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Category: Banking and Insurance

Sri Lanka Banking Conference “Surfing Through the Crisis” Can the banking sector survive this economy, or can it help the economy survive?
Banking and Insurance

Sri Lanka Banking Conference “Surfing Through the Crisis” Can the banking sector survive this economy, or can it help the economy survive?

EY, SRI LANKA, – EY successfully concluded its inaugural Sri Lanka Banking Conference themed “Surfing Through the Crisis” on 14…

Alliance Finance Company PLC secures USD 10 Mn Netherlands’ FMO in long term financing
Banking and Insurance

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…

Class of COVID-19: Next generation of bankers fear for future
Banking and Insurance, Equity Market, Finance and Leasing, Fintech, International Business

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
Banking and Insurance, Business, Economy, Finance and Leasing, Investments

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
Banking and Insurance

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
Banking and Insurance, Investments

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
Banking and Insurance, Economy

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
Banking and Insurance, International Business

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
Banking and Insurance, Business, Equity Market

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
Banking and Insurance, Economy, Finance and Leasing

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…

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