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 tax (PAT) of Rs. 513 million, marking a remarkable 189% increase compared to the same period last year. Profit before tax (PBT) also saw substantial growth, rising by 133% to Rs. 1,215

Read More
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 million, marking a 32% increase compared to the same period last year. The Bank’s net fee and commission income surged by 24% in the first half of 2024, driven primarily by increased

Read More
Industry Analysis

ComBank’s Largest Debenture Oversubscribed on Opening Day, Raises Record Rs. 20 bn

The Commercial Bank of Ceylon’s debenture issue, the largest ever by a private bank in Sri Lanka, closed after being oversubscribed on its opening day (July 2), raising Rs. 20 billion. This milestone underscores investor confidence in the institution. Announcing the oversubscription, the bank revealed it received applications for more than three times the Rs.

Read More