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Friday August 12th, 2022
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Times are extraordinary with the macro stresses clearly unprecedented
Banks face mark-to-market losses as well as bad loans from soft-peg crisis
Stability of foreign exchange rates was in their eyes a mischief, not a blessing
Net other operating income was loss of 12.2 billion rupees, loan loss provisions were down
Govt credit also moderates amid credit line
We believe the foreign-currency funding and liquidity profile is highly stretched
Exempted from shareholder limits for 4 years
Another 12 companies are in the process of consolidation
Ahead of visit by Chinese minister
After FMO funding
After 5 years AWPR plus 200bp
Deadline to cut stake to 20-pct Dec 31
To be 150bp below 364-day T-bill yield
The funds will be on-lent to micro, small and medium enterprises
He had joined HSBC in 2009 and has worked in Europe, Latin America and Asia
Strong loan growth driven by overdrafts
| 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 |
| 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 |
| 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 |
| 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 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 15.50 | 15.50 |
| Gilt Repo | 15.50 | 15.50 |
| I-m SLIBOR | - | - |
New capital will remove capital constraints
This is basically what we call a shared economy ecosystem
NPL ratio falls amid 9.9-pct loan growth
One of the biggest issues faced by women entrepreneurs is limited access to finance, the US embassy said.
First stage to be operational by 2023
Sarvodaya pioneered what we call a horizontal sharing of savings based lending - Ariyaratne
Administrative Penalties by the Financial Intelligence Unit for the September quarter
Net interest income fall amid debt moratorium
Profits at Sri Lanka’s Union Bank of Colombo (UBC) group fell 24 percent to 182 million rupees from a year earlier
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