One Horse
June 5, 2009 (LBO) – Sri Lanka's Lanka Orix Leasing Company (LOLC) is the sole bidder for a 33 percent stake in Seylan Bank offered by the Central Bank …
Banking and Finance
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Banking Conduit
June 04, 2009 (LBO) - Sri Lanka's state-run Bank of Ceylon is providing banking services for refugees in several camps in the north of the island to get …
Credit Lift
June 03, 2009 (LBO) - Sri Lanka's Pan Asia Bank said it had slashed its interest rate on credit cards to 30 percent a year from 42 percent to ease repayment …
Bank Numbers
June 02, 2009 (LBO) - Sri Lanka's National Development Bank (NDB) group net profit went up 30 percent to 455 million rupees in the quarter ended March 31, 2009 …
Audit Query
June 02, 2009 (LBO) - The auditors of Sri Lanka's Seylan Bank have qualified its 2008 accounts over related party transactions and flagged overdue loans as the …
Savvy Credit
June 01, 2009 (LBO) - Sri Lanka's DFCC Vardhana Bank said it had launched a credit card targeting high-end customers and to improve access despite difficult …
Housing Woes
May 29, 2008 (LBO) – Sri Lanka's Housing Development and Finance Corporation (HDFC) said it made a loss in the March 2009 quarter amid rising interest …
Good Credit
May 29, 2009 (LBO) – A central bank supported credit scheme to help war-affected Sri Lankans will not use printed money, but cash from a revolving credit …
Fee Hit
May 28, 2009 (LBO) - Sri Lanka's Citibank unit's March 2009 quarter profits were down 41. online pharmacy buy diflucan with best prices today in the USA buy …
Lease Focus
May 28, 2009 (LBO) - Ceylinco Finance, a listed firm in the Ceylinco group, says it is re-structuring itself under the guidance of a veteran banker to focus on …
Mortgage Rating
May 28, 2009 (LBO) – Fitch Ratings Lanka has confirmed an 'AA-(lka)' rating assigned to a mortgage backed security issued by Sri Lanka's HDFC Bank. Fitch …
Asset Backed
May 27, 2009 (LBO) - Fitch Ratings Lanka said it has confirmed People's Leasing Co. online pharmacy buy abilify with best prices today in the USA buy flomax …
Rescue Mission
May 27, 2009 (LBO) - The Finance Company can be turned around within six months, according to Merchant Bank of Sri Lanka (MBSL) which has been appointed by the …
Bank Trade
May 26, 2009 (LBO) – Profits of HSBC's Sri Lanka unit grew 40 percent to 628.1 million rupees in the March 2009 quarter on strong foreign exchange …
Tight Quarter
May 26, 2009 (LBO) - Sri Lanka's Commercial Bank said group profits fell 12.9 percent to 892 million rupees in the March 2009 quarter, as its loan book shrank …
Guardian Change
May 23, 2009 (LBO) – The Merchant Bank of Sri Lanka (MBSL) has been appointed as managing agents of the troubled The Finance Company (TFC), taking over …
Double Profits
May 23, 2009 (LBO) – Sri Lanka's state-run Bank of Ceylon's profits for March 2009 quarter rose 106 percent to 957 million rupees, with foreign exchange …
Fairer Chance
May 22, 2009 (LBO) - Sri Lanka's central bank said it has relaxed the criteria for bids for a one-third stake in the troubled Seylan Bank after a poor response …
Safe Custody
May 21, 2009 (LBO) – Sri Lanka's state-run Bank of Ceylon had provided deposit and gold related services of more than 500 million rupees as displaced …
No Watch
May 21, 2009 (LBO) – RAM Ratings Lanka said a rating watch on Arpico Finance Company has been lifted after the company met a Central Bank requirement for …