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: 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…
Sri Lanka end 2020 with $5.7 billion in FX Reserves
The Central Bank (CB) estimated the country’s foreign reserves st $5.7 at the end of 2020, with an import cover…
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…
CB expects foreign inflows from its domestic and foreign counterparts
The Central Bank (CB) says it’s in negotiations with its domestic and foreign counterparts to boost the level of foreign…
Financial Regulators to face dilemma once the withdrawal from Covid-19 measures begins
The Financial Regulators across the World will face a dilemma once the withdrawal from Covid-19 measures begins as to how…
Binance adds Sri Lankan Rupee to its P2P trading list
Binance, one of the largest cryptocurrency exchanges in the World has added Sri Lanka Rupee to its peer-to-peer trading list.…
SriLanka’s foreign Reserves falls to record low levels
Sri Lanka’s gross foreign reserves fell to $5.54 billion, the lowest levels seen since April 2017. Amidst, COVID-19 infused crisis,…
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’s gross financing requirements top $20 billion next year – EMFI Securities
Sri Lanka’s gross financing needs are projected to top $20 billion next year, a 22.3 percent increase compared to this…