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Monday June 3rd, 2024
Finance

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's DFCC Bank net profit up in March 2023 quarter

Sri Lanka’s DFCC Bank has reported profits of 2.1 billion rupees for the March 2023 quarter

Sri Lanka’s trade deficit to widen with relaxation of import bans - CB official 

The Central Bank expects the widening of the trade deficit will start once they relax the compressed import ban.

Sri Lanka plans complex price controls on bank loans

Sri Lanka's central bank is planning to impose complex price controls on individual banks, as lending rates are not fall...

August 26, 2019 2 min read

Sri Lanka promises price controls if bank lending rates do not fall

Sri Lanka will slap price controls on lending if rates do not fall quickly, Central Bank Governor Indrajit Coomaraswamy ...

August 23, 2019 1 min read

India's Mahindra Finance acquires Sri Lanka's Ideal Finance for Rs.2bn

India's Mahindra Finance has invested 2 billion rupees in equity in Sri Lanka's capital short Ideal Finance Limited to a...

August 20, 2019 3 min read

Sri Lanka's Janashakthi Insurance net down in June on higher claims

Sri Lanka's Janashakthi Insurance Plc, posted a net profit of 127.2 million rupees for the June quarter, down 5 percent ...

August 19, 2019 1 min read

Bad debt, interest costs bite into Sri Lanka' Nations Trust Bank June profits

Net profits at Sri Lanka's Nations Trust Bank for the June quarter fell 32 percent to 641.2 million rupees from a year e...

August 16, 2019 2 min read

Sri Lanka PABC bank primary dealership ban extended further

Sri Lanka's central bank has extended by another six months a ban on Pan Asia Banking Corporation's (PABC) primary deale...

August 15, 2019 1 min read

Sri Lanka Commercial Bank June profits fall with higher interest costs, bad debt

Net profits at Commercial Bank Plc, Sri Lanka's largest listed lender fell 10.73 percent to 3.5 billion rupees in the Ju...

August 15, 2019 2 min read

Sri Lanka central bank to survey household creditworthiness

An islandwide survey will be conducted to measure the creditworthiness of Sri Lankan households, the central bank said.

August 15, 2019 2 min read

Sri Lanka's National Development Bank net down 29-pct

Profits at Sri Lanka's National Development Bank group fell 29 percent to 781 million rupees in the June 2019 quarter fr...

August 14, 2019 2 min read

Sri Lanka's HNB profits down 15-pct in June quarter

Profits at Sri Lanka's Hatton National Bank group, which includes a insurer fell 15 percent to 2.97 billion rupees in th...

August 13, 2019 2 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
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Source: Central Bank/Indicative
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pts %
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Source: CSE
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3-m bill 21.72 21.79
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8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
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Source: Central Bank/Indicative

Sri Lanka's Ceylinco June net up with lower life insurance transfers

Ceylinco Insurance Plc said that its profits grew 215 percent to 1.8 billion rupees in the June quarter from a year earl...

August 13, 2019 1 min read

Sri Lanka's private and state credit surge in June

Credit to Sri Lanka's private borrowers had surged in June, after contracting the for two months in a row, official data...

August 13, 2019 2 min read

Sri Lanka's Pan Asia Bank profits down 5-pct in June

Profits at Sri Lanka's Pan Asia Bank fell 5 percent to 481 million rupees in the June 2019 quarter from a year earlier, ...

August 11, 2019 2 min read

Sri Lanka health insurance costly, but potential to grow: report

ECONOMYNEXT – The high cost of health insurance business is a challenge for all insurance companies in Sri Lanka,...

August 9, 2019 2 min read

Sri Lanka's Sampath Bank net down 39-pct as bad loans bite

Profits at Sri Lanka's Sampath Bank Plc fell 39 percent to 2.06 billion rupees in the June 2019 quarter from a year earl...

August 9, 2019 2 min read

Ideal Finance deposit taking restricted by Sri Lanka regulator

The central bank has limited deposit taking at Ideal Finance after the firm failed to meet a 1.5 billion rupee capital r...

August 7, 2019 4 min read

Sri Lanka's HDFC gets Rs250m capital injection from tax-payers

Sri Lanka's HDFC Bank, a publicly traded mortgage lender with the state as main shareholder said it has received a 250 m...

August 4, 2019 1 min read

Sri Lanka's People's Leasing profit down 38-pct on bad loans

Profits at Sri Lanka's Peoples Leasing and Finance Plc fell 38 percent to 713 million rupees in the June 2019 quarter fr...

August 1, 2019 1 min read

Sri Lanka DFCC Bank profits down 20-pct in June quarter

Profits at Sri Lanka's DFCC Bank group fell 20 percent to 271 million rupees in the June 2019 quarter from a year earlie...

July 31, 2019 1 min read

Sri Lanka's Seylan Bank profits down 11-pct in June quarter

Profits at Sri Lanka's Seylan Bank Plc group fell 11.3 percent from a year earlier to 547 million rupees in the June 201...

July 31, 2019 1 min read