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Monday October 25th, 2021
Banking

Sri Lanka's Commercial Bank to raise Rs10bn from share sale to IFC

Sri Lanka's Commercial Bank of Ceylon said it wants to raise 10 billion rupees in capital from the sale of up to 125 mil...

3 min read

Sri Lanka President calls for joint committee to monitor failed finance companies

Sri Lanka's President Gotabaya Rajapaksa had called for a four way joint committee to monitor the resolution of failed f...

3 min read

Sri Lanka's central bank to guarantee Covid-19 credit

Sri Lanka's central bank said it will guarantee loans given by banks for Coroanvirus affected businesses, from their ow...

3 min read

Sri Lanka Covid-19 credit needs guarantees to move, caution on liquidity injections: Advocata

Sri Lanka's government or central bank will have to guarantee Coronavirus credit to the most vulnerable firms, but below...

3 min read

Sri Lanka's Peoples' Bank says it is strong and stable

Sri Lanka's state-run People's Bank said it was strong and stable and had relationships with 900 foreign banks.

Swarnamahal Financial Services depositors to get another payment: Sri Lanka central bank

Sri Lanka's central bank said depositors of Swarnamahal Financial Services will get another tranche of cash, taking repa...

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

Fitch downgrades Sri Lanka financial institutions on sovereign rating cut

ECONOMYNEXT – Fitch Ratings said it has downgraded the ratings of Sri Lanka’s National Savings Bank, Bank ...

7 min read

Poor financial literacy in Sri Lanka helping scammers

Ignorance about risks and a focus on rewards only making it easy for people to fall victim for scammers despite having h...

2 min read

Sri Lanka to pay compensation to Standard Credit Finance depositors

ECONOMYNEXT –Sri Lanka’s banking regulator said it would pay compensation to depositors of Standard Credit...

1 min read

Sri Lanka's NSB, PLC downgraded to 'B' on political crisis, falling rupee

Sri Lanka's state-run National Savings Bank and People's Leasing has been downgraded to 'B' from 'B+' by Standard and Po...

8 min read

Fitch maintains negative outlook for Sri Lankan banks

ECONOMYNEXT – Fitch Ratings has maintained its negative outlook for Sri Lankan banks, saying the macroeconomic fa...

3 min read

Sri Lanka's Dialog Finance loses Rs39mn in Sept quarter

ECONOMYNEXT – Dialog Finance , the fin-tech unit of Sri Lanka’s top mobile phone operator Dialog Axiata, l...

2 min read

Sri Lanka private credit surges in Sept amid liquidity injections

Sri Lanka's private credit surged 107.3 billion rupees, up from 46 billion rupees a month earlier, as central bank injec...

1 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 201.0455 200.5117
UK Pound 277.3121 277.2676
Euro 233.7456 233.8869
Aus Dollar 150.2614 151.2660
Yen 1.7625 1.7543
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6854 2.6801
Korea Won 0.1705 0.1707
Oman Rial 522.2097 520.8231
Saudi Riyal 53.6007 53.4541
UAE Dirham 54.7338 54.5885
Source: Central Bank/Indicative
pts %
S&P SL20 3,572.70 0.54%
CSE All Share 9,881.50 1.78%
Turnover Rs million. 2,191,558,044.10 4,268,523
Source: CSE
Latest Last
3-m bill 7.19 6.64
6-m bill 7.31 6.80
12-m bill 7.46 6.96
5-yr bond 10.52 9.48
8-yr bond 11.37 9.97
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.11 5.11
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's Hatton National Bank Sept net up 17-pct

ECONOMYNEXT - Profits at Sri Lanka's Hatton National Bank grew 17 percent from a year earlier to 4.8 billion rupees in t...

2 min read

Sri Lanka's Commercial Bank Sept net up 25-pct on forex gains, better margins

ECONOMYNEXT - Profits at listed Commercial Bank of Ceylon Plc grew 24.5 percent from a year earlier to 5.1 billion rupee...

2 min read

Sri Lanka’s FIU, Motor Traffic dept to share money laundering intelligence

ECONOMYNEXT – Sri Lanka’s Financial Intelligence Unit (FIU) said it has signed an agreement with the Depar...

1 min read

Taxes, impairments wipe out Sri Lanka’s Cargills Bank Sept quarter profits

ECONOMYNEXT – Sri Lanka’s Cargills Bank reported net profit slumped to less than a million rupees in the S...

3 min read

Sri Lanka’s central bank gets new deputy governors

ECONOMYNEXT – The Monetary Board of Sri Lanka's Central Bank has promoted Assistant Governors S R Attygalle and H...

2 min read

Sri Lanka's Nations Trust Bank Sept net down 3-pct

Profits at Sri Lanka's Nations Trust Bank Plc grew a marginal 3 percent from a year earlier to 1 billion rupees in the S...

3 min read

Sri Lanka's DFCC Bank Sep net up 90-pct on capital gain

Profits at Sri Lanka's listed DFCC Bank Plc rose 90 percent from a year earlier to 810.8 million rupees in the September...

3 min read

Higher taxes discourage foreign investments in Sri Lankan banks: Com Bank chief

ECONOMYNEXT –Sri Lanka's banks are easy targets for higher taxes which is hurting profitability and discouraging ...

3 min read

Sri Lanka's Pan Asia Bank Sep net down 13-pct

Profits at Sri Lanka's listed Pan Asia Bank fell 13 percent from a year earlier to 260.7 million rupees in the September...

2 min read

Sri Lanka bank NPLs highest in tourism

Non-performing loans in Sri Lanka's banks, which are below recent and historic highs, were highest in tourism, a sector ...

2 min read

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