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Tuesday December 5th, 2023
Banking

Sri Lanka central bank looking at third wave credit relief: Deputy Governor

Discussion are progressing with lenders

May 21, 2021 3 min read

Sri Lanka all-in-one Transit Card on track: LankaClear

The card could be used at ATMs, POS machines bus and rail

April 27, 2021 2 min read

Sri Lanka residents who earn abroad allowed to maintain foreign bank accounts

Sri Lanka residents who have worked abroad, and individuals or firms providing services to foreigners can now open accou...

April 25, 2021 4 min read

Sri Lanka to set up state-run Youth Start up fund, loan guarantee fund: Namal

Sri Lanka will set up a state-run Youth Startup Fund and a Guarantee Fund to help young entrepreneurs get capital, Minis...

April 21, 2021 1 min read
Sri Lanka to sell down 20-pct state banks shares to workers, depositors

All banks in Sri Lanka have faced capital depletion amid bad loans and rate rises

Sri Lanka clears offshore banks at Colombo Port City: Commission

New account created in all banks to help invest in Colombo Port City

Sri Lanka's Bank of Ceylon outlook on [SL] AAA rating cut to negative by ICRA

The outlook on the top [SL]AAA rated state-run Bank of Ceylon has been cut to negative from stable by ICRA Lanka, a rati...

October 18, 2019 9 min read

Rabobank, Dutch govt to fund Sri Lanka vocational school, rural bridges

Dutch government to cover 25-pct of the cost from a grant.

October 16, 2019 1 min read

Commercial Bank gets Proparco funds for Sri Lanka SMEs

Proparco, a unit of French aid agency Agence Française de Développement (AFD), is providing 25 million US dollars to ...

October 13, 2019 1 min read

Sri Lanka banks told to design innovative loan schemes for entrepreneurs

Sri Lankan banks should help spur development, supporting fina cial literacy and designing suitable lending schemes for ...

October 9, 2019 2 min read

Sri Lanka private credit positive in August, state credit expands

Sri Lanka's private credit expanded by 22.2 billion rupees in August 2019, and credit to government had expanded 47.9 b...

October 7, 2019 2 min read

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
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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

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
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