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.
Finance
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
Finance
Fitch Upgrades Habib Bank Sri Lanka to ‘AA-(lka)’ with Stable Outlook
Fitch Ratings has upgraded the national long-term rating of Habib Bank Limited – Sri Lanka Branch (HBLSL) to ‘AA-(lka)’, up from ‘A(lka)’. The.
- August 13, 2024
Finance
DFCC Bank Sells Sovereign Bonds, Records Provision Reversal
DFCC Bank has reported a partial sale of its Sri Lankan sovereign bond holdings, resulting in a loss of 2.17 billion rupees. This.
- August 12, 2024
Finance
HNB to Raise Up to Rs12 Bn Through Debenture Issue
Hatton National Bank Plc (HNB) is set to raise up to Rs12 billion through a new debenture issue, the bank announced. The debentures,.
- August 12, 2024
Finance
Sampath Bank Reports 45% Increase in PAT for 1H 2024
Sampath Bank announced a significant financial performance for the first half of 2024, with a 45% increase in profit after tax (PAT) to.
- August 9, 2024