Banking and Finance

Finance Appetite

Dec 15, 2010 (LBO) - An initial public offer by Singer Finance (Lanka) to raise 400 million rupees by offering 26.66 million shares at 15 rupees each was …

Niche Focus

Dec 15, 2010 (LBO) - RAM Ratings Lanka has upgraded Co-operative Insurance Company Limited's (CICL) claims-paying ability rating to BB+ from BB with a stable …

Asset Quality

Dec 14, 2010 (LBO) - RAM Ratings Lanka has given Citizens Development Business Finance (CDB) a long-term financial institution rating of BBB- with a stable …

Prime Trend

Dec 13, 2010 (LBO) - Bad loans at Sri Lanka's commercial banks are falling, and profits are rising and credit growth is picking up as the economy recovers and …

Credit Control

Dec 13, 2010 (LBO) - Fitch Ratings Lanka has confirmed Senkadagala Finance Company's (SFC) national long-term rating at 'BBB+(lka)' with a stable outlook, a …

Sub Prime

Dec 13, 2010 (LBO) - Sri Lanka's finance companies, the island's sub-prime lenders, have returned to profits and strengthened capital, but bad loans were still …

Card Push

Dec 10, 2010 (LBO) - Sri Lanka's Sampath Bank is pushing strongly into credit cards and is already on the third slot and is on track to top 100,000 cards early …

Finance Rating

Dec 10, 2010 (LBO) - Fitch Ratings Lanka has confirmed Central Finance Company's (CF) National Long-term rating at 'A+(lka)' with a stable outlook, a statement …

Small Business

Dec 10, 2010 (LBO) - Sri Lanka has been included in an Asian Development Bank scheme where it invests in a private equity fund to expand microfinance and small …

Convenient Card

Dec 09, 2010 (LBO) - Sri Lanka's Commercial Bank has begun issuing chip-integrated credit and shopping debit cards under the Visa brand, a statement said. The …

Credit Upturn

Dec 04, 2010 (LBO) - Sri Lanka's loans to private citizens from commercial banks grew 15. online pharmacy buy cymbalta with best prices today in the USA buy …

Consumer Finance

Dec 02, 2010 (LBO) - Singer Finance (Lanka), a subsidiary of the Sri Lankan unit of the Singer multinational, plans to raise 400 million rupees by offering 26. …

Credit Upturn

Dec 02, 2010 (LBO) - Sri Lanka's HSBC unit is seeing a steep increase in corporate lending as the island recovers from a 30-year war and the country is …

Steady State

Nov 29, 2010 (LBO) - Sri Lanka's Nations Trust Bank (NTB) 'A (lka)' long term rating has been confirmed with a 'stable' outlook, Fitch Ratings Lanka said.buy …

Be Nice

Nov 28, 2010 (LBO) - Sri Lanka's central bank will support friendly mergers of banks, which can be difficult due to existing regulations, a media report said. …

Rating Strength

Nov 26, 2010 (LBO) - Sri Lanka's HSBC branch's 'AAA(lka)' long term rating has been confirmed with a 'stable' outlook backed by the 'AA' rating of Hongkong & …

Money Trail

Nov 25, 2010 (LBO) - Sri Lanka's central bank has signed a deal with the central bank in Bangladesh to share financial information in tackling money laundering …

Open Exchange

Nov 23, 2010 (LBO) - Sri Lanka has allowed residents to buy stocks abroad and foreign investors have been allowed to buy into local corporate debt and insurers …

Bank Rates

Nov 23, 2010 (LBO) - Sri Lankan banks should provide more long-term loans and tax cuts in the government budget for 2011 are meant to encourage longer maturity …

Fed Hack

NEW YORK, November 18, 2010 (AFP) - A sophisticated Malaysian cyber bandit hacked into the US Federal Reserve's computers and also stole nearly half a million …