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…
Janashakthi Foundation partners with CEPA and YUMA Foundation to produce Sri Lanka’s first Trilingual Inequality Research Report
Janashakthi Foundation, the Philanthropic arm of Janashakthi Group, partnered with the Centre for Poverty Analysis (CEPA) and YUMA Foundation, to…
DhanaMaga – Financial education is just a click away!
Asia Securities champions financial inclusion in Sri Lanka with a free, trilingual, short video-based Financial Literacy initiative First-ever comprehensive private…
Alliance Finance Company PLC secures USD 10 Mn Netherlands’ FMO in long term financing
Sri Lanka’s oldest finance company, Alliance Finance Company PLC (AFC), has received the second tranche of USD 5 Mn from…
Singer wins Retail Brand of the Year for the second consecutive time at Global Banking and Finance Review Awards 2021
Singer (Sri Lanka) PLC, the country’s premier consumer durables retailer was recently bestowed with the coveted “Retail Brand of the…
Class of COVID-19: Next generation of bankers fear for future
(Reuters) : It wasn’t the introduction to high finance that Adi Patel had once anticipated. The stage fright of walking…
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…
Basel Committee proposes amendments to rules on haircut floors for securities financing transactions
The Basel Committee on Banking Supervision has published for consultation two technical amendments to the standard on minimum haircut floors for…
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…