Sampath Bank PLC, third largest private bank in Sri Lanka, announced the appointment of Mr. Prabhash Subasinghe to its Board of Directors, effective from December 1, 2023. This decision, ratified during the board meeting on November 30, 2023, was made under the recommendation of the Board Nominations and Governance Committee, following the necessary regulatory approvals,.
Fitch Ratings has affirmed Bank of Ceylon’s (BOC) Long-Term Local-Currency Issue Default Rating (IDR) at ‘CCC-‘ and removed it from Rating Watch Negative (RWN). The Outlook is Stable. At the same time, Fitch has affirmed the National Long-Term Ratings of the following banks, removed them from RWN and assigned Stable Outlooks: – BOC at ‘A(lka)’.