HNB Finance completes successful CSE listing
May 21, 2020 (LBO) - HNB Finance a financial services provider, announced that the company’s shares are now listed on the Colombo Stock Exchange under the …
Banking and Finance
Commercial Bank reduces lending rates of loans, leases, pawning & OD facilities
May 21, 2020 (LBO) – The Commercial Bank of Ceylon has announced a reduction of lending rates across the board in response to the present needs of individual …
Fitch affirms & withdraws National Savings Bank’s ratings
May 20, 2020 (LBO) – Fitch Ratings has affirmed and withdrawn Sri Lanka-based National Savings Bank's (NSB) Long-Term Issuer Default Rating (IDR) of 'B-' …
HNB operating profit down by 13.5-pct, PAT up due to tax concessions
May 18, 2020 (LBO) – The operating profit of Sri Lanka's Hatton National Bank (HNB) before VAT and taxes declined by 13.5% to Rs 4.2 Bn compared to Rs 4.9 Bn …
Sri Lanka official reserves at USD 7.9Bn at end Feb 2020
May 18, 2020 (LBO) - Sri Lanka's gross official reserves stood at 7.9 billion dollars at end February 2020, equivalent to 4.buy effexor online buy effexor …
We cannot allow irrational laws to impede our economy: President
May 15, 2020 (LBO) - President Gotabaya Rajapaksa said that irrational laws should not obstruct the policies formulated to achieve the economic objectives of …
Singer Finance Rs.1Bn debenture issue oversubscribed
May 15, 2020 (LBO) - Singer Finance (Lanka) PLC received a strong vote of confidence from investors with its recent Listed, Rated, unsecured, senior, …
President calls on banking sector to think out of the box to achieve economic revival
May 14, 2020 (LBO) – President Gotabaya Rajapaksa has requested the banking sector to deviate from conventional thinking and practice to support the …
Commercial Bank operating profit down by 4.6-pct, PAT up due to concessions
May 14, 2020 (LBO) – Operating profit before taxes on financial services of Sri Lanka’s Commercial Bank for the first quarter declined by 4.6%, interim …
Central Bank cuts minimum requirement of Liquidity Coverage Ratio to 90-pct
May 13, 2020 (LBO) – Sri Lanka's Central Bank has decided to reduce the minimum requirement of Liquidity Coverage Ratio and Net Stable Funding Ratio to 90 …
Central Bank places restrictions on discretionary payments of banks
May 13, 2020 (LBO) – Sri Lanka's Central Bank has issued directions to licensed banks restricting their discretionary payments with the aim of maintaining …
Sampath Bank operating profit down by 10.8-pct, PAT up due to concessions
May 13, 2020 (LBO) – Operating profit of Sri Lanka's Sampath Bank for the first quarter, which is the real return generated by utilizing the assets and …
Sri Lanka delisted by European Commission from list of high risk 3rd countries
May 12, 2020 (LBO) - The European Commission has de-listed Sri Lanka from its list of High Risk Third Countries with Anti- Money Laundering and Countering the …
RIU hosts webinar on current real estate market
May 11, 2020 (LBO) - Research Intelligence Unit (RIU) webinar discusses current real estate market, building resilience and exploring new
Impact of COVID-19 on Sri Lanka’s Banking and Financial sector: Advocata
May 11, 2020 (LBO) - The Advocata Institute hosted an online discussion on Zoom with Yvette Fernando (Assistant Governor, Central Bank of Sri Lanka), Manil …
Central Bank urges financial institutions to reduce lending rates without delay
May 06, 2020 (LBO) – Sri Lanka's Central Bank urges financial institutions to reduce lending rates without further delay. Failing which, the Central Bank …
Central Bank of Sri Lanka further reduces policy rates to support economic activity
May 06, 2020 (LBO) - The Monetary Board of the Central Bank of Sri Lanka, at a special meeting held on 06 May 2020, reviewed the current monetary policy stance …
Coronavirus pandemic pressures Sri Lankan banks’ ratings: Fitch
May 06, 2020 (LBO) - Fitch Ratings has downgraded in May 2020 three Sri Lankan banks' issuer default ratings after it downgraded Sri Lanka's sovereign rating …
Coping with COVID-19: Economics of social media based business in Sri Lanka during crises
Kithmina Hewage and Harini Weerasekera As of January 2018, there were six million active social media users in Sri Lanka, accounting for 30% of the population. …
Seylan Bank and staff lend helping hand to fight COVID-19
May 04, 2020 (LBO) - Sri Lanka's Seylan Bank PLC staff apart from delivering essential services, contributed a days salary and the bank contributed an equal …