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Sunday December 10th, 2023

Sri Lanka to strengthen deposit insurance with World Bank funds

The World Bank will provide 150 million US dollars as a loan for Sri Lanka's deposit insurance scheme

December 6, 2023 1 min read

Sri Lanka banks seek exceptions on single borrower limits for dollar placements

Banks have seen a sharp reversal in net foreign assets over the past year

December 6, 2023 3 min read

Sri Lanka new single borrower limits seen having 'drastic effect' on private credit

We are an outlier in the region also. So we have to fix at some point. The question is should we fix it now?

December 4, 2023 5 min read

Sri Lanka NPLs seen peaking around 13-pct, some sectors hit up to 30-pct

Hotels, transport and arts and entertainment sectors had bad loans of 30 to 20 percent

December 1, 2023 4 min read
Sri Lanka's Bank of Ceylon viability rating on watch on recapitalization

Pending possible recapitalization for losses from state enterprise funding, while confirming a long-term rating at 'CC'

Sri Lanka finance leasing companies face risks from gold price fall: Fitch

NPLs of pawning loans are lower than others, but the number has risen

Sri Lanka gets US$150mn from World Bank for deposit insurance

Strengthening the Deposit Insurance Scheme will help protect the savings of smaller depositors

November 10, 2023 3 min read

New authority for regulation of microfinance institutions: Minister

Although there are about 11,000 microfinance institutions operating in the country, only 5 of them have been registered

November 6, 2023 1 min read

State Bank of India opens two new branches in Sri Lanka’s North, East

With the latest expansion, SBI will have seven branches in Sri Lanka

November 1, 2023 2 min read

Sri Lanka's PABC Bank net up 214-pct in Sept

Bank increases provisions for ISBs

October 29, 2023 2 min read

Choudary Group completes acquisition of Sri Lanka's Union Bank

we want to also look at the possibility of Union Bank's expansion to markets such as Africa, Nepal and Bhutan

October 25, 2023 2 min read

Sri Lanka senior citizens get tax refund on interest income

Sri Lanka is to refund advance income tax (AIT) deducted on interest income of senior citizens, IRD announced.

October 24, 2023 1 min read

Sri Lanka CB collects penalties from 4 finance firms for non-compliance


October 17, 2023 3 min read

Four Sri Lanka bank-controlled finance company ratings confirmed: Fitch

Rating confirmations follow similar action on parents

October 13, 2023 4 min read

Sri Lanka private credit positive for third month in August: analysis

CB credit down in a month that also saw an SRR cut

October 8, 2023 2 min read

Fitch removes negative rating watch on 15 Sri Lanka banks

Underlying ratings confirmed

October 5, 2023 7 min read
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Sri Lanka bank bad loan expansion slows in June quarter

Bad loans defined as 'Stage 3' to total advances went up by 0.5-pct in 2023

September 30, 2023 2 min read

Sri Lanka private credit flat in July, govt credit up

Rupee fall changes outstanding debt value

September 4, 2023 1 min read

Sri Lanka to give 12-pct subsidized loans for small millers to buy paddy

The loan will have to be repaid in 180 days.

September 3, 2023 1 min read

Sri Lanka banks covered larger part of SLDB exposure: CB Governor


August 25, 2023 2 min read

Sri Lanka central bank may tighten price controls further if rates don't fall faster

In the first set of controls, ceilings would be imposed on selected credit products

August 24, 2023 2 min read

Bangladesh expects Sri Lanka to repay US$200mn swap by September: report

Bangladesh expects the next installment within two weeks, the newspaper said.

Nethmi Rajawasam
August 22, 2023 2 min read

Sri Lanka's Commercial Bank profits trimmed by rupee gains in June quarter

Rupee asset values down amid currency gain

August 13, 2023 1 min read

Sri Lanka to plug gaps in anti-money laundering, counter terror financing rules

Sri Lanka to face an evaluation by the Asia Pacific Regional Group on Money Laundering from March 2025

Apsara Rodrigo
August 8, 2023 1 min read

Sri Lanka private credit positive in June, money printed, rupee down

Private credit positive for the first time since May 2023

August 6, 2023 2 min read

Sri Lanka's National Development Bank 'A-(lka)' rating maintained: Fitch

Risks to Sri Lankan banks' operating environment (OE) remains high

July 31, 2023 6 min read
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