An Echelon Media Company
Monday September 25th, 2023
Banking

Sri Lanka's central bank invites public to open forex accounts

Sri Lanka's central bank is inviting members of the public who have in their hand legitimately acquired foreign currency...

April 2, 2021 2 min read

Sri Lanka credit card debt down, new card issues picking up

Sri Lanka's credit card debt has fallen sharply since a Coronavirus pandemic hit the country in March 2020, but new card...

March 31, 2021 2 min read

Sri Lanka Port City Economic Zone to have offshore banking, stock exchanges

Sri Lanka's Colombo Port City Special Economic Zone will have offshore banks for which regulations will be made by the P...

March 29, 2021 3 min read

Sri Lanka's Bank of Ceylon net down, strong loan growth in Dec

Profits at Sri Lanka's state-run Bank of Ceylon group fell 34 percent to 6.3 billion rupees in the December 2020 quarter...

March 28, 2021 2 min read
Sri Lanka central bank advances more dollars to banks

Total advanced to banks through swaps have risen to US$351mn

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

Citibank Sri Lanka 'AAA(lka)' rating confirmed with zero bad loans

Fitch Ratings has confirmed an 'AAA(lka)' given to Sri Lanka's Citibank branch, which has zero bad loans from 2009.

October 4, 2019 3 min read

Standard Chartered Bank, Sri Lanka unit, rating confirmed at 'AAA(lka)'

Fitch Ratings has confirmed an 'AAA(lka)' rating with a stable outlook given to the Sri Lanka branch of Standard Charter...

October 4, 2019 3 min read

Sri Lanka's Serendib Finance to get capital from parent, 'A+(lka)' rating confirmed

Fitch Ratings has confirmed an 'A+(lka)' rating of Serendib Finance Limited, a finance company controlled by 'AA(lka) ra...

October 1, 2019 2 min read

Sri Lanka loan rate ceilings credit positive, Moody's mistaken: Central Bank

Sri Lanka's central bank disputed an analysis by Moody's Investor Service, a rating agency which said price controls sla...

October 1, 2019 2 min read

Sri Lanka loan price controls to hurt banks: Moody's

Sri Lanka's price controls on lending rates, which comes in the wake of a currency collapse and a spike in bad loans, wi...

September 28, 2019 4 min read

Sri Lanka lifts price controls on bank deposits

Sri Lanka has lifted price controls on depositors to expropriate small depositors, in the wake of a currency collapse in...

September 26, 2019 1 min read

Sri Lanka orders 200bp cut in lending rates in new price controls

Sri Lanka's central bank has slapped price controls on commercial banks loans, as credit contracted and bad loans soared...

September 24, 2019 4 min read

Sri Lanka banks reject hydro project loan after endemic fish re-discovery

Sri Lankan banks supporting biodiversity conservation efforts refused to lend money for a mini-hydro power plant after t...

September 24, 2019 2 min read

Sri Lanka's Sinhaputhra Finance given time to raise capital

Sinhaputhra Finance Plc, non-bank lender in Sri Lanka has been given time to raise capital, the central bank said.

September 19, 2019 1 min read

Sri Lanka TKS Finance licence cancelled, liquidation to recover deposits

Sri Lanka's central bank has cancelled the licence of TKS Finance Limited with insured depositors to be compensated up t...

September 19, 2019 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 330.2942 315.1016
UK Pound 429.0139 401.1871
Euro 372.1704 343.1959
Aus Dollar 227.2526 211.5951
Yen 2.3820 2.1908
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

Sri Lanka to call for expressions of interest to revive The Finance Company

Sri Lanka’s central bank has decided to call for expressions of interest to find potential investors to revive the fai...

September 17, 2019 2 min read

Sri Lanka's NDB Bank eyes private placement to boost capital

Sri Lanka's NDB Bank Plc is planning a private placement of shares among foreign and domestic investors to raise capital...

September 17, 2019 3 min read

Sri Lanka banks vulnerable to property market downturn: Fitch

Sri Lankan banks are vulnerable to a property market downturn given increased lending to the sector and a weak ability t...

September 17, 2019 2 min read

Hatton National Bank 'AA(lka)' Sri Lanka rating confirmed by Fitch

Fitch Ratings has confirmed the 'AA(lka)' rating of Sri Lanka's Hatton National Bank saying it had adequate capital but...

September 11, 2019 3 min read

Commercial Bank of Ceylon 'AA(lka)' Sri Lanka rating confirmed by Fitch

Commercial Bank of Ceylon's 'AA(lka)' rating has been confirmed with a stable outlook, Fitch Rating said, though tough o...

September 11, 2019 3 min read

Seylan Bank's 'A-(lka)' Sri Lanka rating confirmed ahead of capital raising

Sri Lanka's Seylan Bank Plc, rating of 'A-(lka)' has been confirmed by Fitch with a stable outlook ahead of a capital ra...

September 11, 2019 3 min read

Sri Lanka private credit negative in July, government borrowings up

Sri Lanka's bank credit to private sector was a negative 3.3 billion rupees in July 2019, sharply down from a 63 billion...

September 8, 2019 3 min read
1

Sri Lanka blames high interest rates on 'structural issues'

Sri Lanka has blamed 'structural issues' for high interest rates in the country, as large volumes of money was printed t...

September 8, 2019 3 min read

Sri Lanka IFAD-backed program to give low interest loans to farmers

Sri Lanka's Sanasa Development Bank Plc., has joined a program backed by a UN agency that seeks to transform subsistence...

Chanka Jayasinghe
September 7, 2019 2 min read

Sri Lanka's NSB, Bank of Ceylon, People's ratings confirmed by Fitch; outlooks stable

Fitch Ratings said it is confirming ratings of state-run National Savings Bank, Bank of Ceylon and People's Bank with st...

September 3, 2019 5 min read
1 44 45 46 47 48 51