An Echelon Media Company
Thursday December 2nd, 2021
Banking

Mark Surgenor heads HSBC Sri Lanka and Maldives

He had joined HSBC in 2009 and has worked in Europe, Latin America and Asia

5 min read

Sri Lanka's Bank of Ceylon profits down in Sept amid provisioning

Strong loan growth driven by overdrafts

5 min read

Sri Lanka's SDF is priced at a discount to peers, faster growth expected: IPO managers

New capital will remove capital constraints

5 min read

Sarvodaya DF modernizing Sri Lanka farming with mechanization, digital tech: CEO

This is basically what we call a shared economy ecosystem

5 min read

Sri Lanka's DFCC gets US$150mn from US development lender

One of the biggest issues faced by women entrepreneurs is limited access to finance, the US embassy said.

Sri Lanka HNB to lead syndicated loan for LNG combined cycle plan

First stage to be operational by 2023

1 min read

Sarvodaya sees Sri Lanka’s economic progress via 'horizontal sharing' model

Sarvodaya pioneered what we call a horizontal sharing of savings based lending - Ariyaratne

5 min read

Sri Lanka finance companies, bank fined by anti-money laundering office

Administrative Penalties by the Financial Intelligence Unit for the September quarter

4 min read

Sri Lanka's PABC Bank net up 89-pct in Sept 2021

Interest income up

2 min read

Sri Lanka's UBC net down 24-pct in Sept 2021

Net interest income fall amid debt moratorium

2 min read

Sri Lanka's UBC net down 24-pct in Sept 2021

Profits at Sri Lanka’s Union Bank of Colombo (UBC) group fell 24 percent to 182 million rupees from a year earlier

2 min read

Sri Lankas's DFCC profits up three-fold in Sept21 quarter

Net interest income sharply up

2 min read

Sri Lanka's Seylan Bank net up 86-pct in Sept 2021

Interest costs fall

2 min read

Sri Lanka state bank says acting on court order after China embassy 'blacklisting'

Court blocked payment over contaminated fertilizer

2 min read

Sri Lanka’s Sarvodaya DF looks for international marketing after IPO

Taking capital to rural areas

4 min read

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Latest Last
US Dollar 202.0474 202.0474
UK Pound 268.7331 269.2383
Euro 228.7177 228.3338
Aus Dollar 144.3831 144.4841
Yen 1.7815 1.7776
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6936 2.6920
Korea Won 0.1711 0.1702
Oman Rial 524.7916 524.7916
Saudi Riyal 53.8563 53.8592
UAE Dirham 55.0073 55.0073
Source: Central Bank/Indicative
pts %
S&P SL20 3,900.02 1.84%
CSE All Share 11,440.53 2.13%
Turnover Rs million. 2,191,558,044.10 10,054,526,815
Source: CSE
Latest Last
3-m bill 7.56 7.63
6-m bill 7.91 7.88
12-m bill 8.25 8.16
5-yr bond 10.56 10.58
8-yr bond 11.21 11.20
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka CB drives QR code use in digital payment push

In the current COVID-19 global pandemic, it is now more important than ever to reduce the usage of cash

1 min read

Sri Lanka CB chief to discuss with CRIB, banks on covid-hit bad loans

Covid treatment of CRIB

3 min read

Sri Lanka's Commercial Bank says its QR code app draws 100,000 users

Various bills can be paid using the app

2 min read

Sri Lanka's NTB 'A(lka)' rating confirmed by Fitch amid slowing credit

NTB had a higher concentration on leasing and credit cards and weak asset quality than peers.

6 min read

Sri Lanka's SDB 'BB+(lka)' rating confirmed by Fitch amid strong credit growth

"We do not expect near-term pressure on SDB's liquidity as it has not fully utilized the proceeds from its capital

5 min read

Sri Lanka CB to set up mobile app for remittances

SL-Remit to make it cheaper

1 min read

Sri Lanka banks asked not to auction loan security till March, interest relief

Vehicle 'bubble' to be curbed

1 min read

Sri Lanka Central Bank issues circular on Stage III Covid linked bad loans

Banks with the approval of the Board of Directors were asked to set guidelines for loan impairment.

1 min read

Sri Lanka lifts price control on T-bills in key stability move

The controls had been in place from April 2020 and had had driven liquidity injections and reserve losses

3 min read

Sri Lanka finance companies hit by import controls: Fitch

The higher prices have supported loan recoveries from repossession in the near term but may expose firms to price falls

2 min read

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