Thursday 17th April 2014

Buying interest keeps secondary market Treasury yields flat

Published : 11:08 am  November 5, 2012  |  Category: Financial Services  |  Leave a Comment  |  136 views  |  

Buying interest towards the latter part of the week, mainly on the five-year bond, kept secondary market Treasury yields flat even as the weighted averages on the weekly Treasury bill auction increased across the board by 2 bp, 7 bp and 8 bp respectively on the 91-day, 182-day and 364-day bills to levels of 10.68%, 11.97% and 12.56%.  Read More →


India’s new stock exchange to launch when 350 members get connected

Published : 12:03 am  November 5, 2012  |  Category: Financial Services  |  Leave a Comment  |  290 views  |  

  Reuters: MCX-SX, India’s new stock exchange, will formally launch trading in equity, equity futures and options and other segments once it gets 350 trading members connected to its systems, according to a statement issued on Friday.  Read More →


AG Palitha Fernando to address APB

Published : 12:03 am  November 5, 2012  |  Category: Financial Services  |  Leave a Comment  |  245 views  |  

  The Association of Professional Bankers of Sri Lanka is to host an evening lecture themed ‘Bankers’ contribution towards a law abiding society,’ featuring Attorney General Palitha Fernando as the presenter.  Read More →


CBSL injects term funds for a third time in one month

Published : 1:43 am  November 2, 2012  |  Category: Financial Services  |  Leave a Comment  |  371 views  |  

The Open Market Operations (OMO) department of Central Bank conducted its third successful term reverse repo auction within a period of one month yesterday, as it injected an amount of Rs 8 Bn valued for today at a weighted average of 9.86% for a period 31 days. In addition it injected a further Rs 4.5 Bn on an overnight basis yesterday at a weighted average of 9.72% for the first time in ten days  Read More →


Commercial Bank’s DotCom reaches out to youth with new outlook

Published : 1:43 am  November 2, 2012  |  Category: Financial Services  |  1 Comment  |  1,056 views  |  

Commercial Bank, with its unique ‘Youth Savings Account’ concept, has announced the appointment of global award-winning singing sensations Iraj Weerarathne and Infaaz Noorudeen who have inspired and captured the hearts of many youth, as Brand Icons for the re-launch of its ‘DotCom Youth Savings Account’.  Read More →


Suran Wijesinghe appointed to NTB Board

Published : 1:42 am  November 2, 2012  |  Category: Financial Services  |  Leave a Comment  |  829 views  |  

Nations Trust Bank announced yesterday the appointment of Suran Wijesinghe as a Director on the Board of the bank. He is currently an Executive Vice President at John Keells Holdings and is the Chief Financial Officer of the Financial Services Sector of the Group (comprising NTB, Union Assurance and John Keells Stockbrokers) after joining in January 2004.  Read More →


Romesha appointed to Multi Finance Board as Executive Director

Published : 12:01 am  November 2, 2012  |  Category: Financial Services  |  Leave a Comment  |  837 views  |  

The Board of Directors of Multi Finance Plc has appointed Romesha Dushyanthi Senerath as an Executive Director of the Board of Directors of the Company.  Read More →


HNB Assurance expands in the north

Published : 12:13 am  November 1, 2012  |  Category: Financial Services  |  Leave a Comment  |  668 views  |  

HNB Assurance opened a new branch in Kilinochchi last week, adding to its already strong presence in the north. The opening of the 51st branch of the HNB Assurance network is to cater to the need for convenient and Innovative insurance solutions, in a zone that is currently seeing rapid development and growth.  Read More →


Clearing Association of Bankers fourth AGM on Friday

Published : 12:12 am  November 1, 2012  |  Category: Financial Services  |  Leave a Comment  |  440 views  |  

The fourth Annual General Meeting of the Clearing Association of Bankers (CAB) will be held on Friday 2 November 2012 at the Grand Oriental Hotel Colombo.  Read More →


Treasury Bill WAY increase for a third consecutive week

Published : 12:12 am  November 1, 2012  |  Category: Financial Services  |  Leave a Comment  |  177 views  |  

Central Bank’s borrowing costs increased for a third consecutive week at its weekly Treasury bill auction held yesterday. The 364 day bill yields increased the most by 8 basis points (bp) while the 182 day bills reflected an increase of 7 bp. The 91 day bill reflected the least significant increase of 2 bp with only Rs. 0.5 billion of this maturity being accepted. However, the Central Bank’s total requirement was met by accepting more of the 182 day bills.  Read More →


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