Alliance Finance Company PLC secures USD 10 Mn Netherlands’ FMO in long term financing
Sri Lanka’s oldest finance company, Alliance Finance Company PLC (AFC), has received the second tranche of USD 5 Mn from…
Category: Banking and Insurance
Class of COVID-19: Next generation of bankers fear for future
(Reuters) : It wasn’t the introduction to high finance that Adi Patel had once anticipated. The stage fright of walking…
Banking Sector Lending Rates Hints a Comeback While Deposit Rates Continues to Fall
Sri Lanka’s banking sector’s Average Weighted Prime Lending Rate (AWPR) reached a new monthly high of 5.86 percent at-end April…
Basel Committee proposes amendments to rules on haircut floors for securities financing transactions
The Basel Committee on Banking Supervision has published for consultation two technical amendments to the standard on minimum haircut floors for…
BIS launches second green bond fund for central banks
The Bank for International Settlements (BIS) has launched a euro-denominated, open-ended fund for green bond investments by central banks and…
Fintech can drive a strong post-COVID-19 recovery in Asia
By Bambang Susantono The pandemic has highlighted the power of digital technology. Now is the time to harness this power for…
HSBC to axe 82 UK branches, cut services in others
(Reuters) – HSBC plans to axe 82 branches in Britain this year after a drop in footfall across its retail…
Financial, industrial stocks raise Sri Lankan shares about 1% higher
(Reuters) – Sri Lankan shares ended nearly 1% higher on Wednesday, boosted by financial and industrial stocks. The benchmark stock…
Sri Lanka’s Worsening Credit Quality in the Household Sector Raises Concerns
Sri Lanka’s household sector credit quality continued to decline during the first half of last year signaling a plausible build-up…
Licensed Banks to come under requirements to implement Recovery plans
Sri Lanka’s Licensed Banks come under requirements to implement Recovery plans in order to strengthen crisis preparedness and to enhance…