Banking and Finance

Rogue Banking

Sep 28, 2009 (LBO) - The global financial crisis was triggered by the loose monetary policy of the US Federal Reserve but central banks remained unregulated, a …

DFCC Vardhana

Sept 25, 2009 (LBO) - Fitch Ratings Lanka has confirmed the 'AA-(lka)' national rating of DFCC Vardhana Bank Limited's (DVB) with a 'stable' outlook, driven by …

Asian Focus

LONDON, September 25, 2009 (AFP) - HSBC on Friday said its chief executive Michael Geoghegan would move to Hong Kong from London to be closer to the banking …

Reaching Out

Sept 24, 2009 (LBO) - Sri Lanka's NDB Bank said it plans to open five branches in the north and east regions which are recovering after the end of the island's …

Risk Monitoring

Sept 18, 2009 (LBO) - Sri Lanka's Bartleet TransCapital, has linked up with Aprivaa and risk consulting and analytical service provider for banks, insurers and …

Name Change

Sep 18, 2009 (LBO) – Ceylinco Finance, a Sri Lankan finance company that was part of the troubled Ceylinco group, has changed its name to Nation Lanka …

Cost Management

Sept 07, 2009 (LBO) - Sri Lanka's Seylan Bank is cutting costs and focusing on recoveries to put the bank back on a stronger financial footing, members of an …

Bank Issue

Sept 06, 2009 (LBO) - A 54.2 million sale of fresh voting shares in Sri Lanka's Seylan Bank to raise 1. online pharmacy buy diflucan with best prices today in …

New Managers

Sept 04, 2009 (LBO) - Sri Lanka's Asian Finance Ltd, and Ceylinco Investment and Realty Ltd, two firms of the troubled Ceylinco group will be put under a new …

Rating Retained

Sept 03, 2009 (LBO) - Fitch Ratings has confirmed HSBC Sri Lanka's long term national Long-term rating at 'AAA(lka)' with a 'stable' outlook, on the strength …

Loss Transfer

Sept 03, 2009 (LBO) - Citibank Sri Lanka has transferred billions of rupees of losses from a defaulted derivative deal with a state-run oil retailer to a …

Abandoned Property

Sept 03, 2009 (LBO) - Sri Lanka's Central Bank said it has issued new instructions to banks to put assets unclaimed by customers for a long period to an …

Savings Rating

Sept 03, 2009 (LBO) - Sri Lanka's Fitch Ratings has confirmed the 'AAA(lka)' rating of state-run National Savings Bank (NSB), with a 'stable' outlook. "The …

Bank Rating

Sept 02, 2009 (LBO) - Fitch Ratings said it has confirmed HSBC Sri Lanka's (HSBCSL) National Long-term rating at 'AAA(lka)' with a stable outlook. online …

Bond Profits

Aug 31, 2009 (LBO) – Sri Lanka's state-run Nation Savings Bank (NSB) profits for the 6-months to June were up 207.8 percent on capital gains on …

Green Shoots

Aug 31, 2009 (LBO) - Sri Lanka's corporate debt market is generating green shoots with rates coming down, lenders gaining confidence and credit spreads …

No Loans

Aug 29, 2009 (LBO) - Sri Lanka's Citibank, which had reported around 22 billion rupees of bad loans following a defaulted derivative sold to a state-run oil …

Upgrade

Aug 28, 2009 (LBO) - RAM Ratings Lanka has upgraded the long-term rating of LB Finance (LBF) by one notch to 'BBB' from 'BBB-' with a 'stable' outlook and its …

Bank Capital

Aug 25, 2009 (LBO) - Sri Lanka's Seylan Bank said the Colombo stock exchange has approved its application to list new ordinary shares in an effort to raise …

Strong Numbers

Aug 24, 2009 (LBO) - Profits at Sri Lanka's state-run Bank of Ceylon group grew 82.online pharmacy …