~ Core banking growth continues with 30% YOY growth in net financing income Year 2016 saw Amãna Bank continue its positive growth momentum in core banking, leveraging on its strategic focus of being primarily an SME and Retail Bank. Financing Income crossed the Rs 4 billion mark by end of 2016, corresponding to YoY growth…
The Commercial Bank of Ceylon recently hosted the Bank’s top customers and business partners in the United Arab Emirates, a country with an expatriate Sri Lankan population estimated at 300,000. Popular Sri Lankan artistes Bhathiya, Santhush and Umaria provided entertainment for this event titled ‘Combank Elite Night’at the LiwaMajlis Ballroom of the Intercontinental Hotel…
H.E. President Maithripala Sirisena urged the financial sector and other stakeholders to work towards sustainable development in the country. The President’s remarks were made at the first Sri Lanka Sustainable Finance Workshop, hosted by the Central Bank of Sri Lanka, IFC, a member of the World Bank Group, and the IFC-supported Sustainable Banking Network (SBN)….
Leaders from the South Asian capital market were united in their call for improved integration of regional markets as they shared their views on the way forward for exchanges in South Asia, at an event recently held at the Colombo Stock Exchange (CSE). The views were expressed by Chief Executives of Stock Exchanges from around…
Reuters – The Sri Lankan rupee rose for a third straight session on Tuesday, helped by exporter dollar sales, but the gains were capped by concerns about possible further depreciation in the local currency in the absence of central bank guidance, dealers said. Rupee forwards were active with two-week forwards trading at 151.70/80 per…
A decision has been made to allow the Presidential Commission of Inquiry to Investigate and inquire into the issuance of treasury bonds to monitor the auction of treasury bills, which will be taking place today (1) . The treasury bills to be auctioned are worth a total of Rs.24 billlion and have been formulated by…
Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, seeks public comments on the input data parameters and assumptions of the Least Cost Long Term Generation Expansion Plan (LCLTGEP) 2018-2037 submitted by the Ceylon Electricity Board (CEB). LCLTGEP of CEB is prepared based on the input data. “This is the first time…
Award-winning collaboration bridges 16 countries across 3 continents Sri Lanka Telecom PLC (SLT) and the SEA-ME-WE 5 Consortium proudly announce the completion of the 20,000- kilometre subsea cable infrastructure developed by a 16-nation consortium. This submarine cable system won the Project of the Year – Subsea award at the Global Carrier Awards in Paris…
The Central Bank of Sri Lanka, jointly with the Sustainable Banking Network (SBN) managed by IFC, a member of the World Bank Group, has made arrangements to conduct a Workshop on “Sustainable Finance” on 28 February 2017 at the John Exter International Conference Hall of the Central Bank, Colombo with the patronage of His Excellency…
Reuters – Sri Lankan shares fell on Monday to hit their lowest close in more than two weeks as investors were worried over rising interest rates, but foreign buying and block deals in Expolanka Holdings boosted the turnover. Foreign investors net bought 716.2 million rupees worth of equities on Monday, reversing the year-to-date net…
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