BoC among world's top 1,000
Bank of Ceylon has received the global
recognition as one of the top 1,000 banks in the world, by the
world’s premier banking and finance Magazine, “The Banker”. The Top
1,000 banks were selected in recognition of global leaders in the
industry for their achievements. The rankings are one of the
industry’s most widely used index of global banking, and are
internationally recognized as the definitive guide to the soundness,
strength and profitability of banks.
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Int'l Civil Aviation Org. audit reports confirms:
Sri Lankan skies safe, secure
The official results released recently by the
International Civil Aviation Organization (ICAO), after carrying out
a comprehensive system audit on the State's capabilities for the
conduct of Aviation Security Oversight, shows that the degree of
compliance of Sri Lanka with International Standards and Recommended
Practices (SARPs) relating to aviation security projects was well
over the global average.
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Softlogic Finance in US $ 10 mn deal with FMO
Softlogic Finance has reached an agreement with
the Dutch development bank FMO, for a funding facility of US $ 10 mn
. The facility will enable financing of the important SME segment of
the market. Softlogic Finance is one of the few non banking
financial institutions in Sri Lanka to obtain foreign funding from a
Development Finance Institution (DFI) which is a reflection of the
stability, track record and immense growth potential of the company.
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Kuwait travel delegation visits Sri Lanka
With the view of promoting Sri Lanka as a
high-end tourism destination, Sri Lanka Tourism Promotion Bureau (SLTPB)
organized a familiarization tour for tour operators and media
personnel from the State of Kuwait, together with Sri Lanka
Association of Inbound Tour Operators (SLAITO), The Hoteliers’
Association of Sri Lanka (THASL) and Oman Air.
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Alliance Finance raises Rs 1 bn through Debenture Issue
Alliance Finance Company PLC, incorporated in
1956 raised ta sum of Rs one billion (Rs 1,000,000,000) through its
Debenture Issue for the purpose of increasing the Tier II Capital of
the company to enhance its Capital Adequacy Ratio and Single
Borrower Limit, to expand the branch network, strengthen the
company’s liquidity position and minimize the risk and gap exposure
in the company’s assets/liabilities portfolios. The debenture issue
was opened in June 2012.
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