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Financial Asset Quality Improvement (study)

Industry initiatives to develop a solution for NPL resolution via an Asset Management Company (AMC) is being researched by a task force from the capital markets and banking sectors with support from the Financial Sector Stability Consultative Committee (established by CBSL).

COVID-19 Impact Reliefs

Multiple policy interventions of the CBSL and support measures have been delivered through the banking sector; initially to help to Survive the crisis and then to Adapt to the ‘new normal’ and latterly to Recover and contribute to expand productive activity.  The baning sector has thus far remained resilient.

Rated Sri Lankan companies less exposed to sovereign than banks: Fitch

Fitch Ratings views most rated Sri Lankan corporates as less vulnerable than local financial institutions to the sovereign’s financial distress. This is because most rated corporates have a combination of strong business profiles, low leverage, sound liquidity, and limited exposure to Government.  On the other hand, local financial institutions’ ratings are usually constrained by the