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Monday June 21st, 2021
Finance

Sri Lanka banks to provide essential services during Covid-19 lockdown: Central Bank

Publish notices informing the general public how essential banking services can be obtained

3 minutes

Sri Lanka's private banks close amid COVID-19 lockdown; online services to continue

Banks have advised consumers to use 24-hour online services for their urgent banking needs

1 min read

Kenneth de Zilwa appointed Chairman of Lanka Clear

Central Bank Governor W D Lakshman had appointed de Zilwa for a period of three years

1 min read

Sri Lanka’s First Capital profits up more than 1,300% in March ’21 quarter  

The listed investment house ends pandemic-hit 2020/21 financial year doubling profits

2 min read

1
Sri Lanka money printing, state credit reduces in April

Central bank credit to government fell 21.7 billion rupees in March to 1,070 billion rupees

Imesh Ranasinghe
Sri Lanka central bank announces credit relief for third Coronavirus wave

Outstanding loans could be extended for T-bill plus 1

Sri Lanka raises finance company forex borrowing ceiling

Sri Lanka's central bank said it is raising the foreign borrowing limit of licensed finance companies (LFCs) to 20 to pe...

3 min read

Sri Lanka extends bar on banks buying sovereign bonds till April 23

Sri Lanka has extended a ban on commercial banks and the National Savings Bank buying sovereign bonds till April 23.

1 min read

Sri Lanka's Standard Chartered Bank 'AAA(lka)' rating confirmed: Fitch

Fitch Ratings has confirmed a 'AAA(lka)' rating of Sri Lanka's Standard Chartered Bank branch amid a rise in bad loans b...

4 min read

Most Sri Lanka Covid-19 moratorium debt recovering, about 20-pct under stress: regulator

A majority of borrowers given in Sri Lanka given a debt under moratorium given as relief during the Coronavirus have beg...

2 min read

Sri Lanka collects US$360mn from special forex accounts, extra time given

Sri Lanka's banks had collected 360 million dollars into special deposit accounts that pay extra interest, and the time ...

1 min read

Sri Lanka private credit up, SOEs borrow more in Feb 2021

Sri Lanka's credit to private business rose to 79.4 billion rupees in February 2021, the highest since September 2020, w...

2 min read

Sri Lanka's Bank of Ceylon plans Rs10bn venture fund

Sri Lanka's state-run Bank of Ceylon is planning a 10 billion rupees venture capital fund after seeing high balance shee...

2 min read

Sri Lanka's central bank invites public to open forex accounts

Sri Lanka's central bank is inviting members of the public who have in their hand legitimately acquired foreign currency...

2 min read

Sri Lanka credit card debt down, new card issues picking up

Sri Lanka's credit card debt has fallen sharply since a Coronavirus pandemic hit the country in March 2020, but new card...

2 min read

Sri Lanka Port City Economic Zone to have offshore banking, stock exchanges

Sri Lanka's Colombo Port City Special Economic Zone will have offshore banks for which regulations will be made by the P...

3 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.8265 199.8643
UK Pound 278.4682 279.8000
Euro 238.1133 239.8771
Aus Dollar 150.8590 152.4765
Yen 1.8136 1.8065
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6932 2.7276
Korea Won 0.1765 0.1772
Oman Rial 519.0434 519.1415
Saudi Riyal 53.2842 53.2943
UAE Dirham 54.4019 54.4122
Source: Central Bank/Indicative
pts %
S&P SL20 3,079.59 0.23%
CSE All Share 7,659.00 0.23%
Turnover Rs million. 3,955,091
Source: CSE
Latest Last
3-m bill 5.08 5.06
6-m bill 5.12 5.11
12-m bill 5.17 5.16
5-yr bond 7.30 7.31
8-yr bond 7.86 7.85
Source: Central Bank/Indicative
today yesterday
Overnight Money 4.67 4.67
Gilt Repo 4.68 4.68
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's Bank of Ceylon net down, strong loan growth in Dec

Profits at Sri Lanka's state-run Bank of Ceylon group fell 34 percent to 6.3 billion rupees in the December 2020 quarter...

2 min read

Sri Lanka halts banks from buying sovereign bonds till April 09

Sri Lanka has extended a ban on domestic bank purchases of international sovereign bonds till April 09, 2021, in a bid t...

2 min read

Sri Lanka failed finance company depositors to Rs9.8bn extra after insurance increased

Depositors of failed Sri Lanka finance companies will get 9.8 billion rupee more with the ceiling on deposits qualified ...

2 min read

1

Sri Lanka Savings Bank '[SL] BBB-' rating confirmed by ICRA

ECONOMYNEXT - State-run Sri Lanka' Savings Bank's '[SL] BBB-' domestic rating has been confirmed by ICRA Lanka, a rating...

6 min read

Sri Lanka to appoint foreclosure ombudsman, change mortgage laws: PM

Sri Lanka's Prime Minister Mahinda Rajapaksa has ordered that an ombudsman be appointed to review sales of assets given ...

2 min read

Sri Lanka extends debt moratorium on passenger transport vehicles

Sri Lanka has extended a moratorium on buses, school vans and three wheeler for a further six months from April 01, on r...

3 min read

2

Sri Lanka finance companies loan growth to slow, bad loans to rise

Sri Lanka's finance and leasing companies are likely to see weak loan growth and high bad loans amid a Coronavirus pande...

3 min read

Sri Lanka Coronavirus vaccines financed by HSBC-People's Bank trade loan

HSBC Sri Lanka said it had provided a trade loan to state-run People's Bank to import 500,000 Coronavirus vaccines to th...

1 min read

Sri Lanka's Peoples Bank gives credit relief to 480,000 customers, new credit

Sri Lanka's state-run People's Bank group said it had given relief to 480,000 customers amid a Coronavirus pandemic and ...

3 min read

Sri Lanka's Union Bank net down amid higher provisions

Profits at Sri Lanka's Union Bank fell 75 percent to 48 million rupees as net interest income fell and higher loan loss...

2 min read

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