Central Bank to issue license cancellation notice to The Finance Company
Oct 23, 2019 (LBO) – Monetary Board of the Central Bank has decided to issue a Notice of Cancellation of the License issued to The Finance Company (TFC), …
Banking and Finance
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Challenges faced by SL’s real estate market; A direct reflection of the economy
Oct 21, 2019 (LBO) - Real estate is one of the Sri Lanka’s major revenue-generating sources. The country’s post-war impressive growth has led this sector …
Real-time online payment facility for BOI customers
Oct 21, 2019 (LBO) - The Board of Investment of Sri Lanka has taken another significant step forward where customers have the convenience of making their …
ICRA Lanka revises outlook on issuer rating of BoC to negative
Oct 21, 2019 (LBO) - ICRA Lanka Limited, subsidiary of ICRA limited, a group company of Moody’s Investors Service, has reaffirmed the issuer rating of Bank …
LankaPay, JCB International announce commercial roll-out of National card scheme
Oct 16, 2019 (LBO) - LankaClear (Pvt) Limited, the operator of LankaPay, Sri Lanka’s National payment network, together with JCB International Co., Ltd. , …
Hemasiri Fernando retires from Chairmanship of People’s Leasing & Finance
Oct 15, 2019 (LBO) – Former Defence Secretary, Hemasiri Fernando has retired from the office of People’s Leasing & Finance with effect from 12 October …
SL calls for integrated , balanced approach for prevention of drug use and abuse
Oct 15, 2019 (LBO) - Sri Lanka has called for an integrated and balanced approach in the prevention of drug use and abuse, noting that tackling this issue …
Sri Lanka CB maintains policy rates unchanged
Oct 11, 2019 (LBO) - Sri Lanka's Monetary Board has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) …
CAL surpasses an LKR 100 Bn footprint in Investment Banking
Oct 10, 2019 (LBO) – Capital Alliance (CAL) has continued its reign as the market leader in Investment Banking services (Debt & Equity fundraising and …
John Keells Hotels provides Rs. 2.45 bn corporate guarantee to People’s Bank
Oct 09, 2019 (LBO) – John Keells Hotels has given a corporate guarantee for 2.45 billion rupees to People’s Bank, in respect of a long-term loan facility …
Sampath Bank ranks among Sri Lanka’s 10 Most Admired Companies
Standing testimony to its superlative service to the nation, Sampath Bank was placed among Sri Lanka’s 10 Most Admired Companies at the ‘Most Admired …
Softlogic Capital to raise Rs1.5Bn
Oct 08, 2019 (LBO) - Softlogic Capital PLC has decided to raise Rs 1,500 million through a debenture issue, a statement said. Soflogic Capital said in a …
Sri Lankan bank lending rate cap may not support loan growth : Fitch
Oct 07, 2019 (LBO) - The lending rate cap recently imposed by the Central Bank of Sri Lanka (CBSL) on rupee-denominated loans extended by Sri Lankan banks may …
LankaPropertyWeb partners with HNB for Home Loan Products
LankaPropertyweb.com (LPW), Sri Lanka’s premier property site, recently tied up with Hatton National Bank (HNB) to offer its customers a range of home loan …
Cinnamon Life’s office tower to open in Q1 2020
Oct 03, 2019 (LBO) - John Keells Properties announced that Cinnamon Life projects office tower complex will officially open for business in early 2020. In May …
HNB recognised as Sri Lanka’s strongest bank by Asian Banker
Oct 03, 2019 (LBO) - Hatto National Bank was recognized as Sri Lanka’s strongest bank by balance sheet evaluation by the Asian Banker Magazine. “There are …
Imposition of lending rate caps, a credit positive: Central Bank replies to Moody’s
Oct 01, 2019 (LBO) – Sri Lanka's Central Bank says that the imposition of caps on lending rates of licensed banks would, in fact, be credit positive, …
Sri Lanka’s lending rate cut is credit negative for banks: Moody’s
Sep 27, 2019 (LBO) – Sri Lanka’s recent lending rate cut will compress banks' net interest margins (NIMs) and add to their existing profitability …
Economist Deshal de Mel rejoins Sampath Bank Board
September 27, 2019 (LBO) - Economist Deshal de Mel has been appointed as an Independent Non-Executive Director to the board of Sampath Bank. De Mel perviously …
Salaries of public servants to be increased from Jan 2020: Fin Min
Sep 27, 2019 (LBO) - The monthly salary of all public servants will be increased by a minimum amount of 3000.00 rupees and, a maximum of 24,000.00 rupees per …