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(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: (0-2)
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. (0-3)
Feb 20, 2017 (LBO) – Sri Lanka’s Sanasa Development Bank by way of a private placement has received 510.65 million rupees from International Finance Corporation (IFC) for the proposed fund raising of the Bank.
Fitch Ratings Lanka has downgraded Pan Asia Banking Corporation PLC’s (PABC) National Long-Term Rating to ‘BBB-(lka)’ from ‘BBB(lka)’. The Outlook is revised to Stable from Negative. The agency has also revised the Outlook on the National Long-Term Rating of Union Bank of Colombo PLC (UB) to Positive from Stable, and affirmed its rating at ‘BB+(lka)’. The National Long-Term Ratings on Nations Trust Bank PLC (NTB), SANASA Development Bank PLC (SDB) and Amana Bank PLC (Amana) have been affirmed with a Stable Outlook.
Oct 17, 2016 (LBO) – Sri Lanka Fitch has downgraded Pan Asia Banking Corporation’s (PABC) National Long-Term Rating to ‘BBB-(lka)’ from ‘BBB(lka)’ and confirmed ratings of four small, mid-size banks, a statement said.
SANASA Development Bank PLC recently unveiled its new logo as an important aspect of its restructuring programme. The bank has taken several measures recently to make important changes within the institution in order to provide a wider range of services to the public. The bank has pointed out that this step was taken in order to better reflect its new corporate identity, and that as a result the operations of the bank would be further strengthened.
The SANASA Development Bank a pioneering financial institution founded on supporting the grassroots levels of Sri Lanka just celebrated its 19th anniversary. Sanasa which begun operations in August 1997 as a licensed specialized bank approved by the Central Bank of Sri Lanka and the Ministry of Finance, has since made a significant contribution towards improving the lives of thousands of people.
Merchant Bank of Sri Lanka (MBSL) has signed for Fiserv’s Signature back office system and the Teller front-end solution.
Foreign Minister of Canada Stephane Dion said that Canada would provide every possible assistance to the steps taken by the government of President Maithripala Sirisena to strengthen democracy, the rule of law, reconciliation and economic development.
Address by Canadian Minister of Foreign Affairs Stéphane Dion on the occasion of a joint press conference with Sri Lankan Minister of Foreign Affairs Mangala Samaraweera
May 27, 2016 (LBO) – The World Bank Board of Executive Directors completed a five-day visit including site inspections on work being implemented under the Bank supported projects in the island.