Banking and Finance

Finance Deficit

Feb 23, 2010 (LBO) - Sri Lanka's The Finance Company said its loss for the December quarter shot up to 626 million rupees from a loss of 86 million rupees a …

Market Reach

Feb 22, 2010 (LBO) – The Sri Lanka unit of HSBC bank said it was launching a personal banking service targeting what it called the ˜mid-market’ …

Trading Gains

Feb 22, 2010 (LBO) - Sri Lanka's National Development Bank's December 2009 quarter profits fell 10 percent to 484 million rupees from a year earlier, but full …

Financial Fallout

Feb 19, 2010 (LBO) – Sri Lanka’s registered finance companies, which were shaken last year by the collapse of an unregulated firm, may see …

Healing Numbers

Feb 18, 2010 (LBO) - Sri Lanka's Seylan Bank group said losses narrowed to 16.5 million rupees in the December quarter from 689 million a year ago and that it …

Lost Gains

Feb 18, 2010 (LBO) – Sri Lanka’s Commercial Bank said dividends not claimed by shareholders after six years are to be considered forfeited from …

Bank Profits

Feb 16, 2010 (LBO) – Sri Lanka's DFCC Bank group December quarter profits dipped 11.1 percent to 566.6 million rupees from a year earlier due to higher …

Appointment

Feb 13, 2010 (LBO) - Sri Lanka's central bank said P D J Fernando, a senior official with 33 year's of experience has been appointed deputy governor. buy …

Northern Finance

Feb 13, 2010 (LBO) - Sri Lanka's central bank is planning a 100 million US dollar re-finance fund for the northern Jaffna peninsular which is seeing an …

Financial Links

Feb 12, 2010 JAFFNA (LBO) - A branch of HSBC which opened in Sri Lanka's northern Jaffna peninsular will strengthen financial ties with the rest of the country …

Retail Network

Feb 11, 2010 (LBO) – Sri Lanka’s LB Finance said December quarter net profit rose 47 percent to 123 million rupees from a year ago and that it was …

Weak Spots

Feb 11, 2010 (LBO) - Fitch Ratings said it has downgraded Sri Lanka's Abans’ (ABL) National Long-term rating to 'A-(lka)' from 'A(lka)' with a stable …

Bank Health

Feb 10, 2010 (LBO) - Sri Lanka's banks have been hit by bad loans in 2009, but have maintained required capital levels and asset quality is improving with the …

Opened Up

GENEVA, February 7, 2010 (AFP) - After relentless international pressure on Swiss banking secrecy, history came full circle last week when Germany decided to …

Rail Finance

Feb 07, 2010 (LBO) - Sri Lanka is financing the purchase of rails to re-build tracks in the former war-torn eastern areas with loans from Hatton National Bank …

Bank Spread

February 4, 2010 (AFP) - Banking giant HSBC will open a branch in Sri Lanka's former war zone, the first foreign bank to do so since the end of the country's …

Share Split

Feb 01, 2010 (LBO)- Sri Lanka's Sampath Bank plans to give shareholders an extra share for every 10 held by them in a share split that would increase total …

Even Keel

January 27, 2010 (LBO) – Sri Lankan finance company Vallibel Finance had its long term rating of 'B+(lka) and stable outlook confirmed by Fitch Ratings …

Obituary

January 26, 2010 (LBO) – Sri Lanka's former governor of the central bank Dr. H Karunatilake died on January 24, the bank said in a statement. He also …

Peace Banking

Jan 25, 2010 (LBO) - Sri Lankan banks have opened 25 branches in former war torn areas in the north and the east of the island since the end of an internal …