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,.

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Industry Analysis

Fitch Assigns Final ‘BBB+(lka)’ Rating to HNB’s Basel III Subordinated Debt

Fitch Ratings has assigned Hatton National Bank PLC (HNB, A(lka)/Stable) a final National Long-Term Rating of ‘BBB+(lka)’ for its proposed Sri Lankan rupee-denominated.

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Finance

Pan Asia Bank Achieves 32% Increase in PBT for 1H 2024

Pan Asia Banking Corporation PLC reported a solid performance for the first half of 2024, with a Pre-tax Profit (PBT) of Rs. 1,996.

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Industry Analysis

Seylan Bank’s Rs. 10 Billion Debenture Issue Oversubscribed on Opening Day

Seylan Bank announced that its recent Rs. 10 billion debenture issue was oversubscribed on its opening day, receiving applications for over 100 million.

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