Banking and Finance

Lucky Thirteen

Apr 18, 2011 (LBO) - Sri Lanka's Commercial Bank has been chosen as the 'Best Bank in Sri Lanka' for the 13th successive year by the Global Finance magazine. …

Branch Support

Apr 11, 2011 (LBO) - Fitch Ratings Lanka said that Standard Chartered Bank's Sri Lanka branch's (SCBSL) 'AAA(lka)' national long-term rating will not be …

Banking Ties

Apr 10, 2011 (LBO) - Amana Bank, Sri Lanka's first licensed commercial bank operating on Islamic banking principles will receive technical support from Bank …

Loan Forecast

Apr 08, 2011 (LBO) - Loans by Sri Lanka's listed commercial banks will grow 25 percent in 2011, up from 22. online pharmacy buy diflucan with best prices today …

Director Controversy

Apr 01, 2011 (LBO) - Sri Lanka's Commercial Bank of Ceylon has released a statement on the action led by state-connected shareholders to oppose the re-election …

Outlook Upgrade

Apr 01, 2011 (LBO) - Fitch Ratings Lanka has raised Ceylease Financial Services' rating outlook to stable from negative and confirmed its 'BB+(lka)' rating. …

Director Changes

Mar 30, 2011 (LBO) - A director of Sri Lanka's listed Commercial Bank of Ceylon has stepped down amid pressure from the state, deepening a controversy over …

Alternative Finance

Mar 29, 2011 (LBO) - Sri Lanka expects to devise Islamic finance specific regulations this year following ongoing consultations with the industry, though the …

Risk Cover

Mar 29, 2011 (LBO) - The International Finance Corporation (IFC) said it will provide a five million US dollar trade-finance facility to Sri Lanka's Union Bank …

Finance Sale

Mar 29, 2011 (LBO) - Sri Lanka's People's Merchant Bank, a listed company, said it will sell People's Merchant Finance Company Ltd, a 99 percent owned …

Credit Trend

Mar 28, 2011 (LBO) - Sri Lanka loans to business from commercial banks rose 28.1 percent in January 2011 from a year earlier to 1,530 billion rupees, central …

Exposure Limits

Mar 25, 2011 (LBO) - Sri Lanka's banking regulator plans to limit exposure of banks to the stock market to prevent the risk of a downturn in equities affecting …

Credit Access

Mar 25, 2011 (LBO) - Sri Lanka's NDB Bank has joined a World Bank credit scheme to channel low cost loans to small and medium enterprises (SMEs) through eight …

Recovery Road

Mar 25, 2011 (LBO) - Fresh capital will soon be given to the remaining Sri Lankan finance companies that got into trouble two years ago, prompting intervention …

Regulated Listing

Mar 22, 2011 (LBO) - Senkadagala Finance, a closely-held registered finance company, was allowed to trade on Colombo's Stock Exchange on March 22, but there …

Debt Rating

Mar 21, 2011 (LBO) - Fitch Ratings Lanka has assigned Senkadagala Finance Company's (SFC) proposed senior unsecured redeemable listed debentures of up to a …

Islamic Finance

Mar 19, 2011 (LBO) - Top organizations representing Sri Lanka's lawyers and accountants have brought together experts in Islamic finance to broaden …

Loan Rate

Mar 17, 2011 (LBO) - Sri Lanka's Commercial Bank said it is accepting application for loans which has repayment periods of up to 10 years under a small and …

Cyber Threat

Mar 17, 2011 (LBO) - Sri Lankan bank customers have been warned by the Information and Communications Technology Agency to be wary of financial fraud by …

Fast Cash

Mar 16, 2011 (LBO) - Customers of Sri Lankan banks will be able to get cash over-the-counter quicker from April 01, following technical upgrades to speed up …