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Tuesday December 5th, 2023

Sri Lanka's NDB gets US$75mn from US for women oriented lending

Credit line from United States International Development Finance Corporation

July 6, 2021 1 min read

Sri Lanka government bank overdraft soars to Rs620bn

By July window borrowings were also up

July 6, 2021 3 min read

Sri Lanka has imposed rules on banks buying sovereign bonds to manage risks: Central Bank

Limits on dollar borrowings

July 6, 2021 2 min read

Sri Lanka Fitch rated banks fare better than expected, bad loans 9.1-pct

Expects bad loans to rise to 10.5 percent by year end

July 5, 2021 3 min read

Sri Lanka SME moratorium on request, will not stress banks: Deputy Governor

Sri Lanka's loan moratorium on small and medium-scale (SME) business loans will only be extended on request to those in ...

December 27, 2019 3 min read

Sri Lanka trims systemically important banks in new D-SIB rule, capital buffers changed

Sri Lanka has designated four banks as domestically systemically important banks (D-SIB) under new criteria down from an...

December 23, 2019 2 min read

Sri Lanka borrowers getting moratorium should continue to pay interest: Cabraal

Sri Lanka's borrowers who are using a debt moratorium of up to 300 million rupees should continue to pay interest which ...

December 23, 2019 2 min read

Sri Lanka President, PM orders banks to halt recovery of loans up to Rs300mn

Sri Lankas Prime Minister Mahinda Rajapaksa has ordered banks in the country to stop recovery of loans up to 300 million...

December 20, 2019 2 min read

Sri Lanka's NDBIB arranges US$12mn credit for Maldives fuel distributor

Sri Lanka's NDB Investment Bank said it arranged a 12 million dollar credit for The Hawks Private Limited, an importer a...

December 19, 2019 1 min read

Sri Lanka to set up national development bank for subsidized credit

Sri Lanka will set up a 'national development bank' to give long term subsidized credit to construction, agriculture an...

December 16, 2019 2 min read

Sri Lanka bad loans expected to fall after tax cuts: HNB

Sri Lanka's banking sector bad loans are expected to move downwards in 2020 due to the government fiscal stimulus packag...

December 10, 2019 2 min read

Singhe Capital Investment buys control of Sri Lanka's Sinhaputhra Finance

Sinha Capital Investment (Pvt) Ltd, an investment firm led by a consortium of individual investors had bought control of...

December 5, 2019 2 min read

Sri Lanka SOE credit up in October, private credit moderate

Sri Lanka's private credit grew 26.5 billion rupees in October 2019 down from 53.7 billion rupees a month earlier and ...

December 2, 2019 2 min read

Sri Lanka to replace CRIB defaulter list with scoring system

Sri Lanka will reform the Credit Information Bureau listing on bad debtors with a scoring system for lenders to take dec...

November 30, 2019 1 min read
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Mahinda meets Sri Lanka banks on debt relief, proposal in a week

Prime Minister Mahinda Rajapaksa who is also Finance Minister has met top executives of Sri Lanka's banks to discuss gi...

November 29, 2019 1 min read

Sri Lanka regulator disputes reports of investor interest in The Finance Co. banking license

Sri Lanka’s Central Bank has called out reports that The Finance Company was in talks with three investors keen to acq...

November 27, 2019 3 min read

Sri Lanka subsidized credit schemes under review

Sri Lanka is reviewing subsidized credit schemes targeting small and medium entrepreneurs, are expected to resume after ...

November 27, 2019 1 min read

Three investors keen on Sri Lanka's The Finance Co. banking licence

Sri Lanka’s The Finance Company has appealed against a central bank decision to cancel its licence, saying it was in t...

November 26, 2019 2 min read

Sri Lanka to revise criteria for systemically important banks

Sri Lanka is in the process of revising criteria to designate systemically important banks, and not all banks that exce...

November 22, 2019 2 min read

Sri Lanka warns of bank data theft from online 'easy loan' scams

Sri Lanka's central bank has warned the public to be vigilant of online scams usually done through offers of easy loan s...

November 21, 2019 3 min read

Sri Lanka's Commercial Bank Sept net up on operating income, lower bad loan provisions

Net profits at Sri Lanka's largest listed lender Commercial Bank for the September quarter grew 21.8 percent from a year...

November 15, 2019 2 min read

Sri Lanka DFCC Bank net up in Sept quarter

Profits of Sri Lanka's DFCC Bank group grew 76 percent to 835 million rupees in the September 2019 quarter from a year e...

November 15, 2019 1 min read

Sri Lanka’s NDB Sept quarter net profit flat at Rs1.1bn

Profits at Sri Lanka’s National Development Bank (NDB) were almost flat at 1.1 billion rupees in the September 2019 qu...

November 14, 2019 2 min read

Sri Lanka Finance and Leasing firm ratings under pressure: Fitch

The ratings of finance and leasing companies will face downward pressure amid a slowing economy and rising bad loans, Fi...

November 14, 2019 2 min read
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