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Wednesday December 7th, 2022
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Private credit contracted 224.4 billion rupees in the five months to October
They have given some already
We have made a request for banks not to compete for deposits
To support firms expanding internationally
For firms in agriculture, exports and and tourism
And based on the final outcome capitalization will also take place
Limits will be imposed on deposit rates to reduce interest rates
CB credit slows
Bank marks 25 years in business
All banks in Sri Lanka have faced capital depletion amid bad loans and rate rises
New account created in all banks to help invest in Colombo Port City
Dollar denominated credit repaid by state and private borrowers
Has government securities
Under monetary instability it is not just ISBs that went up but also bank dollar borrowings
| Latest | Last | |
|---|---|---|
| US Dollar | 371.7757 | 371.7599 |
| UK Pound | 442.7119 | 438.8584 |
| Euro | 387.1945 | 385.3880 |
| Aus Dollar | 253.0234 | 251.0798 |
| Yen | 2.6686 | 2.6603 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 4.4818 | 4.4863 |
| Korea Won | 0.2748 | 0.2747 |
| Oman Rial | 944.1068 | 944.1068 |
| Saudi Riyal | 96.7270 | 96.7115 |
| UAE Dirham | 98.9627 | 98.9627 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,464.20 | -3.19% |
| CSE All Share | 8,087.04 | -2.47% |
| Turnover Rs million | 1,626,658,918 | 1,576,314,848 |
| 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 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 15.50 | 15.50 |
| Gilt Repo | 15.50 | 15.50 |
| I-m SLIBOR | - | - |
Govt credit also moderates amid credit line
We believe the foreign-currency funding and liquidity profile is highly stretched
Rosha had met with key clients of the bank and discussed their challenges
Non performing loans go through a recovery process
Times are extraordinary with the macro stresses clearly unprecedented
Banks face mark-to-market losses as well as bad loans from soft-peg crisis
Stability of foreign exchange rates was in their eyes a mischief, not a blessing
Net other operating income was loss of 12.2 billion rupees, loan loss provisions were down
Total advanced to banks through swaps have risen to US$351mn
Minister Ali Sabry discussed the need for FOREX liquidity support for the state banks of Sri Lanka
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