Mercantile Investment and Finance’s Rs. 1 b listed debentures assigned BBB+/P2

Published : 1:00 am  May 21, 2013  |  Category: Financial Services  |  Leave a Comment  |  1,109 views  |  

RAM Ratings Lanka has reaffirmed Mercantile Investments and Finance PLC’s (MIF) respective long and short-term financial institution ratings at BBB+ and P2. Concurrently, the company has been assigned respective long and short-term ratings of BBB+ and P2 to the company’s proposed Rs. 1 billion Senior Unsecured Listed Debentures (2013/2018). Both long-term ratings carry a stable outlook.  Read More →


Secondary markets stagnant ahead of weekly Treasury bill auction

Published : 1:00 am  May 21, 2013  |  Category: Financial Services  |  Leave a Comment  |  447 views  |  

By Wealth Trust Securities Activity in secondary bond markets dried up yesterday ahead of today’s weekly Treasury bill auction. At today’s auction a total amount of Rs. 15 b is on offer with Rs. 1 b on the 91 day, Rs. 3 b on the 182 day and Rs. 11 b on the 364 day bills respectively.  Read More →


The Finance unveils modernised Matara Branch

Published : 1:00 am  May 21, 2013  |  Category: Financial Services  |  Leave a Comment  |  1,033 views  |  

The Matara branch of The Finance Company, which was established in 1978, celebrates 35 years of business excellence in the community by unveiling its modernised premises to the public. As the first non bank finance company to enter the city and having built a reputation on being a trusted household name in financial services, the Matara Branch has been able to win the confidence of the community it has catered for.  Read More →


Commercial Bank felicitated as an exemplary corporate citizen by Colombo Municipal Council

Published : 12:58 am  May 21, 2013  |  Category: Financial Services  |  Leave a Comment  |  1,065 views  |  

Commercial Bank has been felicitated once again as a top corporate citizen, this time by the Colombo Municipal Council (CMC) for being the most punctual taxpayer in Colombo for the past five years consecutively.  Read More →


American Express ties up with Anything.lk to give Cardmembers additional savings

Published : 12:58 am  May 21, 2013  |  Category: Financial Services  |  Leave a Comment  |  1,121 views  |  

American Express the credit card acquired and issued in Sri Lanka solely by Nations Trust Bank PLC partnered with Anything.lk to offer their valued card members an additional 10% savings for purchases over Rs. 1000 when they shop at www.anything.lk from 15 May onwards. What’s more, customers who purchase for over Rs. 10000 can enjoy up to 12 months extended settlement plans by simply calling the American Express hotline on 4414141 upon completing their purchases.  Read More →


Allianz Lanka completes 1Q with strong financials

Published : 12:57 am  May 21, 2013  |  Category: Financial Services  |  Leave a Comment  |  629 views  |  

Allianz continued its upward growth trajectory in the first quarter of 2013, achieving a profit before tax of Rs. 85 million, a 5% increase over last year. The non-life company generated a GWP of Rs. 532.2 million during the period, which is a 14% increase over the first quarter of 2012, of this GWP, 63% was contributed from the fire segment whist the motor segment showed the highest growth for the quarter.  Read More →


Standard Chartered’s micro finance recipients speak out

Published : 12:00 am  May 20, 2013  |  Category: Financial Services  |  Leave a Comment  |  404 views  |  

Standard Chartered’s micro financing facilities, financial literacy and enterprise mentoring initiatives in Jaffna, the bank’s contribution to the Government’s ‘Uthuru Wasanthaya’ program in the North for the rehabilitation and development, has already reached out to 50 of the targeted 200 women left widowed by the 30-year civil war and families affected by the conflict.  Read More →


Central banks saved world economy, now beware the fallout: IMF

Published : 12:00 am  May 20, 2013  |  Category: Financial Services  |  Leave a Comment  |  329 views  |  

WASHINGTON (Reuters): Central banks got it right when they saved the world economy, but their unprecedented actions risk disruptive cross-border spill-overs and potentially heavy losses when the time comes to reverse course, the IMF said last week.  Read More →


Experience the world with HSBC Premier

Published : 12:00 am  May 20, 2013  |  Category: Financial Services  |  Leave a Comment  |  580 views  |  

HSBC Premier keeps gaining momentum as a global product with its versatile features and exclusive services that go beyond boundaries, for the global minded customer. As the demand for HSBC Premier continues to grow in Sri Lanka, HSBC has taken a more personal approach to managing the immediate lifestyle needs of its customers and thus introduced an enhanced concierge service.  Read More →


Global securities regulatory agencies meet this week

Published : 12:00 am  May 20, 2013  |  Category: Financial Services  |  Leave a Comment  |  337 views  |  

By Lakmal Sooriyagoda The global securities regulatory agencies that aim to establish and maintain worldwide standards for efficient, orderly and fair markets will conduct their mid-year consultative meeting in Toronto Canada from 21 to 23 May, 2013. The Sri Lanka Securities and Exchange Commission will represent by its Commissioner Dr. Prathiba Mahanamahewa. This year’s two-day program will cover the International Organisation of Securities Commission (IOSCO) principles relating to firm supervision, inspections and enforcement securities markets.  Read More →


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