Bank of Ceylon records Rs. 20 bn PBT in 2012
Bank of Ceylon will become the only entity in
both the government and private sector in Sri Lanka to achieve a
profit (PBT) of Rs. 20 billion for 2012. Chairman, Dr. Gamini
Wickramasinghe said that Bank of Ceylon also became the first bank
in Sri Lanka to have Rs. one trillion in assets. He said that the
bank has been going from strength to strength and said that their
next target would be to attract one trillion of savings. He said
that when this is achieved very soon, they can lend more and this
would help the bank to make the second trillion of assets by 2014.
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RAM Ratings Lanka reaffirms Hayleys PLC’s ratings at AA-/P1
RAM Ratings Lanka has reaffirmed Hayleys PLC’s
(“Hayleys” or “the Company”)respective long- and short-term
corporate credit ratings at AA- and P1; the outlook on the long-term
rating remains stable. Hayleys is a diversified conglomerate with
wide ranging business interests in hand protection, purification,
transportation, agriculture, plantations, textiles, construction
materials, fiber, consumer, industrial solutions, power and energy
together with leisure and aviation.
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‘Lanka could be promoted as IT hub’
Sri Lanka could be promoted as an IT hub in the
region because of its skilled work force and English educated
population, IFS Vice President South Asia, Jayantha De Silva said.
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