Fitch Ratings has placed the National Long-Term Ratings of 13 Sri Lankan banks on Rating Watch Negative (RWN). The banks are: -People’s Bank (Sri Lanka) (PB) -Commercial Bank of Ceylon PLC -Hatton National Bank PLC -Sampath Bank PLC -National Development Bank PLC -DFCC Bank PLC -Seylan Bank PLC -Nations Trust Bank PLC -Pan Asia Banking.
Fitch Ratings has placed has placed 13 state and private banks in Sri Lanka under watch for possible downgrade (rating watch negative) due to forex shortages in the banking system.
Pan Asia Banking Corporation PLC reported a remarkable performance for the year 2021 to report a Pre-Tax Profit of Rs. 4,034 million and a Post-Tax Profit of Rs.3,075 million with growth rates of 42% and 50% respectively, while demonstrating the resilience amidst challenging macroeconomic conditions
Pan Asia Bank achieves a Post Tax Profit of Rs 2 bn during first 9 months amid challenges – profit for the quarter soars by 89% island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.
Trade Finance Association of Bankers holds AGM for year 2021/2022 island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.