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Tuesday December 7th, 2021
Banking

Sri Lanka's LOLC net down 74-pct in March 2020 quarter

Profits at Sri Lanka's LOLC Holdings fell 74 percent to 1.49 billion rupees in the March 2020 quarter from a year earli...

9 min read

Deploying new banking tech during Covid-19 

Listed Sampath Bank pushed the boundaries making sure customers had access to services and accelerating the digital adop...

9 min read

Sri Lanka's Seylan Bank profits marginally up in June despite provisions

Profits at Sri Lanka's Seylan Bank Plc group grew 1.1 percent to 669 million rupees in the June 2020 quarter with intere...

9 min read

Sri Lanka banks to zero-weight discounted contractor bills for Basel III, count as liquid assets

Sri Lanka's commercial banks could zero-rate for Basle III capital contractor bills due from the government discounted w...

9 min read

Opposition complains to regulator, People's Bank chief says followed procedure

The main opposition Samagi Jana Balavegaya (SJB) has lodged a complaint against the head of People’s Bank for granting...

Sri Lanka SOE, govt credit surge in Jan 2021, private down

Sri Lanka's credit to government and state enterprises surged in January 2021 but private credit fell, official data sho...

Private credit in Sri Lanka turns negative after four years in Jan 2019

Sri Lanka's credit to private borrowers from commercial banks turned negative in January 2019 for the first time since 2...

4 min read

Enterprise Sri Lanka credit grows to Rs79bn

Loans under Enterprise Sri Lanka subsidized credit has totaled 79 billion rupees to 46,673 recipients since the program ...

1 min read

Sri Lanka's Sanasa Bank in the red in Dec 2018 quarter

Sri Lanka's listed Sanasa Development Bank reported a loss of 26.1 million rupees in the December 2018 quarter, down 113...

2 min read

Sri lanka's Sanasa to get US$10mn in Dutch funding

Sri Lanka's Sanasa Development Bank Plc, a publicly traded firm linked to the co-operative movement, said it planned to ...

1 min read

Sri Lanka's state-owned People's Bank 2018 profits up 3.5-pct

ECONOMYNEXT - Profits at Sri Lanka's state-owned People's Bank grew 3.5 percent from a year earlier to 20 billion rupees...

2 min read

Sri Lankan bank lending boost from polls spending

ECONOMYNEXT – Forthcoming elections could help boost lending by Sri Lankan banks if it leads to higher government...

1 min read

Sri Lanka banks, Thomas Cook, win currency exchange franchises at airport

Sri Lanka has awarded three-year franchises to operate foreign currency exchange couners at the main airport in the coun...

1 min read

Mastercard offers overseas hospital discounts for Sri Lankan cardholders

ECONOMYNEXT – Mastercard said it was offering Sri Lankan cardholders a range of discounts at top hospitals in Asi...

1 min read

Sri Lanka bank bad loan provisions surge with new accounting rule: Fitch

ECONOMYNEXT - Sri Lankan banks have seen a surge in provisioning for bad loans with the adoption of a new accounting ru...

3 min read

Sri Lanka non-bank lenders face asset quality, profitability pressure: Fitch

ECONOMYNEXT - Sri Lanka’s non-bank finance companies will face pressure on asset quality and profitability in the...

2 min read

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Latest Last
US Dollar 200.0100 202.2500
UK Pound 265.4633 267.6880
Euro 225.7213 226.4030
Aus Dollar 140.8970 141.9795
Yen 1.7618 1.7899
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6528 2.6880
Korea Won 0.1693 0.1708
Oman Rial 519.4997 525.3179
Saudi Riyal 53.3161 53.9132
UAE Dirham 54.4526 55.0625
Source: Central Bank/Indicative
pts %
S&P SL20 3,947.00 1.61%
CSE All Share 11,034.41 0.42%
Turnover Rs million. 2,191,558,044.10 6,735,325,723
Source: CSE
Latest Last
3-m bill 7.33 7.56
6-m bill 7.77 7.91
12-m bill 8.15 8.25
5-yr bond 10.61 10.56
8-yr bond 11.27 11.21
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka newly-weds, migrant workers to get subsidised housing: Budget 2019

ECONOMYNEXT – Sri Lanka’s 2019 government budget will offer a host of subsidised loans to beneficiaries ra...

3 min read

Sri Lanka banks exceed revised SME lending targets

Sri Lankan banks have exceeded lending targets for micro, small and medium scale enterprises (MSMEs) under programs with...

3 min read

Sri Lanka's Seylan Bank December quarter profits slashed on write-downs

Profits at Sri Lanka's Seylan Bank Plc in the December 2018 quarter was wiped out by a one-off provision for retirement ...

2 min read

Sri Lanka's The Finance trading suspended over accounting issues

Sri Lanka's The Finance Company Plc, a troubled non-bank lender which was slapped with a cease-and-desist order by the r...

1 min read

Cargills supermarket chain to accept payment for SriLankan online bookings

Cargills Food City supermarkets and Cargills Bank branches will accept payment for Sri Lankan airlines tickets booked on...

1 min read

Sri Lanka's NSB local rating downgraded after re-calibration

Fitch Ratings has downgraded state-run National Savings Bank to 'AA+(lka)' from 'AAA(lka)' following a downgrade of the ...

3 min read

Sri Lanka on new EU list of high risk countries

Sri Lanka has been placed on a new European Union list of high risk countries where bank have to exercise extra due dili...

1 min read

Sri Lanka regulator halts deposit taking, lending by The Finance Co

Sri Lanka's Central Bank said The Finance Company, a troubled non-banker lender which got into difficulties in 2008, wil...

4 min read

Sri Lanka's Sampath Bank profits down amid loan losses

Sri Lanka's Sampath Bank said its net profits for the December 2018 quarter fell 31.8 percent to 2.7 billion rupees from...

2 min read

Bigger lenders also behaving like 'loan sharks' in Sri Lanka: Finance Minister

Sri Lanka is bringing laws to regulate micro-finance which are behaving like loan sharks giving loans to people who cann...

3 min read