DOCSLIB.ORG

861 1556854043826.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
861 1556854043826.Pdf Bankers to the Nation Our Vision To be the Nation’s preferred bank with a strong global presence providing customer centric innovative financial solutions. Our Mission To provide highly efficient, customer focused, technologically sophisticated, resilient and innovative financial services to the Nation with global access, empowering employees and enhancing value to the stakeholders. Corporate Value Statement In achieving our vision to be the Nation’s preferred bank, with a strong global presence, providing customer centric innovative financial solutions, we are committed to upholding our core five values as follows: • Being customer centric • Respecting all forms of diversity • Committing towards high level of ethics, governance and professionalism • Focusing towards agility and innovation • Being accountable for all our actions THE ICON OF TRUST With a 79 - year old rich heritage, the Bank of Ceylon has garnered infinite trust and credibility over the years. Occupying the vantage point of Sri Lanka’s banking landscape we reign supreme, positioned as the Number 01 Bank in Sri Lanka. Resonating the financial aspirations of our nation we reach out to a diverse spectrum of customers from SME’s, corporates to individuals representing all walks of life. Powering our nation with financial strength we stand strong as the ‘Bankers to the Nation’. Focused on creating future-proof banking through agile, digitally driven platforms, we have earned infinite trust through our robust performance and our contribution to society as a good corporate citizen. All this makes Bank of Ceylon truly the icon of trust. Bank of Ceylon | Annual Report 2018 CONTENTS Bank of Ceylon Annual Report 2018 • 4 Performance Overview 2018 • 6 Highlights In 2018 • 9 Chairman’s Message • 10 General Manager’s Review • 14 Overview of Bank of Ceylon • 20 Our Footprint • 22 Group Structure • 23 Board of Directors • 24 Corporate Management • 28 Executive Management • 40 “As Sri Lanka’s largest financial institution, Approach to Value Creation • 48 operating the industry’s most extensive network, Bank of Ceylon is one of Sri Lanka’s Stakeholder Engagement • 50 most economically and socially impactful Strategic Report • 52 organisations.” Sustainability at BoC • 58 Economic Contribution • 63 Chairman’s Message • 10 Preserving Value Corporate Governance • 70 Board Subcommittee Reports • 89 Audit Committee Report • 89 Integrated Risk Management Committee Report • 93 Human Resources and Remuneration Committee Report • 96 Nomination and Corporate Governance Committee Report • 98 Information and Communication Technology Committee Report • 100 Risk Management • 102 “I am proud to report that the Bank retained its position as the undisputed leader in Sri Lanka’s Driving Strategy through financial services industry, crossed the LKR 2.0 Business Lines trillion mark in assets, was ranked as Sri Lanka’s No.1 brand..” Economic and Industry Overview • 120 Retail Banking • 126 General Manager’s Review • 14 Corporate and Offshore Banking • 131 International, Treasury, Investment and Overseas Operations • 134 Creating Value through Compliance Annexes Our Capitals Compliance with Code of Best Practice on Corporate Governance 2017 Issued by CA Sri Lanka • 394 Financial Capital • 137 Compliance Requirements as per Banking Manufactured Capital • 142 Act Direction No. 11 of 2007 • 401 Human Capital • 147 Compliance Requirements Enforced by Intellectual Capital • 156 Colombo Stock Exchange • 428 Social and Relationship Capital • 160 Compliance Requirements Enforced by Natural Capital • 171 the Central Bank of Sri Lanka • 430 Capital Adequacy • 434 Certificate of the Directors on Transfer Pricing • 448 Financial Reports Annual Report of the Directors on the State of Affairs of Bank of Ceylon • 179 Supplementary Directors’ Interest in Contracts • 185 Information Directors’ Statement on Internal Control over Milestones • 450 Financial Reporting • 188 GRI Index • 452 Independent Assurance Report • 190 Independent Assurance Report • 457 Directors’ Responsibility for Financial Reporting • 191 Statement of Profit or Loss in USD • 459 Report of the Auditor General • 192 Statement of Comprehensive Income in USD • 460 Statement of Profit or Loss • 196 Statement of Financial Position in USD • 461 Statement of Comprehensive Income • 197 Quarterly Performance • 462 Statement of Financial Position • 198 Share and Debenture Information • 465 Statement of Changes in Equity • 200 Ten Year Statistical Summary – Bank • 467 Statement of Cash Flows • 204 Subsidiaries and Associates • 469 Notes to the Financial Statements • 206 Correspondent Banks by Country • 472 Exchange Companies by Country • 478 Glossary of Financial/ Banking Terms • 480 Corporate Offices and Overseas Branches • 485 Corporate Information • 487 Scan the QR Code with your smart device to view this report online. 4 Bank of Ceylon | Annual Report 2018 Bank of Ceylon ANNUAL REPORT 2018 Standards and Principles The financial statements have been Welcome to our Integrated Report prepared in line with the Sri Lankan Accounting Standards issued by the As the primary publication to our stakeholders, this Integrated Annual Report aims Chartered Accountants of Sri Lanka. The to provide a balanced and comprehensive assessment of how we create value narrative report follows the principles of over the short, medium and long-term while managing the competing interests Integrated Reporting as prescribed in of our stakeholders. The Report presents information relating to our business the International Integrated Reporting model, operating landscape, strategy, corporate governance, risk management, Council’s (IIRC) Integrated Reporting <IR> performance and commitment towards sustainability and is anchored by our Framework. For sustainability reporting, material topics which have been determined through a systematic materiality we have adopted the ‘Core’ criteria of the analysis. GRI Standards published by the Global Reporting Initiative and have followed Scope and Boundary the recommendations for Environment and Social Governance (ESG) Reporting The Report covers the domestic, overseas and offshore operations of by the Colombo Stock Exchange. The Bank of Ceylon (herein referred to as “BoC”) and its subsidiaries (collectively Corporate Governance disclosures are referred to as the “Group”) for the period from 1 January 2018 to 31 December in line with the requirements of the Bank 2018. The financial information presented on pages 196 to 392 of this Report of Ceylon Ordinance No.53 of 1938 and reflects consolidated information while the non-financial information is limited amendments, Banking Act No. 30 of to that of the parent entity, given its dominance within the Group. We adopt an 1988 and subsequent amendments and annual reporting cycle and this Report builds on the Bank’s previous annual report the revised Code of Best Practice on for the financial year ending 31 December 2017. There have been no material Corporate Governance 2017 issued by restatements of non-financial information provided in the previous report. The CA Sri Lanka. Report has been structured based on the six capitals prescribed by the Integrated Reporting <IR> Framework. l Adoption of l Widened the l Followed new l Dedicated l Refined l Compliance the revised coverage of format issued chapter on structure to SLFRS 9. Code of Best material topics by CBSL in the Bank’s to facilitate Practice on beyond those presenting contribution to improved Corporate prescribed financial the economy. readability. Governance by GRI to statements. 2017 issued by include entity CA Sri Lanka. and industry specific topics. Reporting Improvements 5 External Assurance Financial Reporting and the Internal control over Auditor General Financial Reporting Reporting BDO Partners: Chartered Accountants Sustainability Concepts Reporting Corporate Governance Auditor General disclosures Connectivity Reliability Relevance and Strategic Focus and Materiality Comparability Material topics The Report has Manufactured reflect both The Report is presented the Capital Navigation icons positive and anchored by our strategies adopted and signposting negative matters material topics in achieving Social and have been used which impacted which represents triple bottom Human Relationship across the the Bank’s value information that line performance Capital Capital Report to show creation during is vital to our during the year and connectivity. the year. stakeholders. strategies for 2019 and beyond. Navigation Icons Reporting Boundary Financial Intellectual Capital Capital Integrated Reporting Natural Financial Reporting Capital Feedback Non-Financial Reporting We are committed to consistently enhancing the readability and relevance of our reporting and we welcome your suggestions and comments on our Annual Report. Please direct your feedback to, [email protected] Subsidiaries Bank Associates GROUP Internal and external stakeholders, Operating landscape, Risks and Opportunities 6 Bank of Ceylon | Annual Report 2018 PERFORMANCE OVERVIEW 2018 Financial Performance Highlights FINANCIAL CAPITAL Bank Group 2018 2017 Change % 2018 2017 Change % Results of Operations (LKR million) Total income 221,131 189,211 16.9 229,462 197,013 16.5 Net interest income 65,558 58,356 12.3 68,689 61,490 11.7 Profit before taxes on financial services 41,480 37,592 10.3 42,246 38,195 10.6 Profit before tax 31,892 30,343 5.1 32,437 30,816 5.3 Profit after tax 19,479 21,312 (8.6) 19,515 21,487 (9.2) Value to the Government 24,158 28,524 (15.3) 24,583 28,923 (15.0) Financial Position (LKR
Load more

Recommended publications
  • Discourses of Ethno-Nationalism and Religious Fundamentalism
    DISCOURSES OF ETHNO-NATIONALISM AND RELIGIOUS FUNDAMENTALISM SRI LANKAN DISCOURSES OF ETHNO-NATIONALISM AND RELIGIOUS FUNDAMENTALISM By MYRA SIVALOGANATHAN, B.A. A Thesis Submitted to the School of Graduate Studies In Partial Fulfillment of the Requirements for the Degree Master of Arts McMaster University © Copyright by Myra Sivaloganathan, June 2017 M.A. Thesis – Myra Sivaloganathan; McMaster University – Religious Studies. McMaster University MASTER OF ARTS (2017) Hamilton, Ontario (Religious Studies) TITLE: Sri Lankan Discourses of Ethno-Nationalism and Religious Fundamentalism AUTHOR: Myra Sivaloganathan, B.A. (McGill University) SUPERVISOR: Dr. Mark Rowe NUMBER OF PAGES: v, 91 ii M.A. Thesis – Myra Sivaloganathan; McMaster University – Religious Studies. Abstract In this thesis, I argue that discourses of victimhood, victory, and xenophobia underpin both Sinhalese and Tamil nationalist and religious fundamentalist movements. Ethnic discourse has allowed citizens to affirm collective ideals in the face of disparate experiences, reclaim power and autonomy in contexts of fundamental instability, but has also deepened ethnic divides in the post-war era. In the first chapter, I argue that mutually exclusive narratives of victimhood lie at the root of ethnic solitudes, and provide barriers to mechanisms of transitional justice and memorialization. The second chapter includes an analysis of the politicization of mythic figures and events from the Rāmāyaṇa and Mahāvaṃsa in nationalist discourses of victory, supremacy, and legacy. Finally, in the third chapter, I explore the Liberation Tiger of Tamil Eelam’s (LTTE) rhetoric and symbolism, and contend that a xenophobic discourse of terrorism has been imposed and transferred from Tamil to Muslim minorities. Ultimately, these discourses prevent Sri Lankans from embracing a multi-ethnic and multi- religious nationality, and hinder efforts at transitional justice.
    [Show full text]
  • 1066 1562924295465.Pdf
    When it comes to our raring dare to do attitude, we are boundless... Expolanka experienced a journey this year in which the company made leaps and bounds in the industry. Most notably, the freight arm of the conglomerate performed admirably in the year under review as we not only expanded our geographical presence through 4PL services but also through product diversification and explored new avenues in digitalisation. With so many novel ventures highlighted during the past year, we felt it apt to look ahead and take stock of our options; a vast horizon that lies ahead. From the depths of our solid foundation to the seemingly impossible heights of opportunity, we are limitless.. CONTENTS About this Report 04 Group Milestones 05 Financial Highlights 06 Highlights of the Year 07 Chairman’s Message 10 Group CEO’s Review 13 Sustainability Strategy 29 Financial Indicators 17 Material Topics and Topic Boundaries 30 Board of Directors 18 Stakeholder Engagement 35 Organizational Structure 71 Senior Management Team 20 Stakeholder Value Creation 38 Our Footprint 72 Group Performance 23 Capital Management Reports 39 Business Reports 74 Group Strategy 24 Financial Capital 39 Logistics Sector 74 OVERVIEW Manufactured Capital 40 Leisure Sector 81 Intellectual Capital 41 Investments Sector 85 Human Capital 44 OPERATIONAL REVIEW Natural Capital 51 Social and Relationship Capital 60 GRI Index 64 Independent assurance Report 67 INTEGRATED MANAGEMENT DISCUSSION AND ANALYSIS 02 EXPOLANKA HOLDINGS PLC - ANNUAL REPORT 2018 | 2019 Group Real Estate Portfolio
    [Show full text]
  • The Degree of Financial Literacy As a Deterministic Factor in Investment Decisions: Evidence from Colombo Stock Exchange (CSE) of Sri Lanka
    Sri Lanka Journal of Economic Research The Degree of Financial Literacy as a Vol. 07(1): pp 15-44 Sri Lanka Forum of University Deterministic Factor in Investment Economists ISSN: 2345-9913 Decisions: Evidence from Colombo Stock Exchange (CSE) of Sri Lanka S.R.S.D.K. Weerawansa1 and N.S. Morage2 Abstract Local retail investors at the CSE are not gaining the optimum benefits out of the market whereas, the foreign investors are gaining high profits through trading stocks. In addition, the financial literacy level of Sri Lankans is low compared to other countries. The main target of the researcher is to determine “The Impact of Behavioral Finance on Investment Decision-Making in the Stock Market and the Moderating Role of Financial Literacy: with special reference to local individual investors at the CSE of Sri Lanka”. The findings of the study revealed that a significant relationship exists between behavioral finance and investment decision-making. It was also established that financial literacy moderates the relationship between the independent variables and the dependent variable. The qualitative findings resulted in a final thematic analysis which gave rise to additional independent variables and moderating variables which were suggested for future research by the author. Keywords: Stock Market; Financial literacy; Behavioral finance; Gambler’s Fallacy; Herd Behaviour; Sri Lanka 1 Department of Economics, University of Colombo, Sri Lanka. 2 Imperial Institute of of Higher education (IIHE), Sri Lanka. 15 The Degree of Financial Literacy as a Deterministic Factor in Investment Decisions: Evidence from Colombo Stock Exchange (CSE) of Sri Lanka Introduction Behavioral finance is an emerging area in research where one can ascertain the factors affecting the investment decision-making.
    [Show full text]
  • Every Step of Your Life
    EVERY STEP OF YOUR LIFE HNB Assurance PLC | Integrated Annual Report 2019 EVERY STEP OF YOUR LIFE From the moment our life on earth begins, we face countless decisions, challenges and opportunities. No matter how daunting the future may seem, through joy and sorrow, achievement and adversity, at HNB ÂÂ;s«ƕ×ƕí«ƕ±Í¾ƕȾÍƕ»Í¾»±Âƕ«ƕÂȾ«È««ƕ every step you take; helping you take on tomorrow with ±«í«ƕs«ƕ¾Ès«ÈÝƕ«±«ƕs«ƕªsÈŸ As we continue to uphold our reputation for strength and stability, we look back on a year of excellent performance - having truly delivered on our promise to every stakeholder; enhancing and uplifting lives, providing consistent returns and winning your trust, above all. We’re with you always, every step of your life. CONTENTS 01ABOUT THIS REPORT 05 STATUTORY DISCLOSURES AND 3 The Integrated Report FINANCIAL STATEMENTS 150 Financial Calendar 151 Audit Committee Report 02 ABOUT US 155 Human Resources and Remuneration Committee 6 HNB Assurance Report 10 Our Milestones 157 Related Party Transaction Review Committee 12 Statement of Value Creation 159 Nomination Committee Report 14 Chairperson's Message 161 Report of the Investment Committee 18 Managing Director's Review 163 Report of the Risk Mangement Committee 21 To Our Investors 165 Strategy Review Committee Report 22 Strategic Report 166 Directors' Statement on Internal Control 28 Awards & Accolades 168 Annual Report of the Board of Directors 175 Directors' Interest in Contracts with the Group/ 03 RESPONSIBLE LEADERSHIP Company 30 Board of Directors 176 Directors' Responsibility
    [Show full text]
  • Gender, Lineage, and Localization in Sri Lanka's
    GLOBAL NETWORKS, LOCAL ASPIRATIONS: GENDER, LINEAGE, AND LOCALIZATION IN SRI LANKA’S BHIKKHUNĪ ORDINATION DISPUTE by TYLER A. LEHRER B.A., California State University, Sacramento, 2013 A thesis submitted to the Faculty of the Graduate School of the University of Colorado in partial fulfillment of the requirement for the degree of Master of Arts Department of Religious Studies 2016 This thesis entitled: Global Networks, Local Aspirations: Gender, Lineage, and Localization in Sri Lanka’s Bhikkhunī Ordination Dispute written by Tyler A. Lehrer has been approved for the Department of Religious Studies ________________________________________________________ Dr. Holly Gayley, Committee Chair Assistant Professor, Religious Studies ________________________________________________________ Dr. Deborah Whitehead Associate Professor, Religious Studies ________________________________________________________ Dr. Carla Jones Associate Professor, Anthropology Date _____________________ The final copy of this thesis has been examined by the signatories, and we find that both the content and the form meet acceptable presentation standards of scholarly work in religious studies. IRB protocol #: 15-0563 iii Lehrer, Tyler A. (M.A., Religious Studies) Global Networks, Local Aspirations: Gender, Lineage, and Localization in Sri Lanka’s Bhikkhunī Ordination Dispute Thesis directed by Assistant Professor Dr. Holly Gayley This thesis investigates many of the figures and events that have made full ordinations of Buddhist nuns (bhikkhunīs) both possible and contested
    [Show full text]
  • © DLIFLC | I SRI LANKA in Perspective an Orientation Guide
    SRI LANKA in Perspective An Orientation Guide © DLIFLC | i SRI LANKA in Perspective An Orientation Guide TABLE OF CONTENTS CHAPTER 1: GEOGRAPHY......................................................................................................... 1 Introduction .............................................................................................................................. 1 Geographic Divisions and Topographic Features .................................................................... 1 Knuckles Mountains ......................................................................................................... 2 Hanthana Mountains ......................................................................................................... 2 Sabaragamuwa Mountains ................................................................................................ 2 Climate ..................................................................................................................................... 3 Rivers and Bodies of Water ..................................................................................................... 3 Indian Ocean ..................................................................................................................... 3 Bay of Bengal ................................................................................................................... 3 Palk Bay ............................................................................................................................ 4
    [Show full text]
  • List of Execution Venues Made Available by Societe Generale
    List of Execution Venues made available by Societe Generale January 2018 Note that this list of Execution Venues is not exhaustive and will be kept under review and updated in accordance with Societe Generale’s execution practices. Societe Generale reserves the right to use other Execution Venues in addition to those listed below where it deems it appropriate in accordance with execution practices. Where Societe Generale acts as the Execution Venue, it will consider all sources of reasonably available information to obtain the best possible outcome. Fixed Income . The main Execution Venue is Societe Generale SA (and its affiliates) . When the trading obligation for derivatives applies, execution will take place on MiFID trading venues (Regulated Markets, or MTF or OTF or all equivalent venues as SEF) Alternative Venues include: BGC Bloomberg Bloomberg FIET Brokertec GFI Marketaxess MTP MTS TP ICAP Tradeweb Tradition Forex . The main Execution Venue is Societe Generale SA (and its affiliates) Alternative Venues include: 360T Alpha BGC Bloomberg Currenex EBS Equilend FX Connect FX Spotstream FXall Hotpspot ICAP Integral FX inside Reuters Tradertools Cash Equities Abu Dhabi Securities Exchange EDGEA Exchange NYSE Amex Alpha EDGEX Exchange NYSE Arca AlphaY EDGX NYSE Stock Exchange Aquis Equilend Omega ARCA Stocks Euronext Amsterdam OMX Copenhagen ASX Centre Point Euronext Block OMX Helsinki Athens Stock Exchange Euronext Brussels OMX Stockholm ATHEX Euronext Cash Amsterdam OneChicago Australia Securities Exchange Euronext Cash Brussels Oslo
    [Show full text]
  • Prospectus Bogawantalawa Tea Estates
    PROSPECTUS BOGAWANTALAWA TEA ESTATES PLC ISSUE OF 10,000,000 SENIOR, LISTED, RATED, CONVERTIBLE, UNSECURED, REDEEMABLE, LKR 100 DEBENTURES ISSUED AT LKR 85 EACH TO RAISE SRI LANKA RUPEES EIGHT HUNDRED AND FIFTY MILLION (LKR 850,000,000) TO BE LISTED ON THE COLOMBO STOCK EXCHANGE Rated [SL] BBB+ with Negative Outlook by ICRA Lanka Limited ISSUE OPENS ON 18TH JULY 2019 MANAGERS TO THE ISSUE TRUSTEES TO THE ISSUE Areva Investments (Pvt) Ltd Hatton National Bank PLC PROSPECTUS BOGAWANTALAWA TEA ESTATES PLC ISSUE OF 10,000,000 SENIOR, LISTED, RATED, CONVERTIBLE, UNSECURED, REDEEMABLE, LKR 100 DEBENTURES ISSUED AT LKR 85 EACH TO RAISE SRI LANKA RUPEES EIGHT HUNDRED AND FIFTY MILLION (LKR 850,000,000) TO BE LISTED ON THE COLOMBO STOCK EXCHANGE Rated [SL] BBB+ with Negative Outlook by ICRA Lanka Limited ISSUE OPENS ON 18TH JULY 2019 MANAGERS TO THE ISSUE TRUSTEES TO THE ISSUE Areva Investments (Pvt) Ltd Hatton National Bank PLC “THE COLOMBO STOCK EXCHANGE (CSE) HAS TAKEN REASONABLE CARE TO ENSURE FULL AND FAIR DISCLOSURE OF INFORMATION IN THIS PROSPECTUS. HOWEVER, THE CSE ASSUMES NO RESPONSIBILITY FOR THE ACCURACY OF THE STATEMENTS MADE, OPINIONS EXPRESSED OR REPORTS INCLUDED IN THE PROSPECTUS. MOREOVER, THE CSE DOES NOT REGULATE THE PRICING OF THE DEBENTURES ISSUED HEREIN, WHICH IS DECIDED SLOELY BY THE ISSUER. THE DELIVERY OF THIS PROSPECTUS SHALL NOT UNDER ANY CIRCUMSTANCE CONSTITUTE A REPRESENTATION OR CREATE ANY IMPLICATION OR SUGGESTION THAT THERE HAS BEEN NO MATERIAL CHANGE IN THE AFFAIRS OF THE COMPANY SINCE THE DATE OF THE PROSPECTUS. IF THERE IS A MATERIAL CHANGE, SUCH MATERIAL CHANGE WILL BE DISCLOSED TO THE MARKET.
    [Show full text]
  • Listing on the Colombo Stock Exchange
    Contents Listing on the Colombo Stock Exchange 2 Success Stories 11 Going public: Is an IPO right for your company? 13 The Listing Process 17 Life as a listed company 25 FAQs 27 Key Contacts 29 1 Listing on the Colombo Stock Exchange About CSE A Steady Growth Trajectory Profile At CSE, we are focused on doing what we do best and that includes further developing the exchange and leveraging our The Colombo Stock Exchange (CSE) is the nucleus of Sri strength to be not only a leading international marketplace Lanka’s capital market as the licensed operator of the stock for securities focused on Sri Lanka but also for the rest of market. We are regulated by the Securities and Exchange the region. We are poised to diversify with the planned Commission of Sri Lanka (SEC) and was incorporated as a introduction of multi-currency markets and other new company limited by guarantee over 30 years ago. products. Alongside the wider community which interact with us, our core stakeholder base constitutes of 31 Members and In the midst of the various growth initiatives we are pursuing, Trading Members, 295 issuers, 750,000 investors, over 150 what remains unchanged is our focus on maintaining our employees, and other stakeholders. market’s integrity and quality. We are fully aware that only operating an open, secure, fair, orderly and transparent As an institution of national significance, we maintain marketplace will offer us the investor confidence required to an unwavering focus and commitment towards creating make the expansion of our exchange possible. conditions that support growth.
    [Show full text]
  • The List of Approved Stock Exchanges
    November 9, 2018 The following stock exchanges are approved by the Cayman Islands Monetary Authority for purposes of the Regulatory Laws pursuant to the Authority’s Regulatory Policy – Approved Stock Exchanges. Note: This list is for illustrative purposes only and is subject to change. To verify whether a stock exchange is approved by the Cayman Islands Monetary Authority, please refer to the Regulatory Policy – Approved Stock Exchanges. Amman Stock Exchange Deutsche Borse Athens Exchange Dusseldorf Stock Exchange Australian Securities Exchange EDX London Barbados Stock Exchange Eurex BATS Exchange Euronext Bayerische Borse AG Fukuoka Stock Exchange* Berlin Stock Exchange Gibraltar Stock Exchange Bermuda Stock Exchange Hong Kong Exchange and Clearing BM&F Bovespa Indonesia Stock Exchange BME Spanish Exchanges Intercontinental Exchange BOAG Borsen AG International Securities Exchange Bolsa de Comercio de Buenos Aires Irish Stock Exchange Bolsa de Comercio de Santiago Istanbul Stock Exchange Bolsa de Valores de Caracas* Jamaica Stock Exchange Bolsa de Valores de Colombia JASDAQ Bolsa de Valores de Lima Johannesburg Stock Exchange Bombay Stock Exchange Korea Stock Exchange Borsa Italiana SPA London Stock Exchange Bratislava Stock Exchange Ljubljana Stock Exchange Bucharest Stock Exchange Luxembourg Stock Exchange Budapest Stock Exchange Madrid Stock Exchange Bulgarian Stock Exchange Malaysia Stock Exchange Cayman Islands Stock Exchange Malta Stock Exchange Channel Islands Stock Exchange* Mexican Stock Exchange Chicago Board Options Exchange
    [Show full text]
  • Over 1200 Foreign Buyers and Investors Attend EXPO 2012
    PUBLISHED BY THE TIMES OF SRI LANKA IN TORONTO, CANADA VOLUME 18 – APRIL 2012 Over 1200 foreign buyers and investors attend EXPO 2012 Sri Lanka President Mahinda Rajapaksa officially opened EXPO 2012 around 10:30 am on March 28, flanked by Industry & Commerce Minister Rishad Bathiudeen and Sri Lanka Export Development Board Chairman Janaka Ratnayaka. Over 1200 foreign delegates, diplomats, trade commissioners, corporate and business leaders were present to take in the engaging opening ceremony at BMICH. Addressing the large gathering, President Rajapaksa welcomed the delegates and distinguished guests and said that Sri Lanka is now open for business and invited the delegates to invest in Sri Lanka. “Peace has dawned on the country and Sri Lanka is experiencing a tremendous growth pattern that is consistent with a rapidly developing country”, said the president. President Rajapaksa explained that Asia, as a region is acclaimed today as the new economic hub of the world, and along with this positioning Sri Lanka is making giant strides to build its vision as a strategically important economic centre within the region. “This is why Foreign Direct Investment (FDI) in Sri Lanka has more than doubled in the past year. Statistics of new inflows to the Colombo Stock Exchange (CSE) remain buoyant just as much as the inflows of investment in commercial banks. Foreign investors are ready to place their trust in Sri Lanka’s Development bonds. CSE has also seen many new Initial Public Offerings (IPO),” said the president. “International hotel chains like Shangri-la, Sun City and Sheraton have decided to invest in Sri Lanka, while there are many others in the investment pipeline.
    [Show full text]
  • 11082/Sampath Eng. Final
    Where technology and tradition meet The world may be spinning at a dizzying rate with technology setting a breathtaking pace. But Sampath Bank understands that technology without the wisdom of tradition can slow everything down. Our approach to business is a confluence. A healthy borrowing of the two worlds. A merger that ultimately enriches our world, our life. Where Technology & Tradition meet.. In 1932, Wilhelm Geiger, a German Indologist wrote thus: We have been trailblazers – spearheading a path of ‘It is a well known fact that for hardly any part of the pioneering banking technology to Sri Lanka, presenting continent of India is there such an uninterrupted historical the future while creating history. We are constantly tradition as for the island of Ceylon’. So it was then, as scouring the world, looking for innovative technologies recorded in the ancient literary works of the Mahavamsa that would give our people an edge in this competitive and Chulavamsa, that Sri Lanka has always been regarded world. But, we do not use technology as it is. No – we as the bulwark of civilisation, drawing from traditions and customize the technology of the world to suit our more history to create a race of people revered as technologically diverse needs. Being a local bank, we serve a genre of advanced from eras gone by. customers from the elite residing in the chic echelons of Colombo to the farmer who toils in the rural outback. We Stone working technologies impacted us as far back as transform and adapt technology so that this eclectic mix of 5,000 BC.
    [Show full text]