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Loan management:
Recovery strategy vital
All regulated registered financial institutions
should adopt a strategy to recover all loans given to various
business entities to maintain their moderate loan portfolio for the
industry to sustain in the current business environment, RAM Rating
(Lanka) Ltd said.
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PDMS focuses on risk management
This year, the country’s Public Debt Management
Strategy (PDMS) will focus on effective implementation of risk
management techniques and scenario models to operationalise the
strategy.
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Union Bank post-tax profits up 72 percent
Union Bank has recorded a remarkable growth in
its profitability for the year ended December 31, 2008 with pre-tax
profits increasing by 84 percent and post-tax profits posting a
growth of 72 percent, compared to 2007.
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