Company Overview and News

USAID partners with local banks to increase lending for small businesses

2018-09-07 lankabusinessonline
Sept 07, 2018 (LBO) – US Agency for International Development (USAID) has partnered with Sri Lankan banks to announce nine million US dollars worth financing program for micro, small and medium-sized enterprises (MSMEs).

JKH’s Gihan Cooray to Chair Nations Trust Bank

2018-08-30 lankabusinessonline
August 30, 2018 (LBO) – John Keells Holdings (JKH) Group Finance Director Gihan Cooray is set to take over as Chairman of Nations Trust Bank from December 1, 2018.

63 remarkable women from Sri Lanka & Maldives recognized at Career Awards

2018-08-08 lankabusinessonline
• ‘Top 50’ Professional and Career Women Awards 2018 take inspiring stories of Sri Lankan women to the world • 63 remarkable women from Sri Lanka and Maldives recognized with Gold and Silver awards

Central Bank sees 2018 economic growth at 4%

The Central Bank has revised down the economic growth forecast for this year to 4 percent from the initial growth forecast of 5 - 5.5 percent at the beginning of the year, as the economic growth in the first half of the year is expected to have moderated to 3.4 percent. The International Monetary Fund (IMF) had also earlier forecasted a 4 percent economic growth for the island nation in 2018,while the World Bank had projected the economy to grow at 4.

Central Bank keeps policy rates steady

The Monetary Board of the Central Bank of Sri Lanka yesterday decided to maintain policy interest rates at their current levels amidst monetary policy tightening in the United States and other major economies, strengthening of the US dollar, pressures on currencies of many emerging market economies and escalating trade tensions.

Sampath Group pre-tax profit exceeds Rs10Bn for first half of 2018

2018-08-03 lankabusinessonline
(PRESS RELEASE) – Sampath Bank’s Group pretax profit for the first half of the year exceeded Rs 10.3 Bn (28.2% growth) while Sampath Bank recorded a pre-tax profit of Rs 9.9 Bn for the same period. This registered a YoY growth of 28.1% in comparison to the first half of 2017. Profit after tax of the Bank too grew by 19.9% and reached Rs 6.8 Bn for the first half of 2018. Sampath Group, also posted a post-tax profit growth of 20.

Moody’s affirms ratings of BOC, HNB & Sampath; maintains negative outlook

2018-07-26 lankabusinessonline
July 26, 2018 (LBO) – Moody’s Investors Service has affirmed the local currency deposit ratings of Bank of Ceylon (BOC), Hatton National Bank Ltd. (HNB) and Sampath Bank PLC at B1/NP.

NDBIB Wins Euromoney crown for seventh consecutive year

2018-07-26 lankabusinessonline
NDB Investment Bank (NDBIB)cemented its position as the market leader and premier Investment Bank in the country by being awarded as ‘Sri Lanka’s Best Investment Bank 2018’ by Euromoney Magazine.

Sampath Bank judged Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’

2018-07-09 lankabusinessonline
Sampath Bank was recognized as Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’for the 5th consecutive year at the prestigious World Finance Banking Awards awarded by UK based World Finance magazine.

World Finance Banking Awards recognize Sampath Bank as Best Commercial Bank

2018-07-09 lankabusinessonline
Sampath Bank was recognized as Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’ for the 5th consecutive year at the prestigious World Finance Banking Awards awarded by UK based World Finance magazine. Continuing to win accolades both within the island and around the world, the Bank has reigned supreme at this forum, bringing home the two awards, consistently, ever since 2014.

Sri Lanka-Finland economic ties get big boost

From right: Telecommunication and Digital Infrastructure Ministry Secretary Wasantha Deshapriya and Finland Economic Affairs and Employment Deputy Minister Petri Peltonen sign MoU on digitalization

Fitch revises Sampath Bank outlook to stable from negative; affirms A+(lka)

2018-06-13 lankabusinessonline
Jun 13, 2018 (LBO) – Fitch Ratings has affirmed the National Long-Term Rating of Sampath Bank at A+(lka) and revised the outlook to stable from negative.

Sampath Bank Marches towards Vision 2020 with Sampath Stars

2018-06-06 lankabusinessonline
Sampath Bank recommitted itself to offering technology driven, world class financial services to Sri Lankan consumers and businesses at an awe-inspiring event titled “Towards Vision 2020 with Sampath Stars” held at the Hilton Colombo, recently.

HNB arranges Rs.5.4bn syndicated loan to fund ODEL Mall

From left: Softlogic Holdings PLC Corporate Finance and Treasury Head Hiran Perera, HNB PLC Deputy General Manager Corporate Banking Ruwan Manatunga, Softlogic Holdings PLC Chairman and Managing Director Ashok Pathirage, Sampath Bank PLC Senior Deputy General Manager Corporate Banking Shashi Jassim and Bank of Ceylon PLC Deputy General Manager Corporate Banking and Offshore Banking Russel Fonseka

Lankan banks sit on Rs.19bn capital hole as sector braces for BASEL III

The Sri Lankan banks satisfy many of the key matrices such as growth, profits, efficiency and asset quality against most regional peers but the sector is in deep thirst for fresh capital as the banks brace for full implementation of BASEL III as early as in few months.

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Silicon Investor Message Boards

This table lists all message boards related to CSE:SAMP / SAMPATH BANK PLC on message board site Silicon Investor.

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