An Echelon Media Company
Monday June 3rd, 2024
Finance

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 central bank orders 5.0-pct ceiling on foreign currency deposits

Special deposit accounts can pay a premium

August 25, 2021 4 min read

Sri Lanka credit cards can be used for foreign personal purchases not business: CB

No new forex regulations on credit cards

August 21, 2021 2 min read

Sri Lanka's Hatton National Bank net up 124-pct

Exchange gains, net interest income drive profits

August 14, 2021 1 min read
Sri Lanka bank deposits protected in any domestic debt optimization: CB Governor

A key objective of the central bank is maintaining financial sector stability

Sri Lanka banks say regulator assured sector stability in debt restructure

An overall debt restructuring plan is due to be announced later in in May

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
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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

NDBIB named best investment bank in Sri Lanka

NDBIB has been named the best investment bank in Sri Lanka by Euromoney, a financial magazine for the eight time, the fi...

July 24, 2019 1 min read

Union Bank of Colombo June net up on tax reversal, net interest income

Profits at Sri Lanka's Union Bank of Colombo (UBC) group grew 53 percent to 205 million rupees helped by a tax provision...

July 24, 2019 2 min read

Sri Lanka's HNB Assurance eyes 15-pct premium growth in 2019

Sri Lanka's HNB Assurance is expecting planning write business of 15 percent in the year to March 2019 with restrictions...

July 21, 2019 2 min read

Sri Lanka central bank says to take further measures to cut lending rates

ECONOMYNEXT – Sri Lanka’s central bank said it will take further appropriate measures to ensure lending ra...

July 18, 2019 2 min read

Sri Lank PM forecasts lending rates at 10-pct by end July

Sri Lanka's Prime Minister Ranil Wickremesinghe has said that lending rates will fall to 10 percent by end July 2019, an...

July 15, 2019 1 min read

Sri Lanka private credit negative in May, CB credit sharply down

Sri Lanka's credit to private borrowers contracted 2.5 billion rupees in May to 5,541.8 billion rupees, after a 43.4 bil...

July 14, 2019 2 min read

Bimputh Finance hit by micro-finance price controls, downgraded to 'BB-(lka): Fitch

Fitch Ratings Lanka said it had downgraded the rating of Bimputh Finance Plc, a non-micro-lender, to 'BB-(lka)' from 'BB...

July 13, 2019 4 min read

Central bank wants lending rates in Sri Lanka to fall 200bp

Sri Lanka's banks should lower the average lending rate by 200 basis points to avoid ceilings on lending rates Central B...

July 12, 2019 3 min read

Weak rupee, higher taxes to prune profits of Sri Lankan insurers

Sri Lanka’s insurance industry growth is likely to slow down and profits reduced owing to a weakened rupee and hi...

June 28, 2019 3 min read

Central bank cuts Sri Lanka 3-month deposit rate 1.7-pct under new price controls

Sri Lanka's central bank on Friday ordered a cut of 1.71 percent on 3-month deposits under its controversial price contr...

June 28, 2019 3 min read
1 63 64 65