Banking and Finance

Fair Share

Mar 13, 2011 (LBO) - Sri Lanka's Central Bank is expected to order commercial banks to limit use of bank guarantees to apply for shares in initial public …

Banking Rules

Mar 10, 2011 (LBO) - Sri Lanka's banking regulator is examining bonuses and compensation packages of bankers to see if they are excessive with the aim of …

Spreading Out

Mar 10, 2011 (LBO) - Sri Lanka's Sampath Bank said it plans to set up 40 branches this year, including some in the former north-east war zone, hire more staff …

Finance Rating

Mar 08, 2011 (LBO) - Sri Lanka's Fitch Ratings said it had confirmed a 'BB-(lka)' rating of Edirisinghe Trust Investment Ltd's (ETI), a registered finance …

Handling Risk

Mar 07, 2011 (LBO) - South Asian financial sector professionals should share experiences and build networks to provide support in future in handling financial …

Growth Year

Mar 03, 2011 (LBO) - Sri Lanka's state-run Bank of Ceylon group said profits for the December 2010 quarter grew 77. online pharmacy buy bactrim with best …

Cash Call

Mar 02, 2011 (LBO) - Sri Lanka's Seylan Bank now being restructured under regulatory supervision said will raise 4. buy lexapro online …

Downgrade

Mar 01, 2011 (LBO) - Sri Lanka's Lanka Orix Leasing Company has been downgraded by one notch to 'A-(lka)' by Fitch Ratings, with a 'negative' outlook on higher …

Lower Outlook

Mar 01, 2011 (LBO) – Sri Lanka's Lanka Orix Finance Company outlook has been lowered from 'stable' to 'negative' on weak capitalization following rapid …

Finance Listing

Mar 01, 2011 (LBO) - Sri Lanka's Senkadagala Finance, a registered finance company, has been given the nod to list on the second board of Colombo Stock …

Bank Numbers

Feb 28, 2011 (LBO) - Sri Lanka's Hatton National Bank said group net profit for the December 2010 quarter was up two percent to 1. online pharmacy buy …

Bank Status

Feb 28, 2011 (LBO) - Sri Laka's Seylan Bank, under regulatory re-structuring reported a 387. online pharmacy buy cymbalta with best prices today in the USA 2 …

Bank Rating

Feb 28, 2011 (LBO) - RAM Ratings Lanka has assigned a long-term BBB rating to Union Bank with a stable outlook and a short-term rating of P3, a statement said. …

Double Profits

LONDON, February 28, 2011 (AFP) - Banking giant HSBC said on Monday that its net profit more than doubled to $13.16 billion (9.56 billion euros) last year as …

Net Margins

Feb 24, 2011 (LBO) - Sri Lanka's Commercial Bank said profits in the December 2010 quarter rose 46.8 percent to 1.77 billion rupees while the full year profits …

Bankers’ Parley

Feb 24, 2011 (LBO) - The heads of east Asian central banks begin a meeting in the Sri Lankan capital Colombo Friday to discuss challenges facing monetary …

Bank Net

Feb 24, 2011 (LBO) - Sri Lanka's NDB Bank's net profit for the December 2010 quarter rose 25 percent to 607 million rupees from a year earlier while the full …

Merchant Profits

Feb 23, 2011 (LBO) - Merchant Bank of Sri Lanka (MBSL), a unit of state-run Bank of Ceylon said group profits for December 2010 rose 243 percent on wider …

Motor Sale

Feb 22, 2011 (LBO) - United Motors, local agents in Sri Lanka for brand new Mitsubishi vehicles, has sold its subsidiary Orient Financial Services Corporation …

Margin Growth

Feb 21, 2011 (LBO) - Sri Lanka's Nations Trust Bank's (NTB) net profit for the 2010 financial year rose 58 percent to just over a billion rupees from a year …