Business

ComBank Secures Historic Rs. 22.54 Billion Through Record-Breaking Rights Issue

  • August 16, 2024

The Commercial Bank of Ceylon PLC has successfully completed the largest rights issue ever by a bank in Sri Lanka, raising a substantial Rs. 22.54 billion. This significant capital increase aims to boost the bank’s Tier I and total capital, enabling future business expansion. The rights issue offered existing holders of ordinary voting and non-voting

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Industry Analysis

HSBC Named ‘Best International Bank in Sri Lanka’ by Euromoney

  • July 23, 2024

HSBC Sri Lanka has been awarded the title of ‘Best International Bank in Sri Lanka’ by Euromoney in their Awards for Excellence 2024. This accolade acknowledges HSBC’s commitment to digitisation and delivering competitive financial services, reflected in its exceptional financial results in 2023. The award also highlights key achievements in Wholesale Banking, Sustainable Finance, and

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