Business News: With many families experiencing financial instability due to the COVID-19 outbreak that has had a significant impact on the Sri Lankan economy, DFCC Bank introduces its “DFCC Ranwarama” ...
Business News: The Commercial Bank of Ceylon has announced a reduction of lending rates across the board in response to the present needs of individual and corporate borrowers and in ...
Economy News: 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 5.9 percent in April 2020 from 7.0 percent in ...
Economy News: Up to 60m people will be pushed into "extreme poverty" by the coronavirus warns the president of the World Bank. David Malpass said the bank expects global economic ...
Business News: Amãna Bank achieved a commendable Q1 performance in 2020, which saw its customer deposits grow by Rs 5.4 billion or by 8% to close the quarter at Rs ...
Business News: Two more leading educational institutions in Sri Lanka have appointed the ComBank -Commercial Bank of Ceylon as their Internet Payment Gateway (IPG) service provider, enabling both foreign and ...
Business News: HNB Head of Management The operating profit of Sri Lanka’s Hatton National Bank (HNB) before VAT and taxes declined by 13.5% to Rs 4.2 Bn compared to Rs ...
Business News: SDB bank recently appointed Banking and Financial Tech expert Dinil Perera as Chief Digital Officer. His extensive banking-focused IT experience both in Sri Lanka and globally, will no ...
Economy News: Sri Lanka’s trade deficit widened in February 2020 as expenditure on imports increased at a faster pace than the increase in earnings from exports, the Central Bank reported ...
Business News: Former Pan Asia Banking Corporation (PABC) Chairman and head of Esna Group of Companies Eshana De Silva has been appointed as the new chairman of National Development Bank ...
Impairment charges for Q1 surge to Rs 6.54 bn. Deposits grew by Rs 51.33 bn. to Rs 1.10 Tn. Advances grew by Rs. 28.74 bn. to Rs. 949.2 bn. Business ...
Business News: Sampath Bank continued to demonstrate its commitment to offer the best possible service to its customers across the Country by maintaining all essential banking services without interruption amidst ...
• Profit after tax increases by 53% to Rs. 416 Mn • Net Interest Income up by 23% and NIM improves from 4.36% to 4.78% • Operating Profits up by ...
Business News: Colombo Premier commercial bank in Sri Lanka, DFCC Bank offers an unprecedented interest rates for one-year fixed deposits with a view to increasing the interest income of customers ...
Business News: ComBank The Commercial Bank of Ceylon, Sri Lanka’s largest payment card issuer, has announced a new partnership with Visa, the global payments technology leader, to launch CyberSource, a ...
Business News: Sarvodaya Development Finance (SDF), a licensed Finance Company approved by the Central Bank of Sri Lanka, has come forward to assist in the battle against the COVID-19 pandemic. ...
Business News: Premier commercial bank in Sri Lanka, DFCC Bank offers an unprecedented interest rates for one-year fixed deposits with a view to increase the interest income of customers earn ...
Business News: Amana Bank now provides its customers the ability to register for Internet & Mobile banking from the safety and comfort of their homes. Customers can get registered by ...
Economy News: The total official reserves of Sri Lanka were down from US$ 7,533.74 in March 2020 by US$ 353.84 million to US$ 7,179.9 million in April 2020, the latest ...
Business News: Despite its strong-footed entry into the first quarter of 2020, Union Bank core banking growth compressed since mid-March up until the end of the first quarter, owing to ...
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