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Digital and Customer Service Excellence propel HNB Group PAT to Rs 16.7 Bn in 2017

Bank PAT Rs 16.5 Bn Lowest recorded cost to income ratio of 4% Group Assets cross Rs 1 Trillion Deposits surpass Rs 700 Bn Strong capital position with a CAR of 17% HNB successfully weathered the challenges that arose in 2017 while leveraging upon new growth opportunities to post a profit after tax (PAT) of…

(0)Comments | February 21, 2018 7:49 pm

Are Sri Lanka and the SAARC region capable of tackling any cyber threat?

~ In conversation with Sunil Sharma, Managing Director – Sales (India & SAARC) of Sophos Technologies Pvt. Ltd. Q: Sophos is one of the key leaders in the cyber security space. Can you briefly describe what the company is about? A: Sophos Technologies was established in 1985 in the UK. For the last 32 years,…

(0)Comments | February 21, 2018 6:51 pm

DFCC Bank Records An Impressive Performance In 2017

DFCC Bank continued to demonstrate positive momentum across businesses in 2017 as a rapidly growing commercial bank completing its second year after the amalgamation.   Despite a backdrop of higher taxes, volatile interest rates, tight margins and intensifying competition, the Bank closed the financial year ended 31st December 2017 with a profit before tax of…

(0)Comments | February 21, 2018 3:33 pm

Elevating the Artist : How the John Keells Foundation re-imagines CSR

By Natalie Soysa Large enterprises engaging in CSR activities may be commonplace, but its ability to empower lives is incomparable. Some of the biggest brands in the world have opted to re-visit what CSR means, changing the corporate responsibility game altogether. In America, Google CEO Sundar Pichai opted to stand up for “what’s right” through…

(0)Comments | February 21, 2018 3:19 pm

CBSL says Financial stability is essential for prosperity and sustainability

Financial stability is a necessary condition for achieving prosperity and sustainable growth in the country the Governor of the Central bank of Sri Lanka Dr. Indrajit Coomaraswamy said yesterday. He also pointed out that constructive and effective relationships between the prudent supervisors and audit regulators can enhance financial sector supervisions Speaking at the 12th International…

(0)Comments | February 21, 2018 2:24 pm

Sri Lankan stocks end at over 3-month high on hopes of political stability

Reuters – Sri Lankan shares ended higher for a third straight day on Tuesday on hopes of political stability after the prime minister decided to stay in office and reshuffle his cabinet in the wake of a stinging loss in local elections for both parties in the ruling coalition. The coalition parties held a cabinet…

(0)Comments | February 21, 2018 10:51 am

Amãna Bank PAT tops Rs 500 million, recording a 10-fold growth

~ Operating Profit crosses Rs 1 billion Amãna Bank completed a successful 2017 by achieving a Profit After Tax of Rs 502.8 million, reflecting a remarkable YoY growth from Rs 40.6 million in 2016. Profit Before Tax for the same period showcased a 619% growth to read at Rs 739.3 million. The Bank’s Financing Income…

(0)Comments | February 20, 2018 10:46 am

Sampath Bank reports profit after tax in excess of Rs 12 Bn

Becoming probably the only bank in Sri Lanka to reach this milestone within 30 years   Sampath Bank posted a Profit After Tax (PAT) of Rs 12.1 Bn for the year ended 31st December 2017, an impressive 32.7% YoY growth compared to Rs 9.1 Bn recorded in the previous year. Similarly, Profit Before Tax (PBT)…

(0)Comments | February 20, 2018 10:44 am

Sri Lankan stocks steady in dull trade; political woes weigh

Reuters – Sri Lankan shares ended steady on Monday in thin trade amid political uncertainty after both parties in the ruling coalition suffered defeats in a local election earlier this month. Turnover stood at 288.4 million rupees ($1.9 million), well below the daily average of 849.7 million rupees. The Colombo stock index ended 0.03 percent…

(0)Comments | February 20, 2018 10:36 am

Seylan Group reports Profit-After-Tax over Rs. 5 billion, 24% Year on Year Growth

In the backdrop of challenging external environment, Seylan group reported a resilient performance by recording a Profit after Tax of Rs. 5,004 Million for the year ended 31st December 2017, which is the highest profit reported in its history. Seylan Bank also continued its growth momentum by achieving a profit after tax of Rs. 4,430…

(0)Comments | February 20, 2018 10:34 am