November 14, 2023
Sampath-Bank.jpg

13min
      Financial Performance , recording a growth of 136.4% and 71.5% respectively against the subdued financial figures reported during the corresponding period in 2022. Key highlights for the period ended 30th SeptemberSampath Bank registered profit before tax (PBT) of Rs 22.0 Bn and profit after tax (PAT) of Rs 12.3 Bn for the […]

August 3, 2023
Chairman-Mr.-Pradeep-Amirthanayagam-LBN.jpg

4min
      People’s Leasing & Finance PLC (PLC) has successfully concluded the financial year 2022/23 with an impressive profit after tax (PAT) of Rs. 3.02 billion. Throughout the year, PLC’s performance exhibited resilience and strength, contributing to this outstanding achievement. Despite challenges in the operating context during the first two quarters, the company’s performance […]

August 15, 2022
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9min
          • Total Operating income doubles to Rs LKR 63.3 Bn • Impairment for 1H exceeds Rs 40 Bn • Net Stage III loan ratio improves to 2.46% • Tier I capital ratio at 11.39% and total capital ratio at 14.54% • Liquid Coverage ratio at 210% well above statutory minimum […]

August 15, 2022
Managing-Director_CEO-Mohamed-Azimeer.jpg

6min
        Amana Bank continued its growth momentum in profit amidst subdued economic conditions, and recorded a growth of 25% in mid-year Profit after Tax to reach LKR 362.0 million in comparison to LKR 289.3 million a year ago. Profit Before Tax stood at LKR 556.9 million compared to LKR 505.7 million posted […]


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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




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