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Monday June 3rd, 2024
Banking

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

September 16, 2021 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

September 16, 2021 2 min read

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

Finance companys face asset quality risks as bad loans rise

September 13, 2021 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

September 12, 2021 4 min read
Sri Lanka parliament to debate draft central bank law on May 11

Welfare Benefit Payment Scheme under the Welfare Benefit Act will be taken up on May 12

Sri Lanka cabinet clears banking special provisions bill

Expected to increase crisis management powers

Sri Lanka banks told to design innovative loan schemes for entrepreneurs

Sri Lankan banks should help spur development, supporting fina cial literacy and designing suitable lending schemes for ...

October 9, 2019 2 min read

Sri Lanka private credit positive in August, state credit expands

Sri Lanka's private credit expanded by 22.2 billion rupees in August 2019, and credit to government had expanded 47.9 b...

October 7, 2019 2 min read

Citibank Sri Lanka 'AAA(lka)' rating confirmed with zero bad loans

Fitch Ratings has confirmed an 'AAA(lka)' given to Sri Lanka's Citibank branch, which has zero bad loans from 2009.

October 4, 2019 3 min read

Standard Chartered Bank, Sri Lanka unit, rating confirmed at 'AAA(lka)'

Fitch Ratings has confirmed an 'AAA(lka)' rating with a stable outlook given to the Sri Lanka branch of Standard Charter...

October 4, 2019 3 min read

Sri Lanka's Serendib Finance to get capital from parent, 'A+(lka)' rating confirmed

Fitch Ratings has confirmed an 'A+(lka)' rating of Serendib Finance Limited, a finance company controlled by 'AA(lka) ra...

October 1, 2019 2 min read

Sri Lanka loan rate ceilings credit positive, Moody's mistaken: Central Bank

Sri Lanka's central bank disputed an analysis by Moody's Investor Service, a rating agency which said price controls sla...

October 1, 2019 2 min read

Sri Lanka loan price controls to hurt banks: Moody's

Sri Lanka's price controls on lending rates, which comes in the wake of a currency collapse and a spike in bad loans, wi...

September 28, 2019 4 min read

Sri Lanka lifts price controls on bank deposits

Sri Lanka has lifted price controls on depositors to expropriate small depositors, in the wake of a currency collapse in...

September 26, 2019 1 min read

Sri Lanka orders 200bp cut in lending rates in new price controls

Sri Lanka's central bank has slapped price controls on commercial banks loans, as credit contracted and bad loans soared...

September 24, 2019 4 min read

Sri Lanka banks reject hydro project loan after endemic fish re-discovery

Sri Lankan banks supporting biodiversity conservation efforts refused to lend money for a mini-hydro power plant after t...

September 24, 2019 2 min read
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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
1

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