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NDB to move away from the branch concept:
Consolidation helps banks to compete regionally
Sri Lanka has a lot of banks and pooling of
resources will give the competitive edge for the local bank, NDB
Bank Chief Executive Officer Nihal Welikala said.
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Sanasa reaches targeted Rs. 4.8 b deposit margin
The total deposits of the Sanasa Development
Bank (SDB) has increased to Rs. 4.8 billion and the loan book has
increased up to Rs. 5.3 billion recently said, SDB GM and CEO Nimal
Manaduwa yesterday.
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Ceylinco Insurance consolidates No. 1 status in insurance
According to the IBSL Annual Report, Ceylinco
Insurance now commands a staggering 36.87 per cent market share in
General Insurance (Non Life), while, with regard to Life Insurance,
their market share stands at an equally impressive 33.4 per cent.
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BSNL to hike traffic charges on Lanka cable
India’s The Bharat Sanchar Nigam Ltd (BSNL) is
set to increase charges for carrying international voice and data
traffic through its submarine cable between India and Lanka.
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