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Sunday January 29th, 2023

Bad loan provisions erode Sri Lanka banks' profit amid looming domestic debt restructuring

Banking sector likely to collapse if government decides for domestic debt restructuring-analysts

December 28, 2022 4 min read

Sri Lanka private credit negative, govt credit up in Oct

Private credit contracted 224.4 billion rupees in the five months to October

December 5, 2022 2 min read

Sri Lanka banks may need more regulatory, accounting forbearance: Coomaraswamy

They have given some already

December 1, 2022 3 min read

Sri Lanka banks asked not to compete for deposits: CB Governor

We have made a request for banks not to compete for deposits

November 30, 2022 3 min read
Sri Lanka to review single borrower limits of banks, capital rules

Single borrower exposure limits will also be reviewed to reduce the sovereign-bank nexus

Sri Lanka to sell down 20-pct state banks shares to workers, depositors

All banks in Sri Lanka have faced capital depletion amid bad loans and rate rises

August 30, 2022 1 min read

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 private credit tumbles in May, state credit also falls

Govt credit also moderates amid credit line

July 3, 2022 3 min read

Sri Lanka's Bank of Ceylon downgraded to RD

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

June 27, 2022 8 min read

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
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Latest Last
US Dollar 371.7127 371.6601
UK Pound 453.5962 453.9794
Euro 396.3156 396.4763
Aus Dollar 250.1862 251.1981
Yen 2.8251 2.7549
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.3961 4.3963
Korea Won 0.2820 0.2791
Oman Rial 943.2237 943.2268
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Source: Central Bank/Indicative
pts %
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CSE All Share 8,420.26 -1.04%
Turnover Rs million 4,621,153,484 2,824,714,520
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
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 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

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