An Echelon Media Company
Saturday December 2nd, 2023

Sri Lanka banks covered larger part of SLDB exposure: CB Governor


August 25, 2023 2 min read

Sri Lanka central bank may tighten price controls further if rates don't fall faster

In the first set of controls, ceilings would be imposed on selected credit products

August 24, 2023 2 min read

Bangladesh expects Sri Lanka to repay US$200mn swap by September: report

Bangladesh expects the next installment within two weeks, the newspaper said.

August 22, 2023 2 min read

Sri Lanka's Commercial Bank profits trimmed by rupee gains in June quarter

Rupee asset values down amid currency gain

August 13, 2023 1 min read
Sri Lanka senior citizens get tax refund on interest income

Sri Lanka is to refund advance income tax (AIT) deducted on interest income of senior citizens, IRD announced.

Sri Lanka CB collects penalties from 4 finance firms for non-compliance


Sri Lanka parliament to debate draft central bank law on May 11

Welfare Benefit Payment Scheme under the Welfare Benefit Act will be taken up on May 12

May 4, 2023 1 min read

Sri Lanka cabinet clears banking special provisions bill

Expected to increase crisis management powers

May 4, 2023 1 min read

Sri Lanka Seylan bank Net up 5.8-pct in March quarter

Trading gains fell 101.13 percent to 40 million rupees from the same quarter last year.

May 2, 2023 1 min read

Sri Lanka to borrow $150mn from World Bank for financial safety net

Money to be used to bolster deposit insurance scheme

April 25, 2023 2 min read

Sri Lanka private credit negative for the ninth month in April


April 10, 2023 2 min read

Sri Lanka SMEs in trouble over 7-pct output gap targeting loans

Output gap targeting is to be legalized in a controversial new monetary law

April 2, 2023 4 min read

Sri Lanka launches lower cost national credit card to draw SMEs

The three credit and two debit cards will work on Sri Lanka's Lanka Pay Network and also on JCB's international network

March 31, 2023 2 min read

Sri Lanka’s Standard Chartered Bank ‘AAA(lka)’ rating confirmed: Fitch

This expectation is driven by SCBSL's status as a branch of SCB

March 30, 2023 3 min read

Fitch confirms Citibank Sri Lanka unit at ‘AAA(lka)’

Fitch Ratings said it has confirmed Citibank N.A. Colombo Branch’s (CitiSL) National Long-Term Rating at ‘AAA(lka)â€...

March 30, 2023 3 min read

Sri Lanka banks may need Rs1.4trn in capital, govt to inject cash

Nine banks accounting for 90-pct of assets under the microscope

March 21, 2023 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 private de-leveraging hit new record in Jan 2023, driving BOP surplus

Private credit fall comes amid falling inflation and de-leveraging

March 13, 2023 2 min read

US banks shut amid Sri Lanka style mark-to-market losses after Powell inflationism

Silvergate Bank had exposure to crypto assets that bubbled during Fed money printing

March 11, 2023 3 min read

Sri Lanka to set up financial sector crisis committee

Changes are also planned to a Banking (Special Provisions) Act

March 8, 2023 1 min read

Sri Lanka begins asset quality review of five banks

Consultants have started work and they are working on five banks

March 7, 2023 2 min read

Sri Lanka requests banks to re-structure loans of SMEs, wage earners, pensioners

After assessing the repayment capacity, to restructure the loans

March 6, 2023 1 min read

Sri Lanka’s Bank of Ceylon profits up 25.3-pct in Dec-2022

Provisioning for bad loans and advances grew 20.6 percent to 5.3 billion rupees

March 2, 2023 3 min read

Sri Lanka's Commercial Bank makes provisions, net up on tax treatment

Helped mainly by tax reversal despite provisions for bad loans amid a currency crisis.

February 27, 2023 2 min read

Sri Lanka banks get US$400mn trade finance swap from IFC

To help finance imports of food, medicine and fertilizer

February 27, 2023 2 min read

Sri Lanka Seylan bank Net up 47-pct in Dec quarter

Accumulated impairments rose to 33.5 billion rupees from 19.2 billion rupees.

February 26, 2023 2 min read

Sri Lanka's NTB Bank net up 15-pct in Dec quarter

Net interest income up

February 25, 2023 1 min read
1 3 4 5 6 7 52