Sampath Bank has announced robust financial results for the first quarter of 2024, posting a profit before tax (PBT) of Rs 6.2 billion and a profit after tax (PAT) of Rs 3.4 billion. Despite an exchange loss of Rs 4.3 billion due to the appreciation of the LKR against the USD, the bank achieved significant
The Colombo Stock Exchange (CSE) and the United States Agency for International Development (USAID) recently collaborated on an informative forum aimed at assisting small and medium-sized enterprises (SMEs) in southern Sri Lanka. Held at the Weligama Bay Marriott Resort & Spa, the event titled “Redefining the Trajectory of Your Business” provided valuable insights into capital-raising
Sampath Bank has made waves in Sri Lanka’s banking industry with the launch of its cutting-edge mobile application, Sampath Vishwa Retail. This innovative step represents a significant advancement in internet banking, offering customers unprecedented convenience and accessibility. With a user base exceeding one million, which accounts for approximately 25% of the bank’s clientele, Sampath Vishwa
The Central Bank of Sri Lanka is seeking public feedback on proposed amendments to the Finance Leasing Act (FLA), inviting individuals to submit their observations and suggestions by May 31, 2024. With a focus on enhancing the protection of finance leasing customers and aligning regulations with industry advancements, the Central Bank aims to update the
Fitch Ratings has finalized its assessment of Siyapatha Finance PLC’s proposed Sri Lankan rupee-denominated senior unsecured debentures, assigning them a final National Long-Term Rating of ‘BBB+(lka)’. This rating aligns with the expected rating issued on March 14, 2024, and reflects the confirmation received from the company, substantiating the information previously provided. The assigned rating underscores