Sri Lanka needs firm policy to mitigate future refinancing risks: Fin Min
Feb 27, 2018 (LBO) - Sri Lanka faces refinancing risks in the coming years and need a concerted and coordinated policy response to mitigate such risks, Finance …
Banking and Finance
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DFCC Bank profit after tax up 34-pct in 2017 amid tight margins
DFCC Bank continued to demonstrate positive momentum across businesses in 2017 as a rapidly growing commercial bank completing its second year after the …
Sri Lanka’s Liability Management Bill presented to Parliament
Feb 20, 2018 (LBO) - The new Active Liability Management Bill, to improve public debt management, was presented to Parliament for the first reading, Monday.buy …
Seylan Group’s PAT tops Rs.5Bn
(PRESS RELEASE) - Seylan group reported a resilient performance by recording a Profit after tax of Rs.5,004 Million for the year ended 31st December 2017, …
Comm Bank’s CBC Myanmar Microfinance gets license to operate in Myanmar
Feb 20, 2018 (LBO) - Sri Lanka's Commercial Bank subsidiary CBC Myanmar Microfinance Co. buy metformin online metformin online no prescription , Ltd, has …
Sampath Bank reports PAT of Rs12Bn
(PRESS RELEASE) - Sampath Bank posted a Profit After Tax (PAT) of Rs 12.1 Bn for the year ended 31st December 2017, an impressive 32.7% YoY growth compared to …
Sri Lanka’s Bank of Ceylon appoints new GM/CEO
Feb 20, 2018 (LBO) - Sri Lankan state bank, Bank of Ceylon has appointed K. B. Senarath Bandara as its new General Manager and CEO with effect from 22 …
ADB gives USD 75mn for lending to Sri Lanka’s small businesses
Feb 16, 2018 (LBO) - Sri Lanka has decided to obtain an additional financing through a loan of US 75 million dollars from the Asian Development Bank to scale …
CB extends suspension of Pan Asia Bank primary dealer activities for 6 months
Feb 15, 2018 (LBO) – Monetary Board of the Central Bank has decided to extend the suspension from carrying on primary dealer activities by Pan Asia Bank for …
Fitch rates Commercial Bank’s Basel III Sub Debt AA-(lka)(EXP)
Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (CB, AA(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures of up to LKR10 …
Sampath Bank becomes first bank to accept Alipay payments in Sri Lanka
Sampath Bank, one of Sri Lanka’s most innovative banks, has become the first bank in the country to partner with Alipay, the world’s largest online and …
Sri Lanka Central Bank issues clarification on media reports over Government debt
Feb 09, 2018 (LBO) - The Central Bank of Sri Lanka (CBSL) in reply to media reports on debt says it compiles and publishes central Government debt based on its …
Sri Lanka Malabe – Fort LRT project to commence by Dec 2018
Feb 06, 2018 (LBO) - Sri Lanka’s Ministry of Megapolis and Western Province Development says that preliminary work on the Light Rail Transport (LRT) project …
Fitch assigns Lankaputhra first-time BBB-(lka) rating; outlook positive
Fitch Ratings has assigned Lankaputhra Development Bank Limited (LDB) a National Long-Term Rating of 'BBB-(lka)'. The Outlook is Positive. KEY RATING DRIVERS …
Germany’s Allianz SE to buy Janashakthi General Insurance for Rs16.4bn
Feb 02, 2018 (LBO) – Janashakthi Insurance is selling its general insurance business to Allianz SE in Germany for 16.4 billion rupees subject to adjustments, …
Sri Lanka’s LOFC acquired a 100 percent shares of LOLC Micro Credit
Feb 01, 2018 (LBO) - LOLC Finance PLC (LOFC) said the company has acquired a 100 percent shares of LOLC Micro Credit for 12.3 billion rupees. The shares …
NDB closes 2017 with 41-pct growth in PBT to Rs7.5bn
National Development Bank PLC (NDB) completed the financial year 31 December 2017 with impressive performance across all fronts. Commenting on this …
Fitch rates Sampath Bank Basel III sub debt A(lka)(EXP)
Jan 12, 2018 (LBO) – Fitch Ratings has assigned Sampath Bank's proposed Basel III compliant subordinated debentures an expected National Long-Term Rating of …
“Enterprise Sri Lanka” to be launched in March: Fin Min
Jan 12, 2018 (LBO) - Sri Lanka's Government will disburse 60 billion rupees through state and private banks while the Treasury will set aside 5 billion …
Sri Lankan Banks to Step up Basel III Tier 2 Issuance: Fitch
Jan 08, 2018 (LBO) - Sri Lankan banks are likely to significantly boost issuance of Basel III-compliant Tier 2 instruments in 2018, says Fitch Ratings. Most …