An Echelon Media Company
Saturday July 20th, 2024

Sri Lanka seeks forex liquidity support for state banks from AIIB

Minister Ali Sabry discussed the need for FOREX liquidity support for the state banks of Sri Lanka

May 9, 2022 1 min read

Sri Lanka tightens bank dividends, profit repatriation to preserve capital

Banks were also asked not to buy back shares, to use "extreme due diligence and prudence" in capex

May 8, 2022 1 min read

Sri Lanka's Bank of Ceylon 'CCC' rating place on watch for possible downgrade

Constrained access to foreign currency funding and indications of stress experienced by banks in the system as result

April 13, 2022 8 min read

Sri Lanka state private banks on watch for downgrade: Fitch

On heightened forex risks

April 13, 2022 4 min read
Sri Lanka central bank may tighten price controls further if rates don't fall faster

In the first set of controls, ceilings would be imposed on selected credit products

Bangladesh expects Sri Lanka to repay US$200mn swap by September: report

Bangladesh expects the next installment within two weeks, the newspaper said.

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
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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

Tax cuts boost Sri Lanka's Bank of Ceylon profits in Dec

State-owned Bank of Ceylon (BoC), Sri Lanka's largest lender, posted 10.63 billion rupee profit for the December quarter...

March 2, 2020 2 min read

Sri Lanka finance companies pressured by capital needs as bad loans rise: Fitch

Sri Lanka's finance and leasing companies are under pressure to raise capital and regulatory thresholds rise and bad loa...

March 2, 2020 2 min read

Uberising Banks

A year since launching Moneyworkz. lk in 2018, an online banking aggregator that uses data analytics to match customers ...

Devan Daniel
March 1, 2020 8 min read

Sri Lanka's Union Bank profits rise in Dec on lower bad loan provisions

Profits at Sri Lanka’s Union Bank of Colombo (UBC) group grew 111 percent to 196 million rupees in the December quart...

February 28, 2020 2 min read

Sri Lanka's Nations Trust Bank net up 49-pct in Dec quarter

Profits at Lanka's Nations Trust Bank rose 49 percent to 1.1 billion rupees in broadbased gains in stable fund and fee b...

February 28, 2020 2 min read

Sri Lanka bank impairments to grow on loan moratorium

Sri Lanka's banking industry would have to brace for a growth in provisioning for bad loans (impairments) as credit gets...

Chandeepa Wettasinghe
February 28, 2020 3 min read

Sri Lanka's Commercial Bank expects 10-12 pct credit growth in 2020

Sri Lanka's largest listed lender Commercial Bank of Ceylon Plc, is expecting its loan book to grow by 10-12 percent in...

Chandeepa Wettasinghe
February 27, 2020 3 min read

Sri Lanka's Hatton National Bank Dec profits grow on tax cut

Hatton National Bank Plc, the second largest listed lender, posted net profits of 6.26 billion for the December quarter,...

February 25, 2020 2 min read

Sri Lanka's Seylan Bank profits up in Dec after gratuity charge in 2018

Net profits at Sri Lanka's Seylan Bank Plc group grew 80.78 percent to 1.18 billion rupees from a year earlier despite t...

February 25, 2020 2 min read

Sri Lanka to stop rupee interbank offered rates from July

Sri Lanka's central bank said it will stop compiling offered rates, a forward looking interest rate compiled with market...

February 25, 2020 2 min read
1 43 44 45 46 47 56