Category: Banking and Finance
Opinion: CB defends liquidity injections amid “Money Printing” controversy
by Dhananath Fernando A fresh controversy has erupted following reports that Sri Lanka’s Central Bank (CBSL) injected nearly 100 billion rupees into the banking system by October 25. Given that money printing was the major cause of the country’s financial crisis, this news has sparked considerable attention. CBSL has defended its actions, arguing that these […]
Assetline Finance join hands with BlueOrchard in empowering women entrepreneurs
In a groundbreaking development, Assetline Finance Limited, the flagship company in the financial services cluster of the David Pieris Holdings (Private Limited), one of Sri Lanka’s top conglomerates has secured a senior loan from the Japan ASEAN Women Empowerment Fund (JAWEF) managed by BlueOrchard Finance Ltd, a leading global impact investment manager. This loan marks […]
Sampath Bank strengthens global ties with USD 750Mn investment in SBI syndicated loan
Sampath Bank PLC proudly announces its participation in a significant financial milestone, contributing to the $750 million senior unsecured syndicated term loan facility for the State Bank of India (SBI), facilitated by Mashreq, one of the leading financial institutions in the MENA region. This collaboration highlights Sampath Bank’s commitment to supporting strategic international financing initiatives. […]
Union Bank Partners with Micro Cars Limited to provide customers with convenient leasing facilities
Union Bank recently signed a MOU with Micro Cars Limited to provide customers with convenient leasing facilities, coupled with added benefits. The MOU was signed in the presence of Chaya Jayawardane, Senior Vice President of Retail Banking, Kasun Balasooriya, Head of Leasing, and Dilukshan Jayakody, Branch Manager Borella along with other representatives from Union Bank, […]
Sunshine Healthcare Lanka attracts USD 10Mn FDI from IFC
Sunshine Healthcare Lanka Limited (SHL), the healthcare arm of diversified conglomerate Sunshine Holdings PLC (CSE: SUN), announced the successful conclusion of the approximately LKR 3,270 million equity investment from the International Finance Corporation (IFC), a member of the World Bank Group. This landmark investment strengthens SHL’s vision to expand healthcare accessibility and bolster innovation across […]
Women’s Chamber of Industry and Commerce holds 39th AGM
The Women’s Chamber of Industry and Commerce (WCIC) held its Annual General Meeting (AGM), marking a pivotal moment in the organization’s 39-year journey. Established in 1985 as the world’s first chamber dedicated to empowering women, WCIC remains committed to fostering female entrepreneurship, leadership, and professional development across Sri Lanka. This year’s AGM, led by Chairperson […]
Sri Lanka Banks Association congratulates new President, assures support for nation building
The Sri Lanka Banks’ Association (SLBA) has congratulated President Anura Kumara Dissanayake on his election to the Presidency and assured him of the fullest support of the banking sector for the challenging journey ahead. In a congratulatory note, the Association, which represents all licenced banks in Sri Lanka, said: “The essential political and social stability […]
Siyapatha Finance Posts Steady Growth in 1st half 2024
Siyapatha Finance PLC recently posted a steady financial growth for the first half ended 30 June 2024. The company recorded a Profit After Tax (PAT) of Rs.513 Million indicating a 189% increase compared to the corresponding period last year, while the Profit Before Tax (PBT) grew by 133% compared to the preceding year and stood […]
CBL Global Foods and USAID join forces to transform Sri Lanka’s coconut industry
CBL Global Foods Limited (CBL GFL), a key player in Sri Lanka’s agribusiness sector and a subsidiary of the CBL Group – one of the largest food conglomerates, has partnered with the United States Agency for International Development (USAID) to enhance the coconut industry through an initiative aimed at boosting productivity and market access for […]
ComBank becomes first bank in Sri Lanka to receive Corporate Finance Advisor licence from SEC
Commercial Bank of Ceylon PLC has become the first Sri Lankan bank to receive a licence from the Securities and Exchange Commission of Sri Lanka (SEC) to operate as a Corporate Finance Advisor [CFA]. The receipt of the CFA licence enables Commercial Bank to provide the advisory services listed under Section 188 of the SEC […]
Ceylinco Life to invest Rs 2 billion as Anchor Investor in DFCC Bank Green Bond
Ceylinco Life has announced it will break new ground by investing Rs 2 billion in Sri Lanka’s first Green Bond, serving as its anchor investor in an emphatic demonstration of the company’s commitment to sustainability. Issued by DFCC Bank and opening for subscription on Thursday 12th September, the Green Bond is expected to raise up […]
Union Bank Launches 24 Hours Rapid Vehicle Leasing
Union Bank recently relaunched its leasing facilities with competitively low monthly rentals and 24 hours approval providing customers the flexibility for vehicle financing requirements, by offering customised leasing solutions. The monthly leasing rental offered by Union Bank currently is one of the best in the market, and is as low as just Rs 1, 689 […]