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Monday June 3rd, 2024
Finance

Sri Lanka leads region in recruiting more women in banking but barriers remain: IFC

Women comprisie 46 percent of new recruits, according to the IFC study.

June 3, 2024 3 min read

Sri Lanka central bank gets IFC, World Bank help to focus on green finance

By including inclusive green finance with an emphasis on export-oriented SMEs

May 29, 2024 1 min read

Sri Lanka's Combank stock slides after capital call

The bank made a capital call from shareholders of 22 billion rupees

May 29, 2024 1 min read

Sri Lanka tightens governance of state banks, limits lending to SOEs

Special unit to be set up at the Finance Ministry to monitor state banks

May 29, 2024 1 min read
Sri Lanka's Commercial Bank in rights issue to raise Rs22bn

1 for 5 voting at Rs85 and 1 for 5 non-voting at Rs69.

Sri Lanka Samurdhi banks, societies to be subjected to government audit

Samurdhi Act to be amended to bring microfinance activities under National Audit Office

Sri Lanka's Ceylinco Insurance changes name

The company offers insurance, education, hydropower, healthcare and financial services.

May 27, 2024 1 min read

Sri Lanka financial literacy to combat fraud, cut indebtedness: CB Governor

Financially literate persons will make better savings and investment decisions

May 22, 2024 1 min read

Sri Lanka's Bank of Ceylon to divest subsidiary BOC Travels

BoC to divest 100 percent of its shareholding in its subsidiary B O C Travels (Private) Limited

May 21, 2024 1 min read

Sri Lanka's HNB net up 2-pct in March 2024 quarter

The reported earnings of 12.61 rupees for the quarter

May 15, 2024 1 min read

Sri Lanka's Commercial Bank net up 152-pct in March quarter

Net interest income improves

May 15, 2024 2 min read

Sri Lanka's NSB subsidiary staff to be offered VRS: Minister

Sri Lanka Savings Bank staff will be offered a voluntary retirement scheme,

May 14, 2024 1 min read

Sri Lanka Port City offshore banking regulations within two months: Minister

The banking regulations remains to be approved by parliament

May 13, 2024 2 min read

Sri Lanka Central Bank in push to tighten SIM re-issue over mobile banking scam

The central bank together with banks are tightening security on an ongoing basis

May 10, 2024 3 min read

Sri Lanka parliament passes law to delay foreclosed assets

The changes to the Recovery of Loans by Banks (Special Provisions) (Amendment) Bill seeks to delay 'parate execution'

May 7, 2024 1 min read

Sri Lanka mobile banking users warned of phone hi-jacking scam

This action grants scammers complete access to the mobile device, enabling them to control it remotely

May 7, 2024 3 min read
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Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
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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
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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's Sarvodaya DF gets 3mn loan from EU for agriculture

Loan from EDFI Management Company, which is funded through European Union, to develop agri portfolio in the country

April 29, 2024 1 min read

Sri Lanka single borrower limits cut to 25-pct of bank capital, SOEs also included

Banks will have to limit exposures to 25 percent starting from January 2026

April 23, 2024 3 min read

Sri Lanka private credit expands in February

Rupee appreciation leads to parity changes in dollar credit

April 15, 2024 1 min read

Vietnam businesswoman sentenced to death, central banker to life over bad credit

Several bank supervision, state audit and financial regulator officials also jailed

April 12, 2024 5 min read

Sri Lanka IMF, World Bank loan linked state bank reforms get cabinet nod

Reforms identified by a committee made up of IMF, World Bank and Central Bank officials

April 9, 2024 1 min read

Sri Lanka private banks unlikely to need state recapitalization

A budget for 2024 set aside 1.5-pct of GDP in allocations for possible bank recapitalization

April 4, 2024 1 min read

Sri Lanka banks asked to set up business revival units by May

Licensed banks have to set up BRUs by mid-May 2024 and fully comply with the guidelines by July 01

April 3, 2024 3 min read

Sri Lanka’s People’s Bank posts Rs19.3bn pre-tax profit

People's Bank is the second largest state bank by assets

March 29, 2024 3 min read

Sri Lanka banks to set up business revival units for troubled borrowers: central bank

BRUs will help guide and strengthen small and medium enterprises

March 26, 2024 2 min read

Sri Lanka CB urging banks to lower rates for SMEs despite parate suspension

Banks have warned that it would make them more cautions and SMEs are likely to have reduced access.

March 26, 2024 1 min read
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