The Commercial Bank of Ceylon Group has reported mixed results for the first half of 2020, with robust top line growth negated by a combination of factors including pressure on interest margins due to reduced credit demand and interest concessions granted as pandemic relief to borrowers, increasing impairment provisions and low yields on surplus liquidity.
Softlogic Finance PLC is pleased to announce the appointment of key members to its Senior Leadership Team. Roger Rozairo joins as its new Chief Operating Officer; Ivon Brohier, as its new Chief Financial Officer and Dayan Ranasinghe, as its new Head of Delivery Channels.
The Commercial Bank of Ceylon has introduced a new service for the benefit of its ComBank Credit Cardholders – ‘Card Balance by Missed Call’ – a Missed Call Alert Service to increase the convenience enjoyed by them.
99X Technology is pleased to announce that Tracified, a company incubated within its innovation center/accelerator StartupX Foundry, has received an equity investment from 360ip, a venture capital firm based in Tokyo.
Teejay Lanka PLC has reported operating profit of Rs 15.2 million and profit before tax of Rs 13.9 million for the first quarter of 2020-21 but posted a nominal net loss – its first since being listed on the Colombo Stock Exchange (CSE) – directly as a result of the loss of production and orders due to the COVID-19 pandemic.
The global economy took a steep downward trend with the COVID-19 pandemic epicentre shifting from China and East Asia to the United States and Europe.
Commercial Bank’s ‘Flash’ Digital Bank Account holders can now pay via the app for parking at Tenaga managed on-street and off-street parking spaces, without having to drive around looking for a parking meter, consequent to a partnership between the Bank and Tenaga Car Parks (Pvt) Ltd.
Once again proving its environmental consciousness, Sampath Bank published its Integrated Annual Report 2019 as a carbon neutral product for the fifth consecutive year.
The Covid-19 financial crisis led to a crash in SL Sovereign Bond prices from $100 to an all-time low of $48.15 in May as investors ran to the safety of US treasuries exiting Asian bonds.
Sri Lanka’s leading private sector bank HNB PLC, partnered with Brown & Company PLC to offer affordable leasing packages inclusive of attractive benefits for agricultural vehicles in the SME sector.
The Board of Directors of the Colombo Stock Exchange (CSE) congratulates the new Government led by His Excellency President Gotabaya Rajapakse and Prime Minister Mahinda Rajapakse on receiving a convincing mandate at the recently concluded General Election.
