𝑺𝒕𝒂𝒚 𝒖𝒑𝒅𝒂𝒕𝒆𝒅 𝒘𝒊𝒕𝒉 𝒍𝒂𝒕𝒆𝒔𝒕 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒏𝒆𝒘𝒔

Economy

Economy

Sampath Bank offers attractive loan facilities for commercial and residential solar power projects

Extending its support to the Sri Lankan Government’s intention to increase the use of solar power among commercial and residential sectors, Sampath Bank PLC recently announced the introduction of a solar loan facility, especially tailor-made for projects to  set up…

Economy

SL secures US $ 165mn ADB loan as SME financing support

The Asian Development Bank (ADB) and Government of Sri Lanka (GOSL) yesterday signed a US $ 165 million loan agreement to provide immediate financing support for small and medium-sized enterprises (SMEs), which have been severely affected by the coronavirus disease…

Economy

DFCC Bank shines at the Association of Development Financing Institute in Asia and the Pacific Sustainability Development (ADFIAP) Awards 2020

DFCC Bank, the premier commercial bank in Sri Lanka, reaffirmed its continued excellence as the ‘Bank for Everyone’, by clinching two prestigious accolades at the annual awards ceremony of the Association of Development Financing Institutions in Asia and the Pacific,…

Economy

New CEO of People’s Leasing & Finance PLC appointed

Sri Lanka’s leading non-bank finance sector company, People’s Leasing & Finance PLC appointed Mr. Shamindra Marcelline as its new CEO/GM with effect from 20th November 2020. The new CEO/GM Mr. Marcelline being an experienced banker with local and foreign bank exposure…

Seylan Bank secures customer safety through digital banking platforms

Seylan Bank, the bank with a heart, has set out an array of digital banking platforms facilitating a safer and convenient option for customers to carry out financial transactions from home, as Sri Lanka navigates through the COVID-19 pandemic. As…

පාම් ඔයිල් තහනමෙන් වාසි ලබන ශ්‍රී ලංකාවේ ලොකුම පාම් ඔයිල් වගාකරුවන් තිදෙනා

ශ්‍රී ලංකාව තුළ පාම් ඔයිල් වගාව තහනම් කිරීමට රජය පසුගිය කාලයේ තීරණය කිරීම හේතුවෙන්, පවතින තත්ත්වයෙන් වාසි ලැබීමට මෙරට ලොකුම පාම් ඔයිල් වගාකරුවන් තිදෙනා වන වටවල, නමුණුකුළ හා ඇල්පිටිය යන වැවිලි සමාගම් සමත්ව තිබේ. පාම් ඔයිල් වගාව රට තුළ තහනම්…

Are Licensed Finance Companies the missing link in Sri Lanka’s Financial Inclusion quest?

By Krishan Thilakarathne Financial Inclusion is essential for continuous and sustainable economic development, according to IFC. This is no exception for Sri Lanka despite showing strong numbers in bank penetration. According to the World Bank Group’s (WBG) Global Findex for…

63% increase in CDS Account openings since the Digitalization

The Colombo Stock Exchange (CSE) has demonstrated noteworthy performance recording consistent gains in the All Share Price Index of 31% and S & P Index of 27% since reopening on 11th May 2020. Sri Lanka is one of the markets…

Sampath Bank Ranked Amongst Top 1000 World Banks 2020

Continuing to earn awards and recognition in Sri Lanka and around the world, Sampath Bank PLC was recently rated amongst the Top 1000 World Banks 2020 by the UK’s Banker magazine on the 50th anniversary of the rankings. The Banker is…

Driving Value through mastering Internal Capital Adequacy Assessment Process (ICAAP) post pandemic

By Rajith Perera, Partner/Principal, Financial Accounting Advisory Services, Ernst & Young, Sri Lanka COVID-19 pandemic represents the biggest test of the financial stability to the financial services sector. Pandemic constitutes unprecedented local as well as global macro-economic stress leading to…