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.
Finance
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.
- August 6, 2024
Economics
CEB Cuts Tariffs Due to Lower Generation Costs, IPP Payments Unaffected
Fitch Ratings-Colombo/Singapore-25 July 2024: Despite a 22.5% tariff cut effective from 16 July 2024, Ceylon Electricity Board’s (CEB, BB+(lka)/Stable) cash flow will remain.
- July 25, 2024
Industry Analysis
Fitch Affirms ‘A-(lka)’ Rating for National Development Bank with Stable Outlook
Fitch Ratings has reaffirmed the ‘A-(lka)’ National Long-Term Rating for Sri Lanka’s National Development Bank Plc (NDB), maintaining a Stable outlook. This decision.
- July 25, 2024
Finance
Fitch Affirms ‘BBB(lka)’ Rating for NITF, Highlights Reinsurance Challenges
Fitch Ratings has affirmed the ‘BBB(lka)’ insurer rating for Sri Lanka’s National Insurance Trust Fund (NITF), maintaining a stable outlook but cautioning about.
- July 18, 2024