LOLC gets US $ 3 m credit guarantee loan
USAID in tie up to finance rural poor:
The Lanka Orix Leasing Company Limited (LOLC) has
obtained a partial credit guarantee loan of US $ 3 million from
USAID to assist the local micro finance sector.
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Fiscal prudence needs to continue - Deutsche Bank Chief
Economist
Gross Domestic Product growth in Sri Lanka has
been resilient, Chief Economist Deutsche Bank Group and Managing
Director Deutsche Bank Research, Prof. Norbert Walter said at a
media presentation on Friday. Speaking on the topic `World Economic
Cycle matured- financial markets nervous?' he predicted the growth
rate will be higher next year.
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Fitch revises NDB's rating following aborted merger plan
Fitch Ratings Lanka has revised National
Development Bank Limited's outlook to Stable from Positive,
following a joint announcement with Commercial Bank of Ceylon
Limited on July 27 that negotiations on a possible merger (first
announced on January 24, 2007) have been called off as it was deemed
to be not feasible.
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