NDB to Raise Up to Rs 10 Billion Through Debenture Issue in Sri Lanka
Sri Lanka’s National Development Bank Plc (NDB) has announced plans to raise up to 10 billion rupees through a debenture issue. The bank.
Finance
Finance
Sri Lankan Rupee Recognised as Top Emerging Market Currency in 2024
The Sri Lankan rupee has been recognised as the best performing emerging market currency as of August 2024, showing an impressive spot return.
- September 2, 2024
Finance
HSBC Sri Lanka Named Best Consumer Digital Bank for Fourth Consecutive Year by Global Finance
HSBC Sri Lanka has been named Best Consumer Digital Bank in the country for the fourth consecutive year by Global Finance in the.
- August 30, 2024
Finance
Asia Asset Finance Posts Rs. 115.7 Mn Earnings in Q1 2024, Achieving 109.75% Growth
Asia Asset Finance PLC (AAF), a leading financial institution and subsidiary of global giant Muthoot, posted outstanding financial results for the first quarter.
- August 30, 2024
Finance
Sri Lanka Anticipates Rating Upgrade Following Debt Restructuring: Fitch Ratings
Sri Lanka’s banking sector outlook has stabilized, with the Central Bank’s decision to prevent dividend repatriation playing a key role in the sector’s.
- August 29, 2024
Finance
HNB Begins Discussions to Acquire Bank Al-Falah’s Bangladesh Operations
Hatton National Bank (HNB) has received approval from its Board of Directors to initiate discussions regarding the acquisition of Bank Al-Falah’s Bangladesh operations..
- August 28, 2024
Finance
NSB Reports Rs. 15 Billion PBT for 1H 2024, Surpassing Previous Year’s PAT
The National Savings Bank (NSB) has reported an impressive profit-before-tax (PBT) of Rs. 15 billion for the first half of 2024, surpassing the.
- August 28, 2024
Finance
Sri Lanka’s Loan Demand Rises in Q2 2024 Amid Lower Interest Rates and Exchange Rate Stability
Sri Lanka experienced a significant increase in loan demand across the retail, corporate, and small and medium enterprise (SME) sectors during the second.
- August 26, 2024
Finance
Seylan Bank Introduces New Factoring Services to Boost Business Cash Flow
Seylan Bank has unveiled a new addition to its financial services suite with the launch of Seylan Factoring, designed to help businesses access.
- August 23, 2024
Finance
Ceylon Electricity Board Reports Rs.34.35 Billion Profit for 2Q24 Amidst Tariff Reductions
Ceylon Electricity Board Reports Rs.34.35 Billion Profit for 2Q24 Amidst Tariff Reductions The state-run Ceylon Electricity Board (CEB) announced a significant profit of.
- August 22, 2024