CBSL to Launch a New Mechanism to Monitor Foreign Exchange Operations through Banking Sector in 2022
The Central bank of Sri Lanka (CBSL) is in the process of operationalizing an International Transactions Reporting System (ITRS) that will monitor both cross-border and foreign currency transactions in the banking sector from 2022 onwards. The comprehensive cross-border and foreign…
ComBank Q+ ගෙවීමේ ඇප් සේවාවට 50,000 කට අධික පිරිසක් එක්වෙයි
LANKAQR පද්ධතියට හඳුන්වා දුන් පළමු ක්ෂණික ප‍්‍රතිචාර (QR) පදනම් කරගත් ගෙවීමේ ඇප් සේවාව වන කොමර්ෂල් බැංකුවේ ComBank Q+ ගෙවීමේ ඇප් පහසුකම භාවිතා කරමින් මේ වනවිට 50,000 කට අධික ගනුදෙනුකරුවන් පිරිසක් එම ඩිජිටල් ගෙවීම් විසඳුමේ පහසුව සහ ආරක්ෂාව භුක්ති විදින බව…
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…
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…
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,…
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…