Banking sector to provide 25-pct average return over 1-Year: FC Research
Jan 04, 2018 (LBO) – First Capital Research expects the banking sector to have a steady phase during 2018E-20E with stable credit growth, improving GDP …
Banking and Finance
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Sri Lanka’s Sampath Bank introduces slip-less transactions
Jan 04, 2017 (LBO) - Sampath Bank has launched slip-less transactions to provide their customers greater convenience through a mobile app that is available on …
World Finance declares COMBANK best in Sri Lanka for Digital & Mobile Banking
(PRESS RELEASE) Presents awards for‘Best Digital Bank’ and ‘Best Mobile Banking Application’ in Sri Lanka in 2017 The Commercial Bank of Ceylon PLC …
Sri Lanka to raise USD5Bn from Sovereign and Development Bonds in 2018
Jan 04, 2018 (LBO) - Sri Lanka's cabinet of ministers have given approval to raise up to US 2 billion dollars through foreign commercial borrowings and a …
CB restricts deposit withdrawals of ETI Finance, Swarnamahal Financial Services
Jan 02, 2018 (LBO) – Sri Lanka’s Central Bank has restricted the withdrawal of maturing deposits and renewal of such deposits of ETI Finance and …
Sri Lanka Cargills bank appoints Theagarajah as new MD, CEO
Jan 02, 2018 (LBO) - The Cargills Bank has appointed Rajendra Theagarajah as its Managing Director and Chief Executive Officer effective from January 1. buy …
Sri Lanka President to make official statement on 2015 bond scam tomorrow
Jan 02, 2018 (LBO) - Sri Lanka's President Maithripala Sirisena will make a statement on recommendations regarding the final report of the Presidential …
Sri Lanka extends deadline for exchange of mutilated currency notes
Jan 01, 2018 (LBO) - Sri Lanka's Central Bank said it had decided to extend the time period for the exchange of currency notes at Licensed Commercial Banks …
Fitch affirms 9 Sri Lankan banks: Revises DFCC outlook to Stable
Dec 22, 2017 (LBO) - Fitch Ratings has revised the Outlook on DFCC Bank Plc (DFCC) to Stable from Negative. It has also affirmed the Long-Term Issuer Default …
Moody’s says Sri Lanka needs to further push fiscal reforms for better credit profile
Dec 19, 2017 (LBO) - Moody's, an Investors Service says high general government debt levels in Sri Lanka, rated B1 negative, very low debt affordability, and …
Financial Intelligence Unit enters into MOU with Sri Lanka Police
In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a …
ADB gives USD270Mn for road and water projects in Jaffna
Dec 15, 2017 (LBO) - The Asian Development Bank (ADB) will give US 270 million dollars in financial assistance from for the implementation of the integrated …
Sri Lanka’s Central Bank hosts 10th International Research Conference
Dec 13, 2017 (LBO) - The 10th International Research Conference of the Central Bank of Sri Lanka was held on December 8 at the Bank's John Exter International …
CSE approves Sampath Bank’s Rs6bn Basel III compliant debt issue
Dec 11, 2017 (LBO) – Colombo Stock Exchange has approved in principle an application for listing the Basel III compliant debt securities of Sampath Bank. …
Seylan Bank conducts Internet Banking Draw
In order to promote the use of Internet Banking at all islandwide branches, Seylan bank organized a special draw ‘Prizes and surprises with Seylan Internet …
Any revival plan for CIFL needs at least Rs3bn investment: CB
Dec 05, 2017 (LBO) – Sri Lanka’s Central Bank on Tuesday said that any revival plan for troubled Central Investments and Finance (CIFL) needs at least 3 …
People’s Leasing completes acquiring 51-pct of Bangladeshi finance firm
Dec 05, 2017 (LBO) – People’s Leasing & Finance has completed the acquisition of 51 percent stake of the Bangladeshi finance firm, Alliance Leasing and …
Sri Lanka’s LB Finance debenture issue oversubscribed
Dec 05, 2017 (LBO) - Sri Lanka's LB Finance 3 billion rupee debenture issue was oversubscribed, Monday. The subscription list of the issue was opened on 4 …
Sri Lanka to host South Asia Forum on infrastructure regulation
Nov 24, 2017 (LBO) - Sri Lanka to host the 14th Executive Committee meeting of the South Asia Forum of Infrastructure Regulation (SAFIR) in Weligama, Sri Lanka …
CB issues notice of licence cancellation to Central Investments & Finance
Nov 23, 2017 (LBO) – Monetary Board of the Central Bank has decided to issue a notice of cancellation of licence granted to Central Investments and Finance. …