Sep 03, 2019 (LBO) - Sri Lanka's Government emphasizes that the proposed amendments to the People's Bank
Act never aims to privatize People's Bank
of Commerce (OTCBB:PBCO) on Wednesday reported for the first quarter of 2019, a net income of USD839,000 or USD0.28 per diluted share, up compared to the net income of USD724,000 or USD0.26 per diluted share in the same quarter of 2018.
The recommendations of the Ahmed Joda committee was that the People's Bank
should be restructured and rationalised in accordance with its revised mandate, to strengthen its professional managerial capability for efficient delivery of services and better investment decisions.
Connie Amason is a vice president at People's Bank
PLC's Issuer Default Rating and National Long-Term Rating reflect Fitch's view that PLC's parent, the state-owned and systemically important People's Bank
(Sri Lanka) ( AA+(lka)/Stable) would provide PLC with extraordinary support, if required.
This decision reflects the position of Fitch that People's Bank
of Kazakhstan, currently owning 100 percent of Altyn Bank's shares, will support the subsidiary, if necessary, taking into account the small size of the bank, as well as the planned sale of the majority of the bank's shares to China's CITIC Bank Corporation Limited (CNCB).
Oregon, US-based People's Bank
of Commerce (OTCBB: PBCO) has acquired Oregon-based financial factoring company Steelhead Finance to include revenue from commercial and consumer lending activities, the company said.
of Commerce (OTCBB: PBCO) and Capital Associates, Inc., doing business as Steelhead Finance (Steelhead), jointly has announced the acquisition of Steelhead by People's Bank
in a cash and stock transaction, the companies said.
5 -- Commemorating 69th National Independence Day, the head office and all People's Bank
branches organized Independence Day celebrations island wide.
What is the People's Bank
of China's exchange rate policy stance?
An official working session was held on 18 April between the State of Qatar under HE the Governor of Qatar Central Bank Sheikh Abdullah bin Saud Al Thani and the People's Republic of China under President of the People's Bank
of China (Central Bank) Zhou Xiaochuan.