Banking and Finance

One Approach

The Bank of Ceylon is fine-tuning its loan book to boost private sector lending and limit its exposure to state owned entities. Loan growth for the first six …

Aid Spend

Cabinet Spokesperson Prof., G L Peiris says the government expects nearly US$ 1 billion of the US$ 4. online pharmacy buy doxycycline with best prices today in …

ACCAs Call

An international accounting body is calling for state regulation to improve corporate governance and best practices of local companies.Association of Chartered …

PERC Help

Peoples Bank plans to sell off its merchant banking unit through the governments privatisation arm endash the Public Enterprise Reform Commission.Chairman Lal …

Show & Tell

In a bid to lower lending rates further, the government is asking banks to publish a breakdown of their loan volumes by interest rates.ldblquote Commercial …

Auditing Auditors

A top-level committee to evaluate the role of auditors has suggested that accounting firms not take up any non-audit services and also opt for compulsory …

Laying Bricks

State housing finance giant HDFC plans to start offering pawning services to allow customers to take out housing loans.Loans linked to its pawning schemes will …

Safe Bet

Mercantile Leasing Ltd has raised Rs. 102.2 mn from the market by securitising its future cash flows.The four-year paper was priced at two percent above the …

Not Genuine

Pramuka Depositors have protested to the Monetary Board that no genuine effort is being made to restructure the failed bank and demanded that immediate …

Courtship Warms Up

Conglomerate John Keells is talking to potential partners to join their bid for an equity stake and management of Peoples Bank.John Keells Holdings Chairman …

New Birth

Sri Lankas second rating agency, Lanka Ratings is expecting to start operations in late October.Ceylinco Group owns a controlling 51% stake in the company, …

Fast Track

Union Assurance Ltd has posted a mammoth 227 percent growth in net profits for the first six months ending June 2003.Post tax profits for the period rose to …

Second Chapter

The Ceylinco Consolidated Group on Friday signed up with Rating Agency Malaysia Berhad or RAM, to launch Sri Lankas second credit rating agency.rnrnLanka …

Product Extension

Hatton National Bank is expanding its treasury operations with plans to start a fund management unit on the cards.Chairman, Chrishantha Cooray says the asset …

Private Help

The countrys top business chamber is trying to raise private sector investments to support the governments development vision.Ceylon Chamber says their annual …

Card Games

Fast emerging as a serious player in the local banking segment, Nations Trust Bank on Tuesday launched its own credit card, to add muscle to its growing …

Coming Clean

Seylan Merchant Bank Limited (SMB) has reported satisfactory growth in its financial results for the first half of 2003.In results released this week, SMB …

New Lease

Readywear Industries and subsidiary United Motors drove into the leasing sector on Monday looking for a three per cent market share by March 2004. Orient …

Spring Cleaning

The Commercial Bank of Ceylon Ltd., reported a group pre-tax profit of Rs. 936.9 million for the first half of 2003, an increase of Rs 101.6 million or 12.15 …

IFC Support

The private sector financing arm of the World Bank says it will stand by to support the Peoples Bank, when the government privatises the state banking …