Surge in housing loans
Low interest regime helps many:
The housing loan interest rate which was reduced
last October has fuelled growth in the lending market. The reduction
of interest rate over time has increased the demand for housing
loans.
Full Story
HNB Group posts Rs 1.89 b profit
First half results outstanding:
Hatton National Bank PLC, recorded a pre tax
profit of Rs 2.89 billion in H1 2010 in comparison to Rs 2.72
billion in the corresponding period 2009 despite pressures on
interest margins
Full Story
NDB Group posts healthy results in first half
Profit after tax tops Rs 762 million:
The NDB Group’s profit after tax for the second
quarter ended June 30, 2010 grew to Rs 762 million. Commenting on
the Bank’s performance, CEO Russell De Mel said what is important to
the stakeholder is sustainable profits
Full Story
Local contractors seek more work
Local construction companies should be given at
least a 35 percent share of major development projects to sustain in
the industry, NCASL Chairman Ranjith Goonatilake said.
Full Story
|