Brokers to grant margins
SEC to take decision soon:
The Securities and Exchange Commission Sri Lanka
(SEC) will consider permitting stock brokers to grant margins for
small retail investors. The stock brokers have made a proposal to
the SEC to grant margins for retail investors and SEC will take a
decision shortly, SEC Director-General Malik Cader told Daily News
Business.
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Pan Asia posts Rs 406 m profit in 1H
Pan Asia Bank has made a remarkable growth
during the first half of 2011. It has recorded a net profit of Rs
406 million for this period. Pan Asia Bank Chairman AG Weerasinghe
told Daily News Business that the bank has shown a growth in all
sectors increasing the balance sheet value upto Rs 40 billion which
is a 70 percent growth.
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Euromoney ranks ComBank Lanka's Best
The Commercial Bank of Ceylon has been adjudged
'Best Bank in Sri Lanka' by the world's leading financial markets
magazine Euromoney. As Euromoney's choice for Best Bank in Sri
Lanka, Commercial Bank is ranked alongside other renowned global
banks. The awards ceremony took place in Hong Kong in July 2011.
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