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Thursday, 20 June 2013

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Packer, Rank Holdings invests US $ 350 mn in Colombo project

The fourth richest Australian business tycoon, James Packer along with Rank Holdings Sri Lanka with a 45% stake, would invest US $ 350 million for a mixed development project in D R Wijewardane Mawatha, Colombo. The investment would include a 400 room hotel, apartments, shopping complexes and restaurants.

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Softlogic Finance exceeds 13 bn in assets, profits rise 36%

Softlogic Finance announced its results for the financial year that ended on March 2013, which has seen a significant growth of the company with total assets increasing 31% to Rs 13.2 billion, customer deposits increasing 49% to Rs 6.9 billion and customer advances increasing 36% to Rs 11.2 billion.

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Sampath Bank raises USD 100 million

Sampath Bank recently celebrated the success of its largest international loan transaction of USD100 mn that was concluded in the first quarter of 2013. “The Bank’s consistent performance over the years coupled with its potential for sustainable growth have been the key driving forces in the success,

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Patrick Gallagher, CEO of HSBC Sri Lanka and Maldives handing over the deal tombstone to Aravinda Perera, Managing Director of Sampath Bank.



 
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