Recommendation
July 18, 2009 (LBO) - Court appointed accountants probing a failed financial firm in Sri Lanka's Ceylinco group have recommended that its chairman directors …
Banking and Finance
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Joint Fight
July 17, 2009 (LBO) - The Financial Intelligence Unit (FIU) of Sri Lanka's Central Bank has signed Memoranda of Understanding (MOU) with FIUs of the …
Liquid Option
July 16, 2009 (LBO) - Depositors of a collapsed Sri Lankan financial firm should seek its liquidation under civil law to realize assets while criminal …
Sri Lankan stocks close down 0.2-pct
July 16, 2009 (LBO) - Sri Lankan shares closed down on Thursday, as retail investors took profits on mid cap stocks and index heavy blue chips, brokers said. …
Virgin Market
July 15, 2009 (LBO) – Sri Lanka's National Development Bank (NDB) said it has launched its Bangladesh joint venture investment bank, NDB Capital Limited, …
State Rating
July 14, 2009 (LBO) - Fitch Sri Lanka has confirmed the 'AA(lka)' rating of state-run Bank of Ceylon (BOC) with a 'stable' outlook but noted rising bad loans …
Credit Movement
July 14, 2009 (LBO) - Fitch Ratings Lanka said it has confirmed Sanasa Development Bank's (SDB) national long-term rating at 'BB(lka)' with a stable outlook. …
Refugee Fund
July 14, 2009 (LBO) - Sri Lanka's Central Bank said it has opened an account to receive contributions from the public for the welfare and resettlement of …
Forex Loss
July 14, 2009 (LBO) - Sri Lanka's Nations Trust Bank, a unit of John Keells Holdings has lost 800 million rupees on a forex bet, but the bank had ended the …
Best Bank
July 13, 2009 (LBO) - HSBC said it had been named the 'Best Global Bank, by Euromoney magazine, in its 2009 awards. online pharmacy buy diflucan with best …
Northern Loan
July 13, 2009 (LBO) - Sri Lanka's central bank is giving three billion rupees to several banks to lend to small and micro businesses in agriculture and …
Forward Looking
July 09, 2008 (LBO) - In a far sighted move that puts the country firmly on a higher growth path Sri Lanka's central bank Governor Nivard Cabraal has ruled out …
Foreign Banks
July 09, 2009 (LBO) - Foreign banks operating in Sri Lanka had maintained or improved profitability in 2008, despite adverse conditions, a report by Fitch …
Top Marks
July 07, 2009 (LBO) - Sri Lanka's Commercial Bank said it has been named the island's 'Best Bank' by Hong Kong based ˜FinanceAsia,’ a regional financial …
Slow Down
July 07, 2009 (LBO) - Sri Lanka's commercial banks are likely to experience a slowdown in growth and profitability pressures from fresh asset quality problems, …
Listing Deadline
July 5, 2009 (LBO) - Sri Lanka's registered finance companies will have to be listed by June 30, 2011 as part of a prudential regulation framework promoted by …
Lease Rating
July 05, 2009 (LBO) - Fitch Ratings Lanka said it has confirmed the Commercial Leasing Company (CLC) national rating at 'A-(lka)', with a stable outlook. …
Public Service
July 4, 2009 (LBO) - W A Wijewardena, widely regarded as one of the top economists the country has ever produced, retired from his post as deputy governor of …
Infrastructure Finance
July 03, 2009 (LBO) - HSBC's Sri Lanka unit is looking to finance a private container port to be built as part of an expansion of Colombo port, and post-war …
Sampath Rating
July 01, 2009 (LBO) – Sri Lanka's Fitch Ratings said it has confirmed the 'AA-(lka)' national long-term rating of Sampath Bank, as well as its individual …