Re-insurance
February 28 (LBO) – Ceylinco Insurance Company is investing in a regional re-insurance firm by participating in a capital raising exercise the company …
Banking and Finance
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Leasing Move
February 27 (LBO) – Sri Lanka's pioneer leasing firm LOLC, is stepping into Cambodia taking an equity stake in a micro-finance firm with several …
Tax Woes
February 27 (LBO) – Seylan Bank's group net profits rose 9.25 percent to 849.2 million rupees in 2006, as revenues climbed by 32.3 percent, its annual …
Foreign Money
February 23, 2007 (LBO) - Sri Lanka Friday announced plans to raise 100 million dollars by selling development bonds to foreign investors, while a drive to …
Mutual Benefits
February 22 (LBO) – A tax-efficient closed-end fixed income mutual fund launched by National Asset Management (NAMAL) is already attracting commitments …
Housing Billion
February, 21 (LBO) - HDFC Bank, Sri Lanka's largest mortgage lender, is to raise one billion rupees in 10-year funds through a mortgage securitization issue to …
Upper Limits
February 20 (LBO) – Sri Lanka’s Central Bank on Tuesday revised the requirements on single borrower limits to promote better risk management of …
Insurance Appetite
February 20 (LBO) – One of Sri Lanka's youngest listed insurance firms, HNB Assurance closed up 8 percent Tuesday after declaring a one-for-two bonus …
Bank Gain
February, 19 (LBO) – Hatton National Bank group profits rose 26 percent in 2006, with revenue growing by 27.5 percent and assets reaching 206 billion …
Top Line
February 19 (LBO) – Ceylinco Insurance Company said Monday its premium income had grown 19.5 percent to 15.3 billion rupees in 2006. It was promoted by …
Transparent Record
February, 18 (LBO) – Sri Lankan borrowers would be allowed to ask for their own credit reports and request changes if they are not correct, from the …
Cutting Duds
February 15 (LBO) – Sri Lanka financial authorities are clamping down on cheque returns with the help of a newly commissioned digital clearing system, …
Pension Penetration
February 15 (LBO) - Life Insurance Corporation Lanka is breaking into the untapped pension market in the country offering a long-term product that pays an …
Hedge Start
Feb 14, 2007 (LBO) - Sri Lanka has stepped into the murky world of futures and options by hedging part of its future oil payments for March, Ceylon Petroleum …
Safety Revenue
February 12 (LBO) – The life business of Janashakthi Insurance grew by 26 percent in the year to December with branch expansion driving new business, …
Steady Business
Feb 12 (LBO) – Rating agency Fitch Lanka affirmed Central Finance Company’s A+(lka)’ long-term rating on the strength of its vehicle …
Pension Hit
February, 9 (LBO) – A one-off pension charge hit Commercial Bank of Ceylon's earnings in the last quarter, dragging down annual profits despite capital …
Small Change
February 02 (LBO) – Sri Lanka's banks have reported much smaller volumes than previously expected, though state banks are yet to complete their reports, …
Free Push
Jan 31, 2007 (LBO) – HSBC in Sri Lanka is hoping to rope in more customers to its phone banking service by offering toll-free services in three languages …
Not so fast
January 30 (LBO) - The central bank is planning to introduce new prudential regulations for credit cards, following their rapid use and growth in lending, an …