Deutsche Bank on Tuesday (18) announced it is investing in Sri Lanka and launching a major push into the corporate client market, with the rollout of a new digitally-enhanced foreign exchange (FX) platform. The rollout marks the bank’s first step in introducing a comprehensive suite of digital FX solutions for our corporate clients in Sri…
Pan Asia Banking Corporation PLC, “the Truly Sri Lankan Bank” ended 2019 Q4 with its best financial results ever, to report a Post Tax Profit of Rs.726.84 million during the final quarter, recording an impressive growth of 58% demonstrating its resilience amidst challenging conditions. Meanwhile, the Bank‟s operating profit before all taxes for the quarter…
• Net interest income up by 20% YoY • Net fee and commission income up by 25% YoY • Total assets crossed LKR 500 Bn mark to reach LKR 530 Bn -up by 12% YoY • Gross Loans and advances up by 16% to LKR 409 Bn • Customer Deposits up by 17% to LKR…
Sri Lankans can now open a securities account instantly with their Stock broker under a new decentralization program by the Central Depository Systems (CDS) eliminating the need to forward application forms and connected documents to CDS and wait for the CDS to open the account and confirm to the stock Broker and for the stock…
Sri Lanka’s tourism sector earnings were provisionally estimated at US dollars 3,592 million during 2019, compared to US dollars 4,381 million during the corresponding period of 2018, latest External Sector Performance report of the Central Bank of Sri Lanka outlines. Earnings from tourism were provisionally estimated at US dollars 454 million in December 2019, in…
– Kickstarts its journey with final roll out of the locally assembled KUV100 NXT K6+ from its MILPL plant in Welipenna. – Cements its commitment to strengthen its brand presence in Sri Lanka expanding its offering in passenger vehicle segment. – Open Doors for sale island wide with the opening of the 1st exclusive showroom…
According to J. B. Securities monthly review, Sri Lanka vehicle registrations picked up in January 2020, in comparison to December 2019 in most categories. Total car registrations recorded 2,536 units (N 349, P 2,187) in Jan up from 2,057 units in Dec but down from 3,147 units 12 months ago. New car registrations recorded 349…
Amal Cabraal has been appointed as the Vice Chairman of the Sunshine Holdings PLC with effect from 13 February 2020. He has been serving the Sunshine Board since May 2017 as an Independent Director. Amal Cabraal is presently the Chairman of Ceylon Beverage Holdings PLC, Lion Brewery (Ceylon) PLC, Silvermill Investment Holdings and CIC Feeds…
According to the latest external trade data released by the Central Bank, country’s trade deficit had widened in December 2019, led by a decline in exports and a growth in imports on a year-on-year basis. The deficit in the trade account widened in December 2019 to US dollars 784 million, from US dollars 701 million…
HNB Finance Limited’s Initial Public Offering (IPO) was successfully oversubscribed on the opening day. In a stock exchange filing on Monday (17) HNB Finance Limited noted that they have received applications for over Rs.57 million in shares the company was selling through an Initial Public Offer on Monday (17). Therefore, the offer was closed at 4.30…
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