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Monday June 3rd, 2024
Banking

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

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

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

The reported earnings of 12.61 rupees for the quarter

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

Net interest income improves

Sri Lanka transfers balance CPC forex crisis bank debt to government

State-run banks gave billions of dollar loans to the CPC as forex shortages emerged from inflationary rate cuts

February 5, 2024 4 min read

Sri Lanka signs World Bank $150 deposit insurance loan

The funds will come from the low-interest International Development Association window

February 2, 2024 1 min read

Sri Lanka's Commercial Bank eyes 20bn debenture sale

The bank is offering debentures at 100 rupees each, for tenures of 5 years, 7 years and 10 years.

January 31, 2024 1 min read

Sri Lanka CB warns against using personal bank accounts for business

CB considering legal action against registered limited liability companies using personal bank accounts for tax evasion

January 23, 2024 1 min read

Sri Lanka CB seeks explanation from banks which have not cut loan rates fast

"There are a lot of banks that have reduced, but not to the extent that we hoped. We are closely monitoring the banks"

January 23, 2024 1 min read

Sri Lanka interest rate volatility, instability, big challenges: bankers

People ask 'what's the year end exchange rate or interest rate? It is something that you don't want to even guess at

Apsara Rodrigo
January 21, 2024 3 min read

Sri Lanka private credit expands in November

Since June, private credit has expanded 248 billion rupees

January 16, 2024 1 min read

Sri Lanka banks say their ISB restructure should be cushioned with SLDB model

ISB restructuring is the single largest short-to-medium term issue the industry is having

Apsara Rodrigo
January 14, 2024 4 min read

Sri Lanka banks to set up business revival units: CB Governor

Business Revival Units in licensed banks to strengthen their role in the recovery of businesses, SMEs, corporates

January 11, 2024 2 min read

Removing Sri Lanka's debt recovery laws will hurt SME loans: CB Governor

Removing parate execution powers and making it less easy to recover loans, will make it difficult for SMEs to get loans

January 10, 2024 1 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
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
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
Latest Last
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 CB to issue guidelines on state bank directors

Framework to be developed to strengthen governance of state banks, requiring their Boards to have independent members

January 10, 2024 1 min read

Sri Lanka eyes "subsidiarisation of foreign banks" in changes to banking law

The Banking (Amendment) Bill is expected to be passed in Parliament in early 2024

January 10, 2024 1 min read

Sri Lanka’s Bank of Ceylon announces debenture issue basis of allotment

Investors who have applied up to 20,000,000 Type A Debentures will be allotted 100% of debentures applied

December 28, 2023 1 min read

Sri Lanka's Bank of Ceylon debenture issue oversubscribed

Issue of 50,000,000 Basel III complaint Tier 2 listed rated unsecured subordinated redeemable debentures oversubscribed

December 27, 2023 1 min read

Sri Lanka banks say parate execution needed to protect depositors

Says banks will end up restricting credit

December 22, 2023 5 min read

Sri Lanka to revise National Savings Bank Act to make bank more competitive

Sections of Act should be revised to extend monitoring, identifying new business opportunities, developing enterprise

December 21, 2023 1 min read

Sri Lanka private credit positive in Oct, Sept CB credit revised down

In September the central bank was hit by large losses

December 18, 2023 1 min read

Sri Lanka's Bank of Ceylon to raise 5bn through debenture issue

Bank of Ceylon plans to issue BASEL III compliant debentures with non-viability write down features, to raise 5bn rupees

December 15, 2023 2 min read

Sri Lanka CB committed to ending interest controls ASAP: IMF report

The CBSL is committed to eliminating the interest rate caps as soon as possible

December 13, 2023 2 min read

Sri Lanka to strengthen deposit insurance with World Bank funds

The World Bank will provide 150 million US dollars as a loan for Sri Lanka's deposit insurance scheme

Nethmi Rajawasam
December 6, 2023 1 min read