Transition
Feb 17, 2008 (LBO) – Sri Lanka's NDB Bank has announced that its Deputy Chief Executive Officer Eran Wickramaratne will succeed Nihal Welikala as the …
Banking and Finance
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Arm’s Reach
Feb 15, 2008 (LBO) – International Finance Corporation, the World Bank's private sector financing arm, has given a 75 million dollar standby loan for …
Foreign Boost
Feb 14, 2008 (LBO) – Sri Lanka's Sanasa Development Bank, which has roots in the micro-finance sector, will get cash from foreign partners to meet …
Electronic Cash
Feb 07, 2008 (LBO) – Sri Lanka's Commercial Bank of Ceylon has tied up with financial giant JP Morgan Chase, to offer a foreign exchange card that can …
Trade Finance
Feb 06, 2008 (LBO) – Sri Lanka's NDB Bank says it has linked up with US-based TradeCard Inc to provide import and export financing services that will cut …
Durable Finance
Feb 01, 2008 (LBO) – Fitch Sri Lanka has confirmed the 'BBB (lka)' national long-term rating of Singer Finance (Lanka) Limited (SF) with a 'stable' …
Paper Issue
Feb 01, 2008 (LBO) – Lanka Orix Leasing Company (LOLC) is planning to raise 500 million rupees from a rated commercial paper, Fitch Sri Lanka said, …
Small Industry
Jan 31, 2008 (LBO) – Fitch Sri Lanka has confirmed the 'BB+(lka)' rating of Trade Finance and Investments, a company that has a strong focus on three …
Growth Numbers
Jan 30, 2008 (LBO) -- Sri Lanka's Nations Trust Bank profits surged 56 percent to 504 million in 2007 as revenues grew 54 percent to 9.1 billion rupees, the …
Asset Backed
Jan 30, 2008 (LBO) – Fitch Sri Lanka has confirmed an 'A-(lka)' rating on lease backed trust certificates (LBTCs) issued by Peoples' Leasing Company, the …
Asset Backed
Jan 30, 2008 (LBO) – Fitch Sri Lanka has confirmed an 'A-(lka)' rating on lease backed trust certificates (LBTCs) issued by Peoples' Leasing Company, the …
Note Rating
Jan 28, 2008 (LBO) -- Fitch Ratings has assigned an A+ (lka) national long term rating to a Singer Sri Lanka 800 million rupee note issue with a 'negative' …
Net Security
Jan 25, 2008 (LBO) – Bank of Ceylon (BOC) has deployed international authentication services provider VeriSign's hacking and identity theft countering …
Rubber Cheques
Jan 24, 2008 (LBO) -- One in ten cheques issued in Sri Lanka bounces and account holders are writing dud cheques with impunity despite it being a criminal …
Terror Funding
Jan 17, 2007 (LBO) – Sri Lanka's Financial Intelligence Unit (FIU) set up under the Central Bank to combat money laundering and terrorist financing …
Joint Investment
Jan 11, 2007 (LBO) -- Sri Lanka's Hatton National Bank has signed up with City Union Bank to start an investment banking unit in India, the two banks said in a …
Railway Blast
Jan 11, 2008 (LBO) - A bomb exploded in the main railway station in Sri Lanka's capital Colombo, injuring one person police said. online pharmacy buy spiriva …
Sukuk Securities
Jan 09, 2008 (LBO) – Sri Lanka's Peoples' Leasing Company (PLC), the island's top vehicle financier, plans to raise more than 500 million rupees through …
Top Dog
Jan 09, 2007 (LBO) – NDB Investment Bank (NDBIB) said it had helped mobilize 30 billion rupees in debt and equity from Sri Lanka's capital markets in …
Old Guard
Jan 01, 2008 (LBO) – New corporate governance rules for Sri Lankan banks would force long-standing directors to retire, prevent banks giving favoured …