crisis: DCCI Highlights Paradox of Excess Liquidity and Credit Drought.

The Dhaka Chamber of Commerce & Industry (DCCI) has warned that despite banks holding record excess liquidity, the private sector, particularly SMEs, is struggling to access credit. Experts call for urgent structural reforms and improved data accuracy to resolve this economic bottleneck.

April 21, 2026 at 9:07 AM
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Sri Lanka’s State Banking Giants Report Record-Breaking Financial Success for 2025
Image Source : newsfirst.lk
Local News•
April 21, 2026 at 2:58 AM

Sri Lanka’s State Banking Giants Report Record-Breaking Financial Success for 2025.

Sri Lanka’s three major state banks—People’s Bank, Bank of Ceylon (BOC), and National Savings Bank (NSB)—have officially presented their 2025 annual reports to President Anura Kumara Dissanayake, revealing historic profit levels and robust financial performance.

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