FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Do your own Stock Market Research using AI Tools
by Quibit Today at 10:50 am

» What will happen tomorrow?
by cheetah Yesterday at 12:07 pm

» Focus on Government controlled entities
by ErangaDS Mon Jun 10, 2024 4:15 pm

» FINANCE AND LEASING SECTOR
by SL-INVESTOR Mon Jun 10, 2024 6:14 am

» HSENID BUSINESS SOLUTIONS PLC (HBS.N0000)
by K.R Fri Jun 07, 2024 10:45 am

» Colombo Stock Market: Over Valued against USD!
by God Father Mon Jun 03, 2024 3:17 pm

» Financial Woes at Richard Pieris Group
by DeepFreakingValue Sat Jun 01, 2024 11:29 pm

» Report a Tax Evasion and Get Rewarded upto 15%
by God Father Fri May 31, 2024 11:51 am

» LankaGPT Platform Launched in Sri Lanka
by God Father Wed May 29, 2024 11:46 pm

» Sri Lanka’s Popularity Is Surging With Travelers. Here’s Where To Go
by ResearchMan Wed May 29, 2024 1:10 pm

» CDB Non voting
by buddikasmart Wed May 29, 2024 8:03 am

» Will share market be taxed after new Gazette./manik de silva
by D.G.Dayaratne Mon May 27, 2024 2:14 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by Ekanayake90 Mon May 27, 2024 7:29 am

» Seylan Bank did not pay final coupon of expired debentures
by Gaudente Wed May 22, 2024 2:32 pm

» Sri Lanka: Stock Market Fraudsters with Criminal Prosecutions
by agentnrox Wed May 22, 2024 1:50 pm

» Richard Pieris Exports PLC (REXP.N0000) future looks bleak!
by God Father Mon May 20, 2024 10:08 pm

» Sri Lanka key Economic Indicators and Future Outlook for 2024
by God Father Mon May 20, 2024 6:06 pm

» EXPO.N - Expo Lanka Holdings De-Listing
by glad Mon May 20, 2024 9:27 am

» CBSL Pension Fund vs EPF
by God Father Thu May 16, 2024 9:13 am

» Nations Trust Bank: Consistent growth
by ErangaDS Wed May 15, 2024 8:46 am

» SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000)
by soileconomy Wed May 15, 2024 4:01 am

» Falsified accounts and financial misrepresentation at Arpico Insurance PLC (AINS)
by DeepFreakingValue Tue May 14, 2024 12:20 am

» Potential Super Gain with HSIG
by Investment 1st Mon May 13, 2024 12:20 am

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

Masterplan for Consolidation of NBFIs being fast-tracked.

2 posters

Go down  Message [Page 1 of 1]

TrendingNow


Equity Analytic
Equity Analytic

Under the Master plan for Consolidation of Non-Bank Financial Institutions (the Master plan) being implemented by the Central Bank of Sri Lanka (CBSL), the following 9 companies have already introduced fresh capital of Rs 12.56 billion to meet regulatory capital requirements:


Sarvodaya Development Finance PLC, Dialog Finance PLC, Asia Asset Finance PLC, Lanka Credit and Business Finance PLC, People’s Merchant Finance PLC, Softlogic Finance PLC, Merchant Bank of Sri Lanka & Finance PLC, UB Finance Co Ltd and Richard Pieris Finance Ltd.


In addition, 12 companies have submitted their acquisition/consolidation plans to CBSL and obtained relevant preliminary approvals as follows:


Assetline Leasing Co Ltd – acquisition of finance business license of Kanrich Finance Ltd and settlement of its deposits.



LB Finance PLC – acquisition and subsequent amalgamation of Multi Finance PLC.


SMB Leasing PLC – acquisition of finance business license of Swarnamahal Financial Services PLC and settlement of its deposits.


Commercial Leasing & Finance PLC – acquisition and subsequent amalgamation of Sinhaputhra Finance PLC.



HNB Finance PLC – acquisition and subsequent amalgamation of Prime Finance PLC.


LOLC Finance PLC- amalgamation of Commercial Leasing & Finance PLC.


As a result of the above developments, the Non-Bank Financial Institutions sector has witnessed a significant improvement in compliance with regulatory capital requirements and has recorded the lowest non-compliance levels during recent times.

X likes this post

TrendingNow


Equity Analytic
Equity Analytic

Share price movements of following counters since the date of the above announcement made by the CBSL;

CLC.N – 43.14%

SFL.N – 48.57%
SFL.P – 54.44%

*LOFC.N – 8.8%

*LFIN.N (-4.11%)

*MFL.N (-1.8%)

X likes this post

X

X
Senior Equity Analytic
Senior Equity Analytic

CLC, SFL board cleared, what are the next counters in line?

X

X
Senior Equity Analytic
Senior Equity Analytic

Masterplan for Consolidation of NBFIs being fast-tracked. Screen32

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum