Operating Rules
Sept 10, 2007 (LBO) – Sri Lanka's Central Bank plans to enforce tough new mandatory rules next year that include provisions to encourage …
Banking and Finance
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Changing Fortunes
September 09 (LBO) - Thanuja was orphaned at a very young age. She started to study the art of making coir products at the village Kohu Samithiya, or coir …
Hard Place
Sept 07, 2007 (LBO) – Sri Lanka's HSBC branch defended its record in the island following a threat by the country's opposition leader to cancel its …
Full Toss
Sept 07, 2007 (LBO) – Sri Lanka Insurance, has announced an agreement with the Sri Lanka Cricketers' Association to be the official life insurance …
Doing Ok
Sept 07, 2007 (LBO) – Fitch Rating Lanka has confirmed the 'AA(lka)' national long-term rating of DFCC Bank, the 'AA(lka)' rating of its senior …
Eyes Skinned
Sept 05, 2007 (LBO) – Fitch Sri Lanka said it was maintaining a rating watch on six regional banks which was imposed following a government announcement …
Asset Backed
Sept 03, 2007 (LBO) – Fitch Sri Lanka has affirmed the 'A (lka) national rating given to lease-backed securities of Senkadagala Finance Company, which …
Ploughing On
September 01, 2007 (LBO) – Fitch Ratings Lanka has confirmed the AAA (lka) rating of HSBC's Sri Lanka branch with a 'stable' outlook, the rating agency …
Portable Money
Sept 1, 2007 (LBO) – Sri Lanka's Sampath Bank's has started an electronic cash transfer method lets account holders transfer cash to all mobile brands or …
Citi Performance
August 30, 2007 (LBO) - Citibank's Sri Lanka unit net profits zoomed 82 percent in the first half of 2007 driven by hefty foreign exchange gains, interim …
Home Loans
August 28, 2007 (LBO) – Fitch Ratings Lanka has confirmed the AA (lka) rating on HDFC Bank Series A mortgage backed securities, the rating agency said. …
Banking Revolution
August 25, 2007 (LBO) – Bangladesh's Grameen Bank has reached out to 124 million poorest families globally during its 31 years of existence, its founder, …
Good Intentions
August 24, 2007 (LBO) – Sanasa Development Bank (SDB), a Sri Lankan bank that promotes micro finance hopes to expand its network to northern and eastern …
Finance Rating
August 23, 2007 (LBO) – Lanka Ratings Agency (LRA) has confirmed an A2 long-term institutional rating of Mercantile Investments with a stable outlook. …
Sub Prime
August 23, 2007 (LBO) – Fitch Ratings Lanka has downgraded the rating outlook on Commercial Leasing Company (CLC) to 'negative' from 'stable' but said it …
Good Cover
August 23, 2007 (LBO) – Allianz Lanka Insurance Company, a unit of German insurance giant Allianz SE said premium income grew 34 percent to 246 million …
Green Path
August 23, 2007 (LBO) – The spot dollar peaked at 112.35 against the Sri Lanka rupee Thursday as the local currency sought the next resistant level, …
Banking Wealth
August 20, 2007 (LBO) – National Development Bank's net profit for the second quarter ending June 30, 2007 shot up 208 percent to 556 million rupees from …
Credit Build
August 17, 2007 (LBO) – Sri Lanka's banking sector assets had expanded 9.5 percent, with loans rising 11.2 percent against deposit growth of 7.6 percent, …
Looking Up
August 17, 2007 (LBO) – Sri Lanka's Seylan Bank June quarter profits surged 78 percent with revenues going up by 21 percent despite flat loan growth, …