Businesscafe - Union Bank (UB) proudly announced a new Memorandum of Understanding (MOU) with the University of Moratuwa (UoM) and the National Innovation Agency to support the National Entrepreneurship Development Programme (NEDP), aimed at empowering SMEs and youth aspiring to become entrepreneurs across Sri Lanka.
Businesscafe - The Commercial Bank of Ceylon PLC has announced that it has successfully completed the largest rights issue to date by a bank in Sri Lanka, raising Rs 22.54 billion to increase the Tier I and total capital of the Bank to accommodate and facilitate future business growth.
Businesscafe - Nations Trust Bank PLC reported a strong performance in the first half of 2024, achieving a Profit After Tax (PAT) of LKR 8 Bn, up 31% YoY.
Businesscafe - Hatton National Bank PLC posted a profit before tax of Rs 25.8 Bn and a profit after tax of Rs 15.4 Bn during the six months ended June 2024.
Businesscafe - Characteristically agile and proactive responses to market-specific dynamics have enabled the Commercial Bank of Ceylon Group to achieve commendable growth in the first half of 2024, despite a reduced topline.
Businesscafe - Sampath Bank is set to receive the prestigious ‘Asia’s Best Bank for Corporate Responsibility’ award at the Euromoney Awards for Excellence 2024, to be held on 12th September in Singapore.
Businesscafe - HSBC opened its third flagship Premier Centre on 1 August 2024 having converted its Bambalapitiya branch at 123, Bauddhaloka Mawatha, Colombo 04.
Businesscafe - The Colombo Stock Exchange (CSE) hosted a special awareness session titled “Creating Opportunities for Wealth Creation and Diversification” recently at the Hilton, Colombo.
Businesscafe - Merchant Bank of Sri Lanka and Finance PLC (MBSL) has entered a Memorandum of Understanding (MoU) with Hayleys Solar, the renewable energy arm of Hayleys Fentons, to launch two new solar financing programs: a personal solar loan scheme and a term loan tailored for individuals and businesses.
Businesscafe - Premier homegrown finance company Siyapatha Finance PLC successfully opened its 50th branch in Valaichchenai recently.
Businesscafe - NDB Wealth Management Ltd - the largest private sector Asset Management company in Sri Lanka with more than Rs. 340 Billion assets under management, following their strategic collaboration with nVentures PTE Ltd in April 2024, successfully hosted an exclusive educational workshop, "Startup Investing 101."
