Card Credit
August 17, 2007 (LBO) - Sri Lanka's HSBC bank, the top credit card issuer in the island has tightened credit card based lending in the face of a spike in …
Banking and Finance
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Insurance Value
Aug 16, 2007 (LBO) – Net profits of Union Assurance surged 84 percent to 30 million rupees in the June quarter, interim accounts released by the insurer …
Double Deal
August 16, 2007 (LBO) – Sri Lanka's Eagle Insurance, a unit of Aviva, has reported sharply higher net profit for the June quarter of 50 million rupees up …
No Call
August 14, 2007 (LBO) – The Finance Company (TFC), the flagship finance company of Sri Lanka's Ceylinco group said it was putting off a cash call due to …
Moderate Safety
August 14, 2007 (LBO) – Lanka Rating Agency (LRA) has confirmed the long-term rating of Sri Lanka's LB Finance Ltd at BBB3, with a stable outlook. The …
Banking Profit
Aug 14, 2007 (LBO) – Sampath Bank said Tuesday group after tax profit rose 22.5 percent to 329.6 million rupees for the quarter ending June 30, 2007. The …
Car Drive
August 13, 2007 (LBO) – HNB Assurance net profit after tax rose 17 percent to 10.9 million rupees for the second quarter ended June 2007 with revenue …
Chip Block
August 11, 2007 (LBO) - HSBC, Sri Lanka's largest credit card issuer, has announced new technology to combat fraud but said its local acquiring network would …
Real Pros
Aug 10, 2007 (LBO) – One of Sri Lanka's top professionals in the fast-growing telecommunications industry has advised his peers to stay in the island …
Banking Gains
August 08, 2007 (LBO) – Sri Lanka's Hatton National Bank (HNB) group has reported a 35 percent increase in net profit to 682 million rupees for the …
Maritime Fraud
August 09, 2007 (LBO) – Trade finance involving shipment of goods by sea could lend itself to money laundering, a top international maritime fraud …
Skills Boost
August 9, 2007 (LBO) – The United States has completed a program with a Sri Lanka state training institute to improve public sector finance skills of …
Floating Lien
August 08, 2007 (LBO) – Sri Lanka's Central Bank Governor Nivard Cabraal said he will look at the banking sector's reluctance to lend to ship-owners and …
No More
August 2, 2007 (LBO) - Eminent banker Pelanage Amarasinghe passed away on Wendesday August 01. online pharmacy buy abilify with best prices today in the USA …
Super Profits
August 02, 2007 (LBO) – Sri Lanka's Commercial Bank reported net profit for the second quarter ended June 2007 shot up 52 percent to 1.1 billion rupees …
New Life
July 31, 2007 (LBO) – The failed Pramuka Bank had been given the nod by the Central Bank to re-open for business from August 01, as the state owned Sri …
Rating Shuffle
July 30, 2007 (LBO) –The Sri Lanka unit of Rating Agency Malaysia (RAM) said Monday its operations will not be affected by a restructuring of the parent. …
Demotion
July 30, 2007 (LBO) – Fitch Ratings has downgraded the rating outlook of National Development Bank from 'positive' to 'stable' after a proposed merger …
Delayed Action
June 29, 2007 (LBO) – Arpico Finance Company Limited has asked for more time to meet the new regulatory capital requirements of the Central Bank, the …
Deposit Drive
July 28, 2007 (LBO) – People’s Bank is on an aggressive drive to raise deposits this year, with an enhanced target of 30 billion rupees, a top …