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Saturday January 29th, 2022
Finance

Sri Lanka central bank controls dollar deposit rates amid currency crisis

To be 150bp below 364-day T-bill yield

2 min read

Sri Lanka's Alliance Finance gets second tranche of Dutch dollar credit

The funds will be on-lent to micro, small and medium enterprises

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

2 min read

Sri Lanka budget new taxes to hurt insurer profits, premiums to go up: Fitch

Budget proposed turnover taxes and super gains taxes

2 min read

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

Administrative Penalties by the Financial Intelligence Unit for the September quarter

4 min read

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

Interest income up

2 min read

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

Net interest income fall amid debt moratorium

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

2 min read

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

Net interest income sharply up

2 min read

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

Interest costs fall

2 min read

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

Court blocked payment over contaminated fertilizer

2 min read

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

Taking capital to rural areas

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

1 min read

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

Covid treatment of CRIB

3 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 202.0000 202.0000
UK Pound 271.5789 271.5789
Euro 224.2978 226.8561
Aus Dollar 141.6485 143.0261
Yen 1.7429 1.7640
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6749 2.6890
Korea Won 0.1670 0.1680
Oman Rial 522.5672 524.6685
Saudi Riyal 53.6238 53.8480
UAE Dirham 54.7749 54.9952
Source: Central Bank/Indicative
pts %
S&P SL20 4,400.91 -1.73%
CSE All Share 12,885.70 -1.38%
Turnover Rs million. 2,191,558,044.10 7,595,436,655
Source: CSE
Latest Last
3-m bill 8.18 7.91
6-m bill 8.36 8.18
12-m bill 8.51 8.37
5-yr bond 11.26 10.93
8-yr bond 11.81 10.93
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

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

Various bills can be paid using the app

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.

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

5 min read

Sri Lanka CB to set up mobile app for remittances

SL-Remit to make it cheaper

1 min read

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

Vehicle 'bubble' to be curbed

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.

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

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

2 min read

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

Finance companys face asset quality risks as bad loans rise

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

4 min read