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Sunday February 5th, 2023
Banking

Standard Chartered Sri Lanka finances PPE export production

Standard Chartered Sri Lanka said it had financed personal protective equipment manufacture for export at Sri Lanka's Di...

December 3, 2020 2 min read

Sri Lanka bank NPLs steady in Oct with 25-pct moratorium, non-banks improve

Non-performing loans in Sri Lanka's banks were steady at 5.2 percent by October 2020 though a substantial volume of loan...

December 1, 2020 2 min read

Sri Lanka to start directed lending, ceiling 7-pct rate for wage earner housing loans

Sri Lanka will start directed lending under the policy of the current administration and will mandate a ceiling 7 percen...

November 26, 2020 2 min read

Sri Lanka gets US$165mn credit from ADB for Covid-19 hit small biz

Manila-based Asian Development Bank said it is giving a 165 million US dollar credit to Sri Lanka to support Coronavirus...

November 26, 2020 2 min read

NDBIB named best investment bank in Sri Lanka

NDBIB has been named the best investment bank in Sri Lanka by Euromoney, a financial magazine for the eight time, the fi...

July 24, 2019 1 min read

Union Bank of Colombo June net up on tax reversal, net interest income

Profits at Sri Lanka's Union Bank of Colombo (UBC) group grew 53 percent to 205 million rupees helped by a tax provision...

July 24, 2019 2 min read

Sri Lanka central bank says to take further measures to cut lending rates

ECONOMYNEXT – Sri Lanka’s central bank said it will take further appropriate measures to ensure lending ra...

July 18, 2019 2 min read

Sri Lank PM forecasts lending rates at 10-pct by end July

Sri Lanka's Prime Minister Ranil Wickremesinghe has said that lending rates will fall to 10 percent by end July 2019, an...

July 15, 2019 1 min read

Sri Lanka private credit negative in May, CB credit sharply down

Sri Lanka's credit to private borrowers contracted 2.5 billion rupees in May to 5,541.8 billion rupees, after a 43.4 bil...

July 14, 2019 2 min read

Bimputh Finance hit by micro-finance price controls, downgraded to 'BB-(lka): Fitch

Fitch Ratings Lanka said it had downgraded the rating of Bimputh Finance Plc, a non-micro-lender, to 'BB-(lka)' from 'BB...

July 13, 2019 4 min read

Central bank wants lending rates in Sri Lanka to fall 200bp

Sri Lanka's banks should lower the average lending rate by 200 basis points to avoid ceilings on lending rates Central B...

July 12, 2019 3 min read

Central bank cuts Sri Lanka 3-month deposit rate 1.7-pct under new price controls

Sri Lanka's central bank on Friday ordered a cut of 1.71 percent on 3-month deposits under its controversial price contr...

June 28, 2019 3 min read

Small, mid-sized Sri Lankan banks under pressure with thin capital, high risk: Fitch

ECONOMYNEXT- Sri Lanka's small and mid-sized banks (SMBs) are facing higher pressure due to thin capital buffers and hig...

June 28, 2019 3 min read

Sri Lanka bank bad loans rise 64-pct in 1Q 2019: Fitch

Bad loans at Sri Lanka's banks had risen 64 percent in the first quarter of 2019, the worst since 2013 when gold-backed ...

June 27, 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
Oman Rial 943.2237 943.2268
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.8729 98.8786
Source: Central Bank/Indicative
pts %
S&P SL20 2,653.84 -1.51%
CSE All Share 8,420.26 -1.04%
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 starts its own payment card to cut costs

Sri Lanka has started a national payment card which will settle domestic and international transaction partnering with J...

June 25, 2019 2 min read

National Savings Bank Sri Lanka rated [Sl] AAA by ICRA

ICRA Lanka Limited has given a rating of [SL] AAA with a stable outlook to state-run National Savings Bank backed by gov...

June 24, 2019 8 min read

Sri Lankan banks too risk-averse, regulator says

ECONOMYNEXT – Sri Lankan banks and private sector are still too cautious and not changed attitudes to reflect mod...

June 20, 2019 1 min read

ADB to re-finance Sri Lanka's Regional Development Bank micro loans

Manila-based Asian Development Bank said it loan 50 million dollars to state-run Regional Development Bank in Sri Lanka ...

June 15, 2019 2 min read

Bad loans at banks in Sri Lanka surge after 2018 monetary instability

Bad loans in Sri Lanka's listed banks have surged in the first quarter of 2019, as the credit system emerged from moneta...

June 14, 2019 4 min read

Sanasa Development Bank buys Sri Lanka mobile payment start-up Upay

ECONOMYNEXT – Sri Lanka’s Sanasa Development Bank (SDB) has bought the UPay mobile payment platform for 20...

June 10, 2019 1 min read

Prime lending rate in Sri Lanka drops 38-bp in a week

Sri Lanka's average prime lending rate has dropped 38 basis points in the week to June 07, the central bank data showed,...

June 10, 2019 3 min read

Sri Lanka CB may build Chinese wall between EPF and bank supervision

Sri Lanka's central bank may consider further steps to reduce perceptions of conflicts of interest in bank regulation an...

Chandeepa Wettasinghe
June 6, 2019 2 min read

Global terror finance watchdog delays Sri Lanka exam after Islamist attacks

ECONOMYNEXT- The Financial Action Task Force, the global policy setter on anti-money laundering and anti-terrorism finan...

June 3, 2019 1 min read

Sri Lanka govt widens low interest loan schemes

ECONOMYNEXT – The Sri Lankan government has widened a credit scheme at subsidized interest rates to promote entre...

May 31, 2019 2 min read
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