An Echelon Media Company
Friday August 12th, 2022
Banking

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

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 private credit tumbles in May, state credit also falls

Govt credit also moderates amid credit line

Sri Lanka's Bank of Ceylon downgraded to RD

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

Sri Lanka's LOLC gets nod to buy Kenya micro-financier: report

Exempted from shareholder limits for 4 years

February 9, 2022 2 min read

Sri Lanka finance companies raise Rs12.5bn in new capital

Another 12 companies are in the process of consolidation

January 31, 2022 2 min read
1

Sri Lanka bank pays China fertilizer firm after court order lifted

Ahead of visit by Chinese minister

January 8, 2022 1 min read

Sri Lanka's Alliance Finance gets US$5mn from EMF Microfinance Fund

After FMO funding

January 4, 2022 1 min read

Sri Lanka orders housing loans to be given at prime lending rate

After 5 years AWPR plus 200bp

January 3, 2022 1 min read

Sri Lanka's JKH, Central Finance asks for more time to cut NTB stake

Deadline to cut stake to 20-pct Dec 31

January 3, 2022 1 min read

Sri Lanka central bank controls dollar deposit rates amid currency crisis

To be 150bp below 364-day T-bill yield

January 2, 2022 3 min read

Sri Lanka's Alliance Finance gets second tranche of Dutch dollar credit

The funds will be on-lent to micro, small and medium enterprises

December 26, 2021 1 min read

Mark Surgenor heads HSBC Sri Lanka and Maldives

He had joined HSBC in 2009 and has worked in Europe, Latin America and Asia

December 1, 2021 1 min read

Sri Lanka's Bank of Ceylon profits down in Sept amid provisioning

Strong loan growth driven by overdrafts

November 21, 2021 2 min read
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Latest Last
US Dollar 368.6127 368.6127
UK Pound 447.0879 446.9724
Euro 378.4089 377.3186
Aus Dollar 258.8081 259.7439
Yen 2.7436 2.7454
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.5360 4.5360
Korea Won 0.2758 0.2758
Oman Rial 937.4943 937.4943
Saudi Riyal 95.9947 95.9947
UAE Dirham 98.2658 98.2658
Source: Central Bank/Indicative
pts %
S&P SL20 2,928.96 4.46%
CSE All Share 8,706.17 2.43%
Turnover Rs million 4,506,916,091 3,748,329,990
Source: CSE
Latest Last
3-m bill 26.24 26.34
6-m bill 26.52 26.51
12-m bill 27.36 27.11
5-yr bond 23.86 23.10
8-yr bond 24.21 24.35
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's SDF is priced at a discount to peers, faster growth expected: IPO managers

New capital will remove capital constraints

November 19, 2021 3 min read

Sarvodaya DF modernizing Sri Lanka farming with mechanization, digital tech: CEO

This is basically what we call a shared economy ecosystem

November 17, 2021 3 min read

Sri Lanka's Commercial Bank profits up 78-pct before windfall tax

NPL ratio falls amid 9.9-pct loan growth

November 15, 2021 1 min read

Sri Lanka's DFCC gets US$150mn from US development lender

One of the biggest issues faced by women entrepreneurs is limited access to finance, the US embassy said.

November 13, 2021 1 min read

Sri Lanka HNB to lead syndicated loan for LNG combined cycle plan

First stage to be operational by 2023

November 9, 2021 1 min read

Sarvodaya sees Sri Lanka’s economic progress via 'horizontal sharing' model

Sarvodaya pioneered what we call a horizontal sharing of savings based lending - Ariyaratne

November 8, 2021 5 min read

Sri Lanka finance companies, bank fined by anti-money laundering office

Administrative Penalties by the Financial Intelligence Unit for the September quarter

November 5, 2021 4 min read

Sri Lanka's PABC Bank net up 89-pct in Sept 2021

Interest income up

November 2, 2021 2 min read

Sri Lanka's UBC net down 24-pct in Sept 2021

Net interest income fall amid debt moratorium

November 1, 2021 2 min read

Sri Lanka's UBC net down 24-pct in Sept 2021

Profits at Sri Lanka’s Union Bank of Colombo (UBC) group fell 24 percent to 182 million rupees from a year earlier

October 31, 2021 2 min read