Wednesday 8th September, 2010
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Executive Living
2010-09-07
Sri Lanka ups minimum capital requirement for banks
Mandates existing banks to be listed by year end
2010-09-07
Sri Lanka's Sampath Bank on expansion mode
Cheif executive discusses Sampath Bank's future strategy
2010-09-06
Sri Lankan banking volumes must increase for interest spreads to drop: official
The large Sri Lankan banks enjoy net interest margins of about 5.0 percent, one of the highest in the region
2010-09-05
Growing Islamic finance should diversify, regulate: analysts
Assets of Islamic financial institutions five fold to one trillion USD during 2003-2009
2010-08-16
Sri Lanka government rules out contractors’ call for specialist bank
Specialized bank with a small capital base will not survive on its own
2010-08-09
HNB’s new IT system will enable staff redeployment and save cost
Bank links 191 branches with new core banking system from a unit of India’s Infosys
2010-08-02
HSBC profit doubles to 6.76 billion dollars
Pre-tax profits across Asia increase by 20 percent to 5.6 billion dollars
2010-07-30
Sri Lanka’s Seylan Bank to shed 1000 jobs
Plans to reduce staff to levels seen in other banks with a similar asset size
2010-07-24
Seven European banks fail financial stress test
All have been ordered to recapitalise or take state aid, the seven banks would need about 3.5 billion euros
2010-07-17
Sri Lanka's six regional development banks merge: official
Plans to get access to foreign funds, diversify into tourism and lend in the former north-east war zone
2010-07-06
Sri Lanka private sector credit up, but consumption lending down
Banker says consumers avoided increased credit even in second quarter
2010-06-29
Speaking the same financial lingo
Challenges to listed Sri Lankan firms in the transition to IFRS
2010-06-17
Sri Lankan listed firm profits up 170 pct in 4Q
Earnings growth tops 45 percent in the company financial years ending Dec 09 and March 10
2010-05-20
Mobile banking to halve transaction costs
Mobile banking software developer Synapsys deploys system at DFCC Vardhana Bank
2010-05-05
Broker recommends loading up on banks
Asia Securities forecasts banks stocks will outperform the market by up to 25 pct over long term
2010-05-03
Finance companies expanding; confidence returning: CB Governor
Regulators continue working with a handful of troubled firms
2010-05-03
Union Bank gets Malaysian, US capital, plans IPO
The bank is planning an IPO within a year to comply with a CB directive that all banks be listed
2010-04-27
Sri Lanka business loans surge in February: data
Central Bank says this is the the biggest monthly gain seen since a credit contraction ended in September
2010-04-26
NTB trims government debt investments
Aims to grow the asset base by 15 percent this year
2010-04-12
DFCC Vardhana focuses on small businesses
Piggy backs on the post office network to reach customers in rural areas
Most Popular
Sri Lankan stock brokers under investigation: official
Sri Lanka's Hemas group to invest eight billion in hotels over five years
Sri Lanka's PC House will become more profitable after IPO:experts
Tweaks suggested to Sri Lankas circuit breaker rules
Hotels may become the biggest business at Hemas overtaking FMCG
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