Pan Asia Bank gets 3 months to comply with interim capital requirements
Feb 01, 2017 (LBO) – Sri Lanka’s Central Bank has extended the time period allocated to raise the interim capital requirement of Pan Asia Bank by three …
Banking and Finance
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Sri Lanka’s Central Bank extends Amana Bank’s deadline to raise capital
Jan 30, 2017 (LBO) – Sri Lanka’s Central Bank has extended the time allocated to raise the core capital requirement of Amana Bank to 7. online pharmacy buy …
Former Governor Mahendran “NOT” working at Ministry: Ravi
Jan 24, 2017 (LBO) - Sri Lanka's Finance Minister has denied reports that former Governor of the Central Bank, Arjun Mahendran is attached to his ministry or …
Bank of Ceylon becomes first bank in Sri Lanka to surpass Rs1 trillion advances
The Bank of Ceylon scored its third “Trillion” at the end of the year 2016. That is surpassing the Rs. One trillion mark in advances- another unique …
First Capital Holdings signs MOU with Oxford Business Group
(PRESS RELEASE) - Sri Lanka’s efforts to boost capital inflows through the gradual liberalisation of its trade and investment laws will be explored in a …
Standard Chartered’s “Welcome to the jungle” Global Research Briefing 2017
(PRESS RELEASE) - 18 January 2017, Colombo, Sri Lanka – Standard Chartered’s Global Research Team has included Sri Lanka as part of its Global Research …
Fitch affirms nine Sri Lankan banks, revises sector outlook to negative from stable
Jan 13, 2016 (LBO) - Fitch Ratings, a credit ratings agency has affirmed the long-term issuer default ratings (IDRs) of nine local banks and revised its sector …
Sri Lanka tea see good demand at auction
Jan 11, 2016 (LBO) - Sri Lanka tea’s weekly Auction concluded seeing good demand with high grown tea prices recording gains and low grown teas fluctuating, …
Sri Lanka’s credit rating upgrade depends on IMF compliance: Fitch
Jan 10, 2017 (LBO) - Sri Lanka's potential improvements in sovereign credit profiles will depend on the country's level of compliance with IMF conditions, as …
ICICI Bank Joins Sri Lanka’s LankaPay Common ATM Network
(PRESS RELEASE) - ICICI Bank, India's largest private sector bank by consolidated total assets, recently joined ‘LankaPay Common ATM Network’, the …
Sri Lanka Amana Bank seeks foreign investors for capital enhancement
Dec 30, 2016 (LBO) – Sri Lanka’s Amana Bank today said its director board is currently in discussions with prospective foreign investors to enhance their …
Sri Lanka’s Abans Finance to raise capital with Rs277mn rights issue
Dec 28, 2016 (LBO) – Sri Lanka’s finance sector player, Abans Finance, is to raise 277.34 million rupees by way of a rights issue, the company said in a …
Brac Lanka Finance to raise capital with Rs1.32bn rights issue
Dec 23, 2016 (LBO) – Sri Lanka’s finance firm, Brac Lanka Finance is to raise 1.32 billion rupees by way of a rights issue, the company said in a stock …
Asia stocks pressured by Wall Street, dollar holds below 14-yr peak
SINGAPORE, Dec 23 (Reuters) - Asian stocks stepped back in subdued trade on Friday as Wall Street took a breather from its relentless rise since the …
Strong safeguards must accompany Asia’s infrastructure drive: ADB
Dec 21, 2016 (LBO) - Asia’s spending on growth-boosting infrastructure is set to get a tailwind from development financing while the safeguard systems used …
Sri Lanka’s BoC to open subscription for Rs8 bn debenture
Dec 20, 2016 (LBO) - Sri Lanka’s state run Bank of Ceylon is opening the subscription list of its 8th listed Rupee debenture issue on 21st December 2016. …
Sri Lanka PM cancels Seylan Bank foreign deal, orders probe: Finmin
Dec 19, 2016 (Reuters) – Sri Lankan Prime Minister Ranil Wickremesinghe has ordered a reversal and a probe into the 1.3 billion rupees ($8.7 million) Seylan …
Colombo Stock Exchange lifts trading ban on Brac Lanka Finance
Dec 15, 2016 (LBO) – Sri Lanka’s securities watchdog, the Securities & Exchange Commission has instructed the Colombo Stock Exchange to lift the …
Central Bank approves Richard Pieris, Chilaw Finance amalgamation
Dec 14, 2016 (LBO) – Sri Lanka’s Central Bank has granted approval for the amalgamation of Clilaw Finance with Richard Pieris Finance, by taking over all …
Fitch rates Bank of Ceylon subordinated debt final AA(lka)
Fitch Ratings Lanka has assigned Bank of Ceylon's (BOC; AA+(lka)/Stable) proposed Basel II-compliant subordinated debentures of up to LKR8bn a final National …