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 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…
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…
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…
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.…
Justice K. Sripavan to become the New Chairman of Commercial Bank
The Board of Directors of Commercial Bank has resolved to appoint Justice K. Sripavan as the New Chairperson of the…
Central Bank Promotes Yvette Fernando, Dhammika Nanayakkara as Deputy Governors
The Central Bank (CB) announced that Yvette Fernando, Dhammika Nanayakkara promoted as Deputy Governors to fill the positions vacated by…