All posts tagged "CBSL"
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927Asia-PacificSri Lanka to Triple Refinance Facility Limit for Banks
The tripling of the limit was proposed to the Cabinet following complaints from various parties that they had not received relief from their banks.
June 8, 2020 -
4.8KAsia-Pacific
Foreign Investors Flee Sri Lankan Bank Stocks Amid Dividend Ban
Exacerbated by a seven-week stock market shut down, foreign investors sold large quantities of Sri Lankan bank stocks following a ban on bank dividends this month.
May 26, 2020 -
1.2KAsia-PacificSri Lanka Central Bank Bans Dividends, Share Buybacks at Banks
Foreign banks are prohibited from repatriating profits. LCR and NSFR requirements have been reduced to 90%. Banks are told to refrain from non-essential expenditures.
May 15, 2020 -
473Asia-Pacific
CBSL Announces New Loan Facility to Aid Businesses
Loans granted to businesses by participating FIs under the facility will be limited to two months working capital, with 2 years repayment terms and a 4% p.a. interest rate.
April 21, 2020 -
679Asia-Pacific
Sri Lankan Brokers Prohibited from Charging Interest on Margin Loans
The central bank has also suspended overseas investment and outward remittances by Sri Lankan residents, and cut interest rates for the second time in three weeks.
April 8, 2020 -
834Asia-Pacific
Sri Lanka Central Bank Introduces Measures to Support Financial Sector
Banks can draw down on capital conservation buffers, defer capital requirements, and avoid classifying borrowers as non-performing.
April 2, 2020 -
1.3KAsia-Pacific
Sri Lanka Central Bank Directs FIs to Implement Debt Moratorium
The debt moratorium will be implemented for personal loans, credit card debt, SME loans, among other sectors. Financial institutions are also directed to provide new working capital loans.
March 26, 2020 -
473Asia-Pacific
Sri Lanka Closes Stock Market, Cuts Policy Rates
The central bank has also asked financial institutions to refrain from engaging in speculative activity, which it says "could lead to panic in the financial market."
March 18, 2020 -
753Asia-Pacific
Central Bank to Discontinue Sri Lanka Inter-Bank Offered Rate
This decision reflects the lack of SLIBOR's usage of in benchmarking loan products in the domestic financial market, along with a global trend of phasing out IBORs.
February 27, 2020 -
690Asia-Pacific
Sri Lanka Should Start LIBOR Transition ‘Immediately’ – ICRA
The central bank, financial institutions, and companies must assess the impact, and the LIBOR transition should start "immediately", says ICRA Lanka, a Moody's group company.
February 11, 2020
