Notable
CitiSL's focus on top tier corporates and multinational clients has helped shield it from asset-quality
"We expect SCBSL to focus on the corporate and institutional banking segment,
Investigation focused on the bank's outstanding loan balances exceeding Rs. 5 million as of September 30
NDBIB had done several financings for Maldives based firms including IPOs
The transaction was supposed to conclude in early 2026
The scam marks one of the most sophisticated, long-running insider financial crimes in Sri Lanka's corporate history
The 2024 last quarter also saw ISB restructuring which boosted profits
The delegation engaged with local authorities to discuss Sri Lanka’s preparedness
By February most of the excess liquidity came from dollar purchases
State Mortgage and Investment Bank is a licensed specialised bank fully owned by the government of Sri Lanka
Relief measures include rescheduling credit facilities, extending time to start repayments, waving unpaid interest,
The bank will continue to serve clients as usual during the transition period, which was expected to take 15-18 months. ...
Acted swiftly to fortify systems, isolate the affected components, and engage cybersecurity experts
The willingness to lend in the banking sector increased during 2024 Q4 compared to the previous quarter
The outlook is stable.
Outlook Stable
| Latest | Last | |
|---|---|---|
| US Dollar | 332.3603 | 330.8514 |
| UK Pound | 440.9424 | 438.3450 |
| Euro | 368.4879 | 371.0168 |
| Yen | 2.0805 | 2.0916 |
| Aus Dollar | 227.4342 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.5474 | 3.4202 |
| Korean Won | 0.2492 | 0.2479 |
| Oman Rial | 863.2287 | 859.3320 |
| Saudi Riyal | 88.5586 | 88.0955 |
| UAE Dirham | 90.4874 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,365.57 | +0.26% |
| CSE All Share | 22,157.40 | +0.56% |
| Turnover Rs | 2975.05 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
Loans grew 17.7 percent to 1,384 billion rupees during 2024.
.
Net fee and commission income grew 11 percent to 1.36 billion rupees
Exit yields determined on guidelines issued by ICASL in Dec 2024
We anticipate that a focused approach to strengthen key sectors
Fitch rates the proposed Basel III Tier 2 notes two notches below the bank's National Long-Term Rating.
Divestment of its 50% stake in Acuity Partners is unlikely to result in a material improvement in its regulatory capital
Out of the 789 billion rupees of annual private credit, 583 billion rupees came in the last five month of the year.
Long-term referral bancassurance partnership for life insurance products
The two-notch upgrade is part of Fitch Rating's recalibration of the Sri Lankan national rating scale following the sove
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