The Commercial Bank of Ceylon has announced that its Rs 10 billion debenture issue closed within hours of opening after it was oversubscribed on opening day, Thursday 1st December 2022, in a noteworthy vote of confidence from investors.
The debentures to the value of Rs 10 billion are being issue
The Commercial Bank of Ceylon Group has posted a strong operational performance in the first nine months as well as in the third quarter despite the continuing adverse effects of macroeconomic variables which have necessitated a tripling of impairment provisions for the nine months ended 30th September 2022 and reduced profits for the quarter as […]
Nations Trust Bank PLC recorded steady performance at the end of 1H2022, achieving Operating Income of LKR 16.6Bn at a year-on-year growth rate of 50%. Despite increased impairments on loans and expected losses on Sovereign Debt Instruments, the Bank recorded a PBT of LKR 4.6Bn and a PAT of LKR 2.7Bn for the 6 months […]
The Hack:AI 2021 Hackathon, powered by SLT-MOBITEL, the National ICT Solutions Provider, successfully concluded recently with the winners showcasing ground-breaking innovative solutions for sustainable living. In the Schools category, Team ‘Calori’ from Gateway College, Colombo emerged the winner, while Team ‘Prostasia’ representing the University of Colombo was adjudged the winner in the University category. Prabhath […]