Senkadagala Finance PLC recently announced that it received a US $25 million 5 Year Green Investment Facility from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO).
As the bank of the people, People’s Bank has stepped forward to fulfill its obligations and assist the Government’s ongoing efforts to re-start the Sri Lankan economy and help the people of the country to get some form of normalcy to their lives by reducing interest rates to 9% onwards across several loan schemes.
Sri Lanka’s fastest-growing life insurer, Softlogic Life has been ranked as the 7th most transparent listed company on the Colombo Stock Exchange as well as the most transparent insurance company in Sri Lanka by Transparency International Sri Lanka (TISL) in its latest report titled ‘Transparency in Corporate Reporting (TRAC): Assessing the Top 50 Listed Companies in Sri Lanka’.
NDB Wealth Management continues to be ranked as the number one Wealth manager in Sri Lanka.
Mahindra Finance, India’s leading Non-Banking Finance Company together with Ideal Finance Ltd, the finance arm of the Ideal Group, recently introduced a special COVID Sahana package to facilitate buyers of Mahindra personal and light commercial vehicles with affordable hire purchase plans.
Building on efforts to finance a grassroots revival of the national economy, Sri Lanka’s highest ranked private sector bank in the Banker Top 1000 world banks ranking, HNB PLC, ramped up assistance to individuals and enterprises negatively impacted by the COVID-19 pandemic by granting debt moratoriums worth Rs. 350 billion as at the end of June 2020.
Industrial Asphalts (Ceylon) PLC (IAC), a company listed on the Colombo Stock Exchange under the stock code ASPH.N is going through a capital raising exercise with the announcement of the rights issue.
The Commercial Bank of Ceylon conducted a webinar on Financial Literacy and Banking Solutions for Small, Medium and Micro Entrepreneurs recently, in collaboration with the Institute of Certified Management Accountants (CMA) of Sri Lanka.
People’s Bank held a ceremony in the Keppetipola region of Badulla to distribute Aswenna loans, a unique product launched to support the Government’s development programme to create a self-sufficient nation.
Catering to the rapidly increasing demand for digital payment solutions Sri Lanka's leading private sector bank HNB PLC and Lanka IOC PLC, a top-ranked listed energy company launched phase 1 of contactless payment options via the Solo Digital Payment App by HNB at 41 Lanka IOC Petrol Sheds across the island with phase 2 set to offer the facility at a further 167 sheds.
Huawei announced its business results for the first half of 2020 today.
