MBSL offers AA3 rated debenture

INVESTMENT: MBSL, a subsidiary of Bank of Ceylon and a quoted company in the Colombo Stock Exchange, offers an opportunity to invest in MBSL debentures and earn above-average interest during 3 years, an MBSL press release states.

Last year was one of the most flourishing years for the Bank, which recorded a net profit of Rs. 210 million.

MBSL has recorded a 31% growth in revenue and a 32% growth in profit in the year 2006. Return on Assets and Return on Investment have also increased, recording 11% and 19% respectively in 2006.

Lanka Rating Agency has assigned a financial institutional rating of AA3 and a short term rating of L1 to MBSL in 2007.