Policy and Regulation

Kavan Ratnayaka Resigns as Chairman of BOC

  • September 24, 2024

Kavan Ratnayaka has stepped down from his role as the Independent, Non-Executive Chairman of the Bank of Ceylon (BOC). The announcement was made in a disclosure to the Colombo Stock Exchange, effective September 22. Ratnayaka had been appointed to the position in March 2024.

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Finance

Seylan Bank Profits Soar 50% in June Due to Lower Loan Loss Provisions

  • August 1, 2024

Seylan Bank PLC reported a significant profit increase for the quarter ending June, driven primarily by a reduction in loan loss provisions. The bank’s net profit soared by nearly 50%, reaching Rs. 2.21 billion, or Rs. 3.48 per share, up from Rs. 1.48 billion, or Rs. 2.32 per share, in the same period last year.

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