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Steady growth in Provident Fund

Investment portfolio tops Rs 738.1 billion:

The Employees’ Provident Fund (EPF) has grown steadily over the past several years. The growth is attributed to the increase in contributions and distribution of income to members.

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Banks lend Rs 1600 billion for new ventures

Bank lending interest rates have come down drastically to about seven to eight percent during the past one and half years. Central Bank Governor Ajith Nivard Cabraal said banks have lent Rs 1,600 billion for economic activities during this period.

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Com Bank selected as Lanka’s best bank

The Commercial Bank of Ceylon has been declared Sri Lanka’s best bank in 2010 for a record 12th year running by Global Finance magazine. The US-based financial publication’s latest listing of the Best Emerging Markets in Asia’ is to be published in its May issue.

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From left: BT Options Chairman / Managing Director Mathi K. Parthipan, Carson Cumberbatch Deputy Chairman Hari Selvanathan, Sampath Bank CEO Harris Premaratne, Hatton National Bank CEO Rajendra Theagarajah, Aitken Spence and Company Director G.C. Wickremasinghe, Commercial Bank CEO, Amitha Gooneratne, Distilleries Company of Sri Lanka Chairman Harry Jayawardena, Senior Advisor to the President Basil Rajapaksa (chief guest) Associated Electrical Corporation Chairman Ajita de Zoysa, Sri Lanka Telecom Chairperson Leisha De Silva Chandrasena, Ceylon Tobacco Chairman Jayampathi Bandaranayake, John Keells Group Finance Director Ronnie Peiris, Sampath Bank Chairman Arthur Senanayake, Business Today Top 10 Analyst Keith Bernard and Cargills Chief Operating Officer Sidath Kodikara at the awards presentation ceremony.

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