Notable
Acted swiftly to fortify systems, isolate the affected components, and engage cybersecurity experts
The willingness to lend in the banking sector increased during 2024 Q4 compared to the previous quarter
The outlook is stable.
Outlook Stable
Credit growth 26-pct over nine months
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
| 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 | - | - |
Non performing loans go through a recovery process
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
Total advanced to banks through swaps have risen to US$351mn
Minister Ali Sabry discussed the need for FOREX liquidity support for the state banks of Sri Lanka
Banks were also asked not to buy back shares, to use "extreme due diligence and prudence" in capex
Constrained access to foreign currency funding and indications of stress experienced by banks in the system as result
On heightened forex risks
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