An Echelon Media Company
Saturday October 1st, 2022
Banking

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 central bank advances more dollars to banks

Total advanced to banks through swaps have risen to US$351mn

May 9, 2022 2 min read

Sri Lanka seeks forex liquidity support for state banks from AIIB

Minister Ali Sabry discussed the need for FOREX liquidity support for the state banks of Sri Lanka

May 9, 2022 1 min read
Sri Lanka's Bank of Ceylon downgraded to RD

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

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

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
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 369.9103 369.9103
UK Pound 412.4602 400.9490
Euro 364.6306 360.0342
Aus Dollar 242.2604 241.7927
Yen 2.5686 2.5748
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4529 4.4476
Korea Won 0.2535 0.2528
Oman Rial 942.5852 942.5852
Saudi Riyal 96.5609 96.3494
UAE Dirham 98.7994 98.7994
Source: Central Bank/Indicative
pts %
S&P SL20 3,165.33 -0.11%
CSE All Share 9,931.07 -0.21%
Turnover Rs million 2,578,258,401 3,017,534,901
Source: CSE
Latest Last
3-m bill 29.35 30.31
6-m bill 28.29 28.51
12-m bill 28.44 28.26
5-yr bond 25.26 25.30
8-yr bond 25.87 26.01
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 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

Sri Lankas's DFCC profits up three-fold in Sept21 quarter

Net interest income sharply up

October 31, 2021 2 min read

Sri Lanka's Seylan Bank net up 86-pct in Sept 2021

Interest costs fall

October 30, 2021 2 min read

Sri Lanka state bank says acting on court order after China embassy 'blacklisting'

Court blocked payment over contaminated fertilizer

October 29, 2021 2 min read

Sri Lanka’s Sarvodaya DF looks for international marketing after IPO

Taking capital to rural areas

October 29, 2021 4 min read

Sri Lanka CB drives QR code use in digital payment push

In the current COVID-19 global pandemic, it is now more important than ever to reduce the usage of cash

October 27, 2021 1 min read

Sri Lanka CB chief to discuss with CRIB, banks on covid-hit bad loans

Covid treatment of CRIB

October 19, 2021 3 min read

Sri Lanka's Commercial Bank says its QR code app draws 100,000 users

Various bills can be paid using the app

October 18, 2021 2 min read

Sri Lanka's NTB 'A(lka)' rating confirmed by Fitch amid slowing credit

NTB had a higher concentration on leasing and credit cards and weak asset quality than peers.

October 11, 2021 6 min read