DFCC records Rs.2.8Bn PAT in 2019
DFCC Bank, the largest entity within the group recorded a profit after tax (PAT) of Rs 2,828 million for the year ended December 31, 2019 excluding the fair …
DFCC Bank, the largest entity within the group recorded a profit after tax (PAT) of Rs 2,828 million for the year ended December 31, 2019 excluding the fair …
Pan Asia Banking Corporation PLC, “the Truly Sri Lankan Bank” ended 2019 Q4 with its best financial results ever, to report a Post Tax Profit of Rs.726.84 …
Feb 20, 2020 (LBO) - NDB Investment Bank (NDBIB) continued to execute milestone transactions in 2019, reiterating its position as the unrivalled leader in …
Feb 18, 2020 (LBO) – Deutsche Bank today announced it is investing in Sri Lanka and launching a major push into the corporate client market, with the rollout …
Feb 17, 2020 (LBO) - HNB Finance Limited’s initial public offering through an offer for sale of 10 million ordinary voting shares at 5.70 rupees per share …
Feb 13, 2020 (LBO) – Fitch Ratings has assigned DFCC Bank's proposed rupee-denominated Basel III-compliant subordinated debentures an expected National …
Feb 12, 2020 (LBO) – Fitch Ratings Lanka has affirmed HNB Finance Limited's (HFL) National Long- Term Rating at 'A(lka)' with a stable outlook. The agency …
HNB Finance Limited, a licensed finance company has obtained approval from the Colombo Stock Exchange to list its voting and non-voting ordinary shares. The …
Jan 30, 2020 (LBO) – Market lending rates have adjusted downwards, in response to monetary and regulatory measures taken by the Central Bank, but the pace of …
Jan 30, 2020 (LBO) – Growth of credit extended to the private sector has picked up in December 2019, on a year-on-year basis, following a continued slowdown …
Jan 29, 2020 (LBO) – A scheme for Sri Lankan banks to provide special credit support to SMEs this year should not have a material effect on banks' credit …
Jan 29, 2020 (LBO) - Opportunity2030: The Standard Chartered SDG Investment Map reveals an almost USD 10 trillion (USD 9.668 trillion) opportunity for …
Nipuni Perera Advances in technology have made nearshoring - the practice of shifting production operations to a nearby country closer to the end market - and …
Jan 27, 2020 (LBO) – Fitch Ratings has affirmed and withdrawn Sri Lanka-based National Savings Bank's (NSB) National Long-Term Rating of 'AA+(lka)' with a …
Jan 24, 2020 (LBO) - Fitch Ratings has affirmed Sir Lanka Telecom PLC's (SLT) National Long-Term Rating at 'AA+(Ika)'. The outlook is negative, the rating …
Jan 22, 2020 (LBO) – Fitch Ratings has revised the Outlook to Negative from Stable on the Long-Term Issuer Default Ratings (IDR) and National Long-Term …
Jan 21, 2020 (LBO) - The dreams of the future and the history of the past were interwoven when more than 4,000 staff members from all over Sri Lanka came …
"I am honored to assume the role of ADB President and to begin working in close cooperation with our 68 member countries. ADB has been a trusted partner of the …
Jan 17, 2020 (LBO) - Milford Ceylon Pvt Ltd., a Mauritius-based fund yesterday bought a 19 percent stake in Softlogic Life Insurance PLC for Rs. buy stendra …
Jan 16, 2020 (LBO) - Ratings agency Standard & Poor’s said it revised its outlook on Sri Lanka’s credit rating to negative from stable, citing …