Financial Intelligence Unit enters into MoU with Insurance Regulatory Commission
Aug 28, 2018 (LBO) - In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri …
Banking and Finance
Sri Lanka official reserves at USD9.3Bn : Rupee depreciated by 5.0-pct by Aug 2018
Aug 28, 2018 (LBO) - The Central Bank of Sri Lanka said reflecting developments in the domestic and global foreign exchange markets, the Sri Lankan rupee …
Orient Finance (BFN) reports a loss of Rs21mn for the quarter, deposits at Rs11.6bn
August 16, 2018 (LBO) - Colombo Stock Exchange listed Orient Finance (BFN) reported a loss of Rs21mn for the quarter ended June 2018. buy nolvadex online …
Alliance Finance (ALLI) makes a profit of Rs138mn for the June quarter, deposits at Rs12.9bn
August 16, 2018 (LBO) - Colombo Stock Exchange listed Alliance Finance (ALLI) reported a profit of Rs138mn for the quarter ended June 2018. The balance sheet …
Swarnamahal Financial Services (SFS) loses Rs40mn in June quarter, Deposits at Rs3bn
August 16, 2018 (LBO) - Colombo Stock Exchange listed Swarnamahal Financial Services (SFS) reported a loss of Rs40mn for the quarter ended June 2018. The …
The Finance Company (TFC) lost Rs740mn in the June quarter, deposits at Rs30bn
August 16, 2018 (LBO) - Central Bank of Sri Lanka (CBSL) registered finance company The Finance Company (TFC) reported a staggering loss for the quarter ended …
Sri Lanka’s HNB Group records PBT of Rs.14.1 Bn in 1H 2018
Aug 16, 2018 (LBO) - HNB Group recorded Rs 14.1 Bn in Profit Before Taxes (PBT) for the first six months of 2018, representing a 30.7% Year-on-Year (YoY) …
Commercial Bank continues growth in Q2 to post strong 6-month result
Aug 16, 2018 (LBO) - Commercial Bank of Ceylon PLC has continued its growth momentum into the second quarter of 2018, despite having to pay in excess of Rs 7 …
CB extends suspension of Pan Asia Bank primary dealer activities by 6 months
Aug 15, 2018 (LBO) – Monetary Board has decided to extend the suspension of business and activities of a Primary Dealer of Pan Asia Banking Corporation for a …
CSE listed CDB reports profit of Rs339mn; Deposits grow to Rs47bn
August 13, 2018 (LBO) - Colombo Stock Exchange listed Citizens Development Business Finance (CDB) reported robust profits for the June 2018 quarter. online …
Abans Finance (AFSL) reports modest profit, deposits at 6.5bn, balance sheet shrinks sequentially
August 13, 2018 (LBO) - Colombo Stock Exchange listed Abans Finance PLC (AFSL) released quarterly results for the period ended June 2018. online pharmacy buy …
Pan Asia Bank PAT tops Rs.800Mn in 1H 2018
Aug 10, 2018 (LBO) - Pan Asia Banking Corporation PLC reported its best ever profit recorded in a first half in 2018 anchored by solid growth in new loans, …
Sr Lanka’s Nations Trust Bank Records PAT of Rs1,875Mn
Aug 07, 2018 (LBO) - The Nations Trust Bank closed the six months period ending June 30, 2018 with a post-tax profit of 1,875 million rupees and a pre-tax …
Sampath Group pre-tax profit exceeds Rs10Bn for first half of 2018
(PRESS RELEASE) - Sampath Bank’s Group pretax profit for the first half of the year exceeded Rs 10.3 Bn (28.2% growth) while Sampath Bank recorded a pre-tax …
LOLC Finance, Mobitel to offer Digital Loans to customers via mCash
Reinforcing its market leadership and strengthening its partner base, Mobitel has joined hands with LOLC Finance PLC to offer Digital Loans for the first time …
Sri Lanka keeps rates unchanged
Aug 03, 2018 (LBO) - Sri Lanka has decided to keep policy rates unchanged with the aim of stabilising inflation at mid-single digit levels in the medium term, …
Finance Min calls for new regulatory body for Microfinance industry
Aug 03, 2018 (LBO) - Sri Lanka's Finance Minister said that he is proposing the establishment of a new microfinance regulatory authority together with …
Sri Lanka inflation up 5.4-pct in July
Aug 01, 2018 (LBO) - The year on year inflation as measured by CCPI is 5.4 percent in July 2018 while inflation calculated for June was 4.4 percent, data …
Impairment provisions affect Sri Lanka’s DFCC Bank bottom line
July 30, 2018 (LBO) – Sri Lanka's DFCC Bank, the banking arm of the DFCC Group reported a drop in profit for the second quarter amidst a challenging business …
Moody’s affirms ratings of BOC, HNB & Sampath; maintains negative outlook
July 26, 2018 (LBO) – Moody's Investors Service has affirmed the local currency deposit ratings of Bank of Ceylon (BOC), Hatton National Bank Ltd. (HNB) and …