Banking and Finance

Higher Margins

Nov 04, 2009 (LBO) - Sri Lanka's DFCC Bank has reported group net profits up 73 percent to 823 million rupees for the September 2009 quarter, from a year …

Fiscal Rates

Oct 31, 2009 (LBO) - Sri Lanka finance ministry would issue a circular directing state banks to cut lending rates and there was a possibility of private banks …

Rate Cut

Oct 29, 2009 (LBO) - Sri Lanka's state-run People's Bank said it was cutting lending rates for a range of sectors following a presidential directive to give …

Rate Impact

Oct 29, 2009 (LBO) - State banks were scrambling to give effect to an order to cut lending rates, but their balance sheets of state banks are likely to be hurt …

Debt Prowess

Oct 28, 2009 (LBO) - HSBC, an international bank, which said it had helped raise two billion dollars for Sri Lankan infrastructure has been named the best …

Settlement

Oct 28, 2009 (LBO) - Commercial Bank of Ceylon said it had been appointed as the second bank to settle payments for securities trades in the Colombo Stock …

Rate Order

Oct 27, 2009 (LBO) - Sri Lanka's president Mahinda Rajapaksa has ordered a sweeping 700 basis point cut in state bank lending rates, lifting of penal rates and …

Better Showing

Oct 26, 2009 (LBO) - Sri Lanka's listed Seylan Bank group has reported profits of 397. online pharmacy buy tamiflu with best prices today in the USA buy …

Obituary

Oct 24, 2009 (LBO) - Uthum Herat, the deputy governor of Sri Lanka's central bank, a deeply respected and much-loved official who has served the country for 27 …

Deposit Franchise

Oct 22, 2009 (LBO) - RAM Ratings Lanka said it has assigned long- and short-term financial institutions rating of A and P1 to Sri Lanka's State Mortgage and …

Big Number

Oct 21, 2009 (LBO) –Sri Lanka's The Finance Company (TFC), a former unit of the troubled Ceylinco Group, said it made a 2.5 billion rupee loss in 2008, …

Takeover

Oct 15, 2009 (LBO) - Sri Lanka's People's Merchant Bank (PMB), an investment bank which is 39 percent owned by state-run People's Bank, said it will acquire a …

On Target

Oct 08, 2009 (LBO) – Sri Lanka's state-owned National Savings Bank (NSB) had exceeded its 2009 deposit mobilization target of 30 billion rupees by the …

Regaining Confidence

Oct 07, 2009 (LBO) - Sri Lanka needs to introduce restrictions on single-shareholder stakes and multiple ownership of registered finance companies (RFCs) by a …

Key Players

Oct 05, 2009 (LBO) - Lanka Orix Leasing Company (LOLC) and Brown and Company Limited, two related parties may own 20 percent of Seylan Bank after a capital …

Share Stakes

Oct 03, 2009 (LBO) - State-run Merchant Bank of Sri Lanka (MBSL) chairman Janaka Ratnayake owns a large stake in a Ceylinco group company in which the state …

Merchant Reach

Oct 02, 2009 (LBO) - Merchant Bank of Sri Lanka (MBSL) said it had raised its stake in Ceylinco Investment Company, part of the troubled Ceylinco group, to 46 …

Fresh Capital

Oct 02, 2009 (LBO) - Sri Lanka's Seylan Bank said its public share issue of 54. online pharmacy buy spiriva inhaler with best prices today in the USA 29 …

Fresh Capital

Sept 30, 2009 (LBO) - Sri Lanka's state-owned Bank of Ceylon said it has bought a 10 percent stake in Seylan Bank, once part of the troubled Ceylinco group. …

Top Marks

Sept 28 (LBO) - Fitch Ratings Lanka said it has confirmed DFCC Bank's (DFCC) national long-term rating at 'AA(lka)' with a stable outlook. online pharmacy buy …