Users of mobile phones from the popular Huawei brand can now directly download ‘ComBank Digital’ – Commercial Bank’s single omni-channel digital banking application free of charge from the Huawei AppGallery, the Bank has announced. ‘ComBank Digital’ was launched in 2020 and is fully compatible with both iOS and Android operating systems, and complies with international […]
The People’s Bank has been removed from the blacklist of the Economic and Commercial Office of the Chinese Embassy in Sri Lanka, the Bank announced yesterday. On the 9th of January 2022, the People’s Bank of Sri Lanka had informed the Chinese Embassy in Sri Lanka of its request to be taken off the blacklist […]
International reserve management of a central bank is a dynamic and technical process which is usually designed to ensure that a country’s foreign assets are readily available and controlled to achieve a defined range of objectives. Accordingly, the adoption of appropriate reserve management policies relating to the asset composition, currency mix, liquidity needs, tenor, profitability, […]
Impairment provisioning also noticed a significant drop of 41.9% YoY ComBank is expected to keep up the positive momentum in its loan book while maintaining growth within a range of 11% – 12% in the coming years, according to the Bank’s earnings update released by First Capital Research. “Commercial Bank of Ceylon plc., has posted […]
Hutchison Telecommunications Lanka (Private) Limited (“Hutch”) and its infrastructure partner edotco Services Lanka (Private) Limited (edotco) have launched an Open-RAN trial in order to further reduce the ‘cost of GB data’, and thereby passing the cost benefit to its customers. The trial Open-RAN site was deployed at Polatthapitya in the Kurunegala District. Traditional mobile radio […]