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Saturday July 20th, 2024
Banking

Sri Lanka stocks fall to over 1-wk low on forced sales; LOFC boosts turnover

The key stock index has fallen 6.8 percent so far in February on forex, economic concerns

February 18, 2022 2 min read

Sri Lanka's LOLC gets nod to buy Kenya micro-financier: report

Exempted from shareholder limits for 4 years

February 9, 2022 2 min read

Sri Lanka finance companies raise Rs12.5bn in new capital

Another 12 companies are in the process of consolidation

January 31, 2022 2 min read

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 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

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
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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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pts %
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Turnover Rs million 1,591,766,524.95 1,029,335,694.32
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3-m bill 21.72 21.79
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Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
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I-m SLIBOR - -
Source: Central Bank/Indicative

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

Sri Lanka Inland Revenue says no debt repayment tax on banks from Jan

Sri Lana's Department of Inland Revenue has issued a notice saying a debt repayment levy, a new direct tax slapped on ba...

January 21, 2020 2 min read

Sri Lanka SME debt relief credit negative for banks: Moody's

A debt moratorium for Sri Lanka's small and medium enterprises is credit negative for banks and the sovereign, and may n...

January 20, 2020 2 min read

Sri Lanka central bank issues SME moratorium rules

Sri Lanka's central bank in a circular called on banks to provide a debt moratorium for small and medium scale enterpris...

January 14, 2020 2 min read

Singapore liberalizes, setting stage for digital banking battle

Singapore is opening up its banking industry to digital lenders in a reform that could shake up the sector across Southe...

January 12, 2020 3 min read

Interest write-offs, central bank guaranteed loans for Sri Lanka troubled SMEs

Sri Lanka's distressed small and medium enterprises with get interest write-offs and new working capital guaranteed by t...

January 9, 2020 2 min read

Sri Lanka central bank to develop a cost-based rate to price loans

Sri Lanka's central bank said it was developing a cost based benchmark interest rate to price loans, hoping unusually th...

January 8, 2020 2 min read

Regulations delay Sri Lanka fintech innovations at Dialog Finance

Sri Lanka's Dialog Finance Plc said that it could not invest the money raised in two rights issues in the planned fintec...

January 8, 2020 2 min read

Sri Lanka to scrap specialized banking license

Sri Lanka will scrap the specialized banking license in 2021 under a new law, converting all banks to a commercial licen...

January 6, 2020 1 min read
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Sri Lanka banks not taking enough risks; should finance startups: CB Governor

Sri Lanka's new Central Bank Governor W D Lakshman said banks should drop a 'risk averse' mindset and finance startups a...

January 6, 2020 2 min read
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