Fitch Ratings has upgraded Bank of Ceylon's (BOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CC' from 'RD' (Restricted Default). The rating does not carry an Outlook because of the high volatility at this rating level, in line with Fitch's rating definitions. At the same time, Fi
Sri Lanka’s premier private sector bank HNB PLC recently signed a Memorandum of Understanding (MoU) with PPOD Consultancies, a premier people and process assessment consultancy firm in Sri Lanka, to provide its SME customers with capacity development and consultancy in running key business functions. The exclusive partnership enables HNB’s SME clientele to access much-needed consultation.
Siyapatha Finance stands confident despite economic setbacks, reporting an outstanding performance during the first quarter of 2022 with favourable returns and increased revenue.The Company recorded a Profit Before Tax (PBT) of Rs.608.0 Million in 1Q 2022 compared to Rs.395.9 Million in 1Q 2021, a growth of 53.6%. Resilient performance and improved credit quality helped strengthen the Company’s […]
Hatton National Bank, PLC (HNB), Sri Lanka’s premier private sector bank, renewed its long-standing partnership with DIMO Agribusinesses, the agricultural arm of DIMO, Sri Lanka’s leading diversified conglomerate. Through this partnership, HNB and DIMO will offer their mutual customers an extensive list of discounts and facilities inclusive of low-interest rates, flexible repayment schemes, and exclusive […]