Group’s 9-month gross income up 30.88% to Rs 256 Bn. Loan book increases by Rs 51 Bn. in Q3 to Rs 1.239 Tn. Deposits cross Rs 2 Tn. milestone A heightened emphasis on lending has seen the Commercial Bank Group increase gross loans and advances by Rs 51.404 billion in the third quarter of 2023…
Group pre-tax profit of Rs.10.0 Bn with over eight-fold YoY increase demonstrating enhanced performance Marked improvement in fee and commission income to Rs. 5.4 Bn – Up by 24% Continued gradual reduction in impairment charges Prudent balance sheet management amidst external pressures Sound liquidity and capital maintained throughout the year National Development Bank PLC posted…
Financial Performance Sampath Bank registered profit before tax (PBT) of Rs 22.0 Bn and profit after tax (PAT) of Rs 12.3 Bn for the nine months ended 30th September 2023, recording a growth of 136.4% and 71.5% respectively against the subdued financial figures reported during the corresponding period in 2022. Key highlights for the period…
Luxury passenger vessel RESILIENT LADY, operated by Virgin Voyages and flying the Bahamian flag, made the maiden call at the Port of Colombo on November 13, 2023. The ship, measuring 909ft in length and accommodating 2,318 passengers and 1,194 crew members, called at the East Terminal of the Sri Lanka Ports Authority (SLPA), Port of…
SriLankan Airlines advances their passenger services at Bandaranaike International Airport (BIA) with the introduction of self-service check-in and self-bag-drop services. This initiative is set to redefine the travel experience, placing convenience and efficiency at the forefront. The new self-service kiosks aim to minimize waiting times during peak periods, allowing passengers to seamlessly navigate through the…
Hatch, with funding support from the U.S. Department of State, recently concluded its Demo Day for AccelerateHER, Sri Lanka’s trailblazing accelerator program tailored for female entrepreneurs. The program marked the graduation of seven female founders, who showed remarkable progress and business acceleration throughout the 3-month program. The entrepreneurs made compelling pitches to an audience of…
Reuters – Sri Lanka’s government projected a lower-than-anticipated budget deficit for 2024 on Monday on the back of a significant jump in revenues which are crucial to keep its bailout programme from the International Monetary Fund afloat. The government set a fiscal deficit target of 2.85 trillion Sri Lankan rupees ($8.73 billion) in 2024, or…
55 additional Boeing 777-9s and 35 777-8s bring Emirates’ total 777X orders to 205 units. Signs deal for 202 additional GE9X engines to power its new 777X fleet, bringing Emirates’ total order for GE9X engines to 460 units. Emirates updates Boeing 787 Dreamliner order to 35 units: 15 787-10s and 20 787-8s Emirates opened the…
The presentation of the budget speech by the President, today at 12.00 pm. Second Reading Debate scheduled from November 14th to the 21st – Vote for the Second Reading scheduled for Tuesday, November 21st at 6:00 p.m. Committee Stage Debate scheduled for Wednesday, the 22nd of November to Wednesday, the 13th of December – Vote…
Group Total operating income up by 43% to LKR 31 Bn Group records Operating Profit Before Taxes on Financial Services of LKR 11 Bn. Group PAT of LKR 7 Bn Impairment charge of LKR 12 Bn reflective of present economic stresses During the period under review, DFCC Bank remained committed to providing high-quality, customer-centric banking…
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