Sri Lanka Telecom Group (SLT Group), the National ICT Solutions Provider, recorded a consolidated revenue growth of 5.4% to Rs 26 Bn in Q1 2022, in comparison to the corresponding period in the previous year. Group Profit After Tax (PAT) in the same period was recorded at Rs. 2.7 Bn, demonstrating the SLT Group’s resilience…
National Development Bank PLC released its financial results for the first quarter ended 31 March 2022, a period that was undoubtedly a most challenging one. Commenting on the results released to the Colombo Stock Exchange on 13 May 2022, NDB’s Director/ CEO – Mr. Dimantha Seneviratne stated that the repository of experience the Bank has…
Backed by its solid capital base and prudent risk fundamentals, Sampath Bank continues to prove that it is well equipped to navigate the challenging economic environment. Having sufficient capital buffers to absorb significant losses arising by reason of the prevailing stressful economic conditions, the Bank’s well-diversified investment portfolio coupled with its increased vigilance and proactive…
Assets cross Rs 1.5 Trillion and Advances cross Rs 1 Trillion in 1Q 2022 Capital strong at 15.59% Liquidity high with LAR at 30% and LCR at 194% Net Stage III loans improve to 2.4% In the backdrop of turbulent market conditions, Hatton National Bank PLC continued to demonstrate resilience, strength and stability, posting a profit…
A notable depreciation of exchange rate was observed since early March 2022. The Sri Lanka rupee that remained around Rs. 202-203 per US dollar till early March 2022, depreciated thereafter, as a result of the measured adjustment that was allowed in the determination of the exchange rate in the first week of March 2022. The…
We condemn in the strongest possible terms, the violence instigated by progovernment mobs against the peaceful protestors near Temple Trees and Galle Face on the morning of May 9, 2022. We support and praise the extraordinary patience of the protestors at “GotaGoGama” who not only weathered over 30 days of challenges without resorting to violence,…
Tier I Capital and Total Capital Adequacy ratios as at 31st March 2022 above regulatory levels at 11.8% and 14.1%, respectively. 32% growth in Operating Income in comparison to Q1 2021 4% growth in Profit Before Tax year-on-year to LKR 2.6 billion Nations Trust Bank PLC reiterated its strong financial position with steady growth in…
The Central Bank of Sri Lanka, with support from the International Finance Corporation (IFC) has launched a series of guidelines – known as the Sri Lanka Green Finance Taxonomy – designed to help channel financing for sustainable, environmentally friendly products and services while supporting the country’s climate goals. The Sri Lanka Green Finance Taxonomy is…
Total assets cross Rs 2 Tn., first private sector bank to achieve the milestone Mainly influenced by Rupee devaluation, loan book grows by Rs 133 Bn., deposits by Rs 234 Bn. in 3 months 3-month net operating income up 66% to Rs 28.3 Bn. Posts other operating income of Rs 11.3 Bn. primarily from realized…
Sri Lanka Institute of Marketing (SLIM) believes that sudden eruption of violence witnessed at the beginning of the week that changed the nature of peaceful protests, could tarnish the long held reputation of Sri Lanka as a liberal market country that respects principles of democratic governance. The latest wave of turmoil shows a disturbing trend…
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