Group’s Operating income up 13.36% to Rs 76.73 billion Total assets grow 25% to Rs 1.762 trillion Provision cover rises to 57.42%; impairment charges up 89.03% to Rs 21.420 billion CASA ratio improves to 42.72%, interest expenses down 9.53% Strong asset and other income growth combined with an emphasis on prudent provisioning in one of the…
Dialog Axiata PLC (“Dialog”), Sri Lanka’s premier connectivity provider, announced the commissioning of the Maldives Sri Lanka Cable system (MSC), enabling the delivery of high-speed broadband services. Dialog’s investment in the new high-speed submarine cable will trigger the single largest infusion of International Bandwidth between Sri Lanka and Maldives to date. The 840km long international…
On 18 February 2021, the Monetary Board issued Rules in respect of repatriation of export proceeds into Sri Lanka and conversion of such proceeds into Sri Lanka rupees, and also issued Operating Instructions to Licensed Banks on the same. The above Rules and Operating Instructions, which would supplement the repatriation requirement already in place, were…
The Association of Private Hospitals and Nursing Homes (APHNH) commended the Government’s recent decision to prioritize private sector healthcare workers in the country’s ongoing vaccination drive. APHNH noted that more vaccine shipments are due to arrive in the coming weeks, and expressed confidence in the Government’s support to complete the inoculation of all healthcare workers,…
In the backdrop of an extremely challenging environment, Seylan Bank recorded a Profit After Tax (PAT) of LKR 3Bn for the year ended 31 December 2020. Income Statement Interest Income of the Bank stood at LKR 52.3Bn while interest expenses stood at LKR 32.8Bn reflecting a Net Interest Income (NII) of LKR 19.5Bn with…
Regular trading at the Colombo Stock Exchange (CSE) was temporarily halted for 30 minutes from 1.28 p.m 1.58 p.m today (23) as S&P SL20 index dropped by 5% during the trading session. S&P SL20 index fell by 147.53 points to 2,882.26 and the All Share Price Index (ASPI) also fell by 307.37 points to 7,290.14.
The All Share Price Index (ASPI), the primary index of the Colombo Stock Exchange (CSE) tracking the price movements of all shares listed on the exchange has remained in double digit year-to-date (YTD) returns territory for 25 consecutive market days, over a period of 5 weeks since the 15th of January 2021. YTD return indicates…
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 decreased to 3.7 per cent in January 2021 from 4.6 per cent in December 2020. This was due to the statistical effect of the high base prevailed in January 2020. Meanwhile, Food inflation (Y-o-Y) decreased to 5.9 per…
Group PAT Rs 13.7Bn Total deposits grow by Rs 158 Bn CASA grows by Rs 99Bn recording a 35% increase NPA ratio improves to 4.3% Among the most liquid and best capitalized banks Supports economic revival through extensive financial support Hatton National Bank PLC (HNB) demonstrated resilience and an unwavering focus on sustainable business performance…
Premium income grows by 17.9% to Rs 22.1 billion Investment & other income up 11.3% to Rs 14.9 billion Total assets surpass Rs 150 billion milestone Retains market leadership in life insurance sector for 17th consecutive year Ceylinco Life has achieved consolidated income of Rs 36.98 billion for FY 2020, demonstrating the Company’s…
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