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Sunday August 14th, 2022
Banking

Sri Lanka clears offshore banks at Colombo Port City: Commission

New account created in all banks to help invest in Colombo Port City

August 5, 2022 1 min read

Sri Lanka private credit negative in June 2022, Rs189bn printed

Dollar denominated credit repaid by state and private borrowers

August 1, 2022 1 min read

Sri Lanka's NDB downgraded to 'A(lka)' amid soft-peg collapse

Has government securities

July 29, 2022 6 min read

Sri Lanka banks cut foreign borrowings, see more deposit dollarization

Under monetary instability it is not just ISBs that went up but also bank dollar borrowings

July 24, 2022 4 min read
Sri Lanka's Bank of Ceylon downgraded to RD

We believe the foreign-currency funding and liquidity profile is highly stretched

HSBC Group MD visits Sri Lanka to offer support

Rosha had met with key clients of the bank and discussed their challenges

June 19, 2022 1 min read

Sri Lanka's People's Bank clarifies NPA treatment

Non performing loans go through a recovery process

June 1, 2022 2 min read

Sri Lanka's People's Bank profits Rs7.4bn in March quarter

Times are extraordinary with the macro stresses clearly unprecedented

May 30, 2022 2 min read

Sri Lanka relaxes bank capital rules to cushion bond losses as rates spike

Banks face mark-to-market losses as well as bad loans from soft-peg crisis

May 24, 2022 2 min read

Sri Lanka bank credit jump Rs1.2trn in March in soft-peg collapse

Stability of foreign exchange rates was in their eyes a mischief, not a blessing

May 16, 2022 4 min read

Sri Lanka's Commercial Bank profits up 73-pct in March 2022 quarter

Net other operating income was loss of 12.2 billion rupees, loan loss provisions were down

May 16, 2022 2 min read

Sri Lanka central bank advances more dollars to banks

Total advanced to banks through swaps have risen to US$351mn

May 9, 2022 2 min read

Sri Lanka seeks forex liquidity support for state banks from AIIB

Minister Ali Sabry discussed the need for FOREX liquidity support for the state banks of Sri Lanka

May 9, 2022 1 min read

Sri Lanka tightens bank dividends, profit repatriation to preserve capital

Banks were also asked not to buy back shares, to use "extreme due diligence and prudence" in capex

May 8, 2022 1 min read

Sri Lanka's Bank of Ceylon 'CCC' rating place on watch for possible downgrade

Constrained access to foreign currency funding and indications of stress experienced by banks in the system as result

April 13, 2022 8 min read
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Latest Last
US Dollar 368.5670 368.6127
UK Pound 450.8744 447.0879
Euro 381.8782 378.4089
Aus Dollar 263.9965 258.8081
Yen 2.7764 2.7436
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.5327 4.5360
Korea Won 0.2766 0.2758
Oman Rial 937.2606 937.4943
Saudi Riyal 96.0666 95.9947
UAE Dirham 98.2413 98.2658
Source: Central Bank/Indicative
pts %
S&P SL20 3,072.01 4.88%
CSE All Share 9,027.48 3.69%
Turnover Rs million 6,339,984,932 4,506,916,091
Source: CSE
Latest Last
3-m bill 26.24 26.34
6-m bill 26.52 26.51
12-m bill 27.36 27.11
5-yr bond 23.86 23.10
8-yr bond 24.21 24.35
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka state private banks on watch for downgrade: Fitch

On heightened forex risks

April 13, 2022 4 min read

Sri Lanka CEB struggles to pay for coal, salaries amid tariff hike delay: report

State banks heavily exposed to energy utilities

March 29, 2022 2 min read

Sri Lanka opposition questions whether state bank delayed payment

Please look into this immediately

March 24, 2022 1 min read

Sri Lanka's LB Finance buys tiny Multi-Finance

A 64-pct stake for Rs400mn

March 16, 2022 1 min read

Sri Lanka price controls on credit cards, overdrafts, pawning to be raised: Central Bank

Credit cards (penal rates) now at 20-pct, T/ODs 18-pct and pawning 12-pct

March 4, 2022 1 min read

Sri Lanka's NTB Bank net up 77-pct in Dec 22 quarter

Strong credit growth

March 1, 2022 2 min read

Sri Lanka central bank not banned state banks from lending to CPC: CB Governor

CPC lending should be be under single borrower threshold

February 22, 2022 2 min read

Sri Lanka DFCC Bank net down 68-pct in Dec 22

DFCC's loan loss provisions in December quarter was 1.3 billion rupees up from 529.4 million a year earlier.

February 20, 2022 1 min read

Sri Lanka firms to sell dollar shares on stock exchange

Sri Lankan firms can now raise funds in foreign currencies through listing at Colombo Stock Exchange

February 19, 2022 2 min read
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Sri Lanka stocks fall to over 1-wk low on forced sales; LOFC boosts turnover

The key stock index has fallen 6.8 percent so far in February on forex, economic concerns

February 18, 2022 2 min read
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