Sri Lanka Court awards Rs. 800, 000 compensation to British tourist
Nov 15, 2017 (LBO) - Sri Lanka's Supreme Court today granted compensation and cost amounting to 800, 000 rupees to a British tourist, on the basis of the …
Banking and Finance
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HNB pre-tax profit up by 4-pct to Rs. 16.8Bn upto Sept
(PRESS RELEASE) - Hatton National Bank Plc (HNB) continued its growth momentum to post a Group Profit before VAT and NBT of Rs. 20.7 billion while PBT to Rs. …
Sri Lanka to give Rs.15Bn as concessionary loans to target sectors: Finance minister
Nov 15, 2017 (LBO) - The Ministry of Finance says that it will create a credit scheme with the allocation of 15 billion rupees in target sectors for low …
Sri Lanka Budget Keeps to IMF Plan But Fiscals Still Weak: Fitch
Nov 14, 2017 (LBO) - Fitch Ratings says Sri Lanka's budget for 2018 sticks broadly to the targets for fiscal deficit reduction under its three-year IMF …
Sri Lanka’s Commercial Bank reports PBT of Rs 19.7Bn in first nine months
Nov 14, 2017 (LBO) - Sri Lanka's Commercial Bank of Ceylon PLC has reported profit of 19.718 billion rupees before VAT and NBT on financial services for the …
Debt Repayment Levy for banks will be tax deductible: Finance Minister
Nov 10, 2017 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera told Parliament Friday that the planned bank levy will be a tax deductible business …
DFCC Bank launches “Premier Go”- first ever premier banking interactive app
DFCC Bank PLC launched “DFCC Premier Go”, the first ever premier banking app in the industry, exclusively for its Premier customers, at a special launch …
DFCC Bank reports strong 3Q amidst successful expansion drive
DFCC Bank continued to demonstrate positive momentum across business in the 3rd quarter of 2017 as a rapidly emerging full service commercial bank. Financial …
JKH to fully subscribe its entitlement of NTB rights issue
Nov 06, 2017 (LBO) – Sri Lanka’s diversified conglomerate John Keells Holdings said it will fully subscribe to its entitlement of the proposed rights issue …
Sri Lanka’s John Keells Holdings second quarter net edge down
Nov 06, 2017 (LBO) – Profits at Sri Lanka’s diversified John Keells Holdings edged down in the September quarter amid higher sales costs and lower profits …
Sri Lanka’s NDB records PAT of Rs 3.3Bn in Q3
Nov 01, 2017 (LBO) - Sri Lanka's National Development Bank PLC (NDB) reported a 64 percent growth in its Profit After Tax over the comparative period to record …
Sri Lanka inflation up to 7.8-pct in Oct
Nov 01, 2017 (LBO) - Sri Lanka's Colombo Consumers Price Index (CCPI) for all items for the month of October 2017 was 120.buy flexeril online buy flexeril …
Pan Asia Bank posts Rs 1.8 bn PBT for 9 months
(PRESS RELEASE) - Pan Asia Banking Corporation PLC recorded modest performance during its third quarter as well as for the first nine months amid challenging …
Seylan Bank records Profit-After-Tax of Rs.3Bn in 3Q
(PRESS RELEASE) - The Bank closed the 9 months ending 30th September 2017 with a post-tax profit of Rs.3,002 Mn, a moderate growth of 6% over the corresponding …
Fitch rates Bank of Ceylon’s Basel III sub-debt AA(lka)(EXP)
Fitch Ratings has assigned Bank of Ceylon's (BOC, AA+(lka)/Stable) proposed Sri Lanka rupee-denominated Basel III-compliant subordinated unsecured debentures …
New banks should also comply with new capital requirements: CB
Oct 26, 2017 (LBO) – New banks to be established or incorporated in Sri Lanka are required to meet new minimum capital requirements with immediate effect, …
Sampath Bank introduces first Banking Robot in Sri Lanka
Robotics enabled by artificial intelligence and machine learning is proving to be a game changer that will bring unique operational efficiencies to the …
Sri Lanka’s Nations Trust Bank Establishes Innovation Lab
(PRESS RELEASE) - Sri Lanka’s first innovation centre in the financial services sector has recently been launched by Nations Trust Bank, as part of their on …
Mastercard Opens-Up Access to Blockchain API for Partner Banks and Merchants
(PRESS RELEASE) - Provides connections into other Mastercard APIs to create new digital commerce experiences; API to be featured at Money20/20 Hackathon New …