Ticking Away
August 21, 2006 (LBO) -- Depositors who have money and other assets in Sri Lanka's bank have till the end of the month to reactivate their accounts, and …
August 21, 2006 (LBO) -- Depositors who have money and other assets in Sri Lanka's bank have till the end of the month to reactivate their accounts, and …
August 17 (LBO) - Fitch Ratings has given the flagship finance company of Sri Lanka’s Ceylinco Group, a BBB (lka) rating with a stable outlook, the …
Sri Lanka’s banks are asking authorities to revive stalled plans to strengthen the Credit Information Bureau (CRIB), while the sector is also facing the …
The Sri Lanka government agency that overseas state-owned enterprises is drawing up plans to merge a state-owned Sri Lankan housing bank with a savings bank …
Aug10 (LBO) – Associated Motorways Limited (AMW) posted an 18 percent jump in net profits to 143.8 million rupees in the first quarter 2007, led by …
August 7, 2006 (LBO) – Sri Lanka has picked up 12 million rupees to date from taxing foreign movies, dramas and sitcoms aired on local television …
August 3, 2006 (LBO) -- Sri Lanka's Bank of Ceylon, a state-owned bank which is heavily involved in financing the government, is targeting corporate clients …
August 2, 2006 (LBO) – Sri Lanka's Central Bank Wednesday said balances of dormant accounts taken over by can be claimed back by their rightful owners. …
July 26, 2006 (LBO) – Hatton National Bank, the island's second biggest privately owned lender by assets, Wednesday posted a net profit of 506.46 million …
July 24 (LBO) – Lanka Ratings Agency (LRA) has given a BBB3 rating to the deposit-taking finance company LB Finance. LRA said it had a favourable view of …
COLOMBO, July 12, 2006 (AFP) - Sri Lanka announced Wednesday it would seize an estimated 30 million dollars in dormant bank accounts as part of a drive to …
July 7, 2006 (LBO) – A parliamentary body which oversees public finances, plans to bring a law to beef up the office of Sri Lanka’s Auditor …
July 6, 2006 (LBO) - A top Sri Lankan housing bank has asked the government to exempt housing mortgage lenders from upcoming law aimed at helping smaller …
July 3, 2006 (LBO) – Sri Lanka's Credit Information Bureau or CRIB has warned all banks to come clean and name large scale defaulters or risk paying a …
July 2, 2006 (LBO) - Sri Lanka has several unused credit lines awaiting disbursement, while small and medium industrialists complain that they cannot get …
July 2, 2006 (LBO) - A senior central banker has strongly criticized the practice of banks of not reporting influential defaulting clients to the Credit …
June 29, 2006 (LBO) - Small Sri Lankan banks are facing the threat of weaker credit ratings, following a government move to lift a law that allows banks to …
June 28, 2006 (LBO) - A collective agreement covering the salaries and benefits of the state bank employees is due to be signed Thursday, Sri Lanka's largest …
June 27, 2006 (LBO) – Sri Lanka's President Mahinda Rajapakse Tuesday launched a new state-own development bank aimed at assisting small and medium scale …
June 23, 2006 (LBO) - Sri Lanka's housing authority is to set up a low income housing fund to help re-locate people in Colombo's under-served areas, run-down …