Notable
Credit to government down for second month
Motor vehicle LTV ratio cut to 50-pct
Lower provision for bad debt helps to boost bottom line in the quarter
Margin credit is also given by other market intermediaries
The bank's net interest income rose 16.9 percent to 84.8 billion rupees in 2025, while profit after tax surged by 69.5%
The forensic audit is expected to commence shortly
Bank Alfalah has a presence in UAE, Bahrain, Pakistan, Afghanistan and Bangladesh
The outlook for the fourth quarter was also positive
The banks will provide services to offshore customers and serve business within the Port City
Received applications for over LKR 12,000,000,000
He replaces Indrajit Asela Wickramasinghe
The funds are to be used to finance expansion
The bank reported earnings of 5.92 rupees per share for June quarter
Profits helped by lower provisions even as net interest income falls
The head office's credit profile remains constrained by the sovereign rating due to its high interconnectedness with the
The notes, which would be the first listed green bond issuance in Sri Lanka, will mature in three years with fixed coupo
| 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 | - | - |
120 million debentures at 100 rupees each to raise Rs12 billion
Provision reversals exceeds losses
Credit to state enterprises declined by 60 billion rupees in first six months
Fitch affirmed NDB's rupee denominated proposed and outstanding subordinated debt at 'BBB(EXP)(lka)' and 'BBB(lka)'
Fitch has also affirmed DFCC's senior and subordinated debt ratings of 'A-(lka)' and 'BBB(lka)', respectively.
The Outlook is Stable. Fitch also affirmed Seylan's Sri Lankan rupee-denominated outstanding subordinated debt at 'BBB
The Outlook is Stable. Fitch also affirmed Sampath's outstanding Sri Lankan rupee-denominated subordinated debt at 'BBB+
Fitch has also affirmed NTB's Sri Lankan rupee-denominated outstanding subordinated debt at 'BBB(lka)'.
Relief to those who pawned gold jewellery in banks.
"Our Second-Party Opinion is that the alignment is ‘Good’."
Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20). Your California Privacy Rights. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. Ad Choices.
Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
© 2023 Echelon Media (PVT) Ltd. All Rights Reserved
4 min read