Restructuring
Mar 05, 2009 (LBO) – An investment banking unit linked to a state bank is examining several troubled finance and real estate firms of Sri Lanka's …
Banking and Finance
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Reaching Out
Mar 05, 2009 (LBO) – Sri Lanka's two biggest banks, state-owned Bank of Ceylon (BOC) and the private listed Commercial Bank, plan to expand in areas of …
Profit Standard
LONDON, March 3, 2009 (AFP) - Emerging markets bank Standard Chartered said Tuesday that net profit jumped a fifth to 3. buy albenza online …
Banking Woes
March 02, 2009(LBO) - Sri Lanka's Seylan Bank said it made a loss of 709 million rupees in the December 2008 quarter compared with group net profit of 199 …
Last Resort
Feb 27, 2009 (LBO) - Sri Lanka's central bank may open a liquidity facility as a last resort, in a bailout package for troubled finance and leasing companies …
Economic Lubricant
Feb 26, 2009 (LBO) - Sri Lanka's cabinet of ministers has approved a bailout package for finance and leasing firms in a move to release assets seized from …
In Remand
Feb 26, 2009 (LBO) – Lalith Kotelawala, chairman of Sri Lanka's Ceylinco group, has been arrested and remanded over an alleged fraud that caused the …
Loan Slowdown
Feb 25, 2009 (LBO) - Sri Lanka's DFCC Bank said group net profit for the December 2008 quarter rose 25 percent to 638 million rupees from a year ago but that …
Risky Behaviour
Feb 23, 2009 (LBO) - Sri Lanka's existing financial regulation are adequate to take action against unregistered finance firms who defraud customers, a former …
Bigger Banks
Feb 22, 2009 (LBO) - Sri Lanka's banking sector is not at risk from the global credit crisis but needs consolidation to be able to improve returns and attract …
Finance Support
Feb 20, 2009 (LBO) - Sri Lanka's government is offering four billion rupees in bonds and guarantees to improve liquidity in registered finance and leasing …
Banking Numbers
Feb 19, 2009 (LBO) - Sri Lanka's NDB Bank said group net profit rose sharply in the December quarter, although annual profit was up only five percent to 1. …
Bailout Program
Feb 19, 2009 (LBO) – Sri Lanka's government will make a final decision on a bailout package to deal with toxic assets of banks and finance companies next …
Oil Negotiations
Feb 18, 2009 (LBO) – Sri Lanka is starting a round of talks with several banks to re-negotiate oil derivatives sold to a state-run petroleum firm which …
No More
Feb 15, 2009 (LBO) - Sri Lanka Fitch Ratings has downgraded the rating of state-run mortgage lender State Mortgage and Investment Bank (SMIB) and withdrawn its …
Bangla Buy
Feb 13, 2009 (LBO) – Sri Lanka's NDB Bank said it has acquired a controlling interest of Capital Market Services Limited, a licensed merchant bank in …
Support Package
Feb 03, 2009 (LBO) – Sri Lanka is developing a policy support package for registered finance and leasing companies that are facing liquidity problems, …
Ambiguity
Feb 03, 2008 (LBO) - Sri Lanka's Commercial Bank says the 'ambiguity' behind a suspension of payments on oil derivatives sold to state-run Ceylon Petroleum …
Capital Short
Jan 31, 2008 (LBO) - Though Sri Lanka's policymakers and borrowers are expecting banks to give loans, cut interest rates and extend repayment periods, the …
Finance Meet
Jan 30, 2008 (LBO) – Sri Lanka's President Mahinda Rajapaksa had met the heads of banks, finance and leasing companies to discuss recent turmoil and …