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.
Finance
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
Finance
Amãna Bank Expands Self-Banking Services with New Centre in Kattankudy
Amãna Bank has inaugurated its latest self-banking centre at Kattankudy Beach Road, marking a significant expansion in its network. This new facility, located.
- August 8, 2024
Finance
Pan Asia Bank Unveils ‘SME Re-Energizer’ Loan to Support Business Growth
Pan Asia Bank has launched its new ‘SME Re-Energizer’ loan, a collaborative initiative with the Sri Lankan Government aimed at providing crucial financial.
- August 8, 2024
Finance
Seylan Bank Introduces Seylan Factoring to Boost Cash Flow for Businesses
Seylan Bank has launched Seylan Factoring, a new financial service designed to help businesses unlock funds by leveraging outstanding trade receivables. This service.
- August 7, 2024
Finance
ADB and Sri Lanka Secure $100 Million Loan for Power Sector Reforms
On Monday, the Asian Development Bank (ADB) and the Government of Sri Lanka signed a $100 million loan agreement for Subprogram 1 of.
- August 7, 2024
Finance
HNB Finance Launches Three New Gold Loan Units Across Sri Lanka
HNB Finance has expanded its services with the introduction of three new Gold Loan Units in response to increasing demand. The new units.
- August 5, 2024
Finance
Sri Lanka Keeps Fuel Prices Steady for Aug 2024
Sri Lanka’s retail fuel prices will remain unchanged for August 2024, according to the state-run Ceylon Petroleum Corporation (CPC). The CPC was expected.
- August 1, 2024