Notable
By February most of the excess liquidity came from dollar purchases
State Mortgage and Investment Bank is a licensed specialised bank fully owned by the government of Sri Lanka
Relief measures include rescheduling credit facilities, extending time to start repayments, waving unpaid interest,
The bank will continue to serve clients as usual during the transition period, which was expected to take 15-18 months. ...
NTB expects acquisition of HSBC's retail banking business will be catalyst for the next growth phase
Banking sector likely to collapse if government decides for domestic debt restructuring-analysts
Private credit contracted 224.4 billion rupees in the five months to October
They have given some already
We have made a request for banks not to compete for deposits
To support firms expanding internationally
To come as Banking (Special Provisions) Act
.
For firms in agriculture, exports and and tourism
And based on the final outcome capitalization will also take place
Limits will be imposed on deposit rates to reduce interest rates
| 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 | - | - |
CB credit slows
Bank marks 25 years in business
All banks in Sri Lanka have faced capital depletion amid bad loans and rate rises
New account created in all banks to help invest in Colombo Port City
Dollar denominated credit repaid by state and private borrowers
Has government securities
Under monetary instability it is not just ISBs that went up but also bank dollar borrowings
Govt credit also moderates amid credit line
We believe the foreign-currency funding and liquidity profile is highly stretched
Rosha had met with key clients of the bank and discussed their challenges
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