Post-tax profitability of Rs. 1.9 Bn up by 168% ROE of 10.03% Total assets growth of 7% to Rs. 852.4 Bn Healthy growth in loan book of 5% to Rs. 535.2 Bn stemming from all business sectors CASA ratio improvement by 91 bps to 25.82% National Development Bank PLC (NDB/the Bank) recently released its financial…
Loan book grows by Rs 116.75 Bn. in 3 months to Rs 1.642 Tn. Net interest income up 23.53% to Rs 34.21 Bn. Improves provision cover and interest margin alongside balance sheet growth Reports 3-month PBT of Rs 22.56 Bn. and PAT of Rs 14.97 Bn., with taxes amounting to Rs. 11.61 Bn. The Commercial…
Profit After Tax of LKR 4Bn. up 8% YoY Net Stage 3 Ratio of 1.4% Total Capital Adequacy Ratio of 20.56 %, Return on Equity 20.45% Nations Trust Bank PLC reported strong financial results for the three months ending 31st March 2025, achieving a Profit After Tax (PAT) of LKR 4 Bn, up 8% YoY….
BRJW Enterprises, a family-owned automotive business with a 45-year legacy, proudly announces the successful importation of the full range of Bentley motor vehicles to Sri Lanka. This milestone underscores BRJW’s commitment to delivering luxury and performance to discerning clientele. The latest addition to Sri Lanka’s roads is the Bentley Bentayga Hybrid SUV. Powered by a…
A high-level Sri Lanka-China Trade and Investment Forum will be held in Colombo on May 30, 2025, hosted by The Ceylon Chamber of Commerce and the Department of Commerce of Sri Lanka, together with the Sri Lanka – China Business Council of the Ceylon Chamber, and the China Chamber of Commerce for Import and Export…
Reuters – Microsoft (MSFT.O), opens new tab said on Tuesday it was laying off less than 3% of its workforce, or around 6,000 employees, as the technology giant looks to rein in costs while funneling billions of dollars into its ambitious bet on artificial intelligence. The cuts will be across all levels and geographies and…
The Ceylon Chamber of Commerce is proud to announce the Sri Lanka Economic and Investment Summit 2025, taking place on 2 – 3 December at the Shangri-La Hotel, Colombo. Held under the theme “Gateway to Growth – Asia’s Emerging Opportunity,” the high-profile summit will be a flagship event on Sri Lanka’s economic calendar. As Sri…
The SLT Group has reported a Profit After Tax (PAT) of Rs. 2,001 million for the first quarter ended March 31, 2025, a surge from Rs. 156 million in Q1 2024, reflecting effective financial management and improved operational efficiency. SLT Group demonstrated strong performance for the first quarter of 2025, with revenue increasing 3.4% to…
Fitch Ratings: The Joint Statement on US-China Economic and Trade Meeting in Geneva published on 12 May appears to be a significant de-escalation of the trade war between the two countries, Fitch Ratings says. But in the absence of a lasting deal, uncertainty over where tariff rates will settle and the impact of those already…
Living sanctuary for Sri Lanka’ rich biodiversity Dipped Products PLC (DPL), a leading exporter of premium hand protection solutions, has unveiled its pioneering EcoPulse Nature Reserve—an innovative biodiversity haven—at the heart of its Hanwella manufacturing facility. Spanning two acres in Sri Lanka’s lush low country wet zone, the EcoPulse Nature Reserve marks the first phase…
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