Siyapatha Finance Posts Steady Growth in 1st half 2024
Siyapatha Finance PLC recently posted a steady financial growth for the first half ended 30 June 2024. The company recorded a Profit After Tax (PAT) of Rs.513 …
Banking and Finance
CBL Global Foods and USAID join forces to transform Sri Lanka’s coconut industry
CBL Global Foods Limited (CBL GFL), a key player in Sri Lanka’s agribusiness sector and a subsidiary of the CBL Group – one of the largest food …
ComBank becomes first bank in Sri Lanka to receive Corporate Finance Advisor licence from SEC
Commercial Bank of Ceylon PLC has become the first Sri Lankan bank to receive a licence from the Securities and Exchange Commission of Sri Lanka (SEC) to …
Ceylinco Life to invest Rs 2 billion as Anchor Investor in DFCC Bank Green Bond
Ceylinco Life has announced it will break new ground by investing Rs 2 billion in Sri Lanka’s first Green Bond, serving as its anchor investor in an emphatic …
Union Bank Launches 24 Hours Rapid Vehicle Leasing
Union Bank recently relaunched its leasing facilities with competitively low monthly rentals and 24 hours approval providing customers the flexibility …
CSE and DFCC Bank Forge Strategic Partnership through New MOU
The Colombo Stock Exchange (CSE) and DFCC Bank PLC (DFCC) signed a Memorandum of Understanding (MoU) recently with the aim of enhancing the facilitation of …
Fitch Revises UB Finance’s Outlook to Negative; Affirms Rating at ‘BB(lka)’
Fitch Ratings has revised the Outlook on Sri Lanka-based UB Finance PLC (UBF) to Negative from Stable and affirmed its National Long-Term Rating at
ComBank announces special concessions on foreign university payments
The Commercial Bank of Ceylon has announced a series of attractive concessions for students making payments to foreign universities in the next three months. …
Fitch Rates DFCC Bank’s Debut Green Bond Final ‘A-(lka)’
Fitch Ratings has assigned DFCC Bank PLC's (A-(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured listed green bonds of up to LKR2.5 billion …
HNB’s Rating Unaffected by Proposed Acquisition of Alfalah’s Bangladesh Business: Fitch Ratings
Hatton National Bank's potential acquisition of Bank Alfalah Limited’s Bangladesh operations is unlikely to affect the Sri Lankan bank’s ratings, says …
IFC Launches First-of-its-kind Program to Support Financial Institutions in Addressing Financial Abuse
To support financial institutions in addressing financial abuse, IFC today launched 'Empower Finance', an 18-month program implemented with support from the …
Union Bank Unveils Upgraded UBgo Mobile App as Part of Digital Transformation Agenda
Union Bank is excited to announce the launch of the upgraded UBgo mobile app, marking a significant milestone in the bank’s digital transformation agenda. …
Seylan Bank Relaunches New Factoring Financial Services to Enterprising Businesses
Seylan Bank has expanded their comprehensive suite of financial services with Seylan Factoring, a means for clients to raise funds by trading outstanding trade …
ComBank leads the Home Loan market, supporting Sri Lankan home builders
The Commercial Bank of Ceylon has emerged as the biggest supporter of the dreams of home builders in Sri Lanka, achieving market leadership in the ‘Home …
Union Bank Appoints Dilshan Rodrigo as New Chief Executive Officer
Union Bank announced the appointment of Mr. Dilshan Rodrigo as its new Director/Chief Executive Officer, effective 16 August 2024. With an impressive …
ComBank raises Rs 22.54 bn from shareholders via biggest rights issue by a local bank
The Commercial Bank of Ceylon PLC has announced that it has successfully completed the largest rights issue to date by a bank in Sri Lanka, raising Rs 22.54 …
Podcast insights from Prof.’s Ghosh and Nicholas on global inequality, IMF’s “real” agenda
In the latest series of the RIUNIT podcast hosted by Roshan Madawela, distinguished economists Prof. Howard Nicholas and Prof. Jayati Ghosh, delve deeply into …
Fitch Rates DFCC Bank’s Proposed First Green Bond ‘A- (EXP)(lka)’
Fitch Ratings has assigned DFCC Bank PLC's (A-(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured listed green bonds of up to LKR2.5 billion …
WISTA hosts Karen Leong for keynote on transformative leadership
In a rapidly evolving world marked by technological advancements, geopolitical uncertainties, shifting customer expectations, and significant workplace …
Fitch Assigns Hatton National Bank’s Basel III Subordinated Debt Final ‘BBB+(lka)’
Fitch Ratings has assigned Hatton National Bank PLC's (HNB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of …