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Friday February 23rd, 2024
Banking

DFCC Bank Sri Lanka net down 19 percent in June quarter

Bank makes makes provisions to cover uncertainties

August 12, 2021 2 min read

Sri Lanka private borrowings surge to Rs83bn in June, CB credit Rs124bn

Sri Lanka private credit in the first six months of the year was 414 billion rupees

August 9, 2021 2 min read

NDB Bank Sri Lanka net up 55-pct in June 2021 quarter

Gains in both fee and net interest income

July 29, 2021 2 min read

Sampath Bank merchants to get payments from Diners Club, Discover and Amex via Paycorp

Six payment networks integrated

July 25, 2021 1 min read
Sri Lanka's Bank of Ceylon upgraded to CC from RD

The upgrade comes from BOC's improved foreign-currency liquidity position since June 2022

Sri Lanka finance companies asked to get new ratings after ICRA closure

Finance Companies are required to have a rating

Sri Lanka DFCC Bank net up in Sept quarter

Profits of Sri Lanka's DFCC Bank group grew 76 percent to 835 million rupees in the September 2019 quarter from a year e...

November 15, 2019 1 min read

Sri Lanka’s NDB Sept quarter net profit flat at Rs1.1bn

Profits at Sri Lanka’s National Development Bank (NDB) were almost flat at 1.1 billion rupees in the September 2019 qu...

November 14, 2019 2 min read

Sri Lanka Finance and Leasing firm ratings under pressure: Fitch

The ratings of finance and leasing companies will face downward pressure amid a slowing economy and rising bad loans, Fi...

November 14, 2019 2 min read

Sri Lanka's private credit up in September 2019

Sri Lanka's private credit grew 53.7 billion rupees in September 2019, with the central bank printing 23.9 billion rupee...

November 13, 2019 2 min read

Taxes hit Sri Lanka's Sampath Bank Sept profits

Net profits at Sri Lanka's Sampath Bank for the September quarter fell 0.7 percent to 2.6 billion rupees with taxes eati...

November 8, 2019 2 min read

HSBC digital trade banking offers early payment for Sri Lanka suppliers

HSBC is offering a web-based supply chain finance platform initially targeting Sri Lanka apparel exporters that the ban...

November 7, 2019 2 min read

Sri Lanka's Pan Asia bank profits grow in Sept with lower bad loan provisions

Net profits at Sri Lanka's Pan Asia Banking Corporation (PABC) for the September quarter grew 4 percent from a year earl...

November 6, 2019 2 min read

Sri Lanka's Seylan Bank Sept net marginally up with lower income tax charge

Sri Lanka's Seylan Bank's net profits grew by a marginal 0.53 percent to 1.04 billion rupees in the September quarter wi...

November 1, 2019 2 min read

Moody's confirms B2/NP rating of Sri Lanka's Bank of Ceylon, HNB, Sampath Bank

Moody's Investors Service has confirmed the at B2/NP ratings of three Sri Lankan banks, Bank of Ceylon (BOC), Hatton Nat...

October 31, 2019 4 min read

Sri Lanka to publish national financial inclusion survey in 2019

Sri Lanka will be publishing the results of a financial inclusion survey to understand how businesses access funds, Cent...

October 28, 2019 2 min read
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Sri Lanka Peoples' Leasing and Finance net up 10-pct

Profits at Sri Lanka's Peoples' Pleasing and Finance group, the country's largest non-bank lender which also has an ins...

October 28, 2019 1 min read

Sri Lanka central bank cancels licence of The Finance Co.

Sri Lanka's central bank said it had decided to cancel the license of The Finance Company with effect from 23rd October ...

October 23, 2019 2 min read

Sri Lanka taken off FATF grey list: Central Bank

Sri Lanka has The Financial Action Task Force (FATF), a a global anti-money laundering body has taken the island off its...

October 22, 2019 1 min read

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
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