People’s Rating
July 01, 2009 (LBO) – Sri Lanka's Fitch Ratings Lanka said it upgraded Seylan Merchant Leasing (SML) national long-term rating to 'BBB-(lka)' from 'BB …
Banking and Finance
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Oversight Move
July 01, 2009 (LBO) – Sri Lanka's registered finance companies would be required to list on the Colombo Stock Exchange as part of an enhanced regulatory …
Bank Rating
June 29, 2009 (LBO) - Fitch Ratings Lanka said it has confirmed the national long-term rating of National Development Bank (NDB) at 'AA(lka)' with a stable …
One Entity
June 29, 2009 (LBO) – Sri Lanka's Sampath Bank said it was merging a fully owned subsidiary dealing in government securities. Samapth Surakum Limited is …
Bank Bailout
June 29, 2009 (LBO) - Sri Lanka Insurance Corporation (SLIC) may take up the bulk of risk capital in bailing out Seylan Bank, while state-run Bank of Ceylon …
Capital Threshold
June 27, 2009 (LBO) - Fitch Sri Lanka has upgraded state-run People's Bank's (PB) long term rating by one notch to 'A(lka)' from 'A-(lka)' and changed its …
Public Bail
June 26, 2009 (LBO) - Sri Lanka's Seylan Bank will be bailed out with the help of money from state institutions while a bid from a private investor was …
Banking Services
June 25, 2009 (LBO) – Sri Lanka's state run Bank of Ceylon has expanded its services inside camps housing nearly 280,000 refugees in the north of the …
Forex Loss
June 25, 2009 (LBO) - Sri Lanka's Nations Trust Bank which had uncovered a forex loss in its books said the losses would be offset "to a great extent" by other …
Equity Control
June 24, 2009 (LBO) - There would be more interest in Sri Lanka's Seylan Bank if a larger equity stake than one third is offered to a strategic investor, the …
Procedural Probe
June 24, 2009 (LBO) - Sri Lanka's Nations Trust Bank, a unit of the John Keells Holdings group, is probing a breach of operating procedure, but the bank is on …
Constant Vigil
June 16, 2009 (LBO) – Sri Lankan depositors should be more vigilant as hundreds of smaller unregulated financial firms are still in existence despite the …
Not Yet
June 16, 2009 (LBO) – Sri Lanka's central bank which offered a third stake of Seylan Bank to a private investor has not awarded it to the sold bidder by …
Fund Flow
June 14, 2009 (LBO) - A part of the pension funds of Sri Lanka's private sector workers may be diverted as unemployment benefits to those who lose jobs in the …
Power Finance
June 13, 2009 (LBO) – Sri Lankan private sector firms are too small yet to start mega infrastructure such as coal plants on their own, the International …
Northern Banking
June 11, 2009 (LBO) – Sri Lanka's central bank said banks have been given the nod to open 67 new outlets in the last three weeks in the north of the …
Dark Continent
June 11, 2009 (LBO) – Sri Lanka's Commercial Bank of Ceylon is planning to finance renewable power plants in Africa with the help of the International …
Losing Quarter
June 08, 2009 (LBO) – Sri Lanka's The Finance Company, a unit of the troubled Ceylinco group said it lost 1.3 billion rupees in the March 2009 quarter, …
Tight Quarter
June 8, 2009 (LBO) – Sri Lanka's Seylan Bank group said profits fell 99.8 percent to 135,279 rupees in the March 2009 quarter, non performing loans grew …
Safety Net
June 06, 2009 (LBO) – Sri Lanka’s Commercial Bank of Ceylon (CBC) has inked a deal with the International Finance Corporation (IFC) to underwrite …