This has led to rating compression at ‘AA-(lka)’ on the national scale. We have six banks rated at this level: Bank of Ceylon (BOC), People’s Bank (Sri Lanka), Commercial Bank of Ceylon PLC (CB), Hatton National Bank PLC (HNB), Sampath Bank PLC and Cargills Bank Limited (...
which has been on the cards since 2014 when the Central Bank of Sri Lanka (CBSL) announced its 'Master Plan for the Consolidation of the Financial Sector'. It led to several banks acquiring FLC subsidiaries in 2014 and 2015, including the acquisition of ...
Sri Lanka: Banks Superficially Stable, But Still Constrained.The article focuses on the banking industry in Sri Lanka as viewed by Business Monitor International Ltd. It is believed that the sector is still underdeveloped due to its low levels of loans and total assets. The levels of ...
Banking remains Sri Lanka’s most valuable sector, with the 19 brands featuring in the ranking accounting for an impressive 43% of the total brand value. Overall brand value for the sector is up by 2% this year. There were mixed results across the sector, however, with some brands losing ...
Sri Lanka’s Top 100 Brands Showcase Resilience with overall stable Brand Value. Total value of Sri Lanka’s top 100 brands increased by 1% over the course of 2021 Dialogremains Sri Lanka’s most valuable brand for the 4th consecutive year with brand value of LKR. 54.0 billion and AAA bra...
“The relative strengths and ranking of these banks could differ should there be stress on the sovereign, based on their different direct and indirect exposures to the sovereign.” Sri Lanka also started a credit facility using central bank re-finance (printed money) in 2020 to help Coronavir...
BrownHannahLancetBrown, H. (2005) `World Report: Sri Lanka Banks on Sustaining Initial Success'. The Lancet 365(282).
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The index is compiled by Transparency International after surveying business people and analysts both in and out of each country.While Sri Lanka’s ranking has improved from 2007 to 2008(the latest edition) the score remains the same at 3.2. Scores range from 10 (highly clean) down to 0 (...
COLOMBO, June 6 (Xinhua) -- Sri Lanka's central bank on Tuesday instructed government banks to accept Qatari riyals after some banks at the country's main international airport refused to do so. The Central Bank of Sri Lanka categorically denied reports earlier in the day which stated that ...