Businesscafe - While the Pandemic is undoubtedly one of the most formidable challenges Sri Lanka has encountered in recent years, it is believed that the collective response of the local Banking sector has helped the country as a whole, to handle the unexpected economic downturn in 2020.
Businesscafe - The Commercial Bank Group led by Sri Lanka’s benchmark private sector bank has generated strong growth in fund-based operations in the first quarter of 2021, with the continuing trend of interest expenses reducing at a significantly higher rate than interest income combined with judicious management of core banking operations.
Businesscafe - Despite the challenging business environment, the Bank continued its planned “K shaped” recovery strategy by increasing the loan portfolio by LKR 20 billion recording an increase of 10% during the quarter.
Businesscafe - Prime Lands Residencies Limited Initial Public Offering (IPO) of 100,000,000 shares at Rs.10.40 per share at the Colombo Stock Exchange (CSE) which opened yesterday (11th May 2021) was oversubscribed on the initial day itself.
Businesscafe - Top performing Team members from Citizens Development Business Finance PLC (CDB) were recognised at the Annual CDB Infinity Awards.
Businesscafe - Sri Lanka’s premier private sector bank HNB PLC partnered with leading agricultural and construction equipment provider United Mercury Group (UMG) Lanka to offer exclusive discounts and attractive benefits on MATADOR heavy-duty machinery.
Businesscafe - Commercial Bank customers receiving money from the USA via the MoneyGram money transfer service to their Bank-issued Visa Debit Cards will not be charged a fee for the next three months as a result of a promotion campaign involving the three companies.
Businesscafe - Sampath Bank joined hands with one of the country’s most anticipated mega book sale events, Big Bad Wolf Online Book Sale, yet again.
Businesscafe - Sri Lanka’s premier private sector bank HNB PLC announced unmatched discounts and convenient leasing options for SANY heavy machinery in partnership with Sun Lanka Auto Traders.
Businesscafe - The Lean Six Sigma Company, one of the leading Six Sigma providers with offices in 25 destinations across the world, awarded certifications to participants from NDB Bank recently.
Businesscafe - Prime Lands Residencies Limited the condominium property arm of the maestro of real estate artistry in Sri Lanka, Prime Group, recently debuted its Initial Public Offering (IPO) Proposition.
