Banking and Finance

Licensed

May 13, 2013 (LBO) - Indra Finance Ltd, a unit of Kandy based Indra Traders, a motor trading group has been registered as a finance company, Sri Lanka's …

Slow Quarter

May 13, 2013 (LBO) - Sri Lanka's Hatton National Bank group profits were flat at 1. online pharmacy buy abilify with best prices today in the USA buy rybelsus …

Rising Sun

May 10, 2013 (LBO) - Sri Lanka's Pan Asia Bank said it was in a strong position to boost investments from Japan with Tokyo-based Bansei Securities, also …

Publication

May 09, 2013 (LBO) - A book on interest rates written by assistant governor W M Hemachandra has been published to improve economic knowledge, Sri Lanka's …

New Chief

May 07, 2013 (LBO) - HSBC Sri Lanka said Patrick Gallagher has taken over as chief executive of HSBC Sri Lanka and Maldives. He succeeds Nick A Nicolaou, who …

Banking

May 03, 2013 (LBO) - Sri Lanka's Seylan Bank group said net profits for the March 2013 quarter rose 26 percent from year earlier, by both fund and fee based …

Finalized

Apr 25, 2013 (LBO) - A one billion rupee unsecured listed debenture issue to be sold by Sri Lanka's Senkadagala Finance had been given a final investment grade …

Credit Trend

Apr 22, 2012 (LBO) - State borrowings from Sri Lanka's commercial banks including dollar credits reached 57.9 billion rupees in February 2013, but there was no …

The End

Apr 22, 2013 (LBO) - Fitch Ratings said it had upgraded to 'AA-(lka)' from 'A(lk)' a rating on People's Finance Plc, which has merged with its higher rated …

Bank Brand

Apr 22, 2013 (LBO) - State-run Bank of Ceylon said it had been named the top brand overall and the first banking brand in a survey by Brand Finance, a UK based …

Seigniorage

Apr 20, 2013 (LBO) - Sri Lanka's central bank made 66 billion rupees in profits in 2012, up 41 percent from a year earlier, helped by gold trading and …

Auto Cash

Apr 18, 2013 (LBO) - Commercial Bank of Ceylon, Sri Lanka's largest private lender by assets said its 562 automated teller machine network had dispensed 1.79 …

Debenture

Apr 18, 2013 (LBO) - Sri Lanka's Senkadagala Finance Plc (SFC) will sell one billion rupees of 3 and 4-year debt which have been given an expected 'BBB+(lka)' …

Rate Track

Apr 09, 2013 (LBO) - Sri Lanka's interest rates will start to ease from May and June 2013 ongoing reforms as state energy enterprises take effect, Treasury …

Holding

Apr 09, 2013 (LBO) - Sri Lanka's banks have experienced a moderate weakening in asset quality and capital ratios as the country recovers from a credit bubble, …

Shuffle

Apr 08, 2013 (LBO) - NDB chief executive Russell de Mel will retire on Augus 23, 2013 to be replaced by Rajendra Theagarajah, a stock exchange filing said. …

Clawback

Apr 07, 2013 (LBO) - A high powered task force will be appointed following a court order to identify assets of directors of Golden Key Credit Card Company, an …

Withdrawn

Apr 04, 2013 (LBO) - Fitch Ratings has confirmed and withdrawn a 'BB-(lka)' rating of Sri Lanka's Vallibel Finance Plc. online pharmacy buy ciprodex with best …

Changeover

Apr 03, 2013 (LBO) - Rajendra Theagarajah, managing director and chief executive officer of Hatton National Bank will retire from June 20, to be replaced by …

Foreign Cash

April 01, 2013 (LBO) - Sri Lanka's DFCC Bank has raised 45 million US dollars in a loan syndicated among Middle Eastern and Asian banks, lead arranger HSBC …