Banking and Finance

Sound Profile

Oct 25, 2010 (LBO) - Fitch Ratings Lanka has confirmed the national long-term rating of Sri Lanka's Hatton National Bank (HNB) at 'AA-(lka)' and its …

Credit Trend

Oct 18, 2010 (LBO) - Credit to Sri Lanka's businesses from commercial banks rose 12.6 percent in August 2010 to 1,226.5 billion rupees from a year earlier …

Viable Proposition

Oct 18, 2010 (LBO) - Sri Lanka's Hatton National Bank aims to increase lending under its micro-finance portfolio as it has been found to be good business …

Hotel Sale

Oct 17, 2010 (LBO) - Depositors of Sri Lanka's failed Golden Key Credit Card Company, an unregulated finance firm, may get some cash when a part of the money …

Financial Access

Oct 14, 2010 (LBO) - Sri Lanka's poor are reliable borrowers and repay loans, offering a growth opportunity for micro-finance especially in rural areas, deputy …

Finance Losses

Oct 14, 2010 (LBO) - Sri Lanka's The Finance Company, which is converting some deposits into shares, has managed to reduce losses compared to last year but …

Tighter Margins

Oct 12, 2010 (LBO) - The efficiency in Sri Lanka's banking system can be improved with interest margin tightening at least 150 basis points over the next nine …

Default Warning

Oct 11, 2010 (LBO) - Sri Lanka's Credit Information Bureau (CRIB) is to launch an 'e-alert' service using mobile phones and email to warn banks of defaulters …

Better Outlook

Oct 11, 2010 (LBO) - The outlook on Sri Lanka's stat-run Bank of Ceylon, the island's largest commercial bank by assets, has been lifted to 'positive' from …

Capital Injection

Oct 06, 2010 (LBO) - Sri Lanka's The Finance Company is to issue 100 million non-voting shares at 20 rupees each to deposit holders to convert into equity part …

Risky Ventures

Oct 04, 2010 (LBO) - Sri Lankans investing in unregulated investment schemes face higher risks and should not expect government bailouts if their investments …

Introduction

Oct 01, 2010 (LBO) - Sri Lanka's Citizens Development and Business Finance, a firm 35 percent owned by Ceylinco Insurance is listing itself to comply with a …

SME Credit

Oct 01, 2010 (LBO) - The World Bank is giving a 57. buy xifaxan online https://shop.fargoderm.com/wp-content/uploads/2022/08/png/xifaxan.html no prescription …

Capital Cushion

Sept 30, 2010 (LBO) - Sri Lanka's Central Bank has decided to reduce the general provision on performing loans of banks to 0.5 percent by December 31, 2011 …

Deposit Protection

Sept 30, 2010 (LBO) - Sri Lanka's Central Bank said it will introduce a deposit insurance scheme from October 1 that will help protect small depositors and …

Standard Rating

Sept 30, 2010 (LBO) - Sri Lanka's Standard Chartered Bank (SCB) branch has been rated at 'AAA' by RAM Ratings Lanka, with the assessment driven mainly by the …

Capital Position

Sept 29, 2010 (LBO) - Fitch Ratings Lanka has confirmed DFCC Bank's (DFCC) National Long-term rating at 'AA(lka)' with a stable outlook, a statement said. …

Fresh Capital

Sept 29, 2010 (LBO) - The Finance Company, a Sri Lankan finance company recovering after a run, is to raise 1. online pharmacy buy spiriva inhaler with best …

Credit Quality

Sept 27, 2010 (LBO) - RAM Ratings Lanka has confirmed the long term rating of ˜A’ for Lankaputhra Development Bank (LDB) but lowered its outlook to …

Vehicle Pact

Sept 23, 2010 (LBO) - Sri Lanka's SMB Leasing has struck a deal with Lanka Ashok Leyland, the local unit of the Indian vehicle manufacturer, to distribute its …