Category: Industry

Mar 28, 2012 (LBO) – International Finance Corporation, an arm of the World Bank said it is training Sri Lankan bankers in trade finance to help provide better services to customers to interact with the global markets. During the training program, participants were taught how to structure basic and complex trade finance transactions, improving risk […]

Mar 23, 2012 (LBO) – RAM Ratings Lanka has confirmed Bartleet Finance Limited’s long- and short-term financial institution ratings at BBB- and P3 but revised the outlook to negative from stable, a statement said. At the same time, the long-term issue rating of BFL’s 204 million rupee unsubordinated unsecured redeemable debenture has also been confirmed […]

Mar 23, 2012 (LBO) – Fitch Ratings Lanka has given People’s Leasing Company’s proposed commercial paper issue of up to a billion rupees an ‘F1(lka)’ National Short-term rating. PLC itself is rated ‘A+(lka)’ with a stable outlook, a statement said. “The proposed issuance will be utilised to finance PLC’s working capital / lending.” Of the […]

Mar 22, 2012 (LBO) – Sri Lanka’s licensed finance companies have revived but asset quality is expected to be pressured with rising interest rates and inflationary pressures, RAM Ratings said in a report on the sector. But in future, RAM Ratings said the industry’s asset quality is expected to be pressured, testing the strength of […]

Mar 22, 2012 (LBO) – Central bank ‘moralsuasion’ on commercial banks in Sri Lanka may have to be strengthened if current credit demand prevails, Treasury secretary P B Jayasundera said. He said the monetary authorities will wait and watch how the economy responds to recent interest rate hikes and curbs on lending. The economy is […]