mainadimage
Modal!
An Echelon Media Company
Sunday October 24th, 2021
Banking

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

3 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.

3 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

3 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

Sri Lanka's LB Finance 'A-(lka)' rating confirmed

Finance companys face asset quality risks as bad loans rise

5 min read

Sri Lanka's Senkadagala Finance 'BBB+(lka)' rating confirmed, outlook stable

The firm had made provisions and reported lower than industry NPLs

4 min read

Sri Lanka central bank recognizes Lanka Rating Agency

Capital requirements are calculated on ratings

1 min read

Sri Lanka slaps 100-pct LC margin to discourage consumer imports amid money printing

Chocolates, spaghetti, apple juice, wine, oats, soya milk, dairy goods, lipsticks, carpets, coats anoraks

2 min read

Sri Lanka extends Coronavirus debt moratorium till December 31

Capital and interest to be rolled over T-Bill + 1

4 min read

Sri Lanka bank loans grow in July, CB credit soars in reserve appropriations

CB credit grown 318 billion rupees in July in record forex reserve losses

1 min read

Sri Lanka central bank orders 5.0-pct ceiling on foreign currency deposits

Special deposit accounts can pay a premium

4 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 201.0455 200.5117
UK Pound 277.3121 277.2676
Euro 233.7456 233.8869
Aus Dollar 150.2614 151.2660
Yen 1.7625 1.7543
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6854 2.6801
Korea Won 0.1705 0.1707
Oman Rial 522.2097 520.8231
Saudi Riyal 53.6007 53.4541
UAE Dirham 54.7338 54.5885
Source: Central Bank/Indicative
pts %
S&P SL20 3,572.70 0.54%
CSE All Share 9,881.50 1.78%
Turnover Rs million. 2,191,558,044.10 4,268,523
Source: CSE
Latest Last
3-m bill 7.19 6.64
6-m bill 7.31 6.80
12-m bill 7.46 6.96
5-yr bond 10.52 9.48
8-yr bond 11.37 9.97
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.11 5.11
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka credit cards can be used for foreign personal purchases not business: CB

No new forex regulations on credit cards

2 min read

Sri Lanka's Hatton National Bank net up 124-pct

Exchange gains, net interest income drive profits

1 min read

Fee income helps boost Sri Lanka’s Nations Trust Bank June profits

Steep rise in fee income

2 min read

Sri Lanka's Commercial Bank net up 52-pct in June quarter

Net interest income up on falling interest costs

1 min read

Sri Lanka’s Seylan Bank profits up 70 percent in June

Net interest and fee income up

1 min read

DFCC Bank Sri Lanka net down 19 percent in June quarter

Bank makes makes provisions to cover uncertainties

2 min read

Sri Lanka private borrowings surge to Rs83bn in June, CB credit Rs124bn

Sri Lanka private credit in the first six months of the year was 414 billion rupees

2 min read

NDB Bank Sri Lanka net up 55-pct in June 2021 quarter

Gains in both fee and net interest income

2 min read

Sampath Bank merchants to get payments from Diners Club, Discover and Amex via Paycorp

Six payment networks integrated

1 min read

Sri Lanka's People's Bank 'AA- (lk)' rating confirmed with 'stable' outlook

Forex loans reduced

6 min read

1 2 3 45