SRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE. SECOND QUARTER 2003 Highlights
|
|
- Angelina Lamb
- 5 years ago
- Views:
Transcription
1 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized SRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE SECOND QUARTER 23 Highlights Introduction : This note is prepared by the World Bank Colombo Office to review the trends of some of the key indicators which have an impact on the financial sector performance. The main indicators identified in the report are: (i) banking sector performance in terms assets, deposits, advances, (ii) interest rates, (iii) exchange rate movements, (iii) inflation and; (iv) capital market movements. The data is collected from the Central Bank, individual banks, Department of Census and Statistics and Colombo Stock Exchange. If the data is adjusted by the respective organizations in subsequent reports, we will adjust our records accordingly. Performance of the Commercial Banking Sector : At the end of the 1 st quarter of 23, out of the total assets in the commercial banking sector, the state commercial banks (SCBs) accounted for 49% while the private domestic banks (PDBs) accounted for 39%. In terms of deposits, the SCBs led with 4%, which was followed by the PDBs with 4%. The PDBs, during the period under review, recorded an increase of 4.5% in terms of assets, 4 % in terms of deposits and 2% in terms of advances. The four major private banks dominated the PDB category accounting for 2% of the assets, 91% of the deposits and 9% of the loans granted. The Non Performing Loans (NPLs), as a percentage of total advances in the commercial banking sector, increased from 15.2 % in December 22 to 16.7% at the end of the 1 st quarter of 23. The Hatton National Bank (HNB), the largest private domestic bank, has been put on the watch list of the local rating agency; Fitch Ratings(FR) who had earlier issued a SL A rating for HNB. However, during a recent review, the FR ascertained that the levels of NPLs in HNB have risen significantly. The FR report also highlighted that the HNB had very high exposure to a few borrowers who were non performing. Therefore, HNB issued 5 year unsecured debentures amounting to Rs. 2 billion to raise additional capital in the market and the issue was several fold over subscribed. IFC divested its shares in a small private bank; Nations Trust Bank (NTB) and the NTB declared a rights issue to the staff of the bank in order to broad base its ownership. The supreme court has issued a stay order on the Appeal Court cancellation of the liquidation of Pramuka bank and the Central Bank (CBSL) has been granted two weeks to examine other options before the liquidation. The Zurich Insurance group had sold its shares in the NDB-Zurich insurance Co to a consortium consisting of Bank of Ceylon and NDB. NDB, through one of its subsidiaries CDIC, is expected to raise additional capital in the market for this acquisition. The DFCC has made a formal offer to buy the MERC bank; a small troubled bank. Given the high liquidity levels in the market, there is pressure on the banks to reduce interest rates. The Central Bank is continuing the media campaign to educate the public with regard to the risk of investing in unregulated financial institutions. Performance of the Licensed Specialized (LSB) : At the end of the 1 st quarter 23, out of the total assets of the LSBs, the National Savings Bank (NSB) led with 62% followed by National Development Bank (NDB) (16%), DFCC Bank (%), Regional Development (5%) and the State Mortgage & Investment Bank (SMIB) (4%). In terms of their lending operations, NDB led by 3%, followed by DFCC (26%), NSB (24%), SMIB & RDB (9%). The NPLs, as a percentage of total advances of the LSBs, declined from 14% to 13% in the first quarter of 23.
2 Financial Sector Quarterly Update:2nd Quarter 23 Open Market Operations & Interest Rates : During the 2 nd quarter of 23, average prime lending rate continued its downward trend further ending up at 1.4% in June as against 11. % in March 23. The repo rate and reverse repo rates further declined to.25% and 1.25% respectively in June. Active open market operations commenced in March, 23. The short term Treasury Bill rates have also reflected a decline with one-year Treasury Bill rate declining from 9.2% in March to.5% in June. The offer rates in the interbank money market too have stabilized at around 9.%. The downward trend observed is mainly due to the continued high liquidity in the market, the reduction in the CBSL rates and the active open market operations. The government continued to issue Treasury Bonds of longer term maturities of 3 to 6 years but has not issued 1 and 15 year long term maturities since the previous quarter. The IMF continues to provide technical support to the Central Bank on open market operations. Exchange Rate Movements: The rupee further depreciated against all major currencies except for the Japanese Yen although the depreciation against dollar was marginal. The forex market has stabilized and deepened and the forward market activities have increased. The rupee depreciated against the dollar by.1%, euro by 5.9%, sterling pound by 5.6%, SDR by 2.5% while the Japanese yen continued to remain stable. As the Gulf war did not linger on, the adverse impact of the war on the tea exports and tourism was not significant. The floods in the southern province might have a lagged effect on low grown tea which is yet to be seen. However, the unprecedented aid pledged at the Tokyo Donor Conference would cushion any adverse impact in the short run. Some of the economic analysts predict an appreciation of the rupee given the unexpected official flows which might erode export competitiveness of the country. In addition, Sri Lanka has been identified as a potential candidate for a US free trade agreement. This would have long term favorable implications for the country s external trade as US is a major trading partner (41% of exports). Inflation: The inflation has further declined in the 2 nd quarter of 23. The Point-to Point Index decreased substantially from 7.9% in March to 4.5% in June and the Monthly Moving Average Index declined from 9.9% to 9.% during the same period reflecting the lagged effect of the inflationary trends during the past. The decline in the point to point index is mainly due to the low prices in paddy and vegetables compared to last year. The inflation reflected a downward trend despite the adverse weather conditions that prevailed in the country, especially in the Southern and Central Provinces. Capital Market Movements :. The investor sentiments still hold strong despite the setback in peace negotiations and non participation of the LTTE at the Tokyo Donor Conference. The continuation of the conflict-free environment signals a long term commitment to peace by all parties despite continuing disagreements. The investor confidence has been strengthened by the overwhelming support shown by the donors. The second quarter recorded historic levels in the capital market indices. The ASPI has reached 149 from 739 while both the Milanka and the MBSL indices reflected an increase of 64% and 47% reaching 263 and 237 respectively. Monthly turnover ranged from Rs.2.3 billion (US $ 24. million) to Rs. 1.5 billion (US $ 1.4 million) during the quarter; highest ever recorded. The foreign investor activities recorded a net inflow of Rs. 1.6 billion (US $ 16.3 million) during the 2 nd quarter. The market capitalization increased to Rs. 24 billion. This is a reflection of the investor confidence as well as the result of the tax amnesty granted by the government and the declining interest rate regime in the banking sector. Unlike in the past, the foreign investors have been quite active, especially in the blue chip companies. The Milanka index is much more buoyant than the MBSL; an indication of the interest of the investor in the upper end of the market. Increases have been reflected in all indices but the heavily traded sector had been the banking sector. Colombo Stock Exchange has opened its second branch in Kandy in order to strengthen and broaden the local investor base. Report, Graphic Design & Concept : Sriyani Hulugalle Graphs Update:Malathi Ratnayake 1/7/23 2
3 Table 1: Market Structure of the Commercial Banking System As at the end of Fourth Quarter 22 Licensed Commercial Figure 1-Commercial Bank Assets State Commercial 49% Foreign % Private Domestic 39% Figure 2 - Commercial Bank Deposits State Commercial 4% Foreign % Private Domestic 4% State Commerci al 46% Figure 3: Commercial Bank Loans & Foreign Advances 11% Private Domestic 43% Licensed Specialized DFCC % Figure 1 B-LSB Assets Others 1% RDBs 5% Figure 3B: LSB Loans & Advances Others 2% RDBs 9% NSB 24% NDB 16% DFCC 26% SM IB 9% SMIB 4% NSB 62% NDB 3% Note : Only in the case of Table 1, data relate to Quarter 1, 23. Data reflect Domestic and Foreign Currency Banking Unit transactions. Source : CBSL Bank Supervision Department and individual commercial banks. 3
4 Table 2: Open Market Operations Treasury Bills Treasury Bonds 91 Days Days 364 Days 2 Years 3 Years 4 Years 5 Years 6 Years 1 Years 15 Years Month Volume Av. Yield % Volume Av. Yield Volume Av. Yield Volume Av. Yield Volume Av. Yield Volume Av. Yield Volume Av. Yield Volume Av. Yield Volume Av. Yield Volume Av. Yield Rs. Mn % Rs. Mn % Rs. Mn % Rs. Mn % Rs. Mn % Rs. Mn % Rs. Mn % Rs. Mn % Rs. Mn % Rs. Mn % May 3, , June 1, , , 14. 1, , 14.1 July 2, , , , , 14.3 Aug 2, , , ,7.42 1, Sept 3, , , Oct 1, ,. 1,5 13. Nov 1, , ,.4 1,. 1,. Dec 2, , 1.9 1, 11. 1, Jan 2, , , , 9. 1,5 9.1 Feb 3, , , ,5 1.1 March 2, , , , 1.1 April 3, ,2.62 1, , 9.7 2, 9.5 May 2, , , , ,5.92 1,5 9.3 June 2, , , 9.5 2,5 9.1 Source: Central Bank of Sri Lanka Figure 4: Yield Curve of Govt. securities Figure 5: Y ield Trend of Government Securities Maturity of the Security 22July August September October November December 23 January February M arch 91 Days Day s 364 Days 2 Years 3 Years 4
5 Table 3: Interest Rates July Aug Sep Oct Nov Dec 23 Jan Feb March April May June Lending Rates (%) Commercial BankAverage Prime Lending Rates Lowest Prime Lending Rates Sri Lanka Inter Bank Offer Rate (SLIBOR) (%) 1 Day Day Month Call MoneyMarket Rate (Av) (%) Central Bank Repurchase Rate (%) CB Reverse Repurchase Rate (%) Bank Rate (%) Savings Rates (%) Commercial BankSavings Deposits N/A N/A N/A N/A N/A Commercial Bank 1 Yr. Fixed Deposits N/A N/A N/A N/A N/A National Savings Bank Savings Deposits National Savings Bank 1 yr. Fixed Deposits Average Weighted Deposit Rate (AWDR) Source: Economic Research Department, Central Bank of Sri Lanka 5
6 Figure 6: Lending/ Deposit Rates % Average Weighted Dep o sit Rate (AWDR) Financial Sector Quarterly Update: 2nd Quarter 23 6 % July Aug Sep Oct Nov Dec 23 Jan Feb March April May June M o n th Commercial Bank Average Prime Lending Rates Lowest Prime Lending Rates Bank Rate (%) Figure : Real Interest Rates Commercial Bank Average Prime Lending Rates Real Prime Lending Rate Average Weighted Deposit Rate (AWDR) Real Weighted Deposit Rate 16 4 Figure 7 - Srilanka Inter-Bank Offer Rates and Call Money Market Rate Jul y Aug Sep Oct Nov Dec 23 Jan Feb Mar ch Apr il May June 1 D ay 7 Day 1 M o nt h Call Money MarketRate(Av)
7 Table 4: Exchange Rate Movements Exchange Rates End of US$ GBS JPY* Euro SDR 22 July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June Note: Rupees per 1 JPY; From January 22, all members of the Euro Currency Area replaced their national currencies with the Euro. Source: Economic Research Department, Central Bank of Sri Lanka Figure 9: Exchange Rates Rupees Month US$ GBS JPY* Euro SDR 7
8 Table 5 : Consumer Prices Indices July Aug Sep Oct Nov Dec Jan Feb Mar April May June Colombo Consumers' Price ( 1952=1) All items Growth Rate % Month-to-month Point-to-point month M/A Greater Colombo Consumers' Price Index (199 = 1) All items N/A Growth Rate % Point-to-point N/A -month M/A N/A Source: Census and Statistics Department Figure 1: Consumer Price Index Month Month-to-month Point-to-point -month M/A 6 4 2
9 Table 6: Capital Market Movements Market Assessment 22 July Aug Sep Oct Nov Dec 23 Jan Feb March April May June All Share Price Index Milanka Price Index * MBSL Mid Cap * Sector Indices, Finance & Insurance Beverage, Food & Tobacco Chemicals & Pharmaceuticals Construction Diversified Holdings Footwear & Textiles Hotels & Travels Investment Trusts Land & Property Manufacturing Motors oil palm Plantations Services Stores & Supplies Trading Market Capitalization Monthly Market Turnover (Rs. Mns) Foreign Purchases (Rs. Mns) Foreign Sales (Rs. Mns) Net Purchases (Rs. Mns) Market Capitalization (Rs. Billions) * - MILANKA - Covers the largest 25 companies 2 *- MBSL - Covers the next largest 25 companies Source: Colombo Stock Exchange 9
10 Figure : Equity Market - Sector Indices Figure 11 Equity Market: Indices Indices June May April March Feb 23 Jan Dec Nov Oct Sep Aug 22 July Series1 Series2 Series3, Finance & Insurance Beverage, Food & Tobacc o Investment Trusts Manuf acturing 23 Jan Feb March April May June Figure 13: Market Performance. Foreign Sales (Rs. Mns) Dec 22 July Aug Sep Oct Nov -2 Month Monthly Market Turnover (Rs. Mns) Foreign Purchases (Rs. Mns) Net Purchases (Rs. Mns) Market Capitalization (Rs. Billions) Indices
SRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE THIRD QUARTER
SRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE THIRD QUARTER 23 Highlights Introduction : This note is prepared by the World Bank Colombo Office to review the trends of some of the key indicators which have
More informationSRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE FIRST QUARTER
SRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE FIRST QUARTER 23 Highlights Introduction : This note is prepared by the World Bank Colombo Office to review the trends of some of the key indicators which have
More informationSRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE THIRD QUARTER
SRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE THIRD QUARTER 22 Highlights Introduction : This note is prepared by the World Bank Colombo Office to review the trends of some of the key indicators which have
More informationSRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE. FIRST QUARTER 2004 Highlights
SRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE FIRST QUARTER 24 Highlights Introduction : This note is prepared by the World Bank Colombo Office to review the trends of some of the key indicators which have
More informationSRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE
SRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE FOURTH QUARTER 23 Highlights Introduction : This note is prepared by the World Bank Colombo Office to review the trends of some of the key indicators which have
More informationSRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE FIRST QUARTER 2008
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized SRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE FIRST QUARTER 28 Financial Sector Quarterly
More informationSRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE SECOND QUARTER Highlights
SRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE SECOND QUARTER 22 Highlights Introduction : This note is prepared by the World Bank Colombo Office to review the trends of some of the key indicators which have
More informationSRI LANKA. Highlights
Financial Sector Quarterly Update- 3nd t Quarter 26 SRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE THIRD QUARTER 26 Highlights Introduction : This note is prepared by the World Bank Colombo Office to review
More informationSRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE FIRST QUARTER Highlights
Financial Sector Quarterly Update-1st t Quarter 26 SRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE FIRST QUARTER 26 Highlights Performance of the ing Sector 1 : At the end of the 4 th quarter of 25, out of
More informationSRI LANKA. Highlights
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized SRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE THIRD QUARTER 27 Highlights Financial Sector
More informationSRI LANKA SECTOR QUARTERLY UPDATE. Highlights
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized SRI LANKA SECTOR QUARTERLY UPDATE FORTH QUARTER 29 Highlights Financial Sector Quarterly
More informationSRI LANKA SECTOR QUARTERLY UPDATE. Highlights
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized SRI LANKA SECTOR QUARTERLY UPDATE THIRD QUARTER 29 Highlights Financial Sector Quarterly
More informationSRI LANKA SECTOR QUARTERLY UPDATE. Highlights
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized SRI LANKA SECTOR QUARTERLY UPDATE SECOND QUARTER 2009 Highlights Financial Sector Quarterly
More informationCENTRAL BANK OF SRI LANKA
CENTRAL BANK OF SRI LANKA SELECTED WEEKLY ECONOIC INDICATORS 31 October. Economic Research Department Tel. : (94 11) 2477177 3, Janadhipathi awatha E-mail : cbslgen@sri.lanka.net Colombo 1 Website : http://www.centralbanklanka.org
More informationKENANGA INVESTMENT CORPORATION LTD
Yield LKR Mn Economic Indicators: LKR/USD 14.54 (.46% WoW) AWPR: 7.15% (1.56% WoW) AWDR: (.17% MoM) ASPI: 7,96 (.14% WoW) S&P SL2: 3,82 (.55% WoW) 1 11.5% 1 1.5% 1 9.5% 9.% 8.5% 7.5% 6.5% Government Securities
More informationKENANGA INVESTMENT CORPORATION LTD
Yield LKR Mn Economic Indicators: LKR/USD 141.19 (.46% WoW) AWPR: 7.4% (.56% WoW) AWDR: (.17% MoM) ASPI: 7,16 (.7% WoW) S&P SL2: 3,841 (1.18% WoW) 1 11.5% 11.% 1.5% 1 9.5% 9.% 8.5% 7.5% 7.% 6.5% Government
More informationMONEY AND BANKING STATISTICS
MONEY AND BANKING STATISTICS DECEMBER 20/JANUARY 2017 HIGHLIGHTS ON MAJOR ECONOMIC AGGREGATES HIGHLIGHTS ON MAJOR MONETARY AGGREGATES MONTHLY % VARIABLE CHANGE ANNUAL MONTHLY % PERCENTAGE CHANGE CHANGE
More informationMajor Highlights. Recent Economic Developments. September/October,2016. Central Bank of Swaziland 1
September/October,20 Major Highlights The country s headline inflation increased to 8.3 per cent in Septmber 20 from 8.0 per cent in August 20. Inflation rate (% y/y) 8.3 (Sep) Discount and prime rates
More informationApril First Capital Research
April 2019 First Capital Research SL raises USD 2.4Bn in International Sovereign Bond...... 3 Inflation 4 M2B & Sector Credit... 6 Reserves & Liquidity... 7 Currency Movement... 8 Government Securities...
More informationKENANGA INVESTMENT CORPORATION LTD
Yield LKR Mn Economic Indicators: LKR/USD 138.78 (1.69% WoW) AWPR: 6.86% (.73% WoW) AWDR: 6.1% (.17% MoM) ASPI: 7,153 (.86% WoW) S&P SL2: 3,914 (1.11% WoW) 12.% 11.5% 11.% 1.5% 1.% 9.5% 9.% 8.5% 7.5% 7.%
More information1 RED June/July 2018 JUNE/JULY 2018
1 RED June/July 20 JUNE/JULY 20 2 RED June/July 20 MAJOR HIGHLIGHTS Headline consumer inflation grew by 4.9 per cent in June 20 compared to 4.8 per cent recorded in May 20 Inflation rate (% y/y) 4.9 (June)
More informationCENTRAL BANK OF SRI LANKA
CENTRAL BANK OF SRI LANKA SELECTED ECONOMIC INDICATORS May. Statistics Department 30, Janadhipathi Mawatha Colombo 1 Tel. : (94 11) 2477579 E-mail : stat@cbsl.lk Website : http://www.cbsl.gov.lk CONTENTS
More informationBanking Sector Report Q u a r t e r : D e c
Banking Sector Report Q u a r t e r : D e c 2 0 1 5 by BoJay F r o n t i e r I n s i g h t s Performance Summary Credit growth accelerated in the December quarter Growth in Net Loans and Advances in Private
More informationSRI LANKA DEBT SECURITIES MARKET
SRI LANKA DEBT SECURITIES MARKET Government Treasury Bills & Treasury Bond 1 Country Sri Lanka Currency Sri Lankan Rupee (Rs.) Trade Organizations SAFTA, WTO Population,7, (1) Exports US$,3 Mn (. % Growth)
More informationMajor Highlights. Recent Economic Developments April/May Central Bank of Swaziland 1
Major Highlights Annual consumer inflation increased to 7.0 per cent in April 2017 from 6.0 per cent in March 2017. Inflation rate (% y/y) 7.0 (Apr) Discount and prime lending rates remained unchanged
More informationANALYST CERTIFICATIONS AND REQUIRED DISCLOSURES BEGIN ON PAGE 21
July 2017 FC Research ANALYST CERTIFICATIONS AND REQUIRED DISCLOSURES BEGIN ON PAGE 21 Monetary Policy Review..... 3 Rating Outlook: Moody s... 4 Inflation... 5 M2B & Sector Credit... 7 Reserves & Liquidity...
More informationASSETLINE MUTUAL FUNDS INTERIM REPORT FOR THE SIX MONTHS PERIOD ENDED SEPTEMBER 30, 2018
ASSETLINE MUTUAL FUNDS INTERIM REPORT FOR THE SIX MONTHS PERIOD ENDED SEPTEMBER 30, 2018 Table of Contents 1. Corporate Information 1 2. Fund Manager s Report 2 3. Fund Report of Assetline Income Fund
More information12. FINANCIAL SECTOR. Monetary Policy
12. FINANCIAL SECTOR The financial sector moved further forward, supported by recovery in economic activity. The Central Bank reduced its policy rates, facilitated by the decline in both inflation and
More informationKENANGA INVESTMENT CORPORATION LTD
Yield KENANGA INVESTMENT CORPORATION LTD LKR/USD Change Yield % Sri Lankan Economic Update Weekly 29 th May 215 COUNTRY RATING: FITCH: BB-, S&P: B+, MOODY S: B1 Economic Indicators: LKR/USD 136.33 (1.16%
More informationKENANGA INVESTMENT CORPORATION LTD
Yield KENANGA INVESTMENT CORPORATION LTD LKR/USD Rate % Yield Change Sri Lankan Economic Update Weekly 5 th June 215 COUNTRY RATING: FITCH: BB-, S&P: B+, MOODY S: B1 Economic Indicators: LKR/USD 134.16
More information6.1 Government of Pakistan Treasury Bills
6.1 Government of Pakistan Treasury Bills PERIODS (Million Rupees) 3 Months Treasury Bills 6 Months Treasury Bills Discount Discount Outstanding Discount Issue Allowed Discharged Paid Balance Issue Allowed
More informationCAPITAL MARKETS AND FOREX OVERVIEW JULY 2016 REPORT
CAPITAL MARKETS AND FOREX OVERVIEW JULY 2016 REPORT NON-DISCLOSURE CLAUSE Union Capital Limited has prepared this material. Opinions expressed herein are current opinions as of the date appearing in this
More informationTHE CBK WEEKLY BULLETIN
December 30, 20 THE CBK WEEKLY BULLETIN Highlights for the Week Overall 12-month inflation eased from 19.7 percent in November 20 to 18.9 percent in December 20, while annual average inflation rose from
More informationFebruary 3, Inflation. The Interbank Market
1 / CBK Statistical Bulletin Central Bank of Kenya February 3, 2018 Inflation Overall inflation increased marginally in January 2018, largely driven by increases in energy prices. It increased to 4.8 percent
More informationMarch 5, 2010 THE CBK WEEKLY BULLETIN. Highlights for the Week
March 5, 2010 THE CBK WEEKLY BULLETIN Highlights for the Week The 12-month overall inflation rate was 5.2 percent, while the annual average rate, on the other hand stood at 9.3 percent in February 2010.
More informationMONTHLY ECONOMIC INDICATORS
MONTHLY ECONOMIC INDICATORS SEPTEMBER 0 Table of Contents 1. INFLATION... 2 2. MONEY, CREDIT AND INTEREST RATES... 6 3. REAL SECTOR INDICATORS... 9 4. BALANCE OF PAYMENTS AND EXTERNAL SECTOR INDICATORS...
More informationASPI 6, , % S&P SL20 3, , % Banking & Finance 16, , %
(Turnover LKR Bn) ASPI S&P SL20 ACUITY STOCKBROKERS RESEARCH SRI LANKA EQUITIES Turnover Hit Near 3Yr Low. GoSL Presents Socially Inclusive Budget Indices vs. Turnover (07 th Nov 11 th Nov) ASPI v 0.30%
More informationSri Lankan Banking Sector
Contents Executive Summary 03 Banking Sector Growth The Economy 05 Credit Growth 06 Loans 07 Deposits 09 Borrowings 10 Risks in the Banking System Credit Risk 11 Interest Rate Risk 12 Exchange Rate Risk
More informationInterest and Exchange Rates: Impact on the Economy
Interest and Exchange Rates: Impact on the Economy Economists Point of View Saman Kelegama Institute of Policy Studies of Sri Lanka (IPS) Increase in Credit Supply Government borrowing strategy was supported
More informationBANK OF GUYANA. BANKING SYSTEM STATISTICAL ABSTRACT Website:
BANK OF GUYANA BANKING SYSTEM STATISTICAL ABSTRACT Website: www.bankofguyana.org.gy RESEARCH DEPARTMENT March 2010 STATISTICAL ABSTRACT TABLES CONTENTS 1. MONETARY AUTHORITY 1.1 Bank of Guyana: Assets
More informationFinancial & Business Highlights For the Year Ended June 30, 2017
Financial & Business Highlights For the Year Ended June, 17 17 16 15 14 13 12 Profit and Loss Account Operating Revenue 858 590 648 415 172 174 Investment gains net 5 162 909 825 322 516 Other 262 146
More informationKENANGA INVESTMENT CORPORATION LTD
Rate (%) Yield (%) KENANGA INVESTMENT CORPORATION LTD Rate (%) LKR/USD Rate(%) (%) Yield(%) Change(%) Sri Lankan Economic Update Weekly 14 th Aug 215 COUNTRY RATING: FITCH: BB-, S&P: B+, MOODY S: B1 Economic
More informationQuarterly Statistical Digest
Quarterly Statistical Digest August Volume 27, No. 3 The Statistical Digest is a quarterly publication of the Central Bank of The Bahamas, prepared by the Research Department for issue in February, May,
More informationCBK Weekly Statistical Bulletin of Key Monetary and Financial Indicators
JANUARY 13, 2017 Highlights The money market was relatively tight during the week ending January 11, 2017. The average interbank rate was stable at 7.54 percent in the week ending January 11, 2017 compared
More informationJanuary 27, 2012 THE CBK WEEKLY BULLETIN
January 27, 2012 Highlights for the Week THE CBK WEEKLY BULLETIN The money market liquidity was tight during the week ending January 25, 2012. The Central Bank mopped Ksh 0.6 billion in the repo market
More informationMID YEAR FISCAL POSITION REPORT 2003
MID YEAR FISCAL POSITION REPORT 2003 Issued under section 10 of the Fiscal Management (Responsibility) Act No. 03 of 2003 K.N. Choksy, PC, MP Minister of Finance MID YEAR FISCAL POSITION REPORT 2003 Issued
More informationKENANGA INVESTMENT CORPORATION LTD
LKR Mn Yield Economic Indicators: LKR/USD 141.37 (.4% WoW) AWPR: 7.28% (.4% WoW) AWDR: 6.5% (.5% MoM) ASPI: 7,59 (.24% WoW) S&P SL2: 3,824 (.56% WoW) 11.5% 1 1.5% 1 9.5% 9.% 8.5% 7.5% 6.5% Government Securities
More informationBANK OF GUYANA. BANKING SYSTEM STATISTICAL ABSTRACT Website:
BANK OF GUYANA BANKING SYSTEM STATISTICAL ABSTRACT Website: www.bankofguyana.org.gy RESEARCH DEPARTMENT November 2010 STATISTICAL ABSTRACT TABLES CONTENTS 1. MONETARY AUTHORITY 1.1 Bank of Guyana: Assets
More informationCommercial Bank of Ceylon PLC (COMB) Rs
Sri Lanka Equities CORPORATE UPDATE August 2009 John Keells Stock Brokers (Pvt) Ltd. A JKSB Research Publication Yolan Seimon yolan@jkstock.keells.com Commercial Bank of Ceylon PLC (COMB) Rs 145.00 BUY
More informationQuarterly Statistical Digest
Quarterly Statistical Digest February 2019 Volume 28, No. 1 The Statistical Digest is a quarterly publication of the Central Bank of The Bahamas, prepared by the Research Department for issue in February,
More informationMONTHLY ECONOMIC INDICATORS
MONTHLY ECONOMIC INDICATORS JULY Table of Contents 1. INFLATION... 2 2. MONEY, CREDIT AND INTEREST RATES... 6 3. REAL SECTOR INDICATORS... 9 4. BALANCE OF PAYMENT AND EXTERNAL SECTOR INDICATORS... 10 5.
More information1 RED September/October 2018 SEPTEMBER/OCTOBER 2018
1 RED September/October 20 SEPTEMBER/OCTOBER 20 2 RED September/October 20 MAJOR HIGHLIGHTS The country s annual consumer inflation grew by 0.2 percentage points to reach 5.1 per cent in September 20,
More informationCEYLON GUARDIAN INVESTMENT TRUST PLC
INTERIM REPORT FOR THE THREE MONTHS ENDED 30TH JUNE 2017 A CARSON CUMBERBATCH COMPANY Managers Review For the period ended 30th June 2017 Financials and portfolio performance The Ceylon Guardian portfolio
More informationMONTHLY ECONOMIC REPORT MARCH 2013 HIGHLIGHTS
Ministry of Finance Department of Economic Affairs Economic Division 4(3)/Ec. Dn. /2012 MONTHLY ECONOMIC REPORT MARCH 2013 HIGHLIGHTS The overall growth of GDP at factor cost at constant prices, as per
More informationWeekly Statistical Bulletin Key Monetary and Financial Indicators
1 / CBK Statistical Bulletin Weekly Statistical Bulletin Key Monetary and Financial Indicators Central Bank of Kenya July 14, 2017 The money market was fairy tight during the week ending July 12, 2017,
More informationSRI LANKA Quarterly Economic Update
SRI LANKA Quarterly Economic Update April 212 SRI LANKA Quarterly Economic Update April 212 212 Asian Development Bank All rights reserved. Published in 212. Printed in the Philippines. ISBN 978-92-992-764-8
More informationCBK Weekly Statistical Bulletin of Key Monetary and Financial Indicators
MARCH 17, 2017 Highlights The money market was relatively liquid during the week ending March 15, 2017, largely supported by net redemption of government securities. The average interbank rate declined
More informationSACU INFLATION REPORT. February 2016
SACU INFLATION REPORT February 2016 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationInvestor pre-close briefing. 14 March
Investor pre-close briefing 14 March Proviso Please note that matters discussed in today s presentation may contain forward looking statements which are subject to various risks and uncertainties and other
More informationWeek ending 21-Dec 14-Dec +/- ASPI 6, , % S&P SL20 3, , % Banking & Finance 16, ,
(Turnover LKR Bn) ASPI ACUITY STOCKBROKERS RESEARCH SRI LANKA EQUITIES Daily Turnover Hits 1-Month High Q3 18 GDP Growth Slows to 2.9% Y-o-Y ASPI.94% S&P SL2 1.31% The Bourse ended the week Cont. P2 Foreign
More informationMARKET UPDATE AND FUND REVIEW
ASSET MANAGEMENT PRIVATE WEALTH MANAGEMENT MY WEALTH MANAGEMENT MARKET UPDATE AND FUND REVIEW 2017 FEBRUARY Click here for download MARKET BRIEF BY NDB WEALTH INFLATIONS PICKS UP Inflation as measured
More information18. Real gross domestic product
18. Real gross domestic product 6 Percentage change from quarter to quarter 4 2-2 6 4 2-2 1997 1998 1999 2 21 22 Total Non-agricultural sectors Seasonally adjusted and annualised rates South Africa s real
More informationSri Lanka: Recent Economic Trends. January 2018
Sri Lanka: Recent Economic Trends January 2018 1 Agenda Summary Economic Growth Inflation and Monetary Policy External Account Fiscal Scenario of Government of Sri Lanka ICRA Lanka Limited 2 2 Agenda Summary
More informationFUND INFORMATION Fund Information Business Growth... 04
CONTENT FUND INFORMATION Fund Information... 02 Business Growth... 04 FUND MANAGER REPORT Economy & Markets... 05 Guardian Acuity Equity Fund Review... 08 Guardian Acuity Fixed Income Fund Review... 10
More informationKENANGA INVESTMENT CORPORATION LTD
Rate (%) Yield(%) KENANGA INVESTMENT CORPORATION LTD Rate(%) LKR/USD Rate(%) % Yield (%) Change(%) Sri Lankan Economic Update Weekly th Mar COUNTRY RATING: FITCH: BB-, S&P: B+, MOODY S: B Economic Indicators:
More informationInvestor Presentation. December 2013
Investor Presentation December 2013 24.02.2014 Table of Contents 1. Thai economy 2. Strengthening bank and client base 3. BBL s financial results Thai economy in 2014-2015 Thailand is facing short-term
More informationResearch Department Bangladesh Bank
Capital Market Developments in Bangladesh* January-March, 2017 Research Department Bangladesh Bank *Prepared by Special Studies Division, Research Department, Bangladesh Bank (Central Bank of Bangladesh).
More informationFor the Six months ended 30 th September 2015
Interim Report For the Six months ended 30 th September 2015 National Asset Management Limited Union Bank Building, 64, Galle Road, Colombo 3. Phone : 2445911 Fax : 2445903 Email : info@namal.lk Interim
More informationRevised October 17, 2016
Revised October 17, 2016 60 ISM Manufacturing Purchasing Managers Index (September 2015 September 2016) 58 56 54 52 50 48 46 44 42 Sept-15 Oct Nov Dec Jan-16 Feb Mar Apr May Jun Jul Aug Sept Purchasing
More informationFor the Six months ended 30 th September 2013
Interim Report For the Six months ended 30 th September 2013 National Asset Management Limited Union Bank Building, 64, Galle Road, Colombo 2. Phone : 2445911 Fax : 2445903 Email : info@namal.lk Interim
More informationKENANGA INVESTMENT CORPORATION LTD
LKR Mn Economic Indicators: LKR/USD 145.2(.12% WoW) AWPR: 8.81% (2.8% WoW) AWDR: 6.33% (1.11% MoM) ASPI: 6,57 (.63% WoW) S&P SL2: 3,167 (.42% WoW) Government Securities Movement yield(%) 14.% 13.% 1 11.%
More informationGUARDIAN ACUITY ASSET MANAGEMENT LIMITED Unit Trust Funds
GUARDIAN ACUITY ASSET MANAGEMENT LIMITED Unit Trust Funds Interim Report 2018 Fund Information Fund Objective Guardian Acuity Equity Fund To achieve medium to long term capital appreciation Guardian Acuity
More informationKEY ECONOMIC INDICATORS PREFACE
PREFACE This June issue of the Monthly Statistical Bulletin contains updates on the monetary aggregates for May, and other available macroeconomic data. We thank all those who have contributed to the information
More informationBusiness & Financial Services December 2017
Business & Financial Services December 217 Completed Procurement Transactions by Month 2 4 175 15 125 1 75 5 2 1 Business Days to Complete 25 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 217 Procurement
More informationKENANGA INVESTMENT CORPORATION LTD
(%) Yield KENANGA INVESTMENT CORPORATION LTD LKR/USD Rate(%) Change(%) % Yield (%) Sri Lankan Economic Update Weekly 19 th June 215 COUNTRY RATING: FITCH: BB-, S&P: B+, MOODY S: B1 Economic Indicators:
More informationICRA Lanka reaffirms the issuer rating of State Mortgage and Investment Bank
ICRA Lanka reaffirms the issuer rating of State Mortgage and Investment Bank January 12, 2018 Instrument* Rated Amount (LKR Mn) Rating Action Issuer rating N/A [SL]A (Stable); Reaffirmed Rating action
More informationSACU INFLATION REPORT. January 2017
SACU INFLATION REPORT January 2017 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationSri Lanka: IMF-Sponsored Reform Programme, Overview & Update (September 2017)
Sri Lanka: IMF-Sponsored Reform Programme, Overview & Update (September 2017) Inwa Advisers Pte Ltd. Incorporated in the Republic of Singapore. Co Reg No. 198601745D. Contents IMF s Comments on the Progress
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. October 2017
11 December 2017 PRESS RELEASE Securities issued by Hungarian residents and breakdown by holding sectors October 2017 According to securities statistics, the amount outstanding of equity securities and
More informationFINANCIAL ANALYSIS. A. Financial Analysis
Rooftop Solar Power Generation Project (RRP SRI 50373-002) FINANCIAL ANALYSIS A. Financial Analysis 1. Banking sector background. Sri Lanka s financial system comprises the banking sector (e.g., central
More informationFor the Six months ended 30 th September 2014
Interim Report For the Six months ended 30 th September 2014 National Asset Management Limited Union Bank Building, 64, Galle Road, Colombo 2. Phone : 2445911 Fax : 2445903 Email : info@namal.lk Interim
More informationCommercial Bank of Ceylon Ltd (COMB)
Rs. 146.00 180 160 140 120 100 80 60 40 Price Volume Sri Lanka Equities Corporate Update Commercial Bank of Ceylon Ltd (COMB) COMB PRICE - VOLUME GRAPH Price 01-Apr-03 09-May-03 17-Jun-03 18-Jul-03 21-Aug-03
More informationBUSINESS MODEL AND STRATEGIC DIRECTION
BUSINESS MODEL AND STRATEGIC DIRECTION HNB Group HNB Assurance PLC Life Insurance 60% owned listed subsidiary HNB General Insurance Ltd 100% owned General Insurance company HNB PLC Sithma Development Ltd
More informationDIAL Share Information
Index Volume 000 140 1 60 40 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 ASPI Index S&P SL Index DIAL Index Volume - Figure 1: Share Volumes & Relative Performance
More informationMONTHLY ECONOMIC REPORT MARCH 2014
Ministry of Finance Department of Economic Affairs Economic Division 4(3)/Ec. Dn. /2012 MONTHLY ECONOMIC REPORT MARCH 2014 HIGHLIGHTS The growth of GDP at factor cost at constant (2004-05) prices (real
More informationFC Research Analyst: Atchuthan Srirangan
Price Volume - '000 Price Volume -'000 FC Research Analyst: Atchuthan Srirangan SEYLAN BANK PLC SRI LANKA Corporate Update STRONG BUY (V)/ BUY (NV) SEYB.N0000 Current Price: LKR 80 Fair Value: LKR 101
More information1 RED July/August 2018 JULY/AUGUST 2018
1 RED July/August 20 JULY/AUGUST 20 2 RED July/August 20 MAJOR HIGHLIGHTS The country s annual consumer inflation remained unchanged at 4.9 per cent in July 20 same as in June 20. Inflation rate (% y/y)
More informationECONOMIC UPDATE. GDP Growth. John Keells Stock Brokers (Pvt) Ltd. Sri Lanka Equities. March Chinthaka Ranasinghe
Sri Lanka Equities ECONOMIC UPDATE March 21 John Keells Stock Brokers (Pvt) Ltd. A JKSB Research Publication Chinthaka Ranasinghe chinthaka@jkstock.keells.com GDP Growth The economy gained momentum with
More informationQUARTERLY ECONOMIC REVIEW (QER)
QUARTERLY ECONOMIC REVIEW (QER) Volume 2 No 4 January - March 2018 OBJECTIVES OF THE CENTRAL BANK OF KENYA The principal objectives of the Central Bank of Kenya (CBK) as established in the CBK Act are:
More informationSACU INFLATION REPORT. February 2018
SACU INFLATION REPORT February 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationSACU INFLATION REPORT. April 2018
SACU INFLATION REPORT April 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not
More informationSACU INFLATION REPORT. January 2018
SACU INFLATION REPORT January 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationINTERIM FINANCIAL STATEMENTS for the nine months ended (Un-audited)
INTERIM FINANCIAL STATEMENTS for the nine months ended 30.09.2013 (Un-audited) Bank of Ceylon CONSOLIDATED INCOME STATEMENT 1 Rs. 000 30th September For the nine months ended 2013 2012 Change % Bank For
More informationSACU INFLATION REPORT. October 2018
SACU INFLATION REPORT October 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationMONTHLY ECONOMIC REVIEW
MONTHLY ECONOMIC REVIEW November INSIDE THIS ISSUE: Selected Economic Indicators 2 Stock Market Developments 3 Banking Sector Developments 3 Inflation 4 National Payments System 6 Statistical Tables 8
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. January 2019
7 March 2019 PRESS RELEASE Securities issued by Hungarian residents and breakdown by holding sectors January 2019 According to securities statistics, the amount outstanding of equity securities and debt
More informationMONETARY POLICY COMMITTEE STATEMENT FOR THIRD QUARTER Governor s Presentation to the Media. 22 nd November, 2017
1 MONETARY POLICY COMMITTEE STATEMENT FOR THIRD QUARTER 2017 Governor s Presentation to the Media 22 nd November, 2017 INTRODUCTION 2 The presentation is structured as follows: 1. Decision of the Monetary
More informationSACU INFLATION REPORT. December 2017
SACU INFLATION REPORT December 20 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not
More informationCBK Weekly Statistical Bulletin of Key Monetary and Financial Indicators
JANUARY 22, 2016 Highlights The money market was relatively liquid during the week ending January 20, 2016 supported by government payments, redemption of government securities and OMO maturities. The
More informationFOR RELEASE: MONDAY, MARCH 21 AT 4 PM
Interviews with 1,012 adult Americans conducted by telephone by Opinion Research Corporation on March 18-20, 2011. The margin of sampling error for results based on the total sample is plus or minus 3
More information