The recently approved amendments to the listing rules of the Colombo Stock Exchange (CSE) by the Securities and Exchange Commission of Sri Lanka (SEC) will enable shareholders to receive dividends declared by Listed companies much faster.
Hatton National Bank PLC (HNB) was declared the Best Retail Bank in Sri Lanka at the prestigious Asian Banker Excellence in Retail Financial Services Awards 2020, marking the 11th occasion that bank has emerged as winners.
Sarvodaya Development Finance (SDF), the financial services arm of the Sarvodaya Movement, sailed through the turbulent 2019-20 financial year to report a record profit growth.
Sri Lanka’s most technologically innovative bank HNB PLC reported a smooth transition to contactless remittance transactions parallel to rising demand for digital remittances and cardless withdrawals during the coronavirus lockdown.
The Colombo Stock Exchange (CSE) is pleased to announce the appointment of Mr. Dumith Fernando as the Chairman of the Board of Directors of the CSE with effect from 01st July 2020.
The Hayleys Group’s geographical and sectoral diversity enabled it to deliver earnings growth in an extremely challenging year, with profit-after-tax increasing by 5% y-o-y and profit attributable to equity holders growing by 40% in 2019/20.
In line with the Government's development programme and with the aim of uplifting the small and medium businesses adversely affected by the COVID-19 pandemic, People's Bank has introduced a special loan scheme with an interest rate of just 6%.
Stepping up its assistance to businesses and individuals affected by the global health and economic crisis, Sampath Bank rolled out a host of special business loans and gold loans under its Revive Sri Lanka initiative at a significantly low interest rate of 9% p.a.
The Commercial Bank of Ceylon has announced a further lending rate cut, slashing rates by up to 2% on all categories of loans in a continuing effort to bolster businesses affected by the COVID-19 pandemic by providing affordable access to desperately-needed funds.
Led by their vision of “helping people and businesses by providing financial services and information to achieve their goals and aspirations in a sustainable way”, Nations Trust Bank has identified the importance of assisting adversely affected businesses with a view to supporting the revival of the national economy.
Leading Sri Lankan Financial Services provider HNB FINANCE, recently had its National Long-term rating upgraded to 'AA-(lka)' with a negative outlook following the recalibration of Fitch's rating scale for Sri Lanka.
