NDB propels SME financing
Through World Bank credit line:
NDB Bank is a pioneer in lending to Small and
Medium Enterprises since its inception over 30 years ago and has
supported over 45,000 ventures employing more than 650,000 people
across the country.
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SLAASMB detects flaws in annual reports
Sri Lanka Accounting and Auditing Standards
Monitoring Board (SLAASMB) has obtained undertakings from specified
business enterprises to make corrections in financial statements
which require changes in net profit and equity amounting to Rs 1.2
billion in 2010.
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Union Bank listing opens on Tuesday
The much awaited listing of the Union Bank IPO
will take place on March 29 at the Colombo Stock Exchange. Having
created history with its heavily over-subscribed IPO, Union Bank
plans to consolidate the momentum gained, in its plans for the
future.
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