Bank Trends
July 31, 2008 (LBO) - Sri Lanka's Nations Trust Bank (NTB) said June quarter net profit rose 54 percent to 141 million rupees from a year ago, with a sharp …
Banking and Finance
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Steady State
July 29, 2008 (LBO) - Fitch Sri Lanka has confirmed the 'AAA(lka)' long term rating of state-run National Savings Bank with a stable outlook but has said low …
Higher Skills
July 29, 2008 (LBO) - The Cranfield School of Management in the UK has offered a Master of Business Administration scholarship to any member of Sri Lanka's …
Combined Entity
July 28, 2008 LBO) - Sri Lanka's finance ministry plans to bring a proposed new law to amalgamate six regional development banks (RDBs) to parliament early …
Retirement Plan
July 25, 2008 (LBO) - Sri Lankans must start making specific plans to save and invest money early enough to help at the time of retirement or in an emergency, …
Forex Accounts
July 22, 2008 (LBO) - Commercial Bank said it has begun accepting deposits from foreigners and Sri Lankan expatriates after the Central Bank relaxed foreign …
Premium Banking
July 20, 2008 (LBO) – Sri Lanka's Nations Trust Bank (NTB) has launched priority banking services for premium customers with higher interest rates and …
Capital Controls
July 19, 2008 (LBO) - Sri Lankan Central Bank Governor Ajith Nivard Cabraal has said its exchange control department had streamlined approvals for overseas …
Downgraded
July 18, 2008 (LBO) - Fitch Ratings Sri Lanka has downgraded Seylan Bank's national long term credit rating by one notch to 'BBB+(lka)' and its subordinated …
Foreign Tap
July 18, 2008 (LBO) - Sri Lanka's state-run People's Bank has started a new foreign exchange deposit scheme after the island's central bank relaxed rules …
More Time
July 15, 2008 (LBO) - Directors of Sri Lankan banks would get three more years to meet term and age limits imposed by the Central Bank after a court ruling …
Bank Rating
July 08, 2008 (LBO) - Fitch Ratings has confirmed the local long-term rating of Sri Lanka's Nations Trust Bank at 'A(lka)' with a stable outlook. online …
Re-pricing
July 04, 2008 (LBO) - Sri Lanka's Sampath Bank is re-thinking the price of a rights issue and a share placement after market prices fell below the issue price, …
Bank Rating
July 4, 2008 (LBO) - Fitch Sri Lanka has today confirmed the BB+(lka) rating of Union Bank of Colombo (UB) saying its asset quality has improved, but more …
Bank Rating
July 04, 2008 (LBO) - Fitch Ratings has confirmed the local long-term rating of Pan Asia Banking Corporation (PABC) at 'BBB-(lka)' with a stable outlook. Fitch …
Bank Rating
July 3, 2008 (LBO) - Fitch Ratings Lanka has confirmed Sampath Bank's local long-term rating of 'AA-(lka)' with a stable outlook. It also confirmed the ratings …
Bond Deal
July 3, 2008 (LBO) - Sri Lanka's Peoples' Leasing Company (PLC) is selling a billion rupee 5-year bond to extend the maturity of its short term borrowings, …
Banking Code
July 02, 2008 (LBO) - Ceylinco group chairman Lalith Kotelawala has demanded the Sri Lankan Central Bank adopt its own code of corporate governance. online …
Free Flow
July 02, 2008 (LBO) - Sri Lanka's Central Bank has relaxed exchange controls for emigrants in a move it said aimed at further promoting stable capital mobility …
Plastic Preference
June 24, 2008 (LBO) – Sri Lanka's ABC Group says its tri-lingual credit card is gaining popularity, especially in rural areas, and consumers are relying …