SMIB announces appointment of new CEO
The State Mortgage and Investment Bank (SMIB), a leading state-owned bank in Sri Lanka with 90 years of history, announced…
Category: Investments
Simplebooks Outlines the Step-by-Step Guided Process in Initiating FDIs in Sri Lanka
As a leading private business registration firm in Sri Lanka, Simplebooks has assisted countless companies to set up and grow…
Banking Sector Lending Rates Hints a Comeback While Deposit Rates Continues to Fall
Sri Lanka’s banking sector’s Average Weighted Prime Lending Rate (AWPR) reached a new monthly high of 5.86 percent at-end April…
BIS launches second green bond fund for central banks
The Bank for International Settlements (BIS) has launched a euro-denominated, open-ended fund for green bond investments by central banks and…
Sri Lanka’s Banks are unlikly to return to Pre-covid proftiability levels in 2021
Sri Lanka’s Banks are unlikly to return to Pre-covid proftiability levels next year, Fitch Ratings said in a special report.…
Sri Lanka to introduce new laws to protect investments
Sri Lanka’s President Gotabaya Rajapaksa vowed to bring in new laws to protect both local and foreign investors as the…