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NDB Bank 1Q25 profit climbs on reduced impairments, loan growth

Srilanka, May 15 -- National Development Bank PLC (NDB) reported a 168 percent year-on-year (YoY) jump in the first quarter net profit to Rs.1.9 billion, supported by lower impairment charges and stea... Read More


ComBank closes in on Rs.3tn asset mark with strong 1Q25 performance

Srilanka, May 15 -- Commercial Bank of Ceylon Group made a characteristically strong start to 2025, recording a healthy profit and balance sheet growth in the first quarter of the year. Comprising of... Read More


MBSL sets ambitious target to grow balance sheet to Rs.50bn by 2026

Srilanka, May 15 -- Merchant Bank of Sri Lanka & Finance PLC (MBSL), a subsidiary of Bank of Ceylon, has set an ambitious objective to increase its balance sheet to Rs.50 billion by 2026, following a ... Read More


Indices record the largest daily gain in 4 weeks

Srilanka, May 15 -- The ASPI closed in green as a result of price gains in counters such as Hatton National Bank, Central Finance Company and Commercial Bank with the turnover crossing Rs. 3.3 Bn. A s... Read More


Sri Lanka - China Trade & Investment Forum to welcome high-level delegation

Sri Lanka, May 15 -- A high-level Sri Lanka-China Trade and Investment Forum will be held in Colombo on May 30, hosted by The Ceylon Chamber of Commerce and the Department of Commerce of Sri Lanka, to... Read More


Auction yields hold ground; market kicks off with fresh buying

Srilanka, May 15 -- The Central Bank conducted its weekly T-bill auction yesterday, raising Rs.173.0 billion, in line with the initial offering, whilst of this, Rs.111.1 billion was raised via the 12-... Read More


Agalawatte Plantations welcomes Manoj Udugampola to director board

Srilanka, May 15 -- Agalawatte Plantations announce the appointment of Manoj Udugampola to its Board of Directors, effective from 08/05/2025. With over 33 years of service in the plantation industry... Read More


LIC Lanka secures Rs. 2000mn capital infusion from parent company

Srilanka, May 15 -- LIC (Lanka) Ltd announced that it has secured Rs.2000 million in capital infusion from its parent company LIC of India. Life Insurance Corporation (Lanka) Ltd is a joint venture ... Read More


Monik launches world renowned Walton brand in Sri Lanka

Srilanka, May 15 -- Leading microfinance provider Monik Group of Companies introducing its latest venture to the public, announced the launch of the world-renowned Walton brand of home appliances and ... Read More


Amana Bank upgrades Akurana branch

Srilanka, May 15 -- Amana Bank recently relocated its Akurana branch to Matale Road, offering customers a larger and more convenient space to experience improved banking services. The opening ceremon... Read More