Banking Archives - Page 107 of 278

May 16, 2023

DFCC Group recorded a PAT of LKR 2 Bn. Total operating income is up by 93% to LKR 11 Bn. Impairment charges of LKR 4.7 Bn reflecting the current economic stresses. The following commentary relates to the unaudited Financial Statements for the period ended 31 March 2023, presented in accordance with Sri […]

May 16, 2023

Relating to recent views expressed on People Bank’s non-performing loan write-offs, as shared in certain social media groups, the Bank’s Management hereby wishes to categorically deny such statements as being true. To save any future doubt, none of the loans so discussed in the said forums have been written off. […]

May 16, 2023

16th May 2023, Colombo: Sri Lanka Insurance (SLIC) entered in to a Bancassurance partnership with Seylan Bank PLC with the objective of promoting insurance products through mutually agreed Seylan Bank branches. The partnership focuses on offering customers of Seylan Bank a range of insurance solutions catering to their respective needs. The signing […]

May 15, 2023

Sampath Bank continued to reinforce its commitment to all stakeholders notwithstanding the ongoing economic challenges. Stepping in to support the customers affected by the prolonged economic downturn, the Bank continued to offer tailormade options and alternative repayment plans to help its customers sustain their businesses while staying true to its ethos of […]

May 15, 2023

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Gross Income grows 54.20% to Rs 84.149 Bn. Impairment provisioning up 14% to Rs 6.797 billion Appreciation of Rupee impacts loan book, deposits and assets The Commercial Bank of Ceylon Group’s deposit base has surpassed Rs 2 trillion, a milestone it achieved in the first quarter of 2023 despite the continuing impacts […]

May 15, 2023

Total operating income rises 22% YoY to Rs 34 Bn Net stage III ratio at 3.8%; one of the best in the industry Tier I and total capital ratios improve to 11.41% and 14.43% respectively Liquidity position remains strong with LAR at nearly 40% Following a turbulent year marred by the country […]

May 15, 2023

Operating Income of LKR 11.4Bn, up 52% YoY Profit Before Tax LKR 5.8 Bn , up 124% YoY Profit After Tax of LKR 2.8 Bn, up 77% YoY Total Capital Adequacy Ratio of 18.25%, Liquidity Ratio of 41% Nations Trust Bank PLC reported a strong performance in the first 3 months of […]

May 11, 2023

Ideahub completes four years as the primary digital partner of HNB, Sri Lanka’s largest private-sector commercial bank. Since its appointment in 2019, ideahub has driven and supported the digital transformation of HNB’s retail business. The appointment in 2019 was the culmination of ideahub’s engagement with HNB since 2018, starting with the implementation […]

May 10, 2023

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May, Colombo: Nations Trust Bank successfully concluded two Business Advisory Forums in Batticaloa and Jaffna, to provide business life-cycle management guidance and financial advice to customers in the Commercial Banking segments in the North and East. The initiative supported businesses by demonstrating the best ways to operate a business effectively to optimise […]

May 10, 2023

The Commercial Bank of Ceylon is to award fully-equipped IT labs to the three schools that won the Project RUN competition conducted by Mother Sri Lanka, a non-profit organisation working to advance educational, socio-economic and cultural development via programmes in schools country-wide. The pledge was made at ‘Temple Trees’ where the awards […]

DFCC Bank Delivers Strong Financial Performance Despite Adverse Market Conditions

People Bank’s non-performing loan write-offs

Sri Lanka Insurance enters in to a strategic Bancasurance partnership with Seylan Bank

Sampath Bank maintains a strong value proposition to all its stakeholders amidst ongoing economic challenges.

ComBank Group’s deposits pass Rs 2 Trillion threshold in Q1 amidst challenges

HNB records Rs 6.9 Bn PAT in Q1 2023

Nations Trust Bank PLC delivers a strong 1Q2023, further strengthening Capital Adequacy and Liquidity

Ideahub drives HNB’s digital strategy

Nations Trust Bank hosts Business Advisory Forums in the North and East to offer its expertise to businesses

ComBank awards IT labs to schools that won Mother Sri Lanka ‘Project RUN’ competition