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Saturday June 15th, 2024
Banking

Sri Lanka bank pays China fertilizer firm after court order lifted

Ahead of visit by Chinese minister

January 8, 2022 1 min read

Sri Lanka's Alliance Finance gets US$5mn from EMF Microfinance Fund

After FMO funding

January 4, 2022 1 min read

Sri Lanka orders housing loans to be given at prime lending rate

After 5 years AWPR plus 200bp

January 3, 2022 1 min read

Sri Lanka's JKH, Central Finance asks for more time to cut NTB stake

Deadline to cut stake to 20-pct Dec 31

January 3, 2022 1 min read
Tea
Sri Lanka's Lankapay and Nepal's Fonpay link up for cross-border payments

Enables mobile QR based payments in Sri Lanka and Nepal

Tea
Sri Lanka's People's bank 'A(lka)' rating confirmed with negative watch: Fitch

Fitch Ratings has maintained the Rating Watch Negative (RWN) on the 'A(lka)' National Long-Term Rating of People's Bank

Asian Development Bank appoints Chen Chen as new Sri Lanka country director

Manila-based Asian Development Bank said it has appointed Chen Chen, a Chinese national who has been with the lender sin...

February 24, 2020 1 min read

Sri Lanka's Commercial Bank profits inch up in Dec on lower income tax charge

Commercial Bank, Sri Lanka's largest listed lender in assets, said profits for the December quarter grew 1.11 percent to...

February 24, 2020 2 min read

Sri Lanka banks to launch request to pay services shortly

At least two Sri Lanka banks will launch request to pay services shortly, a new technology that makes it much easier for...

Tania Madies
February 23, 2020 3 min read

Sri Lanka's Pan Asia Bank profits surge in Dec on bad loan recovery

Net profits at Sri Lanka's Pan Asia Banking Corporation Plc (PABC) grew 58 percent to 726.8 million rupees in the Decemb...

February 20, 2020 2 min read

Sri Lanka's Hatton National Bank expects 12-14-pct credit growth in 2020

Sri Lanka's Hatton National Bank is expecting 12-14 percent loan growth in 2020 as the banking system recovers from a cr...

February 20, 2020 2 min read

Sri Lanka's NDB profits grow in Dec on lower income tax

Sri Lanka's NDB Bank said net profits for the December quarter grew 3.8 percent from a year earlier to 1.8 billion rupee...

February 19, 2020 2 min read

Sri Lanka banks trading at 10-yr low valuations: analysts

Sri Lankan banks are trading at a ten year low valuation, with upward pressure on performance after a challenging 2019, ...

February 18, 2020 3 min read

Sri Lanka's HNB Finance IPO oversubscribed

Sri Lanka's HNB Finance Limited, said it has received applications in excess of the 57 million rupees in shares the comp...

February 17, 2020 1 min read

Sri Lanka's central bank extends Pan Asia primary dealer ban for six months

Sri Lanka's central bank said it will extend the ban on the primary dealership arm of Pan Asia Banking Corporation (PABC...

February 17, 2020 1 min read

Sri Lanka's Bank of Ceylon, Mobitel team up to push digital mobile payments

Sri Lanka state-run Bank of Ceylon, Mobitel (Pvt) Ltd, a unit of Sri Lanka Telecom, said they have tied up to provide di...

Chanka Jayasinghe
February 16, 2020 2 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
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Sri Lanka bank profits to lift on SLDB tax relief

Domestic commercial banks which held dollar denominated bonds issued by the government of Sri Lanka will see higher prof...

Chandeepa Wettasinghe
February 14, 2020 3 min read

Sri Lanka's Sampath Bank pays big dividend after D-SIB rule change, net up in Dec

Sampath Bank, the third largest listed lender in Sri Lanka, said its profits for the December quarter grew 29.4 percent ...

February 14, 2020 2 min read

Sri Lanka warned against continuing interest price controls by IMF

Sri Lanka has been warned against continuing its controversial price controls on bank lending rates by the International...

February 10, 2020 3 min read

Sri Lanka bank credit, state borrowing surge in Dec 2019

Sri Lanka's credit from the banking system to the central government and state enterprises had surged in December, while...

February 5, 2020 2 min read

Sri Lanka banks met lending rate ceiling a week from 2019 deadline: Deputy Governor

All commercial banks operating in Sri Lanka had complied with ceiling rates set by the central bank for a December 2019...

January 30, 2020 1 min read

Sri Lanka extends deadline for SME debt moratorium

Sri Lanka's central bank will extend the deadline for a loan moratorium and new credit program for small and medium size...

January 30, 2020 2 min read

Sri Lanka banks had restructured 3.6-pct of loans, SME moratorium limited effect: Fitch

Sri Lanka's banks have already restructured some bad loans and a moratorium and credit support announced for small and m...

January 29, 2020 4 min read

Fitch cuts outlook on People's Bank, Commercial Bank and Serendib Finance

Fitch Ratings has revised the outlook on People's Bank (PB) Commercial Bank (CB) and Serendib Finance Limited to negativ...

January 23, 2020 5 min read

Fitch cuts outlooks for three banks following sovereign action

Ratings agency Fitch has revised the international (IRD) and national outlooks of Bank of Ceylon, National Savings Bank ...

January 22, 2020 8 min read

Fitch downgrades People's Leasing & Finance to A+(lka)

Ratings agency Fitch downgraded state-owned People's Leasing & Finance Plc (PLC) to a national long-term rating of ...

January 22, 2020 4 min read
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