Businesscafe - HNB recorded a Profit After Tax (PAT) of Rs 4.7 Bn during the first quarter of 2021 while Profit Before income Tax (PBT) amounted to Rs 5.5 Bn. At Group level PBT and PAT were at Rs 5.9 Bn and Rs 4.8 Bn respectively.
Businesscafe - Standard Chartered Sri Lanka recently supported MAS Holdings to achieve one of its long-term strategic initiatives by identifying a suitable partner for its subsidiary, attune Lanka (Private) Limited.
Businesscafe - Softlogic Finance PLC, a subsidiary of Softlogic Capital PLC, is all set to launch a Rights Issue to raise over Rs. 2.2 billion in a bid to infuse fresh capital for business expansion with a focus on the company’s future growth.
Businesscafe - Nations Trust Bank Credit and Debit Cardholders can now activate and set customized PINs through either the Nations Mobile App or at the Bank’s Smart ATM/CRMs.
Businesscafe - Sampath Bank PLC recently entered into a strategic partnership with SDB Bank whereby customers of SDB can gain access to Sampath Bank’s branch network and cash/cheque deposit kiosks, enabling greater convenience and accessibility to new services, thereby driving greater financial inclusion.
Businesscafe - Seylan Bank, the Bank with a Heart, recently relocated its Kilinochchi Branch to a spacious new location to provide superior banking services to its customers hassle free.
Businesscafe - Chrissworld Limited will be listed on the Empower Board of the Colombo Stock Exchange(CSE) with effect from 18th May 2021.
Businesscafe - Sri Lanka Telecom PLC (SLT) Group released its financial results for the first quarter of 2021, with a remarkable 14.3% year-on-year growth in Profit After Tax (PAT) to Rs. 2.1 Bn.
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.
