CSE filing·Feb 13, 2025
Reconstitution of Board Sub CommitteesCompany filings and market news from across Sri Lanka's stock market.
People's Leasing & Finance PLC's Islamic finance unit PLC Al-Safa won five awards at the 9th IFFSA Awards 2024, including Silver for Islamic Banking Unit of the Year and Silver for Digital Marketing Campaign. It also received a Merit award for its Wadi'ah Gold Safekeeping product plus other marketing recognitions.
Sri Lanka's central bank defended open market operations after standing-window deposits rose to Rs200 billion by Oct 29, saying injections averted a spike in interest rates; critics warn the injections are inflationary and risk future balance-of-payments and reserve problems.
A TW Corporate seminar featuring former MBSL executives urged lenders to adopt innovative credit evaluation and creative debt restructuring to reduce credit risk, improve monitoring and optimise balance sheets.
Central Bank Governor said a sovereign ISB bond exchange could occur in 6–8 weeks if the government proceeds with the existing DSA and completes a comparability assessment. He said an agreement in principle exists with ISB holders, local bondholders and the ADB, with local banks to receive new bonds.