Banking and Finance

Award

Dec 01, 2014 (LBO) - Sri Lanka National Development Bank (NDB) was recognised with the ˜Banker Financial Inclusion Award 2014’ of the Banker Magazine UK …

Innovative Banking

Nov 26, 2014 (LBO) – Sri Lanka’s banking sector needs new products and services to be competitive in the sector and to drive growth, Central Bank …

Debt Issue

Nov 26, 2014 (LBO) – Sri Lanka’s Fitch Ratings has assigned Siyapatha Finance proposed subordinated redeemable debentures of up to one billion …

Ratings

Nov 26, 2014 (LBO) – Sri Lanka’s Fitch Ratings has assigned Sampath Bank proposed subordinated debentures of up to seven billion rupees a final …

Profit Gain

Oct 04, 2014 (LBO) –Sri Lanka Seylan Bank, a private bank recorded a Profit before Tax of 3,490 million for the nine months ended 30th September 2014, …

Capital Gain

Oct 28, 2014 (LBO) – Sri Lanka's Bank of Ceylon (BOC) to receive 10 billion rupees from budget 2015 in order to strengthen the capital of the bank. …

Money Transfer

Oct 23, 2014 (LBO) – Sri Lanka DFCC Vardhana Bank (DVB), a commercial bank launched Lanka Money Transfer (LMT) service, a remittance service which allows …

Policy Rate

Oct 17, 2014 (LBO) - Sri Lanka's central bank held policy interest rates at 6.5 and 8.0 percent but said there is further room for banks to reduce lending …

Strongest Bank

Oct 07,2014 (LBO)- The Commercial Bank of Ceylon being adjudged ˜The Strongest Bank in Sri Lanka in 2014’ by The Asian Banker, a leading provider of …

Consolidation

Oct 01, 2014 (LBO) - Sri Lanka's regulator driven consolidation is on track with eight banks and non-bank lenders given approval for mergers and …

More paths

Sep 29, 2014 (LBO) - Sri Lanka’s UB finance to open more avenues to improve the small and medium sector and the lifestyle of the people, the company said …

Appointment

Sep 29, 2014 (LBO) – Sri Lanka’s Union Bank was appointed as a primary dealer in government securities in terms of the Registered Stock and …

SEC rules

Sep 25, 2014 (LBO) – Sri Lanka Security Exchange Commission says the managing companies and trustees of unit trust should maintain a minimum number of …

Equity Fund

Sep 25, 2014 (LBO) - Sri Lanka’s Ironwood Capital Partners, a private equity firm says that it has raised 30 million dollars for private equity …

Ratings

September 18, 2014 (LBO) - Sri Lanka's Fitch Ratings has affirmed Citibank Colombo Branch's (CitiSL) National Long-Term Rating at 'AAA(lka) with a stable …

New Appointments

September 02, 2014 (LBO) – Sri Lanka’s Monetary Board has appointed four new assistant governors with effect for 28 August this year to address the …

Ratings

September 02, 2014 (LBO) - Fitch Ratings has assigned Sri Lanka-based National Savings Bank's (NSB; BB-/Stable) proposed issue of US dollar-denominated notes …

Profit Gain

September 01, 2014 (LBO) - Sri Lanka's Bank of Ceylon said profits before tax increased 20 percent to 8.6 billion rupees the first half of 2014 compared to 7.2 …

New Appointment

August 28, 2014 (LBO) - Sri Lanka's Commercial Bank of Ceylon said K. online pharmacy buy abilify with best prices today in the USA buy clomiphene online …

Investment agreement

August 28, 2014 (LBO) -The Central Bank of Sri Lanka and the People’s Bank of China entered into a Bilateral Investment Agreement on Bond Investment on …