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Sunday February 5th, 2023
Banking

Sri Lanka private loans positive in November, credit to state expands

Sri Lanka's commercial banks loans to private customers grew by 41.4 billion rupees in November 2020, slower than the 59...

January 4, 2021 2 min read

Sri Lanka's State Mortgage and Investment Bank [SL]BBB+ rating confirmed: ICRA

ICRA Lanka said it was confirming a domestic [SL]BBB+ rating of State Mortgage and Investment Bank, a state-run housing ...

January 3, 2021 8 min read

Sri Lanka's DFCC Bank downgraded to CCC+ after sovereign rating cut

Sri Lanka's DFCC Bank has been downgraded to 'CCC+' from 'B-' by Standard and Poor's after an earlier cut in the soverei...

January 3, 2021 5 min read

Sri Lanka 7-pct mortgage loans for houses, land, apartments, renovation

Mortgage loans at a state mandated 7 percent rate given to salaries workers could be used to build houses, purchase a la...

December 26, 2020 6 min read
Sri Lanka bank loans grow in July, CB credit soars in reserve appropriations

CB credit grown 318 billion rupees in July in record forex reserve losses

Sri Lanka central bank orders 5.0-pct ceiling on foreign currency deposits

Special deposit accounts can pay a premium

Sinhaputhra Finance in talks with investors after Sri Lanka regulatory warning

The European Union has called for minority protection, addressing hate speech and an end to the death penalty as a deleg...

September 2, 2019 1 min read
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Sri Lanka bank profitability under pressure: Moody’s

Sri Lankan banks’ profitability is under pressure with an uptick in bad loans, Moody’s rating agency said in a new r...

August 30, 2019 2 min read

ADB's We-Fi grant empowering women in Sri Lanka

Over 3,000 persons have benefited from the second phase of the Asian Development Bank's (ADB) small and medium-sized ent...

August 28, 2019 3 min read

Sri Lanka plans complex price controls on bank loans

Sri Lanka's central bank is planning to impose complex price controls on individual banks, as lending rates are not fall...

August 26, 2019 2 min read

Sri Lanka promises price controls if bank lending rates do not fall

Sri Lanka will slap price controls on lending if rates do not fall quickly, Central Bank Governor Indrajit Coomaraswamy ...

August 23, 2019 1 min read

India's Mahindra Finance acquires Sri Lanka's Ideal Finance for Rs.2bn

India's Mahindra Finance has invested 2 billion rupees in equity in Sri Lanka's capital short Ideal Finance Limited to a...

August 20, 2019 3 min read

Bad debt, interest costs bite into Sri Lanka' Nations Trust Bank June profits

Net profits at Sri Lanka's Nations Trust Bank for the June quarter fell 32 percent to 641.2 million rupees from a year e...

August 16, 2019 2 min read

Sri Lanka PABC bank primary dealership ban extended further

Sri Lanka's central bank has extended by another six months a ban on Pan Asia Banking Corporation's (PABC) primary deale...

August 15, 2019 1 min read

Sri Lanka Commercial Bank June profits fall with higher interest costs, bad debt

Net profits at Commercial Bank Plc, Sri Lanka's largest listed lender fell 10.73 percent to 3.5 billion rupees in the Ju...

August 15, 2019 2 min read

Sri Lanka central bank to survey household creditworthiness

An islandwide survey will be conducted to measure the creditworthiness of Sri Lankan households, the central bank said.

August 15, 2019 2 min read
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Latest Last
US Dollar 371.7127 371.6601
UK Pound 453.5962 453.9794
Euro 396.3156 396.4763
Aus Dollar 250.1862 251.1981
Yen 2.8251 2.7549
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.3961 4.3963
Korea Won 0.2820 0.2791
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Source: Central Bank/Indicative
pts %
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Turnover Rs million 4,621,153,484 2,824,714,520
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
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 National Development Bank net down 29-pct

Profits at Sri Lanka's National Development Bank group fell 29 percent to 781 million rupees in the June 2019 quarter fr...

August 14, 2019 2 min read

Sri Lanka's HNB profits down 15-pct in June quarter

Profits at Sri Lanka's Hatton National Bank group, which includes a insurer fell 15 percent to 2.97 billion rupees in th...

August 13, 2019 2 min read

Sri Lanka's private and state credit surge in June

Credit to Sri Lanka's private borrowers had surged in June, after contracting the for two months in a row, official data...

August 13, 2019 2 min read

Sri Lanka's Pan Asia Bank profits down 5-pct in June

Profits at Sri Lanka's Pan Asia Bank fell 5 percent to 481 million rupees in the June 2019 quarter from a year earlier, ...

August 11, 2019 2 min read

Sri Lanka's Sampath Bank net down 39-pct as bad loans bite

Profits at Sri Lanka's Sampath Bank Plc fell 39 percent to 2.06 billion rupees in the June 2019 quarter from a year earl...

August 9, 2019 2 min read

Ideal Finance deposit taking restricted by Sri Lanka regulator

The central bank has limited deposit taking at Ideal Finance after the firm failed to meet a 1.5 billion rupee capital r...

August 7, 2019 4 min read

Sri Lanka's HDFC gets Rs250m capital injection from tax-payers

Sri Lanka's HDFC Bank, a publicly traded mortgage lender with the state as main shareholder said it has received a 250 m...

August 4, 2019 1 min read

Sri Lanka's People's Leasing profit down 38-pct on bad loans

Profits at Sri Lanka's Peoples Leasing and Finance Plc fell 38 percent to 713 million rupees in the June 2019 quarter fr...

August 1, 2019 1 min read

Sri Lanka DFCC Bank profits down 20-pct in June quarter

Profits at Sri Lanka's DFCC Bank group fell 20 percent to 271 million rupees in the June 2019 quarter from a year earlie...

July 31, 2019 1 min read

Sri Lanka's Seylan Bank profits down 11-pct in June quarter

Profits at Sri Lanka's Seylan Bank Plc group fell 11.3 percent from a year earlier to 547 million rupees in the June 201...

July 31, 2019 1 min read
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