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Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
GROSS DOMESTIC PRODUCT (GDP)
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UBC I told you... Wed Apr 03, 2013 3:40 pm
Re: UBC I told you... Wed Apr 03, 2013 3:54 pm
Re: UBC I told you... Thu Apr 04, 2013 5:48 pm
Re: UBC I told you... Thu Apr 04, 2013 6:12 pm
nalaka_sg wrote:can anyone explain what's going on with UBC ...where is it heading ?
Re: UBC I told you... Thu Apr 04, 2013 7:11 pm
sanju351 wrote:nalaka_sg wrote:can anyone explain what's going on with UBC ...where is it heading ?
It is going to get merged with CITY BANK internationaly - and For Srilankan Unit the Price is somewhere around ** so this might shoot up to that level ..
But now it is too high priced around 18 would have beeing okay i feel ..?
Re: UBC I told you... Thu Apr 04, 2013 7:23 pm
Re: UBC I told you... Thu Apr 04, 2013 8:54 pm
its going up too fast..is that any dividend announcement coming up near future ? Re: UBC I told you... Thu Apr 04, 2013 11:05 pmsmallville wrote:sanju351 wrote:nalaka_sg wrote:can anyone explain what's going on with UBC ...where is it heading ?
It is going to get merged with CITY BANK internationaly - and For Srilankan Unit the Price is somewhere around ** so this might shoot up to that level ..
But now it is too high priced around 18 would have beeing okay i feel ..?
From where do u get this info?
Re: UBC I told you... Thu Apr 04, 2013 11:08 pmRedbulls wrote:UBS Swiss bank and CITI may merge. Nothing to do with UBC.
Total bull****. Need to delete the comment regarding the price by Sanju.
(misleading)
Re: UBC I told you... Fri Apr 05, 2013 8:18 amwe are trying to increase profitability by increasing focus on niche clientele. We have client focused sectors and due to our global presence we have the biggest strength to access international market. For us, there is no point competing with the domestic banks,” he said.
Re: UBC I told you... Fri Apr 05, 2013 8:32 amsmallville wrote:If CITI bank wanted to exit from SL why the hell they should buy UBC with a capital infusion?
These brokers should be damn jobless these days..
However, CITI's CCO said otherwise;
http://www.nation.lk/edition/news-online/item/16139-will-citibank-close-down-operations-in-sri-lanka?.html
So CITI bank started closing down local accounts but denied claims that the bank is planning to close operations in Sri Lanka.
we are trying to increase profitability by increasing focus on niche clientele. We have client focused sectors and due to our global presence we have the biggest strength to access international market. For us, there is no point competing with the domestic banks,” he said.
Despite all this if CITI bank exits, the contrary could happen.. Someone must anchor the CITI bank and its employees.
Re: UBC I told you... Fri Apr 05, 2013 8:45 am Re: UBC I told you... Fri Apr 05, 2013 8:55 amrainmaker wrote:
CITI lost the case. They don't want to wait for the fine
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