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Monday June 3rd, 2024
Banking

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

Fee income helps boost Sri Lanka’s Nations Trust Bank June profits

Steep rise in fee income

August 12, 2021 2 min read

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
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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: Central Bank/Indicative
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pts %
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Source: CSE
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3-m bill 21.72 21.79
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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 PABC bank primary dealership ban extended further

Sri Lanka's central bank has extended by another six months a ban on Pan Asia Banking Corporation's (PABC) primary deale...

August 15, 2019 1 min read

Sri Lanka Commercial Bank June profits fall with higher interest costs, bad debt

Net profits at Commercial Bank Plc, Sri Lanka's largest listed lender fell 10.73 percent to 3.5 billion rupees in the Ju...

August 15, 2019 2 min read

Sri Lanka central bank to survey household creditworthiness

An islandwide survey will be conducted to measure the creditworthiness of Sri Lankan households, the central bank said.

August 15, 2019 2 min read

Sri Lanka's National Development Bank net down 29-pct

Profits at Sri Lanka's National Development Bank group fell 29 percent to 781 million rupees in the June 2019 quarter fr...

August 14, 2019 2 min read

Sri Lanka's HNB profits down 15-pct in June quarter

Profits at Sri Lanka's Hatton National Bank group, which includes a insurer fell 15 percent to 2.97 billion rupees in th...

August 13, 2019 2 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'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
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