FC Forecasts Lending Rates to Stay Between 9-11% for Remainder of 2024
First Capital (FC) anticipates that bank lending rates will remain within the 9-11% range for the rest of 2024 and rise slightly to.
Finance
Finance
Central Bank Governor Briefs Parliament on Economic Stabilisation Efforts
In a special session held on Tuesday, Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka (CBSL), provided a comprehensive briefing.
- September 5, 2024
Finance
Multi Finance Delists Following Merger with L B Finance
Multi Finance PLC has been officially delisted from the Colombo Stock Exchange (CSE) as of September 4, 2024, following its merger with L.
- September 5, 2024
Finance
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.
- September 2, 2024
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