State Banking
June 20, 2010 (LBO) - Lankaputhra Development Bank, a state bank set up to fulfill an election promise, has increased its bad loans to 55. online pharmacy …
Banking and Finance
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Bank Numbers
June 14, 2010 (LBO) –Indian Bank's March quarter profits rose 32.4 percent to 296.3 million rupees on lower operating costs and reversals on provisions, …
Steady Steps
June 10, 2010 (LBO) - Sri Lanka's Citizens Development Business Finance says it has maintained profitability and managed non performing loans last year in a …
Northern Reach
June 08, 2010 (LBO) - Sri Lanka's Nations Trust Bank has opened a branch in the former war zone of northern Jaffna whose economy is reviving with the end of …
Global Member
June 07, 2010 (LBO) - Sri Lankan banker Nilam Jayasinghe, a former chief of the Sri Lanka branch of CIMA, a UK accounting body, has been elected to its global …
Credit Enhancement
NEW YORK, June 3, 2010 (AFP) - Credit rating agencies came under fire for their role in the global financial crisis Wednesday, as US investigators grilled …
Bank Sale
June 02, 2010 (LBO) - A 9.8 percent slice of Sri Lanka's Commercial Bank of Ceylon was sold by 30 percent shareholder DFCC Bank to a foreign buyer for 5.8 …
Cash Flow
June 02, 2010 (LBO) – Sri Lanka's The Finance Company (TFC) cash flows have turned positive after a run on deposits in early 2009 and its real estate …
Card Growth
May 31, 2010 (LBO) - Sri Lanka's banks have started to issue new credit cards ending a steady contraction seen during 2009, amid an overall growth in …
Lease Growth
May 31, 2010 (LBO) - Sri Lanka's Commercial Leasing Company will raise 700 million rupees through a senior unsecured debenture which has been rated 'A-(lka)' …
Lease Growth
May 28, 2010 (LBO) - Sri Lanka's People's Leasing Company, a unit of state-run People's Bank is planning to raise 500 million rupees from a 4-year debenture …
Flat Quarter
May 28, 2010 (LBO) - Sri Lanka's Deutsche Bank unit's March 2010 quarter profits were flat at 235.2 million rupees on lower net interest income balanced by …
Northern Reach
May 25, 2010 (LBO) - Six new bank branches are to be opened next month in Sri Lanka's northern province which is recovering from the effects of war, the …
Higher Marks
May 24, 2010 (LBO) - Fitch Ratings Lanka has upgraded the ratings of two regional development banks (RDBs) and confirmed those of four others as their …
Credit Track
May 24, 2010 (LBO) - Loans to private borrowers from Sri Lanka's commercial banks grew 23 billion rupees in March, the biggest monthly gain since credit …
Foreign Remittance
May 21, 2010 (LBO) – Inward remittances handled by Sri Lanka's Bank of Ceylon (BOC) rose 22.7 percent in April 2010 despite other private commercial …
Off Curve
May 20, 2010 (LBO) - Sri Lanka's HDFC Bank's profits for the March 2010 quarter soared to 224 million rupees turning around from a loss of 52 million a year …
Multi Finance
May 18, 2010 (LBO) - Ram Ratings Lanka said it had confirmed the 'BB'- long term rating and NP short term rating of Sri Lanka's Multi Finance Company Limited …
Finance Numbers
May 18, 2010 (LBO) – Central Finance Company Limited (CFCL) group March quarter profits dipped 11 percent to 298.2 million rupees due to a steep jump in …
Forex Hit
May 17, 2010 (LBO) – Sri Lanka's Bank of Ceylon March quarter profits fell 13.2 percent to 664.7 million rupees from a year ago on lower foreign exchange …