Asset Quality
Feb 14, 2012 (LBO) - Fitch Ratings Lanka has confirmed Pan Asia Banking Corporation's (PABC) proposed subordinated debentures of up to 2.0 billion rupees at …
Banking and Finance
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Rating Cut
Feb 11, 2012 (LBO) - Sri Lanka's Mercantile Investments Plc, has been downgraded to 'BBB+' from 'A' and its short term rating from P1 to P2 by Ram Ratings …
Northern Finance
Feb 11, 2012 (LBO) - The Finance, Sri Lanka's pioneer finance company has returned to pre-war premises in the island's northern Jaffna city, where the economy …
Merger Intention
Feb 01, 2012 (LBO) - Fitch Ratings Lanka has maintained Merchant Credit of Sri Lanka's (MCSL) 'BBB(lka)' national long-term rating on rating watch evolving …
Lease Business
Jan 30, 2012 (LBO) - Sri Lanka's Citizens Development Business Finance Plc, a registered leasing firm, said profits fell 25 percent in the December 2011 …
Side Effects
Jan 28, 2012 (LBO) - Liquid assets in Sri Lankan banks are falling and loan to deposit ratios are deteriorating, with some banks reaching 100 percent, Fitch …
Bank Outlook
Jan 27, 2012 (LBO) - Sri Lanka commercial bank loans may grow 25 percent in 2012 with more lending to small enterprises and retail customers as banks searched …
Travel Card
Jan 26, 2012 (LBO) - Sri Lanka's HSBC has launched a credit card for frequent international travellers which can be used to buy discounted air tickets, hotel …
Asset Quality
Jan 25, 2012 (LBO) - RAM Ratings Lanka has upgraded the long- and short-term financial institution ratings of Citizens Development Business Finance (CDB) to …
Asset Base
Jan 25, 2012 (LBO) - Fitch Ratings has confirmed Sri Lanka's Vallibel Finance's (VFL) national long-term rating at 'BB-(lka)' with a stable outlook. online …
Fancy Finance
Jan 23, 2012 (LBO0 - Sri Lanka's Senkadagala Finance said net profit rose 106 percent to 146 million rupees in the December 2011 quarter from a year ago. Total …
Merger Watch
Jan 20, 2012 (LBO) - Fitch Ratings Lanka said it has maintained Ceylease Financial Services' 'BB+(lka)' National Long-Term rating on Rating Watch Evolving …
Phishing Attacks
Jan 20, 2012 (LBO) - Sri Lanka's cyber security agency has warned bank customers using internet banking services to beware of fake sites that have stolen …
Leasing Trend
Jan 18, 2012 (LBO) - People's Leasing Co. online pharmacy buy diflucan with best prices today in the USA , Sri Lanka's largest leasing company, said net profit …
Credit Trend
Jan 17, 2012 (LBO) - Sri Lanka's credit to business from commercial banks rose to a new historic high of 63. online pharmacy buy diflucan with best prices …
Credit
Jan 09, 2012 (LBO) - Sri Lanka's credit information office is planning to acquire software by US-based Dun & Bradstreet costing 150 million rupees as it …
Parental Support
Jan 06, 2012 (LBO) - Fitch Ratings Lanka has upgraded People's Leasing Company's (PLC) National Long-Term rating to 'A+(lka)' from 'A(lka)' and People's …
Bond Sale
Jan 04, 2012 (LBO) - Sri Lanka's state-run Bank of Ceylon, the island's largest lender is looking to sell a 500 million dollar bond in the first half of this …
Milestone Machine
Jan 02, 2012 (LBO) - Sri Lanka's Commercial Bank has connected its 500th automated teller machine as it rapidly expands its network, adding 100 terminals in …
Director Stakes
Dec 30, 3011 (LBO) - Dinesh Weerakkody, has been appointed chairman of Commercial Bank of Ceylon after Mahendra Amarasuriya its highly respected long time …