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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)

Sampath Bank funds mega hotel development project in Myanmar

2017-10-06 lankabusinessonline
Sampath Bank PLC, a pioneer in introducing revolutionary financial solutions with a strong footing in the Sri Lankan market, announced that it had successfully concluded a loan transaction with Yangon based hotel developer Family Business Group Hotel Limited (FBGHL), Myanmar.

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

2017-09-19 lankabusinessonline
Sep 19, 2017 (LBO) – Fitch Ratings has assigned Sri Lanka Sampath Bank’s proposed Basel III compliant subordinated debentures an expected National Long-Term Rating of ‘A(lka)(EXP)’.

CSE and SEC to host next Invest Sri Lanka Forum in New York

2017-09-13 lankabusinessonline
(PRESS RELEASE) – 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 and leading Listed Companies will be held on16th October 2017 at the SofitelNew York. The Forum is organized with the objective of promoting investment in the Sri Lankan capital market among US based institutional investors and a strong interest among the investor community in the US is expected.

CSE and SEC to host next Invest Sri Lanka Forum in New York

2017-09-13 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 and leading Listed Companies will be held on 16th October 2017 at the Sofitel New York. The Forum is organized with the objective of promoting investment in the Sri Lankan capital market among US based institutional investors and a strong interest among the investor community in the US is expected.

Sri Lanka’s Sampath Bank surpasses Rs.5Bln in post-tax profit

2017-08-07 lankabusinessonline
(PRESS RELEASE) -Sampath Bank further extended its growth momentum in the 2nd quarter of the year and recorded a post-tax profit of Rs 5.7 Bn for the six months ended 30th June 2017.

Sampath Bank to raise Tier 1 capital with Rs7.6bn rights issue

2017-07-28 lankabusinessonline
July 28, 2017 (LBO) – Sri Lanka’s Sampath Bank is to raise 7.6 billion rupees by way of a rights issue, the company said in a stock exchange filing.

Commercial Bank, Sampath Bank offer real-time Customs payments

2017-07-25 lankabusinessonline
July 25, 2017 (LBO) – Commercial Bank of Ceylon PLC and Sampath Bank PLC together have announced the introduction of real-time, online payments to Sri Lanka Customs through their respective online banking platforms.

10 Sri Lankan Finance Companies ratings affirmed : Fitch

2017-07-24 lankabusinessonline
July 24, 2017 (LBO) –  Fitch Ratings, a credit ratings agency, has affirmed the long-term issuer default ratings (IDRs) of ten local finance companies, a statement said.

Commercial Bank, Sampath Bank pioneer real-time online customs payments

2017-07-24 lankabusinessonline
Commercial Bank of Ceylon PLC and Sampath Bank PLC together announced the introduction of real-time, online payments to Sri Lanka Customs through their respective online banking platforms. Having received all necessary regulatory approvals, the two leading private banks are the first to go live with this service.

SL Customs becomes fully automated with new online payment platform

2017-07-21 dailymirror.lk
Finance State Minister Eran Wickramaratne launching the SL Customs online payment platform. Others in the photo from left: LankaClear Chairman Anil Amarasuriya, SL Customs DG Chulananda Perera and Central Bank Governor Dr. Indrajit Coomaraswamy

Sampath Bank to raise Rs6bn in listed debt; Deshal resigns

2017-06-30 lankabusinessonline
June 30, 2017 (LBO) – Sri Lanka’s Sampath Bank plans to raise as much as 6 billion rupees from a sale of debentures which will be quoted on the Colombo Stock Exchange.

Siyapatha Finance to raise Rs1bn in listed debt

2017-06-29 lankabusinessonline
June 29, 2017 (LBO) – Sri Lanka’s Siyapatha Finance is planning to raise as much as one billion rupees from a public offer of debentures which will be quoted on the Colombo Stock Exchange.

Sampath Bank named Most Innovative Bank at LankaPay Awards

2017-06-26 lankabusinessonline
Seen here – (from left) Channa De Silva, General Manager / Chief Executive Officer, LankaClear Ltd.; Anil Amarasuriya, Chairman, LankaClear Ltd.; Dr. Indrajit Coomaraswamy, Governor, Central Bank of Sri Lanka; Ajith Salgado, Chief Information Officer (CIO), Sampath Bank PLC and Rajendra Ranasinghe, Assistant General Manager - IT Business Development, Sampath Bank

Commercial Bank leads Sri Lanka’s SME financing in 2016

2017-06-15 lankabusinessonline
June 15, 2017 (LBO) – Sri Lanka’s SME sector has been injected with 719 billion rupees by both state and private sector banks in 2016, with Commercial Bank of Ceylon leading such lending with 273 billion rupees.

Govt. opens accounts to facilitate cash donations to help disaster victims

2017-05-31 lankabusinessonline
As inquiries are being received from the local and foreign donors to contribute in cash to the recent natural disaster relief activities, the government has opened special bank accounts to facilitate such cash donations.

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. 

Sri Lanka’s Sampath Bank profits surge 67-pct in Dec quarter

2017-02-14 lankabusinessonline
Feb 14, 2017 (LBO) – Shareholder profits at Sri Lanka’s Sampath Bank group surged 67 percent to 2.56 billion rupees in the December quarter from a year earlier, interim accounts showed.

Fitch affirms nine Sri Lankan banks, revises sector outlook to negative from stable

2017-01-13 lankabusinessonline
Jan 13, 2016 (LBO) – Fitch Ratings, a credit ratings agency has affirmed the long-term issuer default ratings (IDRs) of nine local banks and revised its sector outlook to negative from stable, a statement said.

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.

Sampath Bank honoured with 4 accolades at National Business Excellence Awards

2016-12-23 ft.lk
Sampath Bank PLC was feted as the winner in the Banking Sector category at the National Business Excellence Awards (NBEA) 2016 organised by the National Chamber of Commerce. The prestigious event was held on 30 November at the Colombo Hilton Grand Ballroom. The National Business Excellence Awards is an annual award competition that recognises business enterprises, which demonstrates excellence in corporate governance, capacity building, performance management, global and local market reach, corporate social responsibility and environmental sustainability, business and financial results in business.

Reserve outflows ring alarm bells

2016-12-07 dailymirror.lk
From left: Sampath Bank PLC Director Deshal de Mel, Thomson Reuters Client Specialist Ritika Siddavaram, Frontier Research CEO Amal Sanderatne and Capital Alliance Chief Strategy Officer Purasisi Jinadasa Pic by Kushan Pathiraja

Hayleys wins ‘Best Corporate Citizen Sustainability Award 2016’

2016-11-25 dailymirror.lk
Hayleys PLC Chairman/CEO Mohan Pandithage receiving the award from Central Bank Governor Dr. Indrajit Coomaraswamy Pic by Damith Wickramasinghe