Notable
He replaces W P R P H Fonseka.
The bank's impairment cost is down by 55 percent in the quarter
Central bank rules require holding to be brought down to 15-pct by 2029
Lower provisions net interest income down
The proposed debentures, which will mature in five years, will be listed on the Colombo Stock Exchange.
The funds will come from the low-interest International Development Association window
The bank is offering debentures at 100 rupees each, for tenures of 5 years, 7 years and 10 years.
CB considering legal action against registered limited liability companies using personal bank accounts for tax evasion
"There are a lot of banks that have reduced, but not to the extent that we hoped. We are closely monitoring the banks"
People ask 'what's the year end exchange rate or interest rate? It is something that you don't want to even guess at
Since June, private credit has expanded 248 billion rupees
ISB restructuring is the single largest short-to-medium term issue the industry is having
Business Revival Units in licensed banks to strengthen their role in the recovery of businesses, SMEs, corporates
Removing parate execution powers and making it less easy to recover loans, will make it difficult for SMEs to get loans
Framework to be developed to strengthen governance of state banks, requiring their Boards to have independent members
| 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 Banking (Amendment) Bill is expected to be passed in Parliament in early 2024
Investors who have applied up to 20,000,000 Type A Debentures will be allotted 100% of debentures applied
Issue of 50,000,000 Basel III complaint Tier 2 listed rated unsecured subordinated redeemable debentures oversubscribed
Says banks will end up restricting credit
Sections of Act should be revised to extend monitoring, identifying new business opportunities, developing enterprise
In September the central bank was hit by large losses
Bank of Ceylon plans to issue BASEL III compliant debentures with non-viability write down features, to raise 5bn rupees
The CBSL is committed to eliminating the interest rate caps as soon as possible
The World Bank will provide 150 million US dollars as a loan for Sri Lanka's deposit insurance scheme
Banks have seen a sharp reversal in net foreign assets over the past year
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