Amana Bank Declares Record Dividend for Seventh Straight Year
Amana Bank has declared its seventh consecutive annual dividend, marking its highest payout to date, totaling Rs. 661 million. This represents a significant.
Industry Analysis
Industry Analysis
Siyapatha Finance Reports Strong Financial Growth in 1H 2024
Siyapatha Finance PLC recently announced steady financial growth for the first half of 2024, ending June 30. The company achieved a profit after.
- October 2, 2024
Finance
Dinesh Weerakkody Appointed as New Chairman of Union Bank of Colombo
Dinesh Weerakkody, a highly regarded professional with extensive experience in the banking sector, has been appointed as the new Chairman of Union Bank.
- October 2, 2024
Stock Market
Colombo Stock Market Surges to 14-Month High with Record Single-Day Gain
The Colombo stock market reached new heights yesterday as investor confidence soared under the newly elected President Anura Kumara Dissanayake. The benchmark All.
- September 26, 2024
Stock Market
Colombo Stock Market Sees Highest Daily Gain in 2024 Amid AKD Optimism
In a significant display of investor confidence following the election of President Anura Kumara Dissanayake, the Colombo stock market surged to record its.
- September 25, 2024
Stock Market
CSE’s Benchmark ASPI Turns Negative YTD for the First Time in 2024
The Colombo Stock Exchange (CSE) experienced a notable downturn yesterday as the All Share Price Index (ASPI) slipped to a negative Year-to-Date (YTD).
- September 11, 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
Industry Analysis
Banks’ CIO Forum Gears Up for ‘The CIO Confluence 2025’ with Successful Partner Meet Up
The Banks’ Chief Information Officers Forum (BCIOF), the premier C-level forum in Sri Lanka’s banking and financial sector, hosted a successful ‘Partner Meet.
- August 29, 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
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