Private sector credit demand in September lagged from a recent high in the previous month.
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Behind the News
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Sri Lanka has recorded an 11.7% increase in workers’ remittances from January to October 2024 compared to the same period in 2023, according to latest figures released by the Central Bank of Sri Lanka (CBSL).
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The Bank of Ceylon (BOC) has announced the appointment of Kavinda de Zoysa as its new Chairman. With over 30 years of experience in the banking industry, including 25 years in management, de Zoysa brings extensive leadership expertise and a strategic vision to the role.
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Expects new government to focus on a more equitable burden-sharing strategy protecting needy Observes positive signs of continuity in reform programmes and policies Its 2024-2028 Country Partnership Strategy aims achieving sustainable recovery
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Consequent to the Order issued by the Monetary Board of the Central Bank of Sri Lanka to resume business of Swarnamahal Financial Services PLC (SFSP) for a limited time on a conditional basis,
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Sri Lanka’s DFCC Bank Plc is looking for an investor to sell its 50 percent in Acuity Partners after its deal for the sale did not go through as announced earlier.
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People’s Bank announced yesterday that it has successfully concluded the issuance of its BASEL III Compliant Tier 2, Unlisted, Rated, Unsecured, Subordinated Redeemable Debentures with non-viability write-down, as required by the Central Bank of Sri Lanka (CBSL), raising over Rs. 10 billion last month.
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The Department’s Geology division is in possession of 271 gemstones which have been securely deposited at the Metropolitan Branch of the Bank of Ceylon since September 18, 1964, remains unassessed, the National Audit report in 2023 revealed.
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Profits at Sri Lanka’s Seylan Bank Plc group grew 4.61 percent to 2.06 billion rupees in the September, 2024 quarter, interim accounts showed.
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