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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Sri Lanka Investment Forum 2021
by samaritan Today at 1:06 pm

» Related party transactions in Banks cause concerns
by ChooBoy Yesterday at 10:59 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 10:24 pm

» Japanese money laundering via PABC Bank raise CB eye brows
by Lotus Eater Yesterday at 9:34 pm

» Principal governmental and regulatory policies that govern the banking sector in Sri Lanka
by Lotus Eater Yesterday at 9:18 pm

» Ban of chemical fertilizers is a great news
by ADVENTUS Yesterday at 6:29 pm

» DIPD/HAYC/HAYL
by ADVENTUS Yesterday at 1:11 pm

» Peoples leasing technically positive Target Price Rs 20
by Eranx Yesterday at 11:30 am

» PEOPLE'S LEASING & FINANCE PLC
by Eranx Yesterday at 11:29 am

» "MFL" DEAL to 12 RS (multi finance plc)
by Bakka1988 Thu May 06, 2021 11:22 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by ONTHEMONEY Thu May 06, 2021 11:21 pm

» GLAS will be winner with Super Gain.
by Promoney Thu May 06, 2021 10:30 pm

» What happens in the market is absolutely 100% out of your control. Stock market for beginners
by Asoka Samarakone Thu May 06, 2021 9:45 pm

» Synergies of possible merger between Sampath Bank and PABC
by CHRONICLE™ Thu May 06, 2021 5:42 pm

» ACCESS ENGINEERING ( AEL.N )
by ADVENTUS Thu May 06, 2021 1:50 pm

» Prime Lands Residencies Limited (PLR)
by Nandun Thu May 06, 2021 10:42 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Captain Wed May 05, 2021 11:51 pm

» Growing Fear
by Wickyz Wed May 05, 2021 8:15 pm

» CONGRATULATIONS TO FINANCIAL CHRONICLE ON THIS 11TH YEAR
by CHRONICLE™ Wed May 05, 2021 3:31 pm

» HNB to merge with Seylan Bank?
by reyaz Wed May 05, 2021 11:37 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Banking & Finance sector consolidation in 2021

Banking & Finance sector consolidation in 2021

Go down  Message [Page 1 of 1]

samaritan


Moderator
Moderator


SriLanka - 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.”
SriLanka - Banking & Finance sector consolidation in 2021 1608119194605?e=1611187200&v=beta&t=lH6Ij4PsArlwH7_vcfMVuiikS1NFd81SE1QflXjO8Z0
#AsiaSecurities #SriLanka #InvestmentConference
[/size]
(source: linkedin)


_________________




The biggest risk in life is not taking any risk at all.

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.


_________________




The biggest risk in life is not taking any risk at all.

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?


_________________




The biggest risk in life is not taking any risk at all.

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?


_________________




The biggest risk in life is not taking any risk at all.

Sponsored content


Back to top  Message [Page 1 of 1]

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