Bank Numbers
Feb 14, 2011 (LBO) - The December 2010 quarter net profit at Sri Lanka's Sampath Bank almost doubled to 1.4 billion rupees from a year ago with basic earnings …
Banking and Finance
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Finance Quality
Feb 14, 2011 (LBO) - Sri Lanka's registered finance companies (RFCs) are gradually recovering from the weakened economic climate that prevailed in 2008 and …
Margin Gains
Feb 10, 2011 (LBO) - Sri Lanka's Central Finance, a regulated finance firm said net profits for the December 2011 quarter rose 72 percent to 472 million rupees …
Changing Control
Feb 10, 2011 (LBO) - Sri Lanka's Distilleries Group has struck a deal to sell a controlling stake in the island's pioneering unit trust management company, …
Fresh Start
Feb 10, 2010 (LBO) - Sri Lanka's Union Bank which is going for an initial public offer selling 15 million shares at 25 rupees after its capital was boosted by …
Appointment
Feb 09, 2011 (LBO) - Sri Lanka's Seylan Bank has appointed Tilan Wijeyesekera an industry veteran with experience in financial services and consumer goods, to …
Transport Lease
Feb 03, 2011 (LBO) - Sri Lanka's SMB Leasing (SMBL) and Lanka Ashok Leyland (LAL) have begun importing luxury tourist coaches amid a boom in tourist arrivals …
Rating Upgrade
Feb 03, 2011 (LBO) - Fitch Ratings Lanka has upgraded Vallibel Finance's (VFL) rating to 'BB-(lka)' from 'B+(lka)' with a stable outlook, a statement said. …
Red Ink
Feb 03, 2011 (LBO) - Sri Lanka's The Finance Company, being restructured under regulatory supervision, has managed to reduce losses in the December 2010 …
Bank Issue
Feb 02, 2011 (LBO) - The Colombo Stock Exchange has approved a public share offer by Sri Lanka's Union Bank to raise 375 million rupees by issuing 15 million …
Islamic Banking
Feb 02, 2011 (LBO) - The Monetary Board of the Central Bank of Sri Lanka has given a commercial banking license to Amana Bank, a statement said. Islamic …
Upgraded
Feb 01, 2011 (LBO) - Sri Lanka's People's Leasing Finance (PLF), a unit of Peoples Leasing Company by one notch to 'BBB(lka)' with a stable outlook, on …
Cement Rating
Feb 01, 2011 (LBO) - Sri Lanka's Tokyo Cement Company (Lanka) Ltd has been rated 'A' by Ram Ratings on its strong market position and balance sheet against its …
Leasing Strength
Feb 02, 2011 (LBO) - Sri Lanka's Fitch Ratings has today confirmed Sri Lanka's People's Leasing Company's long term rating of 'A(lka)' with a stable outlook on …
Different Roads
Jan 31, 2011 (LBO) - Sri Lanka's People's Merchant Bank will not take over the assets and liabilities of a finance company whose shares it has acquired but …
Finance Capital
Jan 28, 2011 (LBO) - Sri Lanka's listed The Finance Company, which is in a restructuring drive under regulatory supervision said it had raised 1. online …
Stock Carrots
Jan 28, 2011 (LBO) - Sri Lanka's Sampath Bank said it intended to give stock options of up to three million shares to employees as a performance incentive if …
Finance Rating
Jan 27, 2011 (LBO) - Sri Lanka's Arpico Finance Company's long-term rating has been confirmed at BB and its outlook lifted 'positive' from 'stable' on better …
Standard Measures
Jan 26, 2011 (LBO) - The Sri Lanka chapter of US based Chartered Financial Analysts (CFA) is promoting the adoption of Global Investment Performance Standards …
Text Reminders
Jan 20, 2010 (LBO) - Sri Lanka's credit information office is planning a text message alert service by mobile phone for borrowers who forget to make credit …