The firm had made provisions and reported lower than industry NPLs
Capital requirements are calculated on ratings
Chocolates, spaghetti, apple juice, wine, oats, soya milk, dairy goods, lipsticks, carpets, coats anoraks
Capital and interest to be rolled over T-Bill + 1
Banks with the approval of the Board of Directors were asked to set guidelines for loan impairment.
The controls had been in place from April 2020 and had had driven liquidity injections and reserve losses
Credit line from United States International Development Finance Corporation
By July window borrowings were also up
Limits on dollar borrowings
Expects bad loans to rise to 10.5 percent by year end
"The exposure of Fitch-rated banks to the sovereign was 39-pct of assets and 471 percent of equity as at end-2020"
Private credit grows by over Rs55bn in April and May
Refinancing risks are elevated
Publish notices informing the general public how essential banking services can be obtained
Banks have advised consumers to use 24-hour online services for their urgent banking needs
Central Bank Governor W D Lakshman had appointed de Zilwa for a period of three years
Central bank credit to government fell 21.7 billion rupees in March to 1,070 billion rupees
Outstanding loans could be extended for T-bill plus 1
Discussion are progressing with lenders
The card could be used at ATMs, POS machines bus and rail
Sri Lanka residents who have worked abroad, and individuals or firms providing services to foreigners can now open accou...
Sri Lanka will set up a state-run Youth Startup Fund and a Guarantee Fund to help young entrepreneurs get capital, Minis...
Sri Lanka's central bank said it is raising the foreign borrowing limit of licensed finance companies (LFCs) to 20 to pe...
Sri Lanka has extended a ban on commercial banks and the National Savings Bank buying sovereign bonds till April 23.
Fitch Ratings has confirmed a 'AAA(lka)' rating of Sri Lanka's Standard Chartered Bank branch amid a rise in bad loans b...
A majority of borrowers given in Sri Lanka given a debt under moratorium given as relief during the Coronavirus have beg...
2 mins read