Business
Seylan Bank Kollupitiya branch now in Galle Road for enhanced customer convenience

Seylan Bank, the Bank with a Heart, relocated its Kollupitiya Branch to a spacious new location on the 22nd of November 2021. The Branch which was previously located on Walukarama Road is now conveniently located at No. 490, Galle Road, Colombo 03 offering an array of enhanced services for discerning corporate and retail customers.
The service offerings at the new location have been expanded to reflect its mission of enabling growth and enriching lives for customers who have come to count on the Kollupitiya Branch for banking solutions, over many years. Equipped with an exclusive Premier Banking Counter to offer personalized services via dedicated relationship managers, the new and improved branch is well-resourced to serve all Seylan customers with enhanced convenience.
“For the longest period, the Seylan Bank Kollupitiya branch has held a pivotal place in the hearts of our customers. It is with great pleasure, that we welcome our customers to the relocated Kollupitiya Branch, which has new features and enhanced amenities. The new location offers plenty of parking and is a definitive business centre. We believe corporates, would find the branch especially useful and efficient, catering to their hectic schedules. The branch is designed to provide the greatest and most innovative services to our new and existing customers.”, commented Dimuth Sigera, Assistant General Manager, Branches at Seylan Bank.
Seylan Bank reported a profit after tax (PAT) of Rs. 3.2 billion for the nine months ending September 30, 2021, a 45 percent increase over the same time the previous year. During the year under review, the bank’s net interest income increased by 14.76 percent to LKR 17,068 Mn, indicating a significant expansion as the sector recovers from the pandemic’s long-term impact.
The new branch, with ample parking, makes it easier for customers to access the premises and ATM services. The Branch will be open for business during normal business hours. Seylan RED, the latest addition to its range of exclusive services for premier customers, brings in a host of personalized value-added services and benefits, Seylan Customers can reach out to the new Kollupitiya branch on 011-2564080 for information on all products and services or contact the branch via email on kollupitiya.bmg@seylan.lk.
Seylan Bank follows all guidelines set by the health authorities when managing day to day operations owing to the ongoing pandemic situation and encourages all customers to follow all relevant guidelines to ensure safety during these times of caution. The Bank invites all customers to utilize Seylan’s multiple digital platforms for day to day transactions or visit www.seylan.lk for further information. Customers can also call the Seylan 24/7 hotline for further assistance on 011 200 88 88.
Seylan Bank, the Bank with a Heart, operates with a vision to offer the ultimate banking experience to its valued customers through cutting-edge technology, innovative products, and best-in-class services. The Bank has a growing clientele of SMEs, Retail and Corporate Customers, and has expanded its footprint with 172 branches, 70 Cash Deposit Machines, 86 Cheque Deposit Machines and an ATM network of 216 units across the country. Seylan Bank has been endorsed as a financially stable organization with performance excellence across the board by Fitch Ratings, with the bank’s national long-term rating revised to ‘A’(lka). The bank was ranked second among public listed companies for transparency in corporate reporting by Transparency Global. These achievements are a testament to Seylan Bank’s financial stability and unwavering dedication to ensuring excellence across all aspects.
Business
Stealer malware leaked over 2 million bank cards

Kaspersky Digital Footprint Intelligence estimates that 2.3 million bank cards were leaked on the dark web, based on an analysis of data-stealing malware log files from 2023-2024. On average, every 14th infostealer infection results in stolen credit card information, with nearly 26 million devices compromised by infostealers, including more than 9 million in 2024 alone. Kaspersky released its report on the infostealer threat landscape while the technology world gathers at MWC 2025 in Barcelona.
Kaspersky experts estimate that approximately 2,300,000 bank cards have been leaked on the dark web. This conclusion is based on an analysis of the log files from data-stealing malware, dated 2023-2024, that were leaked on the dark web market. While globally the share of leaked cards is well below one percent, 95% of the observed numbers appear technically valid.
Infostealer malware is not only designed to extract financial information, but also credentials, cookies and other valuable user data, which is compiled into log files and then distributed within the dark web underground community. An infostealer can infect a device if a victim unknowingly downloads and runs a malicious file, for example one disguised as legitimate software, such as a game cheat. It can be spread through phishing links, compromised websites, malicious attachments in emails or messengers and various other methods. It targets both personal and corporate devices.
On average, every 14th infostealer infection results in stolen credit card information. Kaspersky Digital Footprint Intelligence experts found that nearly 26 million devices running Windows were infected with various types of infostealers in the past two years.
“The actual number of infected devices is even higher. Cybercriminals often leak stolen data in the form of log files months or even years after the initial infection, and compromised credentials and other information continue to surface on the dark web over time. Therefore, the more time passes, the more infections from previous years we observe. We forecast the total number of devices infected with infostealer malware in 2024 to be between 20 million and 25 million, while for 2023, the estimate ranges between 18 million and 22 million,” says Sergey Shcherbel, expert at Kaspersky Digital Footprint Intelligence.
In 2024, Redline remained the most widespread infostealer, accounting for 34% of the total number of infections.
The most significant surge in 2024 was in infections caused by Risepro, whose share of total infections increased from 1.4% in 2023 to almost 23% in 2024. “RisePro is a growing threat. It was first discovered two years ago but seems to be gaining momentum. The stealer primarily targets banking card details, passwords and cryptocurrency wallet data, and may be spreading under the guise of key generators, cracks for various software and game mods,” explains Sergey Shcherbel. Another rapidly growing stealer is Stealc, which first appeared in 2023 and increased its share from nearly 3% to 13%.
Business
UTE Delivers Sri Lanka’s Largest Cat D8 Tractor to NEM Construction

Caterpillar equipment dealer UTE has delivered the country’s largest Cat D8 Track-Type Tractor to NEM Construction Pvt. Ltd., marking a significant milestone in heavy machinery. This delivery strengthens the long-standing partnership between UTE and NEM Construction, which spans over 45 years. The Cat D8 is expected to boost operational efficiency in large-scale projects. As the sole authorized dealer for Caterpillar in Sri Lanka, UTE continues to provide top-tier machinery and after-sales support. The handover is particularly notable as Caterpillar celebrates its 100th anniversary. NEM Construction’s Chairman, Raja Nanayakkara, praised the Cat D8’s superior performance and UTE’s unmatched service and parts support, which have been key to the company’s long-term collaboration. This purchase highlights the continued trust in both Caterpillar and UTE’s expertise in supporting Sri Lanka’s construction industry.
Business
ComBank’s 2023 Annual Report tops Banking sector at ACCA Sustainability Reporting Awards

The Commercial Bank of Ceylon’s prowess in comprehensive disclosure of sustainability-related information to stakeholders has won its 2023 Annual Report two top awards at the 2025 Sustainability Reporting Awards presented by the Association of Chartered Certified Accountants (ACCA).
The Bank was adjudged the overall runner-up and the winner in the Banking category at these awards, repeating the achievement of its 2022 Annual Report which was similarly honoured by the ACCA last year.
The ACCA Sustainability Reporting Awards recognise Annual Reports that clearly acknowledge and explain the economic, environmental and social impacts of the business to internal and external stakeholders, demonstrating the organisation’s policies, targets and long-term objectives towards the goal of sustainable development.
Commercial Bank’s 2023 Annual Report also won two Golds, a Silver and a Bronze at CA Sri Lanka’s ‘TAGS’ Awards 2024, excelling in the key aspects recognised by the awards programme which is dedicated to Transparency, Accountability, Governance, and Sustainability – TAGS.
The Bank won the Gold for ‘Corporate Governance Disclosure’ in the Financial Services sector, the Gold for the Best Annual Report among the private sector banks, the Silver for ‘Digitally Transformative Reporting’ across all sectors, and the overall Bronze award for Excellence in Corporate Reporting.
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