St. Louis Public School Retirement System committed $5 million to ElmTree U.S. Net Lease Fund IV.The $911 million pension fund's board approved the commitment to the value-added real estate fund managed by ElmTree Funds at its Feb. 22 meeting, said Susan Kane, executive director.The pension fund…
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Commercial Leasing & Finance PLC (CLC) delivered a powerhouse financial performance despite the wider economic and industry volatility caused by the COVID-19 pandemic. CLC recorded excellent numbers for the first nine months of the financial year ending 31st December 2020, despite challenging market conditions faced by the Non-Banking Financial Institution (NBFI) industry. Profit Before Tax grew to Rs. 2.3 Bn as at 31st December 2020, over the first nine months of the financial year under review. CLC recorded Profit After Tax of Rs. 1, 922 Mn, reflecting an increase of 65% over the previous year. Cost of funds reduced by 23% while overheads increased by only 3%. The Company’s performance is a result of excellent management of its Non-Performing Loans (NPLs) and cost of funds, while sustaining revenues by maintaining its product mix optimally.
Pulses Splitting and Processing Industry Pvt Ltd (PSPI), a leading grains and pulses splitter and processor in Sri Lanka emerged winner at the recent 28th Annual NCE Export Awards 2020, taking home the Bronze award under the ‘Extra-Large Category’ for Agriculture Value Added Sector. Held by the National Chamber of Exporters of Sri Lanka (NCE), […]
Commercial Bank of Ceylon customers can now settle their credit card outstanding and top-up their Pre-paid cards instantly and conveniently via the ComBank Q+ Payment App, the bank’s card-based payment app.
ComBank credit card and prepaid card payment options have been included in the ‘Bill payment’ menu of the ComBank Q+ Payment App. Any Commercial Bank issued Visa, Mastercard or UnionPay Credit Cards can be settled using the app, free of charge, the Bank said.
Customers have to enter their 16-digit card number to make the payments. Once paid they can add the transaction to their ‘Favourites’ section, so that they will not have to type the card number again in the future.