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Saturday July 20th, 2024
Banking

Sri Lanka relaxes bank capital rules to cushion bond losses as rates spike

Banks face mark-to-market losses as well as bad loans from soft-peg crisis

May 24, 2022 2 min read

Sri Lanka bank credit jump Rs1.2trn in March in soft-peg collapse

Stability of foreign exchange rates was in their eyes a mischief, not a blessing

May 16, 2022 4 min read

Sri Lanka's Commercial Bank profits up 73-pct in March 2022 quarter

Net other operating income was loss of 12.2 billion rupees, loan loss provisions were down

May 16, 2022 2 min read

Sri Lanka central bank advances more dollars to banks

Total advanced to banks through swaps have risen to US$351mn

May 9, 2022 2 min read

Sri Lanka finance companies pressured by Coronavirus: Fitch

Sri Lanka's Finance and Leasing Companies (FLCs) which had seen a spike in bad loans would be further pressured by Coron...

April 3, 2020 4 min read

Sri Lanka relaxes capital buffer deadlines, bad loan rules on Coronavirus crisis

Sri Lanka's central bank said it relaxing loan loss provisions, capital enhancement deadlines and would also allow banks...

March 30, 2020 3 min read

Sri Lanka central bank to re-fiance Rs50bn in Coronavirus loans

Sri Lanka will provide central bank re-finance up to 50 billion rupees for businesses hit by Coronavirus through a re-f...

March 28, 2020 9 min read

Central Bank of Sri Lanka, banks, Treasury, insurers essential services in Coronavirus curfew

Sri Lanka's President Gotabaya has made Central Bank of Sri Lanka, commercial banks, insurances services and the Treasur...

March 26, 2020 1 min read

Sri Lanka's HSBC gives Coronavirus relief to credit card, wholesale banking customers

Sri Lanka's HSBC, the largest foreign banks said it is giving relief to credit card customers, personal and wholesale cr...

March 26, 2020 4 min read

Sri Lanka CB issues Coronavirus relief order to banks on small biz, vehicles, loans

Sri Lanka's central bank has issued directions for commercial banks to give a six month debt moratorium to for lease re...

March 26, 2020 2 min read

Peoples' Bank helping keep Sri Lanka energized in Coronavirus battle, ATMs, online banking urged: Ch...

Sri Lanka's state-run People's Bank said it is funding the country's energy utilities and key state enterprises, giving ...

March 24, 2020 2 min read

Sri Lanka's Commercial Bank says ready to help customers worst hit by COVID-19

Commercial Bank of Ceylon, Sri Lanka's largest private lender is ready to support borrowers whose cashflows would be h...

Chandeepa Wettasinghe
March 24, 2020 4 min read

Sri Lanka bankers to use office IDs for work during Coronavirus curfew: police

The Central Bank of Sri Lanka (CBSL) has asked commercial banks to be open at least two hours when curfew is lifted in m...

March 23, 2020 1 min read

Sri Lanka President orders 6-month debt moratorium, 4-pct working capital

Sri Lanka's President Gotabaya Rajapaksa ordered banks to suspend collecting loans for six months and provide working ca...

March 17, 2020 1 min read
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Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka Central Bank Governor asks markets to remain calm

Sri Lanka's Central Bank Governor W. D. Lakshman called on financial institutions to not speculate and cause panic in th...

March 17, 2020 2 min read

Sri Lanka central bank in low cost QR code drive to boost digital transactions

Sri Lanka is promoting low cost quick response (QR) code based technology with slashed fees to draw a wider base of smal...

Tania Madies
March 13, 2020 3 min read

Sri Lanka gives debt moratorium to finance company borrowers

Sri Lanka has extended a debt moratorium introduced at the request of the current administration first given by banks to...

March 13, 2020 1 min read

Fitch warns Sri Lanka on finance companies, ahead of tighter bad loan rule

Profits and capital of Sri Lanka's Finance and Leasing Companies (FLCs) would be dented when tighter rules on bad loan p...

March 13, 2020 4 min read

Sri Lanka regulatory sandbox open for fintech experiments: Central Bank

Sri Lanka's central bank has unveiled a regulatory sandbox to run innovative fintech experiments which can be released t...

Tania Madies
March 12, 2020 2 min read

Sri Lanka banks should invest in fintech start ups: senior banker

Sri Lanka's banks and financial institutions are not doing enough to sponsor and promote fintech start ups, veteran bank...

March 11, 2020 1 min read

Sri Lanka Angel Fund to back start-ups in underserved areas

A newly set up Angel Fund will support start-ups across Sri Lanka helping entrepreneurs in underserved regions with both...

March 11, 2020 2 min read

Sri Lanka bank credit to state surge in January 2020, private loans muted

Sri Lanka' credit to government from commercial banks had surged to 147.8 billion rupees in January 2020, up from 34.4 b...

March 10, 2020 2 min read

Sri Lanka central bank in talks with accounting body over NPL treatment from moratorium

Sri Lanka's central bank is engaged in discussions with the Institute of Chartered Accountants (CA Sri Lanka) over provi...

March 6, 2020 2 min read

Sri Lanka's Union Bank expects credit pick-up after polls

Sri Lanka’s Union Bank is expecting loan growth to pick up in 2020 after upcoming general elections, as the country em...

March 4, 2020 2 min read
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