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Sunday February 25th, 2024
Banking

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
US banks shut amid Sri Lanka style mark-to-market losses after Powell inflationism

Silvergate Bank had exposure to crypto assets that bubbled during Fed money printing

Sri Lanka to set up financial sector crisis committee

Changes are also planned to a Banking (Special Provisions) Act

Sri Lanka's Commercial Bank expects 10-12 pct credit growth in 2020

Sri Lanka's largest listed lender Commercial Bank of Ceylon Plc, is expecting its loan book to grow by 10-12 percent in...

Chandeepa Wettasinghe
February 27, 2020 3 min read
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Sri Lanka's Hatton National Bank Dec profits grow on tax cut

Hatton National Bank Plc, the second largest listed lender, posted net profits of 6.26 billion for the December quarter,...

February 25, 2020 2 min read

Sri Lanka's Seylan Bank profits up in Dec after gratuity charge in 2018

Net profits at Sri Lanka's Seylan Bank Plc group grew 80.78 percent to 1.18 billion rupees from a year earlier despite t...

February 25, 2020 2 min read

Sri Lanka to stop rupee interbank offered rates from July

Sri Lanka's central bank said it will stop compiling offered rates, a forward looking interest rate compiled with market...

February 25, 2020 2 min read

Sri Lanka's DFCC Bank profits halve on bad loans, interest costs

Net profits at Sri Lanka's DFCC Bank Plc fell 54 percent to 516.14 million rupees in the December quarter on higher inte...

February 24, 2020 2 min read

Asian Development Bank appoints Chen Chen as new Sri Lanka country director

Manila-based Asian Development Bank said it has appointed Chen Chen, a Chinese national who has been with the lender sin...

February 24, 2020 1 min read

Sri Lanka's Commercial Bank profits inch up in Dec on lower income tax charge

Commercial Bank, Sri Lanka's largest listed lender in assets, said profits for the December quarter grew 1.11 percent to...

February 24, 2020 2 min read

Sri Lanka banks to launch request to pay services shortly

At least two Sri Lanka banks will launch request to pay services shortly, a new technology that makes it much easier for...

Tania Madies
February 23, 2020 3 min read

Sri Lanka's Pan Asia Bank profits surge in Dec on bad loan recovery

Net profits at Sri Lanka's Pan Asia Banking Corporation Plc (PABC) grew 58 percent to 726.8 million rupees in the Decemb...

February 20, 2020 2 min read

Sri Lanka's Hatton National Bank expects 12-14-pct credit growth in 2020

Sri Lanka's Hatton National Bank is expecting 12-14 percent loan growth in 2020 as the banking system recovers from a cr...

February 20, 2020 2 min read
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US Dollar 316.0679 316.8174
UK Pound 401.2833 401.8873
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Sri Lanka's NDB profits grow in Dec on lower income tax

Sri Lanka's NDB Bank said net profits for the December quarter grew 3.8 percent from a year earlier to 1.8 billion rupee...

February 19, 2020 2 min read

Sri Lanka banks trading at 10-yr low valuations: analysts

Sri Lankan banks are trading at a ten year low valuation, with upward pressure on performance after a challenging 2019, ...

February 18, 2020 3 min read

Sri Lanka's HNB Finance IPO oversubscribed

Sri Lanka's HNB Finance Limited, said it has received applications in excess of the 57 million rupees in shares the comp...

February 17, 2020 1 min read

Sri Lanka's central bank extends Pan Asia primary dealer ban for six months

Sri Lanka's central bank said it will extend the ban on the primary dealership arm of Pan Asia Banking Corporation (PABC...

February 17, 2020 1 min read

Sri Lanka's Bank of Ceylon, Mobitel team up to push digital mobile payments

Sri Lanka state-run Bank of Ceylon, Mobitel (Pvt) Ltd, a unit of Sri Lanka Telecom, said they have tied up to provide di...

Chanka Jayasinghe
February 16, 2020 2 min read

Sri Lanka bank profits to lift on SLDB tax relief

Domestic commercial banks which held dollar denominated bonds issued by the government of Sri Lanka will see higher prof...

Chandeepa Wettasinghe
February 14, 2020 3 min read

Sri Lanka's Sampath Bank pays big dividend after D-SIB rule change, net up in Dec

Sampath Bank, the third largest listed lender in Sri Lanka, said its profits for the December quarter grew 29.4 percent ...

February 14, 2020 2 min read

Sri Lanka warned against continuing interest price controls by IMF

Sri Lanka has been warned against continuing its controversial price controls on bank lending rates by the International...

February 10, 2020 3 min read

Sri Lanka bank credit, state borrowing surge in Dec 2019

Sri Lanka's credit from the banking system to the central government and state enterprises had surged in December, while...

February 5, 2020 2 min read

Sri Lanka banks met lending rate ceiling a week from 2019 deadline: Deputy Governor

All commercial banks operating in Sri Lanka had complied with ceiling rates set by the central bank for a December 2019...

January 30, 2020 1 min read
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