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…
Category: Business
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…
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…
Sri Lanka’s Banks are unlikly to return to Pre-covid proftiability levels in 2021
Sri Lanka’s Banks are unlikly to return to Pre-covid proftiability levels next year, Fitch Ratings said in a special report.…
Sri Lanka’s banks became more flexible in lending in 3Q
Sri Lanka’s banking sector was more open to lending for borrowers in retail, corporate, and SME categories in the third…
Sri Lanka to introduce new laws to protect investments
Sri Lanka’s President Gotabaya Rajapaksa vowed to bring in new laws to protect both local and foreign investors as the…
Sri Lanka’s banks to show reluctance to absorb their subsidiary Finance Firms – Fitch Ratings
Sri Lanka’s banks would be reluctant to absorb their finance and leasing companies (FLC) due to the significant difference between their…
First Capital Research predicts a 50% chance for a policy rate cut
First Capital Research predicted a 50% chance for a policy rate cut by the Central Bank (CB) at its upcoming…
Central Bank defers repayment plans submitted by two illegal Finance Companies to depositors’ liabilities
The Monetary Board of the Central Bank (CB) has thrown out the time-bound repayment plans submitted by two illegal Finance…
The government to offer tax concessions for investments in REITs
The government plans to exempt investments in the housing market through Sri Lanka Real Estate Investment Trusts (SLREIT) to be…