DFCC becomes first Sri Lankan bank to be certified for Visa’s QR Payment Solution
DFCC Bank created history by becoming the first bank in Sri Lanka to be certified for Visa’s QR Payment Solution. A ceremony was held recently at the DFCC …
Banking and Finance
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Central Bank clarifies issues on sale of ETI Finance Ltd
Feb 12, 2019 (LBO) - Sri Lanka's Central Bank says it has come to the notice of the Bank that some misinformation is circulating pertaining to ETI Finance Ltd …
Central Bank requests customers to use EMV enabled cards for ATM transactions
Feb 06, 2019 (LBO) – Sri Lanka’s Central Bank requests customers to use EMV enabled payment cards for ATM transactions to strengthen the security of these …
Commercial Bank enables online payment of Ports Authority charges
Feb 06, 2019 (LBO) – Commercial Bank of Ceylon has added the Sri Lanka Ports Authority to its online banking platform, enabling customers to pay their Ports …
LankaClear says their payment network has not been compromised
Feb 05, 2019 (LBO) – Operator of Sri Lanka’s national payment network, LankaClear assures the general public that their payment network, LankaPay has not …
Fitch announce re calibration of Sri Lankan National rating scale
Feb 05, 2019 (LBO) - Fitch Ratings said today it will re-calibrate the Sri Lankan National Rating scale to reflect changes in the relative creditworthiness …
Sri Lanka’s John Keells Holdings profits up 7-pct in 3Q
Jan 31, 2019 (LBO) – Profits attributable to equity holders of the diversified John Keells Holdings group rose 7 percent to 4. online pharmacy buy abilify …
Enterprise Sri Lanka loan scheme disburses Rs217mn to over 500 recipients
Jan 31, 2019 (LBO) – Policy Development Office of the Prime Minister’s Office says the “Thurunu Diriya” loan scheme, which was implemented to empower …
Fitch rates DFCC’s senior debt at ‘AA-(lka)(EXP)’
Jan 31, 2019 (LBO) – Fitch Ratings has assigned DFCC Bank's proposed Sri Lanka rupee-denominated senior debentures an expected National Long-Term Rating of …
Sampath Bank says ‘incident’ reported in media already corrected
Jan 29, 2019 (LBO) – Sampath Bank says they have already taken appropriate measures to correct what they called an ‘incident’ occurred several months …
Sri Lanka reserves at USD7.0Bn
Jan 29, 2019 (LBO) - Sri Lanka Governments's gross official reserves stood at US dollars 7.0 billion which was equivalent to 3.7 months of imports at end …
Fitch downgrades HDFC Bank to ‘BB+(lka)’ as government support weakening
Jan 24, 2019 (LBO) – Fitch Ratings has downgraded the National Long-Term Rating and senior unsecured debentures of Housing Development Finance Corporation …
Sri Lanka obtains USD200Mn from WB for primary health care system
Jan 23, 2019 (LBO) - Sri Lanka is to obtain USD 200 million from the International Bank for Reconstruction and Development (IBRD) of the World Bank to …
Chinese payment solution ‘WeChat Pay’ acceptance launched by Commercial Bank
Chinese tourists visiting Sri Lanka now have the added benefit of purchasing goods and services and paying for them through ‘WeChat Pay’ – one of the …
Financial sector regulators sign MoU for consolidated risk-based supervision
Jan 04, 2019 (LBO) - The Central Bank of Sri Lanka (CBSL) entered into a Memorandum of Understanding (MoU) with the Securities and Exchange Commission of Sri …
Fitch rates Seylan Bank’s Basel III sub debt BBB+(lka)(EXP)
Jan 04, 2019 (LBO) – Fitch Ratings has assigned Seylan Bank's proposed Basel III compliant subordinated debentures an expected National Long-Term Rating of …
LRT project to kick start in 2019 : Cabinet nod for Japanese aid of USD1850Mn
Jan 04, 2019 (LBO) - Sri Lanka's Finance Ministry says that cabinet approval has been received to go ahead with US 1850 million dollar loan agreement with …
MBSL announces changes in MIDCAP with year-end index rebalance
In a pioneering move, Merchant Bank of Sri Lanka & Finance PLC (MBSL) constructed a Stock market Index: the "MBSL MIDCAP Index", which measures the …
Fitch Rates Sampath Bank’s Basel III Sub Debt ‘A(lka)(EXP)’
Jan 02, 2019 (LBO) - Fitch Ratings has assigned Sampath Bank PLC's (A+(lka)/Stable) proposed Basel III compliant subordinated debentures an expected National …
Sri Lanka’s Commercial Bank to raise Rs15bn through listed debenture
Dec 20, 2018 (LBO) – Sri Lanka’s listed Commercial Bank plans to raise as much as 15 billion rupees from an issue of debentures which will be quoted on the …