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Thursday December 2nd, 2021
Banking

Sri Lanka committee appointed to change direction of state banks

Sri Lanka will appoint a committee headed by retired High Court Judge Sisira Ratnayaka and 'experts from relevant' field...

5 min read

Sri Lanka's ETI Finance, Swarnamahal depositors to be paid from July 25: Corrected

Sri Lanka's central bank said compensation of up to 600,000 rupees will be paid to depositors of the failed ETI Finance ...

5 min read

Moody's says keeping Sri Lanka bank ratings under review for downgrade

Moody's Investors Service, which has put Sri Lanka's 'B2' sovereign rating under review for downgrade said it will conti...

5 min read

Sri Lanka bank operating conditions weaken, sovereign risk limit ratings: Fitch

The operating environment is continuing to weaken amid a Coronavirus pandemic and sovereign credit which had already bee...

5 min read

China's AIIB clears US$180mn Covid-19 credit for SMEs: Sri Lanka embassy

China's Asian Infrastructure Investment Bank (AIIB) has cleared a 180 million dollar credit for Coronavirus hit small an...

Sri Lanka allows 80-pct financing of used cars amid import controls

Sri Lanka has raised a ceiling on loan to value ratios allowing non-bank finance companies to provide a higher share of ...

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

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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
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pts %
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Turnover Rs million. 2,191,558,044.10 10,054,526,815
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3-m bill 7.56 7.63
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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
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Source: Central Bank/Indicative

Demand for small cars, homes to rise as Sri Lanka govt widens soft loan scheme

ECONOMYNEXT – Sri Lanka’s government has decided to widen its Enterprise Sri Lanka concessionary loan sche...

3 min read

Fitch downgrades Sri Lanka's HDFC Bank

Sri Lanka's HDFC, a majority state-run has been downgraded by Fitch, a credit rating agency to BB+ (lka) with a stable ...

4 min read

Sri Lanka banks overcharging poor farmers for credit checks

ECONOMYNEXT- Some Sri Lankan banks have been found overcharging rural farmers for Credit Information Bureau (CRIB) check...

1 min read

Sri Lanka's Bank of Ceylon launches US$200mn term loan: report

Sri Lanka's state-run Bank of Ceylon has launched a syndicated loan of up to 200 million dollars appointing a Middle Eas...

1 min read

UN wants Sri Lanka banks to contribute to agriculture credit line

The International Fund for Agricultural Development (IFAD) of the United Nations is looking for further funding from ban...

2 min read

Sri Lanka Commercial Bank offers WeChat payments in yuan

ECONOMYNEXT – Sri Lanka’s Commercial Bank has tied up with a unit of tech giant Tencent Holdings to offer ...

2 min read

Sri Lanka’s central bank tightens supervision of financial groups

ECONOMYNEXT - Sri Lanka’s central bank said it had entered into agreements with capital markets and insurance s...

1 min read

Sri Lanka to bring shareholder limits for non-bank lenders

Sri Lanka central bank is considering bringing shareholding limits to non-bank finance companies to improve governance, ...

1 min read

Sri Lanka to be 'brutal' on finance companies that lose capital

ECONOMYNEXT - Sri Lanka will act fast to resolve problems of finance companies that fall short of capital, Central Bank...

3 min read

Sri Lanka to tighten ownership limits in banks

Sri Lanka will tighten share ownership limits of Sri Lankan banks along with stricter qualifications for key management ...

2 min read