Notable
A mutual evaluation framework is coming up next year
A 90 percent loan to value for electric vehicles has been removed
Bridjin was founded by Geeth Balasuriya, who counts over 20 years experience in finance
"There are concerns whether there is money laundering."
CitiSL's focus on top tier corporates and multinational clients has helped shield it from asset-quality
"We expect SCBSL to focus on the corporate and institutional banking segment,
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
| 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 | - | - |
We are an outlier in the region also. So we have to fix at some point. The question is should we fix it now?
Hotels, transport and arts and entertainment sectors had bad loans of 30 to 20 percent
Pending possible recapitalization for losses from state enterprise funding, while confirming a long-term rating at 'CC'
NPLs of pawning loans are lower than others, but the number has risen
Strengthening the Deposit Insurance Scheme will help protect the savings of smaller depositors
Although there are about 11,000 microfinance institutions operating in the country, only 5 of them have been registered
With the latest expansion, SBI will have seven branches in Sri Lanka
Bank increases provisions for ISBs
we want to also look at the possibility of Union Bank's expansion to markets such as Africa, Nepal and Bhutan
Sri Lanka is to refund advance income tax (AIT) deducted on interest income of senior citizens, IRD announced.
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