Commercial Bank, NDB shop for strategic mergers
The Commercial Bank and the NDB Bank are looking
at possibilities to go for mergers or joint ventures following the
failure of both banks in its earlier attempt on merging with
strategic partners.
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Germany, UK review travel advisories
Subsequent to the successful tourism promotions
in France and The Netherlands, Sri Lanka Tourism had further good
news in the German and the UK markets. The travel advisory in
Germany was reviewed by the authorities.
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People's Merchant raises Rs. 200mn for Ceylinco Development
People's Merch-ant Bank PLC recently structured
and placed Rs.200 mn in lease backed trust certificates, on behalf
of the Ceylinco Development Bank.
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