LB Finance gets nod to operate microfinance business in Myanmar

L B Finance PLC’s overseas foray has borne fruit with the company successfully securing a licence to run a microfinance business in the southern central part of Myanmar, which is slowly opening up after decades of military rule. L B Finance, a non-bank lender with an asset base of Rs.109 billion, last week said it […]

Sampath Bank funds mega hotel development project in Myanmar

Sampath Bank PLC, a pioneer in introducing revolutionary financial solutions with a strong footing in the Sri Lankan market, announced that it had successfully concluded a loan transaction with Yangon based hotel developer Family Business Group Hotel Limited (FBGHL), Myanmar. This loan marks yet another giant stride in the steady rise of the Bank’s off-shore […]