Fitch Places 13 Sri Lankan Banks on Rating Watch Negative

[UnlimitedBB]

Fitch Ratings has placed the National Long-Term Ratings of 13 Sri Lankan banks on Rating Watch Negative (RWN). The banks are:

-People's Bank (Sri Lanka) (PB)

-Commercial Bank of Ceylon PLC

-Hatton National Bank PLC

-Sampath Bank PLC

-National Development Bank PLC

-DFCC Bank PLC

-Seylan Bank PLC

-Nations Trust Bank PLC

-Pan Asia Banking Corporation PLC

-Union Bank of Colombo PLC

-Amana Bank PLC

-SANASA Development Bank PLC

-Housing Development Finance Corporation Bank of Sri Lanka (HDFC)

Source - https://www.fitchratings.com/resear...kan-banks-on-rating-watch-negative-12-04-2022

 

[kinkon]

බම්ප්

 

[The Chairman]

Fuck

 

[hirashgeff]

ගෝ හෝම් කියන්නේ නිකන් නෙවෙයි​

 

[dayt0na]

What a Surprise!

 

[UnlimitedBB]

BOC too
https://www.fitchratings.com/resear...of-ceylon-on-rating-watch-negative-12-04-2022

 

[warwickuni]

---

What a Surprise!

Not to many?
This cannot be prevented . When the tree is falling how can you save the fruits!! (How can local banks survive when country's economy is at doldrums!!)
During Great Depression same happened to US state banks. This stopped with change of President from Hoover to FDR and his New Deal Econ Policies with lot of reforms including Banking Reforms.

NSB is not a commercial bank so they cannot do commercial banking( eg international trade , LC , forward contracts in FC etc) hence their exposure to FC is minimal hence will not be severely affected . BUT during MR's time Cabral insisted FC loans through State Banks so there may be some FC loans or debts of govt hidden in their accounts too!!( this is how MR ruined our state banks and these were well documented but 6.9 million wanted the same corrupt lot). Present CB gov was a Dy Gov then!! Did he or any senior CB'er objected to these idiotic decisions of MR implemented through Cabral ?(May be a banker let us know)
So this was long waiting but no one did anything including officials of CB!
We are not out of woods ! change of CB gov was not enough to stop economic ruin commenced by MR and accelerated by GR , Wima, Cabral, UdayG, Vasua, Ali Sabry and other idiotic Cabinet and Viyathmaga experts.
------ Post added on Apr 13, 2022 at 6:01 AM

 

[EVC]

BALAPAPAN KO ISSRAHATA CREDIT CARDS WALATA WENA DEE
eye man kiwwama kattiya hina wenawa
just wait one month