Profit Gain
May 18, 2014 (LBO) - Sri Lanka's Commercial Bank of Ceylon said profits before tax drop marginally to 6.474 billion in the first half of 2014 due to imposition …
Banking and Finance
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On Track
Aug 04, 2014 (LBO) - Sri Lanka's regulator driven consolidation is on track with 12 banks and 57 non-bank lenders submitting plans for mergers and …
Growth Path
Aug 01, 2014 (LBO) - Profits at Sri Lanka's National Development Bank rose 5.6 percent from a year earlier to 843 million rupees, helped by higher net interest …
Banking Plan
July 31 2014 (LBO) - Sri Lanka's state-run Bank of Ceylon, a major lender to the state and state enterprises will boost customer service and attract more …
New Chair
July 29, 2014 (LBO) - Dharma Dheerasinghe, has been appointed Chairman of Commercial Bank of Ceylon, with the retirement of Dinesh Weerakkoddy. Preethi …
Mortgage Gains
July 23, 2014 (LBO) - Profits at Sri Lanka's HDFC Bank, a mortgage lender, surged over five fold to 82 million rupees in the June 2014 quarter from a year …
Consolidation
July 22, 2014 (LBO) - George Steuart Finance Deshodaya Development Finance Limited (DDFC), has inked a deal to acquire George Steuart Finance Plc, which valued …
Consolidation
July 17, 2014 (LBO) - Sri Lanka's Commercial Bank of Ceylon said it will acquire Indra Finance, a finance company linked to a top vehicle retailer for 870 …
Pawning Loans
July 17, 2014 (LBO) - Benefits from a state guarantee for gold-backed loans (pawning) will be temporary, a report by Standard & Poor's, a rating agency said. …
Merger Consultants
June 17, 2014 (LBO) - Sri Lanka's National Development Bank and DFCC Bank has engaged Boston Consulting Group (India) Pvt Ltd, to advice on a planned merger. …
Top Appointment
July 16, 2014 (LBO) - Sri Lanka's Commercial Bank of Ceylon said Sivakrishnarajah Renganathan, the Bank’s Deputy General Manager Personal Banking has …
Worth Watching
July 10, 2014 (LBO) - Countries with high levels of externally financed domestic credit should be careful about loose monetary policy, a report by Standard and …
Regional Chief
July 10, 2014 (LBO) - Sharhan Muhseen a Sri Lanka born investment banker, has been appointed Head of Financial Institutions for Southeast Asia at Credit …
Debt Sale
July 04 2014 (LBO) - Sri Lanka's state-run Bank of Ceylon is planning to 8. online pharmacy buy spiriva inhaler with best prices today in the USA 0 billion …
Bank Trend
July 03, 2014 (LBO) - Sri Lanka's bank credit is estimated to grow 14 percent in 2014 and outlook for the sector is 'stable' with bad loans to also stabilize …
Merger Plans
July 01, 2014 (LBO) - Sri Lanka's central bank said 'almost all' banks and finance companies have submitted plans to merge or acquire others in a regulatory …
Acquisition
July 01, 2014 (LBO) - Sri Lanka's TKS Finance Limited said it was acquiring Asian Finance Limited under a financial sector consolidation initiated by the …
Credit Trend
June 30, 2014 (LBO) - Sri Lanka's credit to private business from commercial banks fell 15. buy advair rotahaler online …
New Bank
Starting Up June 30, 2014 (LBO) - Cargills Bank Plc, Sri Lanka's newest commercial bank promoted by listed Cargills (Ceylon) Plc and CT Holdings opened for …
Debt Sale
June 24, 2014 (LBO) - Sri Lanka's DFCC Bank is to sell 5.0 billion rupees in debt with the lender's long term domestic rating confirmed at 'AA(lka)' with a …