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Monday June 3rd, 2024
Banking

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 Seylan bank Net up 5.8-pct in March quarter

Trading gains fell 101.13 percent to 40 million rupees from the same quarter last year.

Sri Lanka to borrow $150mn from World Bank for financial safety net

Money to be used to bolster deposit insurance scheme

Sri Lanka's Sinhaputhra Finance given time to raise capital

Sinhaputhra Finance Plc, non-bank lender in Sri Lanka has been given time to raise capital, the central bank said.

September 19, 2019 1 min read

Sri Lanka TKS Finance licence cancelled, liquidation to recover deposits

Sri Lanka's central bank has cancelled the licence of TKS Finance Limited with insured depositors to be compensated up t...

September 19, 2019 2 min read

Sri Lanka to call for expressions of interest to revive The Finance Company

Sri Lanka’s central bank has decided to call for expressions of interest to find potential investors to revive the fai...

September 17, 2019 2 min read

Sri Lanka's NDB Bank eyes private placement to boost capital

Sri Lanka's NDB Bank Plc is planning a private placement of shares among foreign and domestic investors to raise capital...

September 17, 2019 3 min read

Sri Lanka banks vulnerable to property market downturn: Fitch

Sri Lankan banks are vulnerable to a property market downturn given increased lending to the sector and a weak ability t...

September 17, 2019 2 min read

Hatton National Bank 'AA(lka)' Sri Lanka rating confirmed by Fitch

Fitch Ratings has confirmed the 'AA(lka)' rating of Sri Lanka's Hatton National Bank saying it had adequate capital but...

September 11, 2019 3 min read

Commercial Bank of Ceylon 'AA(lka)' Sri Lanka rating confirmed by Fitch

Commercial Bank of Ceylon's 'AA(lka)' rating has been confirmed with a stable outlook, Fitch Rating said, though tough o...

September 11, 2019 3 min read

Seylan Bank's 'A-(lka)' Sri Lanka rating confirmed ahead of capital raising

Sri Lanka's Seylan Bank Plc, rating of 'A-(lka)' has been confirmed by Fitch with a stable outlook ahead of a capital ra...

September 11, 2019 3 min read

Sri Lanka private credit negative in July, government borrowings up

Sri Lanka's bank credit to private sector was a negative 3.3 billion rupees in July 2019, sharply down from a 63 billion...

September 8, 2019 3 min read
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Sri Lanka blames high interest rates on 'structural issues'

Sri Lanka has blamed 'structural issues' for high interest rates in the country, as large volumes of money was printed t...

September 8, 2019 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
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3-m bill 21.72 21.79
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12-m bill 17.72 19.28
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8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
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Source: Central Bank/Indicative

Sri Lanka IFAD-backed program to give low interest loans to farmers

Sri Lanka's Sanasa Development Bank Plc., has joined a program backed by a UN agency that seeks to transform subsistence...

Chanka Jayasinghe
September 7, 2019 2 min read

Sri Lanka's NSB, Bank of Ceylon, People's ratings confirmed by Fitch; outlooks stable

Fitch Ratings said it is confirming ratings of state-run National Savings Bank, Bank of Ceylon and People's Bank with st...

September 3, 2019 5 min read

Sri Lanka's Union Bank in talks with investors for funding UB Finance

Sri Lanka's Union Bank of Colombo Plc, said that it is in talks with potential investors for 'strategic options' for its...

September 3, 2019 2 min read

Sinhaputhra Finance in talks with investors after Sri Lanka regulatory warning

The European Union has called for minority protection, addressing hate speech and an end to the death penalty as a deleg...

September 2, 2019 1 min read
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Sri Lanka bank profitability under pressure: Moody’s

Sri Lankan banks’ profitability is under pressure with an uptick in bad loans, Moody’s rating agency said in a new r...

August 30, 2019 2 min read

ADB's We-Fi grant empowering women in Sri Lanka

Over 3,000 persons have benefited from the second phase of the Asian Development Bank's (ADB) small and medium-sized ent...

August 28, 2019 3 min read

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

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