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HNB Group records a PBT of Rs 3.4 Bn in 1Q 2019

  ▪     Core Banking generates Rs 13 Bn in NII as compared with Rs 10.6 Bn last year ▪     Effective tax rate increases to 58.6% as compared with 43.6% last year Amidst challenging market conditions, Hatton National Bank posted a profit before tax of Rs 3.3 Bn and a profit after...
Posted On 15 May 2019
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DFCC maintains profitability under volatile market conditions

DFCC’s Total Assets grew by LKR 15,652 million to LKR 390,560 million DFCC recorded Tier 1 and total capital adequacy ratios of 10.34% and 15.45% respectively DFCC’s Core Business recorded a PAT increase of 9%.   Profitability Core business of DFCC Bank posted a profit before tax...
Posted On 15 May 2019
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ComBank deposits surpass landmark Rs 1 Trillion in Q1 2019

Gross income grows by 12.86% to Rs 35.501 billion Pays Rs 3.615 billion or 53.13% of operating profit as taxes Economic slowdown, migration to SLFRS 9 push up impairment charges by 68.37% The Commercial Bank Group comprising of the Commercial Bank of Ceylon PLC, its subsidiaries...
Posted On 15 May 2019
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CEAT launches five new tyres for motorcycles

CEAT Kelani Holdings has added five new motorcycle tyres to its portfolio, under the phased execution of the Company’s investments to double its motorcycle tyre manufacturing capacity in Sri Lanka. The new tyres fit rim sizes 17 and 18 and consist of the 3.00-17 Milaze, 3.00-18...
Posted On 15 May 2019
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Mobitel supports musical artists with its premium Master Unlimited Voice + Data Package absolutely free

As the National Mobile Service Provider that stands by its brand promise of ‘caring’, Mobitel remains keenly attuned to the gravity of the recent unfortunate events in the country, which has brought economic activity to a halt for some sections of society. In light of the...
Posted On 15 May 2019
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US $ 70 million loan facility from the IDA of the World Bank to strengthen services of 134 Local Govt. Authorities

The International Development Association (IDA) of the World Bank has provided a loan facility of USD 70 million to strengthen the service provided   by 134 Local Authorities in the Northern, Eastern, North Central and Uva Provinces under the Local Development Support Project...
Posted On 15 May 2019
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Sampath Bank Powers Sri Lanka Duty Free by Dufry with Alipay Payments

Sampath Bank announced its partnership with Dufry – Sri Lanka Duty Free on Alipay payment acceptance. Dufry Duty Free stores located in both the arrival and departure lounges at Bandaranaike International Airport will now be able to accept payments over Alipay, one of the...
Posted On 15 May 2019
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Sisili specialised Medical Services Opens First Ever EECP Treatment Centre in Colombo

Sisili, a leader in the medical field has now launched the HeartAid Centre, the first non-invasive treatment and outpatient management of cardiovascular diseases under the auspicious of Hon. Minister of Health, Nutrition and Indigenous Medicine, Dr. Rajitha Seneratne. With the...
Posted On 15 May 2019