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.
Finance
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
Finance
Sri Lankan Banks and Bank of China Explore Offshore Banking Opportunities in Colombo Port City
Nine Sri Lankan banks, along with the Bank of China, have shown interest in establishing branches within the Colombo Port City, according to.
- August 22, 2024
Finance
CSE and South Eastern University Partner to Boost Financial Literacy Among Undergraduates
The Colombo Stock Exchange (CSE) and South Eastern University of Sri Lanka (SEUSL) have formalized a partnership through a Memorandum of Understanding (MoU).
- August 21, 2024
Finance
Hatton National Bank’s Rs. 12 Billion Debenture Issue Oversubscribed
Hatton National Bank PLC (HNB) has announced the successful oversubscription of its debenture issue aimed at raising Rs. 12 billion. The bank offered.
- August 21, 2024
Finance
BOC Recognized Among Top 1000 World Banks for 2024 by The Banker
Bank of Ceylon (BOC), Sri Lanka’s leading financial institution, has proudly announced its inclusion in The Banker magazine’s esteemed list of Top 1000.
- August 14, 2024
Finance
Dialog Axiata Reports Decline in Revenue and Profit for June Quarter
Dialog Axiata PLC’s performance for the quarter ending June 2024 was disappointing, with a decline in revenue and increased overhead costs impacting the.
- August 14, 2024
Finance
Sri Lanka’s Positive Growth Momentum Expected to Continue: CB Governor
Sri Lanka’s positive economic growth, seen in early 2024, is likely to continue, supported by low inflation and a stable exchange rate, according.
- August 14, 2024