Overview
- Union Assurance (JKH Stake : 90%)
- Committed to a “digital first” business model with an investment of over Rs. 800Mn to become the largest digital insurer in Sri Lanka
- Developing Bancassurance channels - 53% growth in 2017
- Nations Trust bank (NTB) witnessed encouraging growth of loans and advances, and deposits at 25 per cent and 28 per cent, exceeded the industry average.
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The Bank launched “FriMi”, the country’s first digital bank, which enables the opening of a bank account through a smart device. “FriMi” is a next generation bank account, payment system and e-wallet that will offer convenience, speed and added value
to users on one integrated digital platform.
- Despite subdued local investor sentiment the Stock Broking business of the Group, John Keells Stock Brokers(JKSB) witnessed growth