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Thursday September 29th, 2022
Banking

Sri Lanka allows multilateral agencies to buy 20-pct of a bank

Sri Lanka's central bank said it will allow multilateral agencies such as the International Finance Corporation, the Asi...

September 8, 2020 1 min read

Anura Kumara wants Central Bank actions between 2008 and 2015 probed

Leader of the National Peoples’ Power alliance (NPP) Anura Kumara Dissanayake is asking the government to provide a se...

September 8, 2020 1 min read

Sri Lanka private credit negative in July, credit to government surges

Sri Lanka's private credit was negative for the third straight month in July 2020, contracting 3.6 billion rupees, while...

September 3, 2020 2 min read

Sri Lanka central bank extends debt moratorium for tourism till March 2021

Sri Lanka's banks have been directed by the central bank to extend a Covid-19 debt moratorium for six months from Octobe...

August 29, 2020 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

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...

Cargills supermarket chain to accept payment for SriLankan online bookings

Cargills Food City supermarkets and Cargills Bank branches will accept payment for Sri Lankan airlines tickets booked on...

February 20, 2019 1 min read

Sri Lanka's NSB local rating downgraded after re-calibration

Fitch Ratings has downgraded state-run National Savings Bank to 'AA+(lka)' from 'AAA(lka)' following a downgrade of the ...

February 18, 2019 3 min read

Sri Lanka on new EU list of high risk countries

Sri Lanka has been placed on a new European Union list of high risk countries where bank have to exercise extra due dili...

February 17, 2019 1 min read

Sri Lanka regulator halts deposit taking, lending by The Finance Co

Sri Lanka's Central Bank said The Finance Company, a troubled non-banker lender which got into difficulties in 2008, wil...

February 15, 2019 4 min read

Sri Lanka's Sampath Bank profits down amid loan losses

Sri Lanka's Sampath Bank said its net profits for the December 2018 quarter fell 31.8 percent to 2.7 billion rupees from...

February 15, 2019 2 min read

Bigger lenders also behaving like 'loan sharks' in Sri Lanka: Finance Minister

Sri Lanka is bringing laws to regulate micro-finance which are behaving like loan sharks giving loans to people who cann...

February 15, 2019 3 min read

Fitch cuts outlook of Sri Lanka's NDB on risk appetite, falling capital

ECONOMYNEXT - Fitch Ratings said it was cutting the outlook on Sri Lanka's 'A (lka)' rated National Development Bank to ...

February 13, 2019 5 min read

Ronald Perera re-appointed as Bank of Ceylon Chairman

Sri Lanka's state-run Bank of Ceylon said Ronald C Perera was re-appointed as Chairman.

February 13, 2019 1 min read

Sri Lanka banks to seek more foreign funding, but pay more: S&P

Sri Lanka's banks are expected to borrow more from foreign markets, which could lower profitability due to bigger hits f...

February 12, 2019 3 min read

Sri Lanka's NDB net up 74.4-pct in December

Sri Lanka's National Development Bank Plc (NDB) net profits in the December quarter grew 74.4 percent to 1.7 billion rup...

February 12, 2019 2 min read
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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

ETI asset sale: Sri Lanka CB says did not select buyer, only asked extra US$15mn

Sri Lanka's Central Bank said it did not select a buyer for the assets of troubled ETI Finance Ltd, but only made the se...

February 11, 2019 2 min read

Sri Lanka ATM users asked to use microchip cards amid fraud

Users of automatic teller machines have been asked by the central bank to only use cards with embedded microchips to avo...

February 7, 2019 3 min read

Credit risks high in Sri Lankan banks: S&P

ECONOMYNEXT- Sri Lankan banks have high credit risks due to slow economic growth, high credit growth and lax lending sta...

February 1, 2019 1 min read

Sri Lanka’s Fintrex Finance to focus on lending to entrepreneurs

Sri Lanka’s Fintrex Finance, owned by Bluestone Capital, a private equity and venture capital company, is priorit...

January 30, 2019 2 min read

Sri Lanka Sampath Bank says fraud happened 'few months back'

ECONOMYNEXT – Sri Lanka’s Sampath Bank has confirmed a media report about a fraud at the bank, saying it o...

January 29, 2019 1 min read

Sri Lanka’s NDB Investment Bank sees big transactions in Bangladesh, Maldives

ECONOMYNEXT – Sri Lanka’s NDB Investment Bank (NDBIB) said it handled 60 billion rupees in capital raising...

January 29, 2019 2 min read

Demand for small cars, homes to rise as Sri Lanka govt widens soft loan scheme

ECONOMYNEXT – Sri Lanka’s government has decided to widen its Enterprise Sri Lanka concessionary loan sche...

January 28, 2019 3 min read

Fitch downgrades Sri Lanka's HDFC Bank

Sri Lanka's HDFC, a majority state-run has been downgraded by Fitch, a credit rating agency to BB+ (lka) with a stable ...

January 24, 2019 4 min read

Sri Lanka banks overcharging poor farmers for credit checks

ECONOMYNEXT- Some Sri Lankan banks have been found overcharging rural farmers for Credit Information Bureau (CRIB) check...

January 11, 2019 1 min read

Sri Lanka's Bank of Ceylon launches US$200mn term loan: report

Sri Lanka's state-run Bank of Ceylon has launched a syndicated loan of up to 200 million dollars appointing a Middle Eas...

January 11, 2019 1 min read
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