Credit Trend
July 29, 2013 (LBO) - Sri Lanka's loans to private business picked up in May as credit to both state enterprises and the central government from banks dropped …
Banking and Finance
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Refinance
July 27, 2013 (LBO) - Sri Lanka's Nations Trust Bank has signed up a 15 million dollar credit to lend to small and medium enterprises, especially those in …
Growth Strategy
July 26, 2013 (LBO) - Standard Chartered Bank views Sri Lanka positively and is looking to grow its business with a strategic decision to expand in the island, …
Punishment Cap
July 26, 2013 (LBO) - Sri Lanka's central bank has capped the penalty interests on defaulted loans of banks to two percent a year and those from leasing and …
Syndication
July 25, 2013 (LBO) - Sri Lanka's state-run Bank of Ceylon will use a 200 million dollar syndicated loan to expand corporate lending, acting chairman Raju …
Growth Market
July 25, 2013 (LBO) - Emirates NBD Capital which syndicated a 200 million dollar loan for Sri Lanka's state-run Bank of Ceylon is looking to provide more local …
Borrowing Threat
July 24, 2013 (LBO) Sri Lanka's state owned enterprises are a threat to the country's banks and authorities should device system to monitor credit and prevent …
Sovereign Quality
July 23, 2013 (LBO) - Sri Lanka's state-run National Savings Bank has been rated 'B+', the same as the sovereign rating by Standard & Poor's Ratings Services …
Savings Rating
July 19, 2013 (LBO) - Sri Lanka's state-run National Savings Bank has been given a 'BB-' international rating by Fitch, ahead of a planned bond sale. online …
Ranking
July 18, 2013 (LBO) - Sri Lanka's state-run Bank of Ceylon said it had been ranked as one of the 1,000 top banks in the world by UK-based The Banker Magazine, …
Micro Oversight
July 18, 2013 (LBO) - Sri Lanka will begin regulating micro financing institutions with large entities coming directly under the central bank information …
Consolidation
July 14, 2013 (LBO) - Sri Lanka is looking to be flexible on banks share ownership limits to make it easier to merge and allow sector consolidation, a top …
Cash Levels
July 02, 2013 (LBO) - Sri Lanka's money markets were flooded with 35 billion rupees in excess cash after a cut in the statutory reserve ratio despite …
Credit Rating
July 02, 2013 (LBO) - Fitch Ratings said it had given Sri Lanka's National Development Bank a 'B+' international rating with a stable outlook. The SR and SRF …
Settlement
July 1, 2013 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation had settled a claim over an oil derivative for 60 million US dollars, a media report …
White Knight
July 01, 2013 (LBO) - Sri Lanka's Central Bank said People's Leasing and Finance Plc, the island's largest non-bank lender has been appointed managing agent …
Steady Rating
June 28, 2013 (LBO) - Sri Lanka's People's Bank's exposures to the state and state enterprises has gone up in 2012, and the lender plans to cut exposure to …
New Rules
BRUSSELS, June 27, 2013 (AFP) - European finance ministers on Thursday agreed a draft deal on new rules for bank rescues that will only allow bailouts by …
Foreign Credit
June 27, 2013 (LBO) - Sri Lanka's Hatton National Bank said it had inked a deal to raise 49 million US dollars from China Development Bank. Acting chief …
Expansion Idea
June 27, 2013 (LBO) - Sri Lanka's People's Leasing and Finance Plc, the island's largest non-bank lender is studying investments in fast growing economies in …