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Monday October 18th, 2021

Sri Lanka Central Bank issues circular on Stage III Covid linked bad loans

Banks with the approval of the Board of Directors were asked to set guidelines for loan impairment.

3 min read

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

3 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

3 min read

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

Finance companys face asset quality risks as bad loans rise

3 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

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

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 200.0930 201.2500
UK Pound 274.9278 275.3503
Euro 231.9678 233.5204
Aus Dollar 148.4390 149.2873
Yen 1.7539 1.7676
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6665 2.6988
Korea Won 0.1689 0.1701
Oman Rial 519.7356 522.7409
Saudi Riyal 53.3468 53.6567
UAE Dirham 54.4745 54.7895
Source: Central Bank/Indicative
pts %
S&P SL20 3,546.17 -0.01%
CSE All Share 9,648.18 0.25%
Turnover Rs million. 2,191,558,044.10 705,911,605
Source: CSE
Latest Last
3-m bill 7.19 6.64
6-m bill 7.31 6.80
12-m bill 7.46 6.96
5-yr bond 10.52 9.48
8-yr bond 11.37 9.97
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

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

Sri Lanka private credit grows in May, state credit picks up

Private credit grows by over Rs55bn in April and May

1 min read

Sri Lanka banks that borrow to buy sovereign bonds face increased risk: Fitch

Refinancing risks are elevated

4 min read

Sri Lanka banks to provide essential services during Covid-19 lockdown: Central Bank

Publish notices informing the general public how essential banking services can be obtained

2 min read

Sri Lanka's private banks close amid COVID-19 lockdown; online services to continue

Banks have advised consumers to use 24-hour online services for their urgent banking needs

Mahadiya Hamza

1 min read

Kenneth de Zilwa appointed Chairman of Lanka Clear

Central Bank Governor W D Lakshman had appointed de Zilwa for a period of three years

1 min read