CBSL releases inaugural annual economic review and financial statements for 2023
The inaugural publication under Section 80 of the Central Bank of Sri Lanka Act, No. 16 of 2023 (CBA), namely, the Annual Economic Review 2023, and the …
Banking and Finance
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Fitch Affirms Siyapatha Finance at ‘BBB+(lka)’; Outlook Stable
Fitch Ratings has affirmed Siyapatha Finance PLC's National Long-Term Rating at 'BBB+(lka)' with a Stable Outlook. Fitch also affirmed Siyapatha's subordinated …
SLASSCOM welcomes Sri Lanka’s National Digital Economy Strategy
Sri Lanka, a nation poised at the cusp of digital transformation, has taken a monumental step forward with the introduction of its National Digital Economy …
President of Iran to arrive in Sri Lanka to open Uma Oya today
President of the Islamic Republic of Iran Dr. Ebrahim Raisi is scheduled to make an official bilateral visit to Sri Lanka at the invitation of President Ranil …
Australia and Sri Lanka further strengthen ties with launch of new joint maritime security operation
Australia and Sri Lanka’s commitment to countering maritime security threats has been on display with the launch of a new joint maritime security operation …
‘ComBank Digital’ links Dept. of Commerce for online payments with LankaPay
The Commercial Bank of Ceylon has announced the integration of the Department of Commerce (DOC) with ‘ComBank Digital’ enabling online payments for …
ComBank appoints new Chairman and Deputy Chairman
Commercial Bank of Ceylon PLC has announced the appointment of top international investment banker Mr Sharhan Muhseen as Chairman, and financial services …
ComBank breaks new ground in Sri Lanka enabling Alipay QR payments for merchants
The Commercial Bank of Ceylon has opened up a world of new opportunities for Sri Lankan businesses, by becoming the first bank in Sri Lanka to enable Alipay QR …
Fitch Rates Hatton National Bank’s Basel III Subordinated Debt ‘BBB+(EXP)(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 …
CBSL strengthens Business Revival Units in Banks to Support Revival of Businesses
The Central Bank of Sri Lanka issued broad guidelines to licensed banks on 28 March 2024, to further strengthen the functions of already established Post …
ComBank partners with IFC to develop Supply Chain Financing strategy
The Commercial Bank of Ceylon has announced a collaboration with the International Finance Corporation (IFC) to build a Supply Chain Financing (SCF) strategy …
Sri Lankan Microfinance Bank LOLC opens new branch in Islamabad
The LOLC Microfinance Bank inaugurated its latest branch in the Blue Area of Islamabad. The High Commissioner of Sri Lanka to Pakistan Admiral Ravindra C. …
Union Bank unveils bold new logo in sync with new transformational phase
Union Bank, now partnered by the strength of the global conglomerate CG Corp Global, recently unveiled a new logo that embodies the Bank’s new strategic …
Brantel appointed Partner and Reseller of global networking giant Cisco
Brantel Lanka (Pvt) Ltd., has announced the Company’s appointment as a Partner and Authorised Reseller in Sri Lanka for Cisco Networks, the global leader in …
Union Bank appoints Dinesh Weerakkody to the Board
The Board of Directors of Union Bank of Colombo PLC announced the appointment of Dinesh Weerakkody a distinguished banker and financial advisor with vast …
FitsAir Launches Direct Flights from Colombo to Dhaka, Bangladesh
FitsAir, Sri Lanka’s low-cost airline, is pleased to announce the launch of direct flights connecting Colombo and Dhaka, Bangladesh in April 2024. This move …
Commercial Bank integrates an AI-powered Assistant to their Annual Report 2023
March 5, 2024, will go down as a red-letter day for the world’s investor relations community. On this day, Commercial Bank of Ceylon PLC, headquartered in …
Banks alarmed by suspension of parate process at behest of a few individual defaulters – SLBA
The unilateral decision by the government to suspend debt recovery via parate laws is a knee-jerk response to intense lobbying by a few individual defaulters …
Fitch affirms Abans Finance at ‘BBB+(lka)’; Outlook remains negative
lbo.lk,lbo Fitch Ratings has affirmed Abans Finance PLC's National Long-Term Rating at 'BBB+(lka)'. The Outlook remains Negative. KEY RATING DRIVERS …
New data show massive, wider-than-expected global gender gap: World Bank
The global gender gap for women in the workplace is far wider than previously thought, a groundbreaking new World Bank Group report shows. When legal …