CB restricts deposit withdrawals of ETI Finance, Swarnamahal Financial Services
Jan 02, 2018 (LBO) – Sri Lanka’s Central Bank has restricted the withdrawal of maturing deposits and renewal of such deposits of ETI Finance and …
Banking and Finance
Sri Lanka Cargills bank appoints Theagarajah as new MD, CEO
Jan 02, 2018 (LBO) – The Cargills Bank has appointed Rajendra Theagarajah as its Managing Director and Chief Executive Officer effective from January 1. …
Sri Lanka President to make official statement on 2015 bond scam tomorrow
Jan 02, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena will make a statement on recommendations regarding the final report of the …
Sri Lanka extends deadline for exchange of mutilated currency notes
Jan 01, 2018 (LBO) – Sri Lanka’s Central Bank said it had decided to extend the time period for the exchange of currency notes at Licensed …
Fitch affirms 9 Sri Lankan banks: Revises DFCC outlook to Stable
Dec 22, 2017 (LBO) – Fitch Ratings has revised the Outlook on DFCC Bank Plc (DFCC) to Stable from Negative. It has also affirmed the Long-Term Issuer …
Moody’s says Sri Lanka needs to further push fiscal reforms for better credit profile
Dec 19, 2017 (LBO) – Moody’s, an Investors Service says high general government debt levels in Sri Lanka, rated B1 negative, very low debt …
Financial Intelligence Unit enters into MOU with Sri Lanka Police
In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a …
ADB gives USD270Mn for road and water projects in Jaffna
Dec 15, 2017 (LBO) – The Asian Development Bank (ADB) will give US 270 million dollars in financial assistance from for the implementation of the …
Sri Lanka’s Central Bank hosts 10th International Research Conference
Dec 13, 2017 (LBO) – The 10th International Research Conference of the Central Bank of Sri Lanka was held on December 8 at the Bank’s John Exter …
CSE approves Sampath Bank’s Rs6bn Basel III compliant debt issue
Dec 11, 2017 (LBO) – Colombo Stock Exchange has approved in principle an application for listing the Basel III compliant debt securities of Sampath Bank. …
Seylan Bank conducts Internet Banking Draw
In order to promote the use of Internet Banking at all islandwide branches, Seylan bank organized a special draw ‘Prizes and surprises with Seylan Internet …
Any revival plan for CIFL needs at least Rs3bn investment: CB
Dec 05, 2017 (LBO) – Sri Lanka’s Central Bank on Tuesday said that any revival plan for troubled Central Investments and Finance (CIFL) needs at least 3 …
People’s Leasing completes acquiring 51-pct of Bangladeshi finance firm
Dec 05, 2017 (LBO) – People’s Leasing & Finance has completed the acquisition of 51 percent stake of the Bangladeshi finance firm, Alliance Leasing and …
Sri Lanka’s LB Finance debenture issue oversubscribed
Dec 05, 2017 (LBO) – Sri Lanka’s LB Finance 3 billion rupee debenture issue was oversubscribed, Monday. The subscription list of the issue was …
Sri Lanka to host South Asia Forum on infrastructure regulation
Nov 24, 2017 (LBO) – Sri Lanka to host the 14th Executive Committee meeting of the South Asia Forum of Infrastructure Regulation (SAFIR) in Weligama, Sri …
CB issues notice of licence cancellation to Central Investments & Finance
Nov 23, 2017 (LBO) – Monetary Board of the Central Bank has decided to issue a notice of cancellation of licence granted to Central Investments and Finance. …
Sri Lanka Court awards Rs. 800, 000 compensation to British tourist
Nov 15, 2017 (LBO) – Sri Lanka’s Supreme Court today granted compensation and cost amounting to 800, 000 rupees to a British tourist, on the basis …
HNB pre-tax profit up by 4-pct to Rs. 16.8Bn upto Sept
(PRESS RELEASE) – Hatton National Bank Plc (HNB) continued its growth momentum to post a Group Profit before VAT and NBT of Rs. 20.7 billion while PBT to …
Sri Lanka to give Rs.15Bn as concessionary loans to target sectors: Finance minister
Nov 15, 2017 (LBO) – The Ministry of Finance says that it will create a credit scheme with the allocation of 15 billion rupees in target sectors for low …
Sri Lanka Budget Keeps to IMF Plan But Fiscals Still Weak: Fitch
Nov 14, 2017 (LBO) – Fitch Ratings says Sri Lanka’s budget for 2018 sticks broadly to the targets for fiscal deficit reduction under its three-year …