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Tuesday May 30th, 2023

Damith Pallewatte to be next CEO of Sri Lanka's Hatton National Bank

He will succeed Jonathan Alles, who is retiring from August 23,2024

May 28, 2023 1 min read

Sri Lanka bank net foreign assets turn positive: analysis

Paying down foreign loans narrows the current account deficit or generates a surplus

May 22, 2023 3 min read

Sri Lanka Bank of Ceylon net down 34.7-pct in March 2023 quarter

BoC keeps lending rate growth below the pace of deposit rates

May 21, 2023 2 min read

Sri Lanka Commercial bank Net down 63-pct in March quarter

Loan loss provisions were up 14.04 percent to 6.7 billion rupees in the quarter.

May 16, 2023 2 min read

Sri Lanka's HNB Net up 44-pct in March 2023 quarter

In the quarter HNB made provisions of 11.7 billion rupees, down from 13.5 billion rupees.

May 15, 2023 2 min read

Sri Lanka private credit contracts in March, partly driven by rupee gain

Credit to government continues to grow

May 15, 2023 1 min read

Sri Lanka's DFCC Bank net profit up in March 2023 quarter

Sri Lanka’s DFCC Bank has reported profits of 2.1 billion rupees for the March 2023 quarter

May 12, 2023 2 min read

Sri Lanka bank deposits protected in any domestic debt optimization: CB Governor

A key objective of the central bank is maintaining financial sector stability

May 10, 2023 2 min read

Sri Lanka banks say regulator assured sector stability in debt restructure

An overall debt restructuring plan is due to be announced later in in May

May 7, 2023 3 min read

Sri Lanka parliament to debate draft central bank law on May 11

Welfare Benefit Payment Scheme under the Welfare Benefit Act will be taken up on May 12

May 4, 2023 1 min read

Sri Lanka cabinet clears banking special provisions bill

Expected to increase crisis management powers

May 4, 2023 1 min read

Sri Lanka Seylan bank Net up 5.8-pct in March quarter

Trading gains fell 101.13 percent to 40 million rupees from the same quarter last year.

May 2, 2023 1 min read

Sri Lanka to borrow $150mn from World Bank for financial safety net

Money to be used to bolster deposit insurance scheme

April 25, 2023 2 min read

Sri Lanka private credit negative for the ninth month in April


April 10, 2023 2 min read
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Latest Last
US Dollar 289.8986 297.6055
UK Pound 357.3274 366.5521
Euro 310.0947 318.4855
Aus Dollar 188.4531 193.2296
Yen 2.0576 2.1257
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6214 3.6680
Korea Won 0.2261 0.2291
Oman Rial 776.9541 787.6684
Saudi Riyal 79.7546 80.8650
UAE Dirham 81.4508 82.5849
Source: Central Bank/Indicative
pts %
S&P SL20 2,428.92 -2.09%
CSE All Share 8,575.11 -1.40%
Turnover Rs million 518,927,793 893,539,637
Source: CSE
Latest Last
3-m bill 24.64 24.60
6-m bill 24.24 24.36
12-m bill 22.37 22.36
5-yr bond 24.98 24.79
8-yr bond 23.82 23.16
Source: Central Bank/Indicative
today yesterday
Overnight Money 16.49 16.49
Gilt Repo 16.50 16.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka SMEs in trouble over 7-pct output gap targeting loans

Output gap targeting is to be legalized in a controversial new monetary law

April 2, 2023 4 min read

Sri Lanka launches lower cost national credit card to draw SMEs

The three credit and two debit cards will work on Sri Lanka's Lanka Pay Network and also on JCB's international network

March 31, 2023 2 min read

Sri Lanka’s Standard Chartered Bank ‘AAA(lka)’ rating confirmed: Fitch

This expectation is driven by SCBSL's status as a branch of SCB

March 30, 2023 3 min read

Fitch confirms Citibank Sri Lanka unit at ‘AAA(lka)’

Fitch Ratings said it has confirmed Citibank N.A. Colombo Branch’s (CitiSL) National Long-Term Rating at ‘AAA(lka)â€...

March 30, 2023 3 min read

Sri Lanka banks may need Rs1.4trn in capital, govt to inject cash

Nine banks accounting for 90-pct of assets under the microscope

March 21, 2023 2 min read

Sri Lanka private de-leveraging hit new record in Jan 2023, driving BOP surplus

Private credit fall comes amid falling inflation and de-leveraging

March 13, 2023 2 min read

US banks shut amid Sri Lanka style mark-to-market losses after Powell inflationism

Silvergate Bank had exposure to crypto assets that bubbled during Fed money printing

March 11, 2023 3 min read

Sri Lanka to set up financial sector crisis committee

Changes are also planned to a Banking (Special Provisions) Act

March 8, 2023 1 min read

Sri Lanka begins asset quality review of five banks

Consultants have started work and they are working on five banks

March 7, 2023 2 min read

Sri Lanka requests banks to re-structure loans of SMEs, wage earners, pensioners

After assessing the repayment capacity, to restructure the loans

March 6, 2023 1 min read
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