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Tuesday December 5th, 2023

Sri Lanka top banks has high exposure to sovereign debt, past haircuts have averaged 37-pct: Fitch

"The exposure of Fitch-rated banks to the sovereign was 39-pct of assets and 471 percent of equity as at end-2020"

July 2, 2021 2 min read

Sri Lanka private credit grows in May, state credit picks up

Private credit grows by over Rs55bn in April and May

June 28, 2021 1 min read

Sri Lanka banks that borrow to buy sovereign bonds face increased risk: Fitch

Refinancing risks are elevated

June 23, 2021 4 min read

Sri Lanka banks to provide essential services during Covid-19 lockdown: Central Bank

Publish notices informing the general public how essential banking services can be obtained

June 8, 2021 2 min read
Sri Lanka banks to be re-capitalized based on diagnostic study: Deputy Governor

And based on the final outcome capitalization will also take place

Sri Lanka plans deposit interest caps, more price controls: President

Limits will be imposed on deposit rates to reduce interest rates

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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today yesterday
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Sri Lanka's private credit up in September 2019

Sri Lanka's private credit grew 53.7 billion rupees in September 2019, with the central bank printing 23.9 billion rupee...

November 13, 2019 2 min read

Taxes hit Sri Lanka's Sampath Bank Sept profits

Net profits at Sri Lanka's Sampath Bank for the September quarter fell 0.7 percent to 2.6 billion rupees with taxes eati...

November 8, 2019 2 min read

HSBC digital trade banking offers early payment for Sri Lanka suppliers

HSBC is offering a web-based supply chain finance platform initially targeting Sri Lanka apparel exporters that the ban...

November 7, 2019 2 min read

Sri Lanka's Pan Asia bank profits grow in Sept with lower bad loan provisions

Net profits at Sri Lanka's Pan Asia Banking Corporation (PABC) for the September quarter grew 4 percent from a year earl...

November 6, 2019 2 min read

Sri Lanka's Seylan Bank Sept net marginally up with lower income tax charge

Sri Lanka's Seylan Bank's net profits grew by a marginal 0.53 percent to 1.04 billion rupees in the September quarter wi...

November 1, 2019 2 min read

Moody's confirms B2/NP rating of Sri Lanka's Bank of Ceylon, HNB, Sampath Bank

Moody's Investors Service has confirmed the at B2/NP ratings of three Sri Lankan banks, Bank of Ceylon (BOC), Hatton Nat...

October 31, 2019 4 min read

Sri Lanka to publish national financial inclusion survey in 2019

Sri Lanka will be publishing the results of a financial inclusion survey to understand how businesses access funds, Cent...

October 28, 2019 2 min read

Sri Lanka Peoples' Leasing and Finance net up 10-pct

Profits at Sri Lanka's Peoples' Pleasing and Finance group, the country's largest non-bank lender which also has an ins...

October 28, 2019 1 min read

Sri Lanka central bank cancels licence of The Finance Co.

Sri Lanka's central bank said it had decided to cancel the license of The Finance Company with effect from 23rd October ...

October 23, 2019 2 min read

Sri Lanka taken off FATF grey list: Central Bank

Sri Lanka has The Financial Action Task Force (FATF), a a global anti-money laundering body has taken the island off its...

October 22, 2019 1 min read
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