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

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by ErangaDS Yesterday at 10:24 am

» UNION ASSURANCE PLC (UAL.N0000)
by ErangaDS Yesterday at 10:22 am

» ‘Port City Colombo makes progress in attracting key investments’
by samaritan Thu Apr 25, 2024 9:26 am

» Mahaweli Reach Hotels (MRH.N)
by SL-INVESTOR Wed Apr 24, 2024 11:25 pm

» THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000)
by SL-INVESTOR Wed Apr 24, 2024 11:23 pm

» ACCESS ENGINEERING PLC (AEL) Will pass IPO Price of Rs 25 ?????
by ddrperera Wed Apr 24, 2024 9:09 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by Beyondsenses Wed Apr 24, 2024 10:40 am

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by Beyondsenses Wed Apr 24, 2024 10:38 am

» LOLC FINANCE PLC (LOFC.N0000)
by Beyondsenses Wed Apr 24, 2024 10:20 am

» SRI LANKA TELECOM PLC (SLTL.N0000)
by sureshot Wed Apr 24, 2024 8:37 am

» COCR IN TROUBLE?
by D.G.Dayaratne Tue Apr 23, 2024 7:59 pm

» Sri Lanka confident of speedy debt resolution as positive economic reforms echoes at IMF/WB meetings
by samaritan Mon Apr 22, 2024 9:28 am

» TAFL is the most undervalued & highly potential counter in the Poultry Sector
by LAMDA Mon Apr 22, 2024 12:58 am

» Construction Sector Boom with Purchasing manager's indices
by rukshan1234 Thu Apr 18, 2024 11:24 pm

» Asha Securities and Asia Securities Target AEL (Access Enginnering PLC )
by Anushka Perz Wed Apr 17, 2024 10:30 pm

» Sri Lanka: China EXIM Bank Debt Moratorium to End in April 2024
by DeepFreakingValue Tue Apr 16, 2024 11:22 pm

» Uncertainty over impending elections could risk Lanka’s economic recovery: ADB
by God Father Tue Apr 16, 2024 2:47 pm

» Sri Lanka's Debt Restructuring Hits Roadblock with Bondholders
by God Father Tue Apr 16, 2024 2:42 pm

» BROWN'S INVESTMENTS SHOULD CONSIDER BUYING BITCOIN
by ADVENTUS Mon Apr 15, 2024 12:48 pm

» Bank run leading the way in 2024
by bkasun Sun Apr 14, 2024 3:21 pm

» ASPI: Undoing GR/Covid19!
by DeepFreakingValue Thu Apr 11, 2024 10:25 am

» Learn CSE Rules and Regulations with the help of AI Assistant
by ChatGPT Tue Apr 09, 2024 7:47 am

» Top AI tools in Sri Lanka
by ChatGPT Tue Apr 09, 2024 7:21 am

» HDFC- Best ever profit reported in 2023
by ApolloCSE Mon Apr 08, 2024 12:43 pm

» WAPO 200% UP
by LAMDA Sun Apr 07, 2024 10:41 pm

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

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

Banking & Finance sector consolidation in 2021

3 posters

Go down  Message [Page 1 of 1]

samaritan


Moderator
Moderator



AsiaSecurities - Banking & Finance sector consolidation in 2021 1602568793297?e=1616025600&v=beta&t=wgfMpYwFRT6DhLBDo6f9a8gVtJEOYOcyiUc9bQlOX5U


[size=14]Asia Securities
2,605 followers16h • Edited • 16 hours ago


Follow[/size]
[size=14]Hon. Ajith Nivard Cabraal, State Minister of Money & Capital Market and State Enterprise Reforms remains optimistic of the outlook for 2021 noting that, “Even with the COVID situation, Sri Lanka has been able to generate reasonable interest and robustness within the markets. Sri Lanka has adjusted to the ‘new norm’ reasonably well which can be seen in the 3Q GDP results.”

Speaking about the balance between the health sector and the economy, he stated that “These are two competing interests that are tough to reconcile. There is a need to isolate and lockdown the economy against the need to do business to take the country forward. However, Sri Lanka has been able to strike a reasonably good balance in this sense. Sri Lanka will not seek funding from the IMF as the country hopes to manage with the available resources, and we have sufficient resources to get through 2021. We will also see wide consolidation program between the banks and finance companies, ensuring strong and stable institutions to take the country forward. Further, we expect investments to come into the economy.”
AsiaSecurities - Banking & Finance sector consolidation in 2021 1608119194605?e=1611187200&v=beta&t=lH6Ij4PsArlwH7_vcfMVuiikS1NFd81SE1QflXjO8Z0
#AsiaSecurities #SriLanka #InvestmentConference
[/size]
(source: linkedin)

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Is there a deadline for the consolidation?

samaritan


Moderator
Moderator

glad wrote:Is there a deadline for the consolidation?
There is no deadline stated but it clearly says that the consolidation will take place in the year 2021. This has been an ambitious longstanding goal under the previous regime as well. Now that there is a dedicated Minister ANC under whose purview this comes under and him being a doer we will definitely see consolidation taking place in the banking & finance sector in 2021.

There is a strong possibility of a tie up between PABC & Sampath owing to DP factor and now that the green light is given.

Lets have some more discussion on the possibilities of mergers among other institutions in this sector.

ADVENTUS likes this post

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Thanks.
I thought the non-banking finance companies were requested/required to submit their proposals by 31st Dec 2020. I am not sure about it.

samaritan


Moderator
Moderator

CB promotes market-driven bank and finance company consolidation
“…. the Central Bank will continue to facilitate a market driven consolidation process, enabling small and medium-sized banks to merge with other banks, preferably with larger banks having sound financial positions and viable business models,” Prof. Lakshman said unveiling the monetary and financial sector policies for 2021 and beyond.


Several licensed finance companies have already announced their merger plans and several others have already tied the knot. More finance companies are expected to announce their willingness to travel on this path, as they are confronted with capital issues.



http://epaper.dailymirror.lk/epaper/viewer.aspx



UNQUOTE:

It is a fact that we have too many banks & NBFIs for the size of our economy and consolidation could create the much needed synergy in the sector.

Who are the potential partners in the Banking sector?
In my view one possible partners are PABC & Sampath, based on DP factor. NTB too may seek partnership with a larger bank. How about others?

geesura

geesura
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

samaritan wrote:CB promotes market-driven bank and finance company consolidation
“…. the Central Bank will continue to facilitate a market driven consolidation process, enabling small and medium-sized banks to merge with other banks, preferably with larger banks having sound financial positions and viable business models,” Prof. Lakshman said unveiling the monetary and financial sector policies for 2021 and beyond.


Several licensed finance companies have already announced their merger plans and several others have already tied the knot. More finance companies are expected to announce their willingness to travel on this path, as they are confronted with capital issues.



http://epaper.dailymirror.lk/epaper/viewer.aspx



UNQUOTE:

It is a fact that we have too many banks & NBFIs for the size of our economy and consolidation could create the much needed synergy in the sector.

Who are the potential partners in the Banking sector?
In my view one possible partners are PABC & Sampath, based on DP factor. NTB too may seek partnership with a larger bank. How about others?
COMB is strongest bank in SL

samaritan


Moderator
Moderator

geesura wrote:
samaritan wrote:CB promotes market-driven bank and finance company consolidation
“…. the Central Bank will continue to facilitate a market driven consolidation process, enabling small and medium-sized banks to merge with other banks, preferably with larger banks having sound financial positions and viable business models,” Prof. Lakshman said unveiling the monetary and financial sector policies for 2021 and beyond.


Several licensed finance companies have already announced their merger plans and several others have already tied the knot. More finance companies are expected to announce their willingness to travel on this path, as they are confronted with capital issues.



http://epaper.dailymirror.lk/epaper/viewer.aspx



UNQUOTE:

It is a fact that we have too many banks & NBFIs for the size of our economy and consolidation could create the much needed synergy in the sector.

Who are the potential partners in the Banking sector?
In my view one possible partners are PABC & Sampath, based on DP factor. NTB too may seek partnership with a larger bank. How about others?
COMB is strongest bank in SL
No doubt, what are the chances of them tying a knot with another small/medium size bank?

Sponsored content



Back to top  Message [Page 1 of 1]

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