Banking and Finance

Merchant Rating

Nov 14, 2008 (LBO) - Fitch Ratings Sri Lanka has confirmed Seylan Merchant Leasing PLC's (SML) 'BB+ (lka)' long term rating with a 'stable' outlook. "SML's …

Bailout Firm

LONDON, November 3, 2008 (AFP) - Finance minister Alistair Darling announced the creation of a new arms-length body Monday that would manage the British …

Merchant Look

Nov 04, 2008 (LBO) – The Merchant Bank of Sri Lanka (MBSL) group net profit for the September quarter fell by 26.5 percent to 42.8 million rupees from a …

Bank Trends

Nov 03, 2008 (LBO) - Sri Lanka's Nations Trust Bank (NTB) said September quarter net profit fell 15 percent to 136 million rupees from a year ago despite …

Comrade Paulson

WASHINGTON, October 30, 2008 (AFP) - A banking industry trade group Thursday voiced concern about government pressure on banks to accept public capital …

Watching Brief

Oct 29, 2008 (LBO) - Sri Lanka's credit information bureau has got new powers to track utility bills, insurance and pension fund payments, under an amendment …

Cash Call

Oct 29, 2008 (LBO) - Sri Lanka's Sampath Bank said in a stock exchange filing that it has called off a rights issue after shareholders voted against it at an …

Micro Lending

Oct 28, 2008 (LBO) - Sri Lanka Orix Leasing has linked with Dutch development financier FMO to expand its micro finance with 10 million US dollar loan and …

Hot Money

Oct 27, 2008 (LBO) - Stopping the flow of funds for terrorist activities is a key part of the effort to fight terrorism, Sri Lankan central bank governor Ajith …

State Intervention

SYDNEY, October 24, 2008 (AFP) - Australian investment firms have frozen an estimated 12 billion dollars (7.8 billion US) in investors' funds to stem an exodus …

Prime Status

Oct 24, 2008 (LBO) - Sri Lanka's central bank says there were some measures to protect the banking sector from a financial 'cyclone' that is sweeping the world …

Profit Report

Oct 23, 2008 (LBO) – Sri Lanka's Sampath Bank's consolidated September quarter profits grew 48.1 percent to 395.3 million while revenues grew 23.8 …

Credit Crunch

BASEL, October 23, 2008 (AFP) - Cross-border lending by banks fell 1.buy amoxil online buy amoxil online no prescription 1 trillion dollars in the second …

State Props

PARIS, October 19, 2008 (AFP) - Nations around the world took new emergency steps Sunday to shore up the international banking system and restore investor …

Better Banks

Oct 16, 2008 (LBO) – Sri Lanka's banking sector is sound amidst a global rout and early regulatory action taken to prick the bubble, Central Bank …

Resilience

ADDIS ABABA, October 16, 2008 (AFP) - Ethiopian Prime Minister Meles Zenawi said Thursday that the economy would not be devastated following the global …

Good Cheques

Oct 15, 2008 (LBO) – Sri Lanka's Sampath Bank has started a new current account facility for longstanding customers in a bid to discourage cheque returns …

More Liquidity

Oct 13, 2008 (LBO) – Sri Lanka's central bank has cut the reserve requirement of commercial banks from 10 percent to 9.25 percent, and further relaxed …

Bank Rating

Oct 10, 2008 (LBO) - Fitch Ratings Lanka Friday affirmed Sri Lanka's DFCC Vardhana Bank's (DVB) National Long-term rating at 'AA-(lka)' with a stable outlook. …

More Funds

Oct 10, 2008 (LBO) – Hong Kong Shanghai Banking Corporation (HSBC) said it has strengthened the capital base of its UK subsidiary, HSBC Bank, through an …