Notable
Acquisitions of HDFC and SMIB by BOC and PB, respectively, would result in HDFC and SMIB benefitting from new owners
NTB expects acquisition of HSBC's retail banking business will be catalyst for the next growth phase
Growth in fee income
SMIB was established under Act No. 13 of 1975 and commenced operations in January 1979.
This brings about 200,000 retail customer accounts under NTB
Although the net percentage balance increased, it remained in the negative territory
Involvement in this syndicated loan aligns with Sampath's strategic objectives to enhance investment portfolio
Construction investment credit is usually one of the big beneficiaries when central banks print money
NPLs in foreign banks and domestic systemically important banks falling
At least half the directors shall be non-executive
"A key outcome aimed for through the MoU is to enable greater access for financing for Sri Lanka’s private sector
Kapila Prasanna Ariyaratne was previously at Seylan Bank
Central Bank contracted 51 billion rupees
Functioning of Banks on 23rd September 2024
| 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 | - | - |
The debentures were issued at 100 rupees each to raise 5 billion, with an option to issue a further tranches
Fitch Ratings has assigned MCB Bank Limited - Sri Lanka Branch (MCBSL) a first-time National Long-Term Rating of 'AA-(lk
Six local banks already approved, seven others have applied
The revision in UBF 's Outlook stems from similar action on its parent, Union Bank of Colombo PLC
The green bond issuance, a first, will benefit the solar sector in the country, the bank said.
Government credit also positive
all procedures related to the liquidation of its subsidiary Commex Sri Lanka S R L in Italy have been completed
Commercial Bank will issue 50 million redeemable green bonds at 100 rupees each for a tenure of five years.
Debentures with a non-viability conversion will be offered at 100 rupees each.
We believe the acquisition, if it proceeds, would have only a modest impact on HNB’s capital
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