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Wednesday December 1st, 2021
Banking

Sri Lanka finance companies to be hard hit by import controls as bad loans top 11-pct

Sri Lanka's Finance Companies which have seen rising bad loans as the rate cuts of April 2018 triggered currency collaps...

5 min read

Sri Lanka's NSB rating confirmed by ICRA Lanka

ICRA Lanka has reaffirmed the state-owned National Savings Bank at [SL]AAA with a stable outlook due to low risk investm...

5 min read

Sri Lanka private credit negative for second month in June 2020

Sri Lanka's private credit contracted 54 billion rupees in June 2020, extending a 69.6 billion rupee contraction seen in...

5 min read

Sri Lanka anti-money laundering watchdog fines banks, finance companies

Sri Lanka's Financial Intelligence Unit, the island's anti-money laundering watchdog, said it had fined two banks and th...

5 min read

Sri Lanka's Seylan Bank net down 28-pct in Dec quarter

Profits at Sri Lanka's Seylan Bank group fell 28 percent from a year ago to 841 million rupees in the December 2020 quar...

Sri Lanka's NTB net down 19-pct in Dec 20 quarter

Profits at Sri Lanka's Nations Trust Bank fell 19 percent from a year ago to 946 million rupees in the December 2020 qu...

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

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Latest Last
US Dollar 202.0474 202.0474
UK Pound 268.7331 269.2383
Euro 228.7177 228.3338
Aus Dollar 144.3831 144.4841
Yen 1.7815 1.7776
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6936 2.6920
Korea Won 0.1711 0.1702
Oman Rial 524.7916 524.7916
Saudi Riyal 53.8563 53.8592
UAE Dirham 55.0073 55.0073
Source: Central Bank/Indicative
pts %
S&P SL20 3,900.02 1.84%
CSE All Share 11,440.53 2.13%
Turnover Rs million. 2,191,558,044.10 10,054,526,815
Source: CSE
Latest Last
3-m bill 7.56 7.63
6-m bill 7.91 7.88
12-m bill 8.25 8.16
5-yr bond 10.56 10.58
8-yr bond 11.21 11.20
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

Fitch cuts outlook of Sri Lanka's NDB on risk appetite, falling capital

ECONOMYNEXT - Fitch Ratings said it was cutting the outlook on Sri Lanka's 'A (lka)' rated National Development Bank to ...

5 min read

Ronald Perera re-appointed as Bank of Ceylon Chairman

Sri Lanka's state-run Bank of Ceylon said Ronald C Perera was re-appointed as Chairman.

1 min read

Sri Lanka banks to seek more foreign funding, but pay more: S&P

Sri Lanka's banks are expected to borrow more from foreign markets, which could lower profitability due to bigger hits f...

3 min read

Sri Lanka's NDB net up 74.4-pct in December

Sri Lanka's National Development Bank Plc (NDB) net profits in the December quarter grew 74.4 percent to 1.7 billion rup...

2 min read

ETI asset sale: Sri Lanka CB says did not select buyer, only asked extra US$15mn

Sri Lanka's Central Bank said it did not select a buyer for the assets of troubled ETI Finance Ltd, but only made the se...

2 min read

Sri Lanka ATM users asked to use microchip cards amid fraud

Users of automatic teller machines have been asked by the central bank to only use cards with embedded microchips to avo...

3 min read

Credit risks high in Sri Lankan banks: S&P

ECONOMYNEXT- Sri Lankan banks have high credit risks due to slow economic growth, high credit growth and lax lending sta...

1 min read

Sri Lanka’s Fintrex Finance to focus on lending to entrepreneurs

Sri Lanka’s Fintrex Finance, owned by Bluestone Capital, a private equity and venture capital company, is priorit...

2 min read

Sri Lanka Sampath Bank says fraud happened 'few months back'

ECONOMYNEXT – Sri Lanka’s Sampath Bank has confirmed a media report about a fraud at the bank, saying it o...

1 min read

Sri Lanka’s NDB Investment Bank sees big transactions in Bangladesh, Maldives

ECONOMYNEXT – Sri Lanka’s NDB Investment Bank (NDBIB) said it handled 60 billion rupees in capital raising...

2 min read