Banking and Finance

Overlooking

Aug 24, 2009 (LBO) - Following the resignation of PABC chief executive Kimarli Fernando, deputy general manager has been appointed acting chief executive "with …

Shake Up

Aug 21, 2009 (LBO) - Sri Lanka's Nations Trust Bank, a unit of John Keells Holdings has shaken up the top management of the bank shortly after an 800 million …

Tough Streak

Aug 17, 2009 (LBO) – Sri Lanka's The Finance Company, a unit of the troubled Ceylinco group, said it lost 693 million rupees in the June 2009 quarter as …

Strong Showing

Aug 14, 2009 (LBO) - Sri Lanka's NDB Bank group profits grew 45. online pharmacy buy ciprodex with best prices today in the USA online pharmacy buy diflucan …

Bank Numbers

Aug 13, 2009 (LBO) - Sri Lanka's Commercial Bank said group profits rose 2. online pharmacy buy spiriva inhaler with best prices today in the USA buy …

Promotions

Aug 13, 2009 (LBO) - Sri Lanka's Central Bank said it has promoted six officers as Assistant Governor with effect from August 10, 2009. The officers are W M …

Bank Rating

Aug 11, 2009 (LBO) - RAM Ratings said it has lifted the Rating Watch on Merchant Bank of Sri Lanka (MBSL) and also confirmed the long- and short-term ratings …

Stored Value

Aug 11, 2009 (LBO) - Sri Lanka's banking regulator said it intends to regulate and closely supervise payment card service providers almost a year after the …

Financial Reality

Aug 10, 2009 (LBO) - Sri Lankan commercial banks which seem to enjoy wide interest margins on the surface have low profitability, amid high taxation and rising …

Bank Fortunes

Aug 07, 2009 (LBO) – Sri Lanka's Sampath Bank said profits for the June quarter went up 20 percent to 449 million rupees from a year ago on higher …

Good Quarter

Aug 04, 2009 (LBO) – Sri Lanka's Pan Asia Banking Corporation (PABC) June quarter profits shot up 346 percent on strong net interest income and higher …

Bank Trends

Aug 04, 2009 (LBO) - Sri Lanka's Hatton National Bank (HNB) said group net profit shot up 76 percent to 996 million rupees in the June 2009 quarter from a year …

Slow Quarter

Aug 03, 2009 (LBO) – Sri Lanka's DFCC Bank group said June 2009 quarter net profit fell 6.38 percent to 507.1 million rupees from a year ago owing to …

Fresh Capital

Aug 03, 2009 (LBO) - Sri Lanka's Seylan Bank said it plans to issue 86 million ordinary shares at 35 rupees each in a one-for-two public offering to existing …

Wider Spread

Aug 02, 2008 (LBO) - Sri Lanka's Sampath Bank is expanding to the island's north and the east helping boost an economic revival in the areas after the end of …

Unhedged Constraint

Aug 01, 2009 (LBO) - The Sri Lanka unit of Standard Chartered Bank has retained its 'AAA(lka)' rating from Fitch, but the agency said its capital was hurt by a …

Recovery Path

July 30, 2009 (LBO) - Sri Lanka's Seylan Bank said it had stepped up efforts to recover loans and improved credit evaluation and corporate governance under new …

Bank Score

July 29, 2009 (LBO) - Fitch Ratings Lanka said it has confirmed Hatton National Bank's (HNB) National Long-term rating at 'AA-(lka)' with a stable outlook. The …

Bank Numbers

July 28, 2009 (LBO) - Sri Lanka's Seylan Bank said net profit for the June 2009 quarter fell 39 percent to 188 million rupees from a year ago with both …

Chinese Deal

July 28, 2009 (LBO) - Sri Lanka's Central Bank said it has signed an Investment Facilitation Agreement with China Development Bank, considered one of China's …