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Tuesday November 29th, 2022
Banking

Sri Lanka central bank advances more dollars to banks

Total advanced to banks through swaps have risen to US$351mn

May 9, 2022 2 min read
2

Sri Lanka seeks forex liquidity support for state banks from AIIB

Minister Ali Sabry discussed the need for FOREX liquidity support for the state banks of Sri Lanka

May 9, 2022 1 min read
2

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
2

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
2
Sri Lanka banks cut foreign borrowings, see more deposit dollarization

Under monetary instability it is not just ISBs that went up but also bank dollar borrowings

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

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
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3-m bill 31.03 31.03
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Source: Central Bank/Indicative

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

Sri Lanka extends Coronavirus debt moratorium till December 31

Capital and interest to be rolled over T-Bill + 1

September 4, 2021 4 min read

Sri Lanka bank loans grow in July, CB credit soars in reserve appropriations

CB credit grown 318 billion rupees in July in record forex reserve losses

August 30, 2021 1 min read

Sri Lanka central bank orders 5.0-pct ceiling on foreign currency deposits

Special deposit accounts can pay a premium

August 25, 2021 4 min read

Sri Lanka credit cards can be used for foreign personal purchases not business: CB

No new forex regulations on credit cards

August 21, 2021 2 min read
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