Merchant Assets
July 27, 2007 (LBO) – Fitch Ratings Lanka which affirmed People's Merchant Bank's (PMB) long-term BBB (lka) rating Friday said its assets grew 44 percent …
Banking and Finance
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Easy Dollars
July 26, 2007 (LBO) – Sri Lanka has relaxed foreign currency transactions in the country by allowing money changers to sell as well as buy forex and also …
Money Probe
July 23, 2007 (LBO) – Money laundering investigators say authorities are probing activities of Goldquest in Sri Lanka but details could not be released …
Red Light
July 24, 2007 (LBO) – Sri Lanka's bank regulators have shot down an attempt to appoint a common directorate to two state banks which had their origins in …
Small Cover
July 22, 2007 (LBO) – Sri Lanka should focus on giving insurance to the poor, regional experts in micro insurance say, with rural populations a largely …
Going Rural
July 22, 2007 (LBO) - ABC Investments, a new Sri Lankan Islamic investment group, plans to expand their business with branches outside the capital Colombo, …
Nobody Told
July 21, 2007 (LBO) – Sri Lanka's terror finance sleuths said two former ministers who had made claims about money being paid to Tamil Tigers are yet to …
Bigger Results
July 20, 2007 (LBO) – A Sri Lanka-German initiative to give microfinance to tsunami victims had more than doubled its original target helping more than …
Seed Cover
July 20, 2007 (LBO) - HNB Assurance, a unit of Hatton National Bank, has tied up with the micro finance arm of Sarvodaya, a non-governmental organization, to …
Machine Time
July 19, 2007 (LBO) – Sri Lanka's construction industry is looking for foreign partners to set up a machinery leasing company that would be especially …
Good Banking
July 18, 2007 (LBO) – The financial journal Euromoney has named Commercial Bank as Sri Lanka's best bank in its 2007 survey, the bank said Wednesday. The …
Joint Service
July 17, 2007 (LBO) – DFCC Vardhana Bank (DVB) has teamed up with Sri Lanka Insurance Corporation (SLIC) to introduce insurance products to consumers in …
Borrow Gold
July 17, 2007 (LBO) – Sri Lanka's gem and jewellery industry is lobbying for new financial instruments like 'gold loans' to get cost effective funds for …
Better Care
July 16, 2007 (LBO) –Asiri Hospitals group posted a 312.7 million rupee after tax profit for the year ending in March 31, 2007, up almost by half, …
Credit Enhancement
July 15, 2007 (LBO) – A US government agency is giving credit guarantees to small Sri Lankan businesses to increase their access to loans from a …
Consolidation
July 12, 2007 (LBO) – Asian Finance is planning a merger with its parent company, Lanka Ratings (LRA) said, while confirming a negative outlook on the …
Money Man
July 12, 2007 (LBO) – The governing board of Sri Lanka's central bank is filling a vacancy with President's Counsel K C Kamalasabayson, the monetary …
Risk Capital
July 09, 2007 (LBO) – At a time when the banking system is moving towards Basle II system, Sri Lanka's insurance industry could benefit from the risk …
Hard Drive
July 06, 2007 (LBO) – Sri Lanka Insurance Corporation (SLIC) says is aggressively chasing the motor insurance sector, an official said. SLIC says its …
Smooth Payments
July 06, 2007 (LBO) – South Asian countries need to modernise their payments systems to cope with rapidly increasing cross border trade and investment …