An Echelon Media Company
Thursday September 29th, 2022
Banking

Sri Lanka tightens bank dividends, profit repatriation to preserve capital

Banks were also asked not to buy back shares, to use "extreme due diligence and prudence" in capex

May 8, 2022 1 min read

Sri Lanka's Bank of Ceylon 'CCC' rating place on watch for possible downgrade

Constrained access to foreign currency funding and indications of stress experienced by banks in the system as result

April 13, 2022 8 min read

Sri Lanka state private banks on watch for downgrade: Fitch

On heightened forex risks

April 13, 2022 4 min read

Sri Lanka CEB struggles to pay for coal, salaries amid tariff hike delay: report

State banks heavily exposed to energy utilities

March 29, 2022 2 min read
HSBC Group MD visits Sri Lanka to offer support

Rosha had met with key clients of the bank and discussed their challenges

Sri Lanka's People's Bank clarifies NPA treatment

Non performing loans go through a recovery process

Sri Lanka's UBC net down 24-pct in Sept 2021

Net interest income fall amid debt moratorium

November 1, 2021 2 min read

Sri Lanka's UBC net down 24-pct in Sept 2021

Profits at Sri Lanka’s Union Bank of Colombo (UBC) group fell 24 percent to 182 million rupees from a year earlier

October 31, 2021 2 min read

Sri Lankas's DFCC profits up three-fold in Sept21 quarter

Net interest income sharply up

October 31, 2021 2 min read

Sri Lanka's Seylan Bank net up 86-pct in Sept 2021

Interest costs fall

October 30, 2021 2 min read

Sri Lanka state bank says acting on court order after China embassy 'blacklisting'

Court blocked payment over contaminated fertilizer

October 29, 2021 2 min read

Sri Lanka’s Sarvodaya DF looks for international marketing after IPO

Taking capital to rural areas

October 29, 2021 4 min read

Sri Lanka CB drives QR code use in digital payment push

In the current COVID-19 global pandemic, it is now more important than ever to reduce the usage of cash

October 27, 2021 1 min read

Sri Lanka CB chief to discuss with CRIB, banks on covid-hit bad loans

Covid treatment of CRIB

October 19, 2021 3 min read

Sri Lanka's Commercial Bank says its QR code app draws 100,000 users

Various bills can be paid using the app

October 18, 2021 2 min read

Sri Lanka's NTB 'A(lka)' rating confirmed by Fitch amid slowing credit

NTB had a higher concentration on leasing and credit cards and weak asset quality than peers.

October 11, 2021 6 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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

Sri Lanka's SDB 'BB+(lka)' rating confirmed by Fitch amid strong credit growth

"We do not expect near-term pressure on SDB's liquidity as it has not fully utilized the proceeds from its capital

October 10, 2021 5 min read

Sri Lanka CB to set up mobile app for remittances

SL-Remit to make it cheaper

October 8, 2021 1 min read

Sri Lanka banks asked not to auction loan security till March, interest relief

Vehicle 'bubble' to be curbed

October 1, 2021 1 min read

Sri Lanka Central Bank issues circular on Stage III Covid linked bad loans

Banks with the approval of the Board of Directors were asked to set guidelines for loan impairment.

October 1, 2021 1 min read

Sri Lanka lifts price control on T-bills in key stability move

The controls had been in place from April 2020 and had had driven liquidity injections and reserve losses

September 16, 2021 3 min read

Sri Lanka finance companies hit by import controls: Fitch

The higher prices have supported loan recoveries from repossession in the near term but may expose firms to price falls

September 16, 2021 2 min read

Sri Lanka's LB Finance 'A-(lka)' rating confirmed

Finance companys face asset quality risks as bad loans rise

September 13, 2021 5 min read

Sri Lanka's Senkadagala Finance 'BBB+(lka)' rating confirmed, outlook stable

The firm had made provisions and reported lower than industry NPLs

September 12, 2021 4 min read

Sri Lanka central bank recognizes Lanka Rating Agency

Capital requirements are calculated on ratings

September 10, 2021 1 min read

Sri Lanka slaps 100-pct LC margin to discourage consumer imports amid money printing

Chocolates, spaghetti, apple juice, wine, oats, soya milk, dairy goods, lipsticks, carpets, coats anoraks

September 9, 2021 2 min read
1 3 4 5 6 7 48