Businesscafe - Revenue grew by 6.7% to Rs. 121.6 Bn driven by the improvements in all key BUs, Despite the volume contractions in all industries across Hemas managed to outperform the market with market share increases in key segments.
Businesscafe - Sri Lanka will be able to deploy its first credit and debit card-enabled vending machines following a collaboration between the Commercial Bank of Ceylon, the country’s biggest private sector bank, and Ceylon Business Appliances (CBA), a leading financial technology solutions company.
Businesscafe - DFCC Bank was honoured for its marketing campaigns on digital platforms with 4 prestigious Gold Awards for outstanding Creativity, Innovation, Effectiveness, and Corporate Social Responsibility at the illustrious awards ceremony held in Mumbai.
Businesscafe - Siyapatha Finance PLC, a subsidiary of Sampath Bank PLC and a prominent leader distinguished in Sri Lanka's non-bank financial sector, announced its decision to raise Rs. 4 billion through its debenture issue.
Businesscafe - Good Life X (GLX) announced the launch of The Creative Catalyst Fellowship (CCF) at Trace Expert City today.
Businesscafe - Nations Trust Bank announced its acclaimed ‘We Transfer More Than Just Money’ initiative for the year 2024.
Businesscafe - DFCC Bank recently unveiled its Annual Report 2023, spotlighting the Bank's remarkable achievements against a backdrop of formidable challenges and exciting opportunities.
Financial Performance
Businesscafe - The Commercial Bank of Ceylon Group has ended the first quarter of 2024 with a loan book of Rs 1.316 trillion, continuing the Bank’s focus on lending in a period where the appreciation of the Rupee negatively impacted the value of the loan book and resulted in a contraction of the balance sheet.
Businesscafe - Nations Trust Bank PLC reported a strong performance in the first 3 months of 2024, posting a Profit Before Tax (PBT) of LKR 7.5 billion, up 28% year-on-year (YoY) and a Profit After Tax (PAT) of 3.7 billion, up 35% YoY.
Businesscafe - The Colombo Stock Exchange (CSE) and the United States Agency for International Development (USAID) collaborated on a forum to provide small and medium sized enterprises (SMEs) in southern Sri Lanka with insights into opportunities to raise capital through the CSE.
