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Tuesday September 21st, 2021
Banking

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

6 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

6 min read

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

Finance companys face asset quality risks as bad loans rise

6 min read

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

The firm had made provisions and reported lower than industry NPLs

6 min read

Sri Lanka central bank recognizes Lanka Rating Agency

Capital requirements are calculated on ratings

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

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

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

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.9330 200.0000
UK Pound 273.2584 275.8000
Euro 234.6214 235.2700
Aus Dollar 145.2613 145.7600
Yen 1.8253 1.8202
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7157 2.7197
Korea Won 0.1687 0.1699
Oman Rial 519.3200 519.4940
Saudi Riyal 53.3140 53.3177
UAE Dirham 54.4309 54.4492
Source: Central Bank/Indicative
pts %
S&P SL20 3,291.87 0.67%
CSE All Share 8,801.95 -0.52%
Turnover Rs million. 2,191,558,044.10 3,801,149
Source: CSE
Latest Last
3-m bill 5.91 5.85
6-m bill 5.95 5.90
12-m bill 6.02 5.97
5-yr bond 8.90 8.69
8-yr bond 9.26 9.18
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

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

Belgian-based BIO to take 10-pct stake in Sri Lanka's SDB Bank

To invest Rs924mn in 88 million share sale

2 min read

US development lender commits US$225mn to Sri Lanka banks

DFCC gets US$150mn, NDB US$75n

1 min read

Sri Lanka's NDB gets US$75mn from US for women oriented lending

Credit line from United States International Development Finance Corporation

1 min read

Sri Lanka government bank overdraft soars to Rs620bn

By July window borrowings were also up

3 min read

Sri Lanka has imposed rules on banks buying sovereign bonds to manage risks: Central Bank

Limits on dollar borrowings

2 min read

Sri Lanka Fitch rated banks fare better than expected, bad loans 9.1-pct

Expects bad loans to rise to 10.5 percent by year end

3 min read

Sri Lanka top banks has high exposure to sovereign debt, past haircuts have averaged 37-pct: Fitch

"The exposure of Fitch-rated banks to the sovereign was 39-pct of assets and 471 percent of equity as at end-2020"

2 min read

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