Total operating income more than doubled to Rs 138 Bn Absorbs over Rs 90Bn in impairment Stellar growth of over 30% in deposits Stage 3 loan ratios of 3.4%; one of the best in the industry Strong liquidity with LAR and LCR well above statutory requirement Adjudged the Best Corporate Citizen in Sri Lanka 2022…
Continues to contribute positively to Sri Lanka amidst unprecedented challenges The Board of Directors of Nestlé Lanka today, 20 February 2023, approved results for the fourth quarter and full year ended 31 December 2022. Sharing his thoughts on the results, Mr. Jason Avanceña, Managing Director of Nestlé Lanka said “It gives me immense pride to…
The Chartered Financial Analyst (CFA) Society Sri Lanka, in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE), is conducting a webinar on the Environmental, Social, and Governance (ESG) in the Asia Pacific and Evaluation in Sri Lanka (APAC), for listed companies on 21st of February 2023,…
Hytera, a leading global provider of professional communications technologies and solutions, is proud to announce the successful deployment of a new backup satellite station for Dialog TV, Sri Lanka’s No.1 satellite Pay TV service provider. The project was fulfilled in 2022 by Hytera and its subsidiary specialized in Satellite Communications (SatCom), Norsat International Inc. The…
Total Assets reaches Rs. 208 billion, up by 10% Customer deposit base reaches Rs. 163 billion, up by 11% Profit for the year Rs. 2 billion, down by 35% The Bank maintains a Net Interest Margin of 4.70% The Bank reports a decent Return on Equity of 10.58% and Post Tax Return on Assets of…
The United Nations World Food Programme (WFP) welcomed Stephanie Wilcock, Director for Asia, Latin America and the Caribbean of the U.S. Agency for International Development (USAID)’s Bureau for Humanitarian Assistance (BHA) on a visit to Sri Lanka. During the visit, Wilcock met with poor rural communities to understand their food and nutrition needs, and how…
President Ranil Wickremesinghe stated that an Economic Commission will be formed as early as possible to approve investment opportunity in order to provide more opportunities to local and foreign investors. The President also stated that it has the potential to significantly boost the country’s economy. President Ranil Wickremesinghe made these remarks today at the opening…
The All Share Price Index (ASPI) of the Colombo Stock Exchange has recorded a massive gain of 233.97 points to close at 9,082.33 points at the end of trading today (Feb. 20). This is an increase of 2.64 percent. According to reports, the massive gain was recorded as a result of increased investor interest in…
With Australian companies increasingly eager to explore investment opportunities in Sri Lanka, trade and investment promotion and facilitation activities can play a vital role in fast-tracking foreign direct investment, High Commissioner for Australia in Sri Lanka His Excellency Paul Stephens stated at a recent meeting at the Ceylon Chamber of Commerce. Stating that Australian companies…
Overseas buyer interest in Sri Lankan properties increased by 40% in 2022, compared with the year before, according to the Real Estate Market Outlook Report 2023, published by Sri Lanka’s leading real estate portal, LankaPropertyWeb. The report said that traffic from overseas countries such as the United Kingdom, Australia, the United States, Canada, and Middle-Eastern…
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