Gihan Cooray appointed Chairman of Nations Trust Bank
Dec 13, 2018 (LBO) - Nations Trust Bank PLC has announced the appointment of Gihan Cooray as Chairman of the Board of Directors, with effect from December 1st …
Banking and Finance
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Sampath Bank Ranked One of Country’s Top Ten Corporate Citizens
(PRESS RELEASE) Also Wins Category Award for Governance at Best Corporate Citizen Sustainability Award 2018 Sampath Bank was recognized as one of Sri Lanka’s …
Sri Lanka’s macro economic conditions stable, Fiscal discipline required: CB Gov
Dec 06, 2018 (LBO) - Central Bank Governor Dr. Indrajit Coomaraswamy says that the islands debt situation is manageable and that no major destruction to the …
Fitch downgrades Sri Lanka financial institutions on sovereign downgrade
Dec 05, 2018 (LBO) – Fitch Ratings has downgraded the Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of the following Sri Lanka-based …
Sri Lanka Insurance gets new Chief and board
Nov 30, 2018 (LBO) - A new Chairman and board of Directors has been appointed to the Sri Lanka Insurance corporation with effect form 29 November 2018. …
Xiaomi officially enters the Sri Lanka market
Nov 30, 2018 (LBO) - New and innovative Chinese smartphone Xiaomi today announced its official entry into the Sri Lankan market to strengthen its presence and …
Non Executive Directors appointed to Bank of Ceylon Board
Nov 27, 2018 (LBO) – Bank of Ceylon said in a stock exchange filing that the Finance Minister has appointed new Non-Executive Directors to the Board of Bank …
New Chairperson of People’s Bank, Sujatha Cooray assumes duties
The newly appointed Chairperson of People’s Bank, Sujatha Cooray, a senior public servant, assumed duties at the Head office of People’s Bank on November …
Sri Lanka rupee hits new low of Rs.180: Stocks down 0.34-pct
Nov 23, 2018 (LBO) - The Sri Lanka rupee dropped to a low of 180.66 against the US dollar following a political crisis, which began a month earlier in the …
Moody’s downgrades ratings of BOC, HNB, Sampath Bank; changes outlooks to stable
Nov 21, 2018 (LBO) – Moody's Investors Service has downgraded the long-term local currency deposit and foreign currency issuer ratings of Bank of Ceylon …
Sri Lanka’s political crisis puts IMF loan negotiations on hold
Nov 21, 2018 (LBO) - The International Monetary Fund (IMF) loan facility to Sri Lanka, approved in mid-2016, has been put on hold due to the islands …
Neil Umagiliya assumes duties as Bank of Ceylon’s new Chairman
Nov 20, 2018 (LBO) - N.A. Umagiliya was appointed as the Chairman, Bank of Ceylon and assumed office on Monday 19th November 2018 as the 25th Chairman of the …
ComBank allows credit cardholders to settle balances with any debit/credit card
The Commercial Bank of Ceylon has introduced another first in online banking in Sri Lanka, making it possible for the Bank’s Credit Card holders to settle …
Finance Ministry says Asite Talwatte appointed as a Director of NSB
Asite Talwatte, a top professional and a veteran in the Corporate world has been appointed to the Board of National Savings Bank by the Minister of Finance and …
Sri Lanka’s Hattion National Bank 9 month Group PAT at Rs14.5Bn
Nov 15, 2018 (LBO) - Hatton National Bank PLC (HNB) reported a Profit After Tax (PAT) of 14.5 billion rupees at Group level for the nine months to September …
Vallibel Finance pre-tax profits grow by 28.2-pct to Rs.1.03Bn
Vallibel Finance PLC returned yet another impressive report card with profits before tax (PBT) for the six months ending September, 2018 reaching a record high …
Sri Lanka CB Chief confident of meeting debt repayment targets in 2019
Nov 14, 2018 (LBO) - Political uncertainty will not have an impact on Sri Lanka's debt repayment preparations for 2019, the Central Bank Governor said. …
Central Bank warns public to be attentive to financial scams/ phishing emails
Nov 14, 2018 (LBO) - The attention of the Central Bank of Sri Lanka (CBSL) has been drawn to recent grievances received from the general public regarding …
Commercial Bank weathers external challenges to post strong 9-month results
Sri Lanka’s benchmark private bank, Commercial Bank of Ceylon PLC has demonstrated its resilience in adverse conditions, weathering the twin challenges of …
Sampath Bank surpasses Rs.14 Bn mark in pre-tax profit
Sampath Bank achieved Rs.14.2 billion in Profit Before Tax (PBT) within the first 3 quarters of 2018, 20.3% higher than the PBT of Rs.11.8 billion recorded in …