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DFCC signs MOU with Havelock City, enabling ease of transactions to purchase luxury apartments

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From left to right: Ann Silva (Legal Officer, DFCC), Dulshini Jayathilake (Assistant Relationship Manager, DFCC), Pravir Samarasinghe (Group CEO/Director, Overseas Realty (Ceylon) PLC), Gillian Edwards (Senior Vice President Consumer Banking, DFCC), Samathri Kariyawasam (Vice President General Legal, DFCC), Ralph De Lanarolle (Director, Overseas Realty (Ceylon) PLC), and Shiromi Balasuriya (Head of Legal/Company Secretary, Overseas Realty (Ceylon) PLC).

In an effort to provide potential homeowners with specialised DFCC Home loan services, DFCC Bank recently signed an MOU with Havelock City. As a result of this, DFCC has proposed a special home loan product specifically designed for customers who wish to purchase Havelock City apartments. Structured loan schemes, grace periods and early settlement fee waivers are all vital features of this home loan product from DFCC.

Havelock City is the largest mixed-use development built of 18 acres of prime land in the heart of Colombo with both residential and commercial components. The residential apartments were built in Phases and the fourth and final phase is currently nearing completion and will be ready for occupation by February 2021 with luxury units available for purchase. In addition to phase 4, phase 3 too has a limited number of move-in ready units with COC approval for discerning home buyers.

The Clubhouse at Havelock City offers its residents a range of facilities and amenities from squash courts, gymnasiums, swimming pools, banquette halls, salon, launderette, mini-cinema, mini-market, and a café. The exclusive 7-acre garden with lush foliage provides a unique space within the city to experience a healthy outdoor lifestyle including walking paths, jogging tracks, open air exercise corners and a mini-golf putting green. The development is a brainchild of S P Tao, chairman of Overseas Realty (Ceylon) PLC a BOI approved flagship company who is also the owner, manager, and the developer of the iconic World Trade Center Colombo.

DFCC Bank extends a very special Home Loan to any individual securing an apartment at Havelock City. A Fixed income earner, professional or a self-employed individual with an income sufficient to meet the monthly loan commitment is eligible to apply for a DFCC Home Loan. Applicants could opt for a pre-approved Home Loan for which credit approval will be provided within 3 working days. A team of professionals are available at every DFCC Branch to offer extended support throughout the transaction.

The DFCC Home Loan offered to customers of Havelock city apartments include very special features such as a Grace period, waivers of early settlement fees and structured facilities.

DFCC Bank has a strong branch network which is strategically located throughout the country to cater to the needs of customers. They also have a fleet-on-street comprising of over 140 Banking Executives dedicated to serve the customer at their doorstep. As customers face the challenge of finding time to visit the bank, DFCC is fully geared to serve their customers at a time and place of their convenience. Furthermore, they are geared to serve their customers through the available digital channels where applying for a loan is just a click away.



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LOLC Al-Falaah unveils pioneering Wadi’ah Gold-Storage Facility with multiple customer benefits

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Sri Lanka’s most awarded and trusted Alternate Financial services brand, LOLC Al-Falaah recently unveiled their ground-breaking new product – the Wadi’ah Gold Loan Facility. This is the 1st time a Finance company in Sri Lanka is offering this facility. Al-Falaah Wadi’ah is a unique gold storage option offered to Al-Falaah’s valued customer base. All gold articles are tested for quality and authenticity using state-of-the art equipment by the company’s experienced staff without causing any damage to the jewellery. A unique ‘Gold Storage Certificate’ with the description of articles, including weight, quality and quantity along with the market value will be issued to the customer when obtaining this facility.

Speaking about the new product, Mr. Shiraz Refai, Deputy General Manager of LOLC Al-Falaah said, “Gold is a favourite investment option at all levels within the concentrated community. The metal is usually pawned, sold or exchanged when in need of cash. As the conventional Pawning options and Gold Loan offering has limitations to cater to the specific needs, as well as contradict with certain beliefs of the community, a concept acceptable and practiced in the industry is introduced by LOLC’s Alternate Financial Services Unit to its valued customer segment”.

Accordingly, a unique feature has been introduced to the Al-Falaah Wadi’ah Gold Storage facility offering the Customer the benefit of obtaining an interest-free maximum Cash-Advance in the industry at zero mark-up against the gold storage certificate value for any emergencies. In addition, for the convenience of the customers, the Gold storage facility period is extended from 3, 6 and 12 months without any requirement for a deposit and the custodial fees are comparatively competitive. The stored gold articles will also be offered a free Takaful cover with a reassurance of highest safety and security.

The Al-Falaah Wadi’ah gold storage facility will be initially available at selected branches including Wellawatta, Akkaraipattu, Kalmunai, Pottuvil, Grandpass, Maradana, Mawanella, Matara, Nawalapitiya and Negombo. Al-Falaah aims to make the facility available across all LOLC Finance branches and dedicated Al-Falaah centers island-wide by the end of the 1st quarter of 2021.

Commenting on the new Al-Falaah Wadi’ah Gold loan facility, Nishantha Jayasekera, Chief Manager, SME Unit & Head of Gold Loan Business of LOLC Finance said, “The main aim of this facility is to give financial-access to the grass-root level clients who do not have direct access to banking & finance, but require small cash advances to develop daily businesses and self-employment. Through this product and its value added features, we hope to cover all segments of the population”.

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LANKATILES donates high-end ventilator to Colombo North Teaching Hospital

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A Rs. 4.3 million ventilator has been donated to the Coronary Care Unit of the Colombo North Teaching Hospital, Ragama, by LANKATILES, the country’s leading tile manufacturer.

The machine was described as a high-end, world-class piece of equipment suitable for all patient groups.

Present at the official hand-over were Mr Mahendra Jayasekera, Managing Director of Lanka Walltiles PLC and Lanka Tiles PLC, Dr. S. P. A. Liyanage Ranaweera, Director of Colombo North Teaching Hospital, and Dr. Sanjeewa Rajapakse, Consultant Cardiologist of the hospital.

At a time when state-of-the-art equipment is urgently needed to contain the COVID-19 pandemic, LANKATILES reaffirmed its commitment to help frontline hospital staff in their efforts at reducing the spread of the virus and easing patient numbers.

The company said this was a commitment it is ready to stand by at all times in the interests of the country.

 

 

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Sampath Bank hosts Central Bank’s ‘MatarataQR’ event to promote QR code use

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Matara, April 3rd, 2021: Sampath Bank PLC recently hosted the Central Bank of Sri Lanka’s (CBSL) MatarataQR event, in a bid to drive awareness and increase acceptance and usage of LANKAQR, the common Quick Response (QR) code standard for the country that was introduced in 2020.

Encouraging consumers to adopt the use of QR codes in their day-to-day transactions, the event was held at the Sanath Jayasuriya Grounds in Matara under the patronage of the Chief Guest, Dullas Alahapperuma, Minister of Power and Guest of Honour, D. Kumaratunga, Director – Payments and Settlements, Central Bank of Sri Lanka; along with senior officials from the CBSL, other commercial banks and financial institutions. Sampath Bank was represented by Nanda Fernando – Managing Director; Tharaka Ranwala – Senior DGM – Operations / Group Chief Marketing Officer and Ajith Salgado – Group Chief Information Officer.

At the event, the Bank actively promoted its ‘WePay’ mobile wallet which helped attract more customers while also onboarding new merchants. A 25% cash back was on offer for payments at over 200 merchants in Matara on the day, made via the LANKAQR enabled WePay digital mobile payment app.

“We are very proud to partner with the Central Bank to host this event that will highlight the safety, convenience and speed of getting onboard the LANKAQR payment standard to the people of Matara. These benefits, coupled with the advanced digital banking solutions offered by Sampath Bank, make it a simple choice to migrate to digital payment technology and we warmly invite the merchants in Matara to come experience the benefits of adopting this new method of payments,” said Nanda Fernando, Managing Director, Sampath Bank PLC.

Sampath Bank is a 100% local bank that has deeply rooted itself in the lives of the people of Sri Lanka. Established in 1987, the bank has become a state-of-the-art financial institution that continues to be a market leader today thanks to its constant innovation and customer focused approach to business. It has introduced many firsts to the Sri Lankan banking sector including introducing ATMs to Sri Lanka, extended banking hours and slip-less banking to name a few. The Bank is steadily transforming itself into a ‘tech company engaged in banking,’ from the traditional approach of a bank engaged in technology.

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