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Finlays enters JV with JKH to develop Vauxhall Street land

From left: Finlays Colombo Limited Director Naresh Ratwatte, Finlays Colombo Limited Chairman and Managing Director Hunter Crawford, John Keells Holdings PLC Property Group President Suresh Rajendra and John Keells Holdings PLC Property Group Sector Head Nayana Mawilmada at the signing of the joint venture agreement

Taint threatens to stain Ceylon Tea

Fifty three tea factories are facing the prospects of having their licences revoked in the near future, after getting caught adulterating tea during a regulatory survey, the Sri Lanka Tea Board said yesterday.

Fitch rates Sampath Bank’s Basel III sub debt final A(lka)

2018-03-02 lankabusinessonline
Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Negative) proposed Basel III compliant subordinated debentures a National Long-Term Rating of ‘A(lka) ‘.

Sampath Bank tops Rs.3.9Bn earnings for Q4

2018-02-20 lankabusinessonline
(PRESS RELEASE) – Sampath Bank, reported earnings of Rs.19.95 a share or Rs.3.9 billion in earnings for the December quarter (4Q17), a 52.5% increase from a year ago.

Sampath Bank becomes first bank to accept Alipay payments in Sri Lanka

2018-02-14 lankabusinessonline
Sampath Bank, one of Sri Lanka’s most innovative banks, has become the first bank in the country to partner with Alipay, the world’s largest online and offline payment platform operated by Ant Financial Services Group.

Election outcome weighs on investor sentiment

The Colombo bourse’s indices ended yesterday’s trading in the red territory with the outcome of Saturday’s local government election weighing on the investor sentiment. (1-0)

Fitch rates Sampath Bank Basel III sub debt A(lka)(EXP)

2018-01-12 lankabusinessonline
Jan 12, 2018 (LBO) – Fitch Ratings has assigned Sampath Bank’s proposed Basel III compliant subordinated debentures an expected National Long-Term Rating of ‘A(lka)(EXP)’.

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. (1-1)

CSE approves Sampath Bank’s Rs6bn Basel III compliant debt issue

2017-12-11 lankabusinessonline
Dec 11, 2017 (LBO) – Colombo Stock Exchange has approved in principle an application for listing the Basel III compliant debt securities of Sampath Bank.

Sampath Bank unveils drive-through ATM at Colombo Super Branch

2017-11-08 lankabusinessonline
In line with its commitment to providing the highest levels of service to its customers, Sampath Bank commissioned a drive-through automated teller machine (ATM) at its Colombo Super Branch premises located at 103, Dharmapala Mawatha, Colombo 07. The ATM was ceremonially unveiled by Mr. Nanda Fernando, Managing Director, Sampath Bank PLC, in the presence of members of the Bank’s Corporate Management, on 7th November. (45-0)

Sampath Bank introduces first Banking Robot in Sri Lanka

2017-10-25 lankabusinessonline
Nanda Fernando, Managing Director, Sampath Bank, performing the first transaction on the humanoid teller banking robot at the Sampath Bank Headquarters Branch in the presence of the members of the Bank’s Corporate Management

US investor community hears strong case for Sri Lanka in New York

2017-10-18 lankabusinessonline
The “Invest Sri Lanka Investor Forum” organized by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with CSE Member Firms, Listed Companies and supported by Asia Securities (Event Sponsor) and the Oxford Business Group (Exclusive Publication Partner) drew a strong interest among the investor community in New York. A Sri Lankan delegation including senior representatives of the CSE, SEC, Stock Broker Firms and Listed Companies attended the Forum to make a collective case on the Sri Lankan capital market as an investment destination.

Fitch rates first Sri Lanka Basel III sub debt; Sampath final A(lka)

2017-10-16 lankabusinessonline
Oct 16, 2017 (LBO) – Fitch Ratings has assigned Sampath Bank’s proposed Basel III-compliant subordinated debentures a National Long-Term Rating of ‘A(lka)’.

Shareholders approve Sampath Bank’s Basel III compliant debt issue

2017-10-06 lankabusinessonline
Oct 06, 2017 (LBO) – Shareholders of Sri Lanka’s Sampath Bank have approved the proposed Basel III compliant debenture issue at the Extra Ordinary General Meeting held today. (15-0)