Category: Banking and Finance
Nation Lanka Finance appoints Suresh Amerasekera as CEO
Jun 23, 2020 (LBO) – Nation Lanka Finance (NLF) announced the appointment of Suresh M. Amerasekera as their new CEO with effect from 9 June 2020.He was functioning as the COO of NLF, from September 2, 2019. Suresh is a Senior Banker, with over 35 years of experience in the Finance Industry.He last held the […]
HNB records sharp spike in cardless transactions during COVID lockdown
Jun 23, 2020 (LBO) – Leading private sector bank HNB PLC, reported a 70 percent increase in the use of its cardless cash withdrawal facility, Cash to Mobile during the peak of the COVID-19 pandemic. Through the period of January to May 2020, the bank witnessed an average (month-to-month) increase of 60 percent on Cash […]
Ranjith Kodituwakku appointed People’s Bank CEO
Jun 22, 2020 (LBO) – Ranjith Kodituwakku has been appointed as the Chief Executive Officer/ General Manager of People’s Bank with effect from June 19, 2020. He had previously served as the Deputy General Manager (Commercial Banking and Digitalization). The appointment as CEO/GM follows the retirement of M.A. Boniface Silva – Acting CEO/GM. Ranjith Kodituwakku […]
‘s Bank introduces multiple loan schemes in line with government direction
Jun 22, 2020 (LBO) – The Chairman and Board of Directors together with the management of the People’s Bank in accordance with the direction of the Government, has introduced a number of new loan schemes along with special concessionary interest rates for sectors with most of the loan schemes offering single-digit interest rates. According to […]
Only the rate cut of CB not enough: Cabraal
Jun 19, 2020 (LBO) – Sri Lanka needs to think out of the box and have a different approach to the present local and world economic crisis stemming from COVID -19, a senior official said. “We need to look at more out of the box thinking. If you want to stimulate the economy you should […]
“Exporters optimistic about new market opportunities” new USAID survey
Jun 19, 2020 (LBO) – “Sri Lankan exporters are cautiously optimistic about business continuity amidst a global pandemic,” reveals the findings of a new business survey conducted by the Ceylon Chamber of Commerce (CCC) and the United States Agency for International Development (USAID). A significant number of the firms surveyed had identified new business opportunities […]
Developing Asia to grow just 0.1-pct in 2020:ADB
Jun 19, 2020 (LBO) – Developing Asia will barely grow in 2020 as containment measures to address the coronavirus disease (COVID-19) pandemic hamper economic activity and weaken external demand, according to a new set of forecasts from the Asian Development Bank (ADB). In a regular supplement to its annual flagship economic publication, the Asian Development Outlook (ADO) 2020 released in […]
” launches Equity Fund & Money Market Fund
Jun 17, 2020 (LBO) – Softlogic Invest, the Asset Management arm of Softlogic Capital, recently launched two unit trusts or mutual funds – Softlogic Equity Fund and Softlogic Money Market Fund after obtaining the license from the Securities Exchange Commission of Sri Lanka (SEC). Capitalizing on the existing expertise coming in via the Softlogic financial […]
State Banks must play their bounden role in economic revival: President
Jun 16, 2020 (LBO) – The State Banks should make their bounden contribution to rebuild the economy which is in a perilous state due to COVID – 19 pandemic. It is the responsibility of State Banks to put in place the mechanism to implement the policies of a government. Taking forward the strategy of maintaining […]
Housing for middle and low income families a priority: President
Jun 12, 2020 (LBO) – President Gotabaya Rajapaksa instructed the officials of the State Development and Construction Corporation to pay attention to the construction of housing schemes for middle and low income families. President gave this directive at a meeting to review the progress of the State Development and Construction Corporation held at the Presidential […]
Nations Trust Bank offers easy access to your statements
Jun 10, 2020 (LBO) – Nations Trust Bank achieved another “first” in the industry by introducing “Nations Online Statement Platform”. Customers of Nations Trust Bank can now log in from anywhere at their convenience, using their registered mobile number and access their bank statements and transaction histories. Nations Direct, the suite of digital banking services […]
Roadmap to post-COVID-19 economic recovery
Jun 08, 2020 (LBO) – What is Sri Lanka’s strategy to help the country’s economy recover? What should our policy priorities be, both medium and long term, to enable a post-pandemic rebound? Join The Chamber Academy’s discussion on the Roadmap to Post-COVID-19 Economic Recovery, and engage with economic experts on 12 Friday, from 11-12:30pm. The […]