Billion Archives - Page 2 of 4 - Lanka Business News

August 14, 2024

DirectPay, a key player in Sri Lanka’s digital payment landscape, has achieved a major milestone. The company proudly announces its compliance with the Payment Card Industry Data Security Standard (PCI DSS) and celebrates an impressive achievement of processing 30 billion rupees in transactions since 2018. These accomplishments underscore DirectPay’s com mitment to security, innovation, and […]

July 3, 2024

Raises record Rs 20 billion as Bank exercises all options after receiving applications for over three times the initial value The Commercial Bank of Ceylon’s and Sri Lanka’s largest ever debenture issue by a private bank closed after oversubscription on its opening day, Tuesday 2nd July 2024, raising Rs 20 billion for Sri Lanka’s biggest […]

June 27, 2024

June 27, 2024: Softlogic Life, the second-largest life insurer in the Sri Lankan market, has announced a Rs. 6 billion share buyback, pending shareholder approvals. The buyback price is Rs. 102.40 per share for up to 58,593,750 shares of the current 375,000,000 shares in issue. The company aims to optimize capital and enhance shareholder value, […]

May 21, 2024

Siyapatha Finance PLC, a subsidiary of Sampath Bank PLC and a prominent leader distinguished in Sri Lanka’s non-bank financial sector, announced its decision to raise Rs. 4 billion through its debenture issue. The Board of Directors of Siyapatha Finance PLC approved the decision to raise funds through the issuance of listed, rated, senior, […]

May 15, 2024

Financial Performance Sampath Bank posted a profit before tax (PBT) of Rs 6.2 billion and a profit after tax (PAT) of Rs 3.4 billion for the three months ended 31st March 2024, notwithstanding an exchange loss of Rs 4.3 billion due to the appreciation of the LKR against the USD by Rs 23.70. These figures […]

May 15, 2024

Operating Income of LKR 11.9Bn up 3% YoY Stage 3 loan ratio reduced to 2.1% Profit After Tax of LKR 3.7Bn, up 35% YoY Total Capital Adequacy Ratio of 18.7% Liquidity Ratio of 45% 14th May 2024, Colombo: Nations Trust Bank PLC reported a strong performance in the first 3 months of 2024, posting a […]

May 13, 2024

Group reports best-ever financial performance with record profit of AED 18.7 billion (US$ 5.1 billion), up 71% from last year, record revenue, and record level of cash assets. Group revenue increased 15% to a new high of AED 137.3 billion (US$ 37.4 billion), driven by strong customer demand across its businesses. Ends year with highest-ever […]

March 27, 2024

BANGKOK, THAILAND – Media OutReach Newswire – 26 March 2024 – Central Department Store, under Central Retail Corporation, has announced a substantial investment of 4 billion baht to transform Central Chidlom into “The Store of Bangkok.” Aspiring to establish itself as a luxury department store, it endeavors to provide customers with a comprehensive “One-Stop-Shopping” experience. Setting new […]

February 27, 2024

Colombo, Sri Lanka – February 19th, 2024 – The Würth Group, a global leader in assembly and fastening materials, has achieved a historic milestone with annual sales exceeding EUR 20 billion for the first time in its corporate history, according to its preliminary financial statements for the 2023 fiscal year. Despite global economic and political […]

February 22, 2024

Accelerated lending sees loan book grow by Rs 56.8 billion in 3 months Deposits surge by Rs 109.4 billion in final quarter 12-month gross income up 21.82% to Rs 341.6 billion The Commercial Bank of Ceylon Group lent Rs 56.816 billion in the fourth quarter of 2023 at a monthly average of Rs 18.939 billion […]

DirectPay, recognized for its PCI DSS compliance, has surpassed Rs. 30 billion mark in transaction processing

ComBank’s Debenture Issue, largest ever debenture by a private bank oversubscribed on opening day

Softlogic Life buys back Rs. 6Bn worth shares

Siyapatha Finance PLC to issue LKR 4 billion debentures, reinforcing commitment to growth

Sampath Bank Posts Steady Results for the First Quarter of 2024

Nations Trust Bank PLC delivers a strong 1Q2024

Emirates Group announces 2023-24 results

Central Department Store, under Central Retail, Massively Invests Bt 4 Billion to Transform Central Chidlom to a Luxury Department Store, “The Store of Bangkok”

Würth Group Surpasses EUR 20 Billion in Global Sales; Sri Lanka Welcomes New CEO

ComBank stays on growth trajectory in 2023 with notable Q4 performance