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Monday June 3rd, 2024
Finance

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'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 central bank removes price control on loans

Lending rates urged to fall further

March 26, 2024 1 min read

ADB approves US$100mn Sri Lanka SME loan

Women led SMEs to get support

March 18, 2024 2 min read

Sri Lanka’s International Financial City awaiting banking regulations

Banks operating within the Port City will be licensed by either the central bank or the country it is incorporated in.

Nethmi Rajawasam
March 14, 2024 3 min read

Lanka Pay to recognize Sri Lanka's financial innovators

Lanka Pay's Technovation awards will recognize banking and non-banking firms that had come up with innovative solutions.

Apsara Rodrigo
March 14, 2024 1 min read

Kavan Ratnayaka appointed chairman of Sri Lanka's Bank of Ceylon

He has previously functioned as chairman of the National Development Bank PLC

March 13, 2024 1 min read
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Sri Lanka's cabinet approves debt recovery suspension amendments

Cabinet approved changes to island's debt recovery laws to suspend sale of collateral by bank board resolution (parate)

March 12, 2024 1 min read

Sri Lanka parate suspension increases risk premium, endangers deposits, banks say

.

March 11, 2024 6 min read

Sri Lanka SMEs enabled to mortgage movable assets with registry

Secured transaction registry set up with technical assistance from International Finance Corporation, will help SMEs

March 11, 2024 2 min read

NDB starts savings scheme for HNI children

Supports early entry to digital banking

March 10, 2024 1 min read

Sri Lanka Nawaloka Hospital gets court order to stop asset sale

Court of Appeal issues interim order preventing Hatton National Bank PLC from auctioning the property

March 1, 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
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Source: CSE
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Source: Central Bank/Indicative
today yesterday
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Source: Central Bank/Indicative

Sri Lanka planning bad-debt authority for parate execution nod: Justice Minister

We believe that there should be an intermediate regulatory authority

February 28, 2024 3 min read

Jayamin Pelpola appointed to Sri Lanka's BOC board

Jayamin Pelpola, a fintech entrepreneur and investor, appointed to board of Bank of Ceylon as non-executive director

February 27, 2024 1 min read

Sri Lanka to give Rs20bn in SME loans with ADB support

20 billion rupee loans scheme for small and medium enterprises hit by an economic crisis

February 27, 2024 1 min read

Sri Lanka to halt auction of bank loan collateral till Dec 15

A sufficient grace period to pay off relevant debts without being a burden to the banking system should be allowed

February 27, 2024 1 min read

Sri Lanka's Commercial Bank Dec net down on tax provisions

Pre-tax profits were Rs8.89bn Rs2.4bn but after tax profits were down amid a reversal

February 24, 2024 1 min read

Sri Lanka to halt parate execution of defaulted SME bank loans: Minister

Cabinet paper next week

February 21, 2024 2 min read

Sri Lanka to gradually relax foreign exchange controls

The government will "implement steps under a phased plan of releasing foreign exchange limitations

February 6, 2024 1 min read

Sri Lanka private credit surge Rs97bn in Dec 2023

From June 2023, outstanding private credit went up by 345.7 billion rupees

February 5, 2024 2 min read

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