Banking Synergy
June 19, 2008 (LBO) – Sri Lanka's Hatton National Bank (HNB) and DFCC Bank have set up a joint venture investment bank that they said would be better …
Banking and Finance
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Leasing Funds
June 17, 2008 (LBO) – Sri Lanka's People's Leasing Company (PLC), a unit of state-run People's Bank, will sell a 200 million rupee 12-month debenture, …
Good Behaviour
June 16, 2008 (LBO) – Sri Lanka's Central Bank said it has prepared a draft code of corporate governance for registered finance companies, based on the …
Better Rates
June 13, 2008 (LBO) – Sri Lanka's Sampath Bank is offering a rate of 12.5 percent a year for savings deposits which maintain a balance of more than …
Shari’ah Leasing
June 11, 2008 (LBO) – Lanka Orix Leasing Company (LOLC), which introduced Islamic financing in Sri Lanka, says it wants to expand its portfolio to one …
Tight Rates
June 10, 2008 (LBO) – Sri Lanka's Lanka Orix Leasing Company (LOLC) group said net profits for the year ended March 2008 was up 21 percent with revenue …
Debit Deals
June 05, 2008 (LBO) – Commercial Bank of Ceylon has started giving discounts previously limited to credit card customers to the bank's debit card …
Prime Property
June 05, 2008 (LBO) – Sri Lanka's Sampath Bank has called for proposals to develop a prime property it owns in the heart of the capital Colombo in a …
Regional Push
May 02, 2008 (LBO) – Sri Lanka’s central bank said financial institutions would have to open two branches outside the fast growing Western province …
Foreign Deposits
June 2, 2008 (LBO) – Sri Lanka has allowed commercial banks to raise deposits from foreigners for their domestic banking units, from June 02, the Central …
Lease Rate
June 02, 2008 (LBO) – Fitch Sri Lanka has lifted the credit watch on Commercial Leasing Company (CLC), following a take-over, and confirmed its 'A-(lka)' …
Banking Numbers
June 01, 2008 (LBO) – Sri Lanka's National Development Bank said group net profit for the March quarter rose 16 percent to 349 million rupees from a year …
Chartered Profits
June 01, 2008 (LBO) – Standard Chartered Bank of Sri Lanka posted 44 percent growth in profits for the 2008 March quarter following a 22 percent growth …
Housing Woes
May 30, 2008 (LBO) – Sri Lanka's Housing Development and Finance Corporation's (HDFC's) profits fel 90 percent in the March quarter amid rising interest …
Early Action
May 27, 2008 (LBO) - Financial regulators should take early preventive action and anticipate trouble spots and Sri Lanka's banks should keep an eye on apparel …
Tight Numbers
May 28, 2008 (LBO) – Sri Lanka's Samapath Bank group net profits for the March 2008 quarter fell 24.2 percent amidst rising interest costs while revenue …
Slow Down
May 28, 2008 (LBO) – Sri Lanka's Seylan Bank March quarter profits fell 36 percent to 135 million rupees amid flat loan growth as high interest rates …
Leasing Rating
May 24, 2008 (LBO) – Fitch Sri Lanka has confirmed a 'BBB-(lka)' rating of Ceylease Financial Services (CFSL), a unit of state-run Bank of Ceylon, with a …
Direct Credit
May 23, 2008 (LBO) – Sri Lanka's People's Leasing is getting 10 million US dollars from the Asian Development Bank (ADB) which it can start lending …
Higher Rate
May 23, 2008 (LBO) – Sri Lanka's Commercial Bank says it will pay 12 percent interest a year on a savings account, if it is opened with a minimum balance …