Export Plus
The Sri Lanka Export Credit Insurance Corporations is looking to raise its liability exposure to Rs. 40 bn with the expansion of its product portfolio. buy …
Banking and Finance
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Rural Clean Up
The Treasury is to sell off a 47 percent stake it holds in each of the six rural development banks and offer it up to private management.Under the new …
Goodbye
The government has announced a massive voluntary retirement package to its employees in more than 50 institutions already identified for closure, merger or …
Come Clean
Depositors have asked for the updated financial status of Pramuka Bank to make a detailed restructuring proposal to Central Bank.ldblquote We need to clean up …
Foreign Deposit
Commercial Bank will seek regulatory approval to acquire Credit Agricole Indosuezs (CIA) Bangladesh operations. The acquisition will give Commercial Bank its …
Choppy Ride
The Central Bank on Monday named financial institutions that are not registered with the bank, but continue to raise funds from the public.The 31 companies …
Mop Up
Central Bank sold Rs. 1 billion of its Treasury Bill in the secondary market on Wednesday to mop up excess liquidity in the banking system. online pharmacy buy …
Term Tests
The first in a line up of state sector accounting reviews kicked off Tuesday, with the National Review Committee studying the Ports Authoritys books.Accounts …
Letting Go
Hatton National Bank has (HNB) offered a voluntary retirement package to its top management as part of the banks restructuring, that has been going on over the …
Centre Holds
Central Bank tightened the regulatory grip with the introduction of minimum levels of capital.Finance companies under a Central Bank directive will have to …
Outright sales
Central Bank may start outright sales of government securities as early as next week with rising foreign inflows boosting the countrys money …
No Vacancy
HNB senior officials told Lanka Business Online that the Bank could consider rescheduling the loan if the owners put up a minimum 50 per cent of the …
Moping Up
The fresh issues could set off more regular longer term borrowing as the state looks to maintain low inflation and interest rates. rnrnThe 10 year issue is …
No Cuts
Central Bank left key interest rates unchanged on account of the high liquidity in the financial system at present. The decision came after its monthly policy …
Suspension – II
The Supreme Court on Monday gave Central Bank 14 days to re-suspend Pramuka Banks license to facilitate restructuring.The Court concluded that interested …
Return Ticket
Supreme Court on Friday refused to take up Central Banks appeal on the Court of Appeal decision on Pramuka Bank.The Central Bank sought to stay the Appeal …
An Eagles Calling
National Development Bank on Thursday acquired Zurich Insurance Companys 58.44 per cent stake in Zurich NDB Finance Lanka endash the holding company for Eagle …
Eagles Call
Capital Development & Investment Co (CDIC) plans to come out with a Rs. 1.5 bn rights issue to pay for its acquisition of Eagle Insurance.NDB on Thursday …
Smooth Ride
Bus leasing specialist, Peoples Leasing, raised another Rs. 300 mn via securitisation paper for its general business expansion.First Capital Markets, the …
Fitch Is Watching
Hattion National Bank, Sri Lankas largest privately held commercial bank, had its long-term SL A national rating, put on a ratings watch by Fitch Ratings Lanka …