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Sri Lankan Banks to Step up Basel III Tier 2 Issuance: Fitch

2018-01-08 lankabusinessonline
Jan 08, 2018 (LBO) – Sri Lankan banks are likely to significantly boost issuance of Basel III-compliant Tier 2 instruments in 2018, says Fitch Ratings. (1-0)

Colombo Stock Exchange appoints Dilshan Wirasekara as a Board Director

2017-12-11 lankabusinessonline
The Colombo Stock Exchange (CSE) announces the appointment of Mr. Dilshan Wirasekara as a Director of the CSE Board with effect from 21st November 2017. Mr. Wirasekara is an investment banker and the Director/Chief Executive Officer of First Capital Holdings PLC. He is an experienced professional with a career spanning over 22 years, comprising diversified expertise in financial services including, treasury and investment management, capital market strategy and corporate finance advisory.

Aitken Spence bags Best Corporate Citizen Sustainability Award 2017

2017-11-29 lankabusinessonline
Nov 29, 2017 (LBO) – Aitken Spence won the coveted ‘Best Corporate Citizen Sustainability Award 2017’ an annual event organized by the Ceylon Chamber of Commerce, the country’s premier business chamber to recognize sustainable champions of the local corporate world.

JKH to fully subscribe its entitlement of NTB rights issue

2017-11-06 lankabusinessonline
Nov 06, 2017 (LBO) – Sri Lanka’s diversified conglomerate John Keells Holdings said it will fully subscribe to its entitlement of the proposed rights issue of Nations Trust Bank (NTB).

Sri Lanka’s Nations Trust Bank Establishes Innovation Lab

2017-10-25 lankabusinessonline
(PRESS RELEASE) – Sri Lanka’s first innovation centre in the financial services sector has recently been launched by Nations Trust Bank, as part of their on gong commitment to bringing futuristic solutions and customer experiences to the industry. (45-1)

Fitch Affirms Five Small and Mid-Sized Sri Lankan Banks

2017-10-03 lankabusinessonline
(PRESS RELEASE) – Fitch Ratings-Colombo-03 October 2017: Fitch Ratings Lanka has affirmed the National LongTerm Ratings on five small and mid-sized Sri Lankan banks. The banks are:

Fitch affirms five small and mid-sized Sri Lankan banks

2017-10-03 lankabusinessonline
Oct 03, 2017 (LBO) – Sri Lanka’s Fitch Ratings has affirmed the National Long-Term Ratings on five small and mid-sized Sri Lankan banks.

Sri Lanka’s Nations Trust Bank to issue listed debt

2017-09-28 lankabusinessonline
Sep 28, 2017 (LBO) – Sri Lanka’s Nations Trust Bank is to issue listed rated unsecured subordinated redeemable debentures worth 3.5 billion rupees to meet BASEL III requirements.

Finance income boosts JKH 1Q as key business hit by poor consumer demand

The interim results released by John Keells Holdings PLC (JKH) for the June quarter proved that even the country’s largest conglomerate in terms of market value is not immune to the headwinds in the economy.

Nations Trust Bank American Express rewards Card member

2017-07-21 lankabusinessonline
(PRESS RELEASE)  – Nations Trust Bank American Express Cardmembers were given the opportunity to win an all-expense paid journey around the country with its latest promotion ‘Explore Sri Lanka’.

New reality for banking landscape is disruption: Dr Nandalal at BankTech Asia

2017-03-21 lankabusinessonline
Leading international conference BankTech Asia organised by Knowledge Group launched its inaugural event at Taj Samudra, officiated by Dr Nandalal Weerasinghe, Deputy Governor of Central Bank of Sri Lanka today. On the first day of this two-days event, a wide range of topics were discussed extensively including; Financial Inclusion, Robotic Process Automation, Big Data and Mobile Wallets. 

MullenLowe moves Sri Lanka operations to ultramodern office

2017-01-10 lankabusinessonline
MullenLowe Sri Lanka, the local office of the MullenLowe network – a member of the Interpublic Group (IPG), will formally unveil its ultra-modern office at 125, Kynsey Road, Colombo – 7, on the 19th of January under the patronage of Hon. Eran Wickramaratne – Deputy Minister of Public Enterprise Development and Member of Parliament (MP) – Chief Guest, Mr. Joseph George – Regional President, South & South East Asia and Group Chairman and CEO, MullenLowe Lintas Group and the regional team.

ICICI Bank Joins Sri Lanka’s LankaPay Common ATM Network

2017-01-02 lankabusinessonline
(PRESS RELEASE) – ICICI Bank, India’s largest private sector bank by consolidated total assets, recently joined ‘LankaPay Common ATM Network’, the national payment network that facilitates high quality electronic financial services at affordable prices in a secure, reliable and convenient manner to all in Sri Lanka. This marks a definitive step towards enriching customer experience. The partnership with LankaPay Common ATM Network brings in synergies that provide unparalleled convenience to ICICI Bank customers by providing them with the ability to access their accounts from over 3750 ATMs island wide free of charge.

YMF Successfully conducts the Interactive Session – “Success Story – Commemorating Triumphs”

The Young Members Forum of the Ceylon Chamber of Commerce successfully conducted an interactive Discussion on the topic “Success Story – Commemorating Triumphs” at the Hilton Colombo Residences last week. Young entrepreneurs such as Messer’s Dulith Herath – CEO, Kapruka.Com, Uditha Chandimal – COO / Director, Creative Minds and Ms. Shahani Markus – Founder of EmoJot Inc, shared their business startup story at the session.

Fitch Rates Nations Trust Bank’s Subordinated Debt Final ‘A- (lka)’

2016-10-20 lankabusinessonline
(PRESS RELEASE) – Fitch Ratings-Colombo-19 October 2016: Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB: A(lka)/Stable) issue of subordinated debentures of up to LKR5bn a final National LongTerm rating of ‘A-(lka)’.