Softlogic Finance gains Rs 500 mn capital boost
Softlogic Finance PLC has announced the receipt
of US$ 4mn (approximately Rs 504 mn) from Dutch Development Bank FMO
that will take the form of a Subordinated Term Loan of five years,
including an option to convert to Equity in the company.
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NSB continues growth in 2012
2012, was a challenging year for NSB. For
instance, policy changes, such as the credit ceiling on bank lending
and rising interest rates on deposits, had an impact on our top and
bottom lines. However, we have continued to sustain growth and
extend our support to our customers and the national economy as a
whole. The network expansion was limited to 9 branches compared to
24 branches opened in 2011, changing the direction from channel
expansion to channel optimization by productivity improvements said
the Chairman of NSB, Sunil S Sirisena .
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RAM Ratings Lanka reaffirms NITF’s ratings at AAA/P1
RAM Ratings Lanka has reaffirmed National
Insurance Trust Fund’s (“NITF” or “the Fund”) long- and short- term
claims-paying ability ratings at AAA and P1 respectively; the
long-term rating has a stable outlook.
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