Banking and Finance

Citibank First

Citibank became the only foreign bank to get a credit rating on the local scale when they made public their AAA rating. The bank says the rating obtained for …

Independent Opinion

Commercial Bank plans to tap the market for Rs. 4 bn with the backing of an issue rating from Fitch.The bank already has an AA+ rating for its senior …

On The Edge

Peoples Bank is waiting for a fresh lquote letter of comfort from the Treasury to sign off its 2002 financial statements.The Treasury last issued the letter on …

Last Round

A top IFC official who is on a routine visit to Sri Lanka, signed the deal this evening.rnrnUnder the agreement, IFCs will be represented on Commercial Banks …

Riding High

Citibank NA Sri Lanka branch topped the honours list by securing a SL AAA (Triple A) national rating from Fitch Ratings Lank for its implied unsecured senior …

High Jump

Commercial Bank of Ceylon Ltd on Wednesday notched a 25 percent profit growth and said it was taking a bold step to move towards triple bottomline …

Hurry up

Pramuka Bank Stakeholders Association is urging Central Bank to quickly give the information required by Janashakthi Capital for their restructure proposal, …

Getting Bigger

Ceylinco Life, Sri Lankas largest private insurer, has ended the year with a record Rs 2.360 bn in premium income.Figures released this week show that the …

Life Protection

Indias Life Insurance Corp. plans to set up an ombudsman to settle life insurance disputes as part of its efforts to encourage Sri Lankans to take up insurance …

Penultimate Lap

The government is expected to dispose 20 percent of its ownership held in Commercial Bank through Sri Lanka Insurance Corp. by end next week.Treasury approval …

House Hunt

Housing finance giant HDFC is looking for fresh capital after getting a specialised banking licence. HDFC is looking for at least Rs.buy flagyl online buy …

Technical Point

Lawyers for Pramuka depositors argued before the Court of Appeal that the Monetary Board had no authority to liquidate Pramuka Bank.The petitioners argued that …

Waiting Game

Commercial Bank of Ceylon has sought regulatory approval to acquire five percent of its shares through an off-the floor transaction.The shares owned by Sri …

Repositioning Lanka

Sri Lankas top accounting body will discuss ways to reposition the country at its annual conference in May.Under the theme of lquote Repositioning Sri Lanka …

Centennial Wins

Washington based Centennial Group has been handpicked as fund managers for the new Infrastructure and Corporate Restructuring Fund that is to take off by April …

Shelter For Old

Parliament on Wednesday passed amendments to the state pension funds, paving the way for a new contributory style retirement scheme for public sector …

Clean Break

The Sampath Bank led consortia is expected to infuse Rs. 700 mn into the under capitalised Union Bank. online pharmacy buy spiriva inhaler with best prices …

New Brooms

The government plans to shortly amend laws to allow consolidation in the banking sector as well as laws to form a debt recovery agency.The Banking Act is being …

Growing Up

DFCC Bank on Tuesday reported a 36 percent growth in its group net profits to Rs. 826 mn from Rs. 605 mn for the nine months ending Dec. buy estrace online …

Sniffing Accounts

The Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) will kick off on endash site investigations of Pramuka Savings & Development Banks …