Category: Industry

LOLC Finance Co. Ltd has got statutory and government approval and is expected to commence business shortly, the company said in a statement today. With assets at Rs. 5.8 bn as at Dec 2000, LOLC is the largest specialised leasing company in the country. Last March, Fitch Ratings Lanka has assigned a SL F-1 rating […]

The latest trade union action raised serious concerns among banking sector analysts quote who were critical about the lack pf professional independence for top management at state banks. Prime Minister Ranil Wickramasinghe and Secretary Treasury Charitha Ratwatte are expected to meet JSS officials today to diffuse the situation. rnrnJSS officials were not available for comment […]