US EditionSri Lankan state banks’ capital vulnerable despite profit gains: Fitch - LankaXpress
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Fitch Warns of Capital Strain on State Banks despite Profits – Treasury May Step In - LNW Lanka News Web
Fitch Ratings has raised concerns about the financial health of Sri Lanka’s state-owned banks, warning that their capital levels remain weak despite strong profits in 2024. This is mainly due to a mandatory capital reserve they must maintain to cover risks from restructured foreign loans given to the government. According to Fitch, the Central Bank has instructed banks to set aside a special reserve equal to 15% of their outstanding foreign curr…
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