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Sunday January 29th, 2023

Fitch downgrades Sri Lanka insurers after sovereign rating re-set

Insurers are on rating watch negative at the new level

January 19, 2023 7 min read

Sri Lanka private credit down Rs255bn since May 2022

Govt borrowings Rs114bn, partly due to high rates

January 17, 2023 3 min read

Fitch downgrades 10 Sri Lankan Banks after local sovereign rating cut

Sri Lanka sovereign rating

January 13, 2023 2 min read

Sri Lanka to review single borrower limits of banks, capital rules

Single borrower exposure limits will also be reviewed to reduce the sovereign-bank nexus

January 5, 2023 4 min read
Bad loan provisions erode Sri Lanka banks' profit amid looming domestic debt restructuring

Banking sector likely to collapse if government decides for domestic debt restructuring-analysts

Sri Lanka private credit negative, govt credit up in Oct

Private credit contracted 224.4 billion rupees in the five months to October

Sri Lanka banks may need more regulatory, accounting forbearance: Coomaraswamy

They have given some already

December 1, 2022 3 min read

Sri Lanka banks asked not to compete for deposits: CB Governor

We have made a request for banks not to compete for deposits

November 30, 2022 3 min read

Kevin Green to head HSBC wholesale banking in Sri Lanka, Maldives

To support firms expanding internationally

November 30, 2022 1 min read

Sri Lanka bank resolution framework cleared by cabinet

To come as Banking (Special Provisions) Act

November 22, 2022 1 min read

Sri Lanka banks facing challenges in current crisis as bad loans spike: Central Bank


November 10, 2022 2 min read

Sri Lanka to give cut-price loans to small and micro firms hit by crisis

For firms in agriculture, exports and and tourism

October 31, 2022 1 min read

Sri Lanka's Softlogic to raise Rs850mn from cash call

Shareholders would be given a rights issue of 100 shares for every existing 423 shares.

October 22, 2022 1 min read

Sri Lanka banks to be re-capitalized based diagnostic study: Deputy Governor

And based on the final outcome capitalization will also take place

October 7, 2022 2 min read

Sri Lanka plans deposit interest caps, more price controls: President

Limits will be imposed on deposit rates to reduce interest rates

October 6, 2022 2 min read

Sri Lanka private credit contracts in August, SOE credit down

CB credit slows

October 3, 2022 2 min read
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Latest Last
US Dollar 371.7127 371.6601
UK Pound 453.5962 453.9794
Euro 396.3156 396.4763
Aus Dollar 250.1862 251.1981
Yen 2.8251 2.7549
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.3961 4.3963
Korea Won 0.2820 0.2791
Oman Rial 943.2237 943.2268
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.8729 98.8786
Source: Central Bank/Indicative
pts %
S&P SL20 2,653.84 -1.51%
CSE All Share 8,420.26 -1.04%
Turnover Rs million 4,621,153,484 2,824,714,520
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's SDB to focus on export oriented and value creating businesses

Bank marks 25 years in business

September 9, 2022 2 min read

Sri Lanka to sell down 20-pct state banks shares to workers, depositors

All banks in Sri Lanka have faced capital depletion amid bad loans and rate rises

August 30, 2022 1 min read

Sri Lanka opposition MP Harsha de Silva chairs first public finance committee meeting

A Social Security Contribution Levy Bill was also approved, said the parliament statement.

August 24, 2022 1 min read

Sri Lanka clears offshore banks at Colombo Port City: Commission

New account created in all banks to help invest in Colombo Port City

August 5, 2022 1 min read

Sri Lanka private credit negative in June 2022, Rs189bn printed

Dollar denominated credit repaid by state and private borrowers

August 1, 2022 1 min read

Sri Lanka's NDB downgraded to 'A(lka)' amid soft-peg collapse

Has government securities

July 29, 2022 6 min read

Sri Lanka banks cut foreign borrowings, see more deposit dollarization

Under monetary instability it is not just ISBs that went up but also bank dollar borrowings

July 24, 2022 4 min read

Sri Lanka private credit tumbles in May, state credit also falls

Govt credit also moderates amid credit line

July 3, 2022 3 min read

Sri Lanka rupee guidance rate up 40 cents despite dollar shortage

Interbank transactions announced by the CBSL rose to 359.90, edging up 40 cents from the previous day’s 360.30.

June 28, 2022 1 min read

Sri Lanka's Bank of Ceylon downgraded to RD

We believe the foreign-currency funding and liquidity profile is highly stretched

June 27, 2022 8 min read
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