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Friday December 9th, 2022

Sri Lanka private credit tumbles in May, state credit also falls

Govt credit also moderates amid credit line

July 3, 2022 3 min read

Sri Lanka's Bank of Ceylon downgraded to RD

We believe the foreign-currency funding and liquidity profile is highly stretched

June 27, 2022 8 min read

HSBC Group MD visits Sri Lanka to offer support

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

June 19, 2022 1 min read

Sri Lanka's People's Bank clarifies NPA treatment

Non performing loans go through a recovery process

June 1, 2022 2 min read

Mark Surgenor heads HSBC Sri Lanka and Maldives

He had joined HSBC in 2009 and has worked in Europe, Latin America and Asia

December 1, 2021 1 min read

Sri Lanka's Bank of Ceylon profits down in Sept amid provisioning

Strong loan growth driven by overdrafts

November 21, 2021 2 min read

Sri Lanka's SDF is priced at a discount to peers, faster growth expected: IPO managers

New capital will remove capital constraints

November 19, 2021 3 min read

Sarvodaya DF modernizing Sri Lanka farming with mechanization, digital tech: CEO

This is basically what we call a shared economy ecosystem

November 17, 2021 3 min read

Sri Lanka's Commercial Bank profits up 78-pct before windfall tax

NPL ratio falls amid 9.9-pct loan growth

November 15, 2021 1 min read

Sri Lanka's DFCC gets US$150mn from US development lender

One of the biggest issues faced by women entrepreneurs is limited access to finance, the US embassy said.

November 13, 2021 1 min read

Sri Lanka HNB to lead syndicated loan for LNG combined cycle plan

First stage to be operational by 2023

November 9, 2021 1 min read

Sarvodaya sees Sri Lanka’s economic progress via 'horizontal sharing' model

Sarvodaya pioneered what we call a horizontal sharing of savings based lending - Ariyaratne

November 8, 2021 5 min read

Sri Lanka finance companies, bank fined by anti-money laundering office

Administrative Penalties by the Financial Intelligence Unit for the September quarter

November 5, 2021 4 min read

Sri Lanka's PABC Bank net up 89-pct in Sept 2021

Interest income up

November 2, 2021 2 min read
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US Dollar 371.7757 371.7599
UK Pound 442.7119 438.8584
Euro 387.1945 385.3880
Aus Dollar 253.0234 251.0798
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3-m bill 31.03 31.03
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today yesterday
Overnight Money 15.50 15.50
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Source: Central Bank/Indicative

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
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