Banking and Finance

Liquidity Support

Dec 16, 2009 (LBO) - Sri Lanka's central bank said it will guarantee loans given by banks to registered leasing and finance companies in liquidity trouble, …

Rating Trend

Dec 11, 2009 (LBO) – Fitch Ratings Lanka confirmed the long-term rating of BB+(lka) and a stable outlook for Trade Finance and Investments (TFI) Limited, …

Rate Rap

Dec 11, 2009 (LBO) - Sri Lanka's Central Bank has asked banks to sharply reduce interest rates charged on credit cards, saying they had enough room to do so as …

Executive Care

Dec 09, 2009 (LBO) - Sri Lankan banks have been urged to select their boards of directors with care to ensure they hire capable people with integrity and not …

Bank Watch

Dec 08, 2009 (LBO) - Sri Lanka's Central Bank is to introduce a mandatory deposit insurance scheme, strengthen bank supervision and launch an internal rating …

Risk Cover

Dec 08, 2009 (LBO) - The Asian Development Bank (ADB) said it has signed trade finance agreements with three Sri Lankan banks that will help them provide loans …

Guarantee Status

Dec 07, 2009 (LBO) - Finance and Guarantee Company Limited, a regulated finance company in the troubled Ceylinco group will be renamed The Island Finance …

Leasing Upturn

Nov 30, 2009 (LBO) - People's Leasing Company, Sri Lanka's largest leasing firm, says demand for new leases is picking up with interest also from former …

Capital Strength

Nov 30, 2009 (LBO) - Fitch Ratings said it has confirmed the National Long-term rating of Sri Lanka's Senkadagala Finance Company (SFC) at 'BBB+(lka)' with a …

Troubled Times

Nov 27, 2009 (LBO) - Sri Lanka's The Finance Company, a firm in the troubled Ceylinco group that is being re-structured under regulatory supervision, has been …

State Banking

Nov 19, 2009 (LBO) - Sri Lanka's state-run Lankaputhra Development Bank (LDB) has received an 'A' rating on state support, Ram Ratings Lanka said but the …

Capital Measures

Nov 18, 2009 (LBO) - Sri Lanka's The Finance Company, which ran out of capital at the end of the September 2009 quarter, said it was cutting deposit rates and …

Finance Loss

Nov 17, 2009 (LBO) - Sri Lanka's The Finance Company, a firm being re-structured under regulatory supervision, said it lost 835 million rupees in the September …

Tight Numbers

Nov 16, 2009 (LBO) - Sri Lanka's state-run Bank of Ceylon group's profit fell 63. buy vibramycin online …

Strong Numbers

Nov 16, 2009 (LBO) - Sri Lanka's NDB Bank said net profits for the September 2009 quarter was up 75-pct to 615 million rupees from a year earlier, while …

Tight Quarter

Nov 13, 2009 (LBO) - Sri Lanka's Commercial Bank's profits grew 3.5 percent to 971 million rupees in the September quarter from a year earlier with lower …

Bank Margins

Nov 13, 2009 (LBO) - Sri Lanka Nation's Trust Bank, a unit of John Keells Holdings said net profits grew 28 percent to 173.9 million rupees in the September …

Bank Number

Nov 10, 2009 (LBO) - Sri Lanka's Hatton National Bank (HNB) said September quarter group profit rose 17 percent to 945 million rupees with interest margins …

Bank Numbers

Nov 10, 2009 (LBO) – Sri Lanka's Pan Asia Banking Corporation (PABC) said September quarter profits rose 49 percent to 69 million rupees on income from …

Profit Margins

Nov 05, 2009 (LBO) - Sri Lanka's Sampath Bank group's net profit for the September 2009 quarter rose 35.8 percent from a year earlier, as margins improved with …