Upgraded
June 5, 2007 (LBO) – Fitch Ratings has upgraded PABC Bank, a Sri Lankan commercial bank to an investment grade BBB- (lka) with the stable outlook, the …
Banking and Finance
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Hard Sell
June 01, 2007 (LBO) – Sri Lanka's insurance policy lapse rate is far too high and might mean the industry's sales pitch is overenthusiastic, an …
General Growth
May 25, 2007 (LBO) - Janashakthi Insurance Co. Ltd, says general insurance premiums grew 37 percent in the first quarter with motor insurance growing 40 …
No Gain
May 23, 2007 (LBO) – National Development Bank has reported group after-tax profits in the first quarter ending in March 2007 was 299 million rupees, a …
Tell All
May 23, 2007 (LBO) – A presidential commission appointed to probe failed finance companies is calling for members of the public to contact the commission …
It’s On
May 23, 2007 (LBO) – Sri Lanka's Central Bank says it has strengthened action against pyramid schemes and not halted or scaled down investigations in the …
Housing Boom
May 22, 2007 (LBO) – Consolidated net profits at HDFC Bank, a mortgage lender, grew 35 percent while revenues grew 40 percent for the quarter ending …
Multilevel Media
May 17, 2007 (LBO) – Goldquest kingpin Vijayeswaran Vijayaratnam has financed the operation of at least two Tamil language television stations, the …
Musical Chairs
May 17, 2007 (LBO) – Sri Lanka's Bank of Ceylon, Peoples' Bank and Ceylon Electricity Board is to get new chairmen, a senior presidential aide told LBO. …
Direct Contact
May 17, 2007 (LBO) – Sri Lankan unit trusts, which collectively have an investment fund of over five billion rupees, are seeking to popularise their …
High Bill
May 16, 2007 (LBO) – Eagle Insurance consolidated revenue rose 24 percent to 1.35 billion for first quarter of March 2007, but a higher claims bill …
Step Up
May 16, 2007 (LBO) – Fitch Ratings has upgraded Hatton National Bank's long term rating by one notch to AA- (lka) and the rating outlook also changed to …
Beware
May 16, 2007 (LBO) – An international anti-pyramiding activist has called on Sri Lanka to be vigilant against multi-level marketing schemes that can …
Insurance Cover
May 15, 2007 (LBO) – HNB Assurance net profit for the first quarter ended March 31, 2007 rose seven percent to 12.9 million rupees, according to …
Good Quarter
May 14, 2007 (LBO) - PABC Bank net profit for the first quarter of 2007 shot up 91% to 45. buy nolvadex online …
Big Bucks
May 13, 2007 (LBO) – State-owned Bank of Ceylon is on a path to increase private sector lending and strengthen its capital to keep pace with a growing …
Big Claims
May 11, 2007 (LBO) – Union Assurance has reported after-tax profit for the quarter ending March 2007 fell to 21 million rupees from 33 million in the …
ATM Trouble
A part of Sri Lanka's Hatton National Bank automated teller machine system has encountered a technical problem and is being repaired at the moment, a bank …
Corrupt Stories
May 09, 2007 (LBO) – The quality of corporate financial analysis in Sri Lanka is poor and the financial media is believed to be corrupt, a top business …
Bailout Probe
May 08, 2007 (LBO) -- Sri Lanka has appointed a special presidential commission to probe finance companies that went bust in the past, after the country's top …