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Thursday September 29th, 2022
Banking

Sajith calls for National effort to save the country’s economy

Leader of the Opposition Sajith Premadasa is calling on all political parties to shed their differences and come togethe...

September 30, 2020 2 min read

Moody's downgrades Bank of Ceylon, HNB, Sampath after Sri Lanka sovereign rating cut

Moody's Investors Service has downgraded the long-term foreign currency deposit ratings of Bank of Ceylon (BOC), Hatton ...

September 30, 2020 6 min read

Sri Lanka's Softlogic Capital to buy Abans Finance, merge with Softlogic Finance

Sri Lanka's Softlogic Capital Plc said it will buy a 49.67 percent stake in Abans Finance from its parent at 30.10 rupee...

September 29, 2020 1 min read

Sri Lanka private credit up in August, SOE borrowings reach trillion rupees 2020

Sri Lanka's credit to private sector grew 78.3 billion rupees to 5,908.7 billion rupees, while loans to state enterprise...

September 28, 2020 2 min read
Kenneth de Zilwa appointed Chairman of Lanka Clear

Central Bank Governor W D Lakshman had appointed de Zilwa for a period of three years

Sri Lanka money printing, state credit reduces in April

Central bank credit to government fell 21.7 billion rupees in March to 1,070 billion rupees

Sri Lanka Central Bank launches Sustainable Finance Roadmap

Sri Lanka's Central Bank has launched a Sustainable Finance Roadmap with support from the International Finance Corporat...

April 11, 2019 2 min read

Sri Lanka predatory lenders abuse financial ignorance of people

ECONOMYNEXT – Sri Lanka’s unregulated financial institutions thrive on the financial ignorance of the peop...

Mahadiya Hamza
April 10, 2019 2 min read

Sri Lanka to offer leeway on new regulations for small banks, finance companies

Sri Lanka's central bank is offering breathing space for small and medium sized banks and non-bank finance companies to ...

April 9, 2019 2 min read

Sri Lanka digital banking transactions double in third quarter of 2018

ECONOMYNEXT – Real-time digital transactions on Sri Lanka’s common electronic fund transfer system more th...

April 5, 2019 2 min read

Sri Lanka to bring credit regulation law for micro loan sharks

Sri Lanka will bring a credit regulation law to protect consumers from micro loans given by loan sharks, Finance Ministe...

April 5, 2019 1 min read

Citibank’s Sri Lanka unit maintains zero bad loans record, retains 'AAA(lka)' rating

ECONOMYNEXT – Fitch Ratings Lanka said it has confirmed Citibank N.A. – Colombo Branch's national long-ter...

April 2, 2019 3 min read

Private credit in Sri Lanka turns negative after four years in Jan 2019

Sri Lanka's credit to private borrowers from commercial banks turned negative in January 2019 for the first time since 2...

April 1, 2019 4 min read

Enterprise Sri Lanka credit grows to Rs79bn

Loans under Enterprise Sri Lanka subsidized credit has totaled 79 billion rupees to 46,673 recipients since the program ...

March 31, 2019 1 min read

Sri Lanka's Sanasa Bank in the red in Dec 2018 quarter

Sri Lanka's listed Sanasa Development Bank reported a loss of 26.1 million rupees in the December 2018 quarter, down 113...

March 31, 2019 2 min read

Sri lanka's Sanasa to get US$10mn in Dutch funding

Sri Lanka's Sanasa Development Bank Plc, a publicly traded firm linked to the co-operative movement, said it planned to ...

March 30, 2019 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 369.9235 369.9235
UK Pound 417.3920 417.3688
Euro 365.4949 365.1473
Aus Dollar 247.2916 245.9917
Yen 2.6166 2.5700
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4750 4.5225
Korea Won 0.2575 0.2576
Oman Rial 942.5852 942.5852
Saudi Riyal 96.4518 96.4518
UAE Dirham 98.7994 98.7994
Source: Central Bank/Indicative
pts %
S&P SL20 3,203.01 -0.87%
CSE All Share 9,964.80 -0.36%
Turnover Rs million 3,017,534,901 4,958,500,230
Source: CSE
Latest Last
3-m bill 30.31 30.81
6-m bill 28.51 28.66
12-m bill 28.26 28.78
5-yr bond 25.30 25.04
8-yr bond 26.01 25.76
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's state-owned People's Bank 2018 profits up 3.5-pct

ECONOMYNEXT - Profits at Sri Lanka's state-owned People's Bank grew 3.5 percent from a year earlier to 20 billion rupees...

March 29, 2019 2 min read

Sri Lankan bank lending boost from polls spending

ECONOMYNEXT – Forthcoming elections could help boost lending by Sri Lankan banks if it leads to higher government...

March 27, 2019 1 min read

Sri Lanka banks, Thomas Cook, win currency exchange franchises at airport

Sri Lanka has awarded three-year franchises to operate foreign currency exchange couners at the main airport in the coun...

March 24, 2019 1 min read

Mastercard offers overseas hospital discounts for Sri Lankan cardholders

ECONOMYNEXT – Mastercard said it was offering Sri Lankan cardholders a range of discounts at top hospitals in Asi...

March 21, 2019 1 min read

Sri Lanka bank bad loan provisions surge with new accounting rule: Fitch

ECONOMYNEXT - Sri Lankan banks have seen a surge in provisioning for bad loans with the adoption of a new accounting ru...

March 21, 2019 3 min read

Sri Lanka non-bank lenders face asset quality, profitability pressure: Fitch

ECONOMYNEXT - Sri Lanka’s non-bank finance companies will face pressure on asset quality and profitability in the...

March 19, 2019 2 min read

Sri Lanka newly-weds, migrant workers to get subsidised housing: Budget 2019

ECONOMYNEXT – Sri Lanka’s 2019 government budget will offer a host of subsidised loans to beneficiaries ra...

March 5, 2019 3 min read

Sri Lanka banks exceed revised SME lending targets

Sri Lankan banks have exceeded lending targets for micro, small and medium scale enterprises (MSMEs) under programs with...

March 1, 2019 3 min read

Sri Lanka's Seylan Bank December quarter profits slashed on write-downs

Profits at Sri Lanka's Seylan Bank Plc in the December 2018 quarter was wiped out by a one-off provision for retirement ...

February 21, 2019 2 min read

Sri Lanka's The Finance trading suspended over accounting issues

Sri Lanka's The Finance Company Plc, a troubled non-bank lender which was slapped with a cease-and-desist order by the r...

February 21, 2019 1 min read