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The Investor Sentiment - Equity and investments forum for Sri Lankans

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» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Banking Sector - Page 6 EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Banking Sector - Page 6 EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Banking Sector - Page 6 EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Banking Sector - Page 6 EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Banking Sector - Page 6 EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Banking Sector - Page 6 EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Banking Sector - Page 6 EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Banking Sector - Page 6 EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Banking Sector - Page 6 EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Banking Sector - Page 6 EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Banking Sector - Page 6 EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Banking Sector - Page 6 EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Banking Sector - Page 6 EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Banking Sector - Page 6 EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Banking Sector - Page 6 EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Banking Sector - Page 6 EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Banking Sector - Page 6 EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Banking Sector - Page 6 EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Banking Sector - Page 6 EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Banking Sector - Page 6 EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Banking Sector - Page 6 EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Banking Sector - Page 6 EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Banking Sector - Page 6 EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Banking Sector - Page 6 EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Banking Sector - Page 6 EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Banking Sector - Page 6 EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Banking Sector - Page 6 EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Banking Sector - Page 6 EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Banking Sector - Page 6 EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Banking Sector - Page 6 EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Banking Sector - Page 6 EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Banking Sector - Page 6 EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Banking Sector - Page 6 EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Banking Sector - Page 6 EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Banking Sector - Page 6 EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Banking Sector - Page 6 EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Banking Sector - Page 6 EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Banking Sector - Page 6 EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Banking Sector - Page 6 EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Banking Sector - Page 6 EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Banking Sector - Page 6 EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Banking Sector - Page 6 EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Banking Sector - Page 6 EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Banking Sector - Page 6 EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Banking Sector - Page 6 EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Banking Sector - Page 6 EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Banking Sector - Page 6 EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Banking Sector - Page 6 EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Banking Sector - Page 6 EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Banking Sector - Page 6 EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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    Banking Sector

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    • Post n°126

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    Post by yellow knife Mon Mar 28, 2016 4:16 pm

    Thus when a Government of a country is purely depending on Foreign Advice what else the citizens of that country do ?

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    Prostitution is not strictly illegal in Thailand, though solicitation and public nuisance laws are in effect. In practice it is tolerated and partly regulated. Prostitution operates clandestinely in many parts of the country.[1] Local officials with commercial interests in prostitution often protect the practice. The precise number of prostitutes is difficult to assess; estimates vary widely and are subject to national and international controversy.[2] Since the Vietnam War, Thailand has gained international notoriety among travellers from many countries as a sex tourism destination


    In 2015 Havocscope said that about $6.4 billion dollars in annual revenue was being generated by the trade, a figure which accounted for 10 percent of Thailand’s GDP. Sex workers in Thailand send an annual average of US$300 million to family members who reside in more rural areas of Thailand
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    • Post n°127

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    Post by yellow knife Mon Mar 28, 2016 4:23 pm

    Thailand is still No 1 Rice Exporter

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    • Post n°128

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    Post by yellow knife Mon Mar 28, 2016 4:31 pm

    During and immediately after the Second World War, the absence of Europeans and Americans and the presence of a now more developed state bureaucracy allowed local entrepreneurs to enter banking and insurance for the first time. For substantial Thai financial groups evolved in this period. Indeed the biggest of these institutions Bangkok Bank, became the largest bank in south-east Asia.

    Thai Government during this period also began the longest-run strategy of import substitution industrialization in south-east Asia, with numerous sector development campaigns until 1980s..

    The private banks financed this. These banks took small equity positions in these businesses. In the absence of export discipline however manufacturers did not make products that were globally competitive.
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    • Post n°129

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    Post by yellow knife Mon Mar 28, 2016 4:44 pm

    Export tree of Thailand shows the result of these mixed strategies.

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    Eventhough Thailand is known as the best pupil of World Bank and IMF, today this is what they say.



    Thailand Weakest Asean Economy in 2016 – World Bank
    By John Le Fevre on January 7, 2016

    Read more: Thailand Weakest Asean Economy in 2016 – World Bank [You must be registered and logged in to see this link.]
    Please copy and share within the spirit of fair use. We protect our copyrights. Citation link required back to source material.
    Follow us: @aecnewstoday on Twitter

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    • Post n°130

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    Post by yellow knife Mon Mar 28, 2016 4:56 pm

    Yet IMF and World Bank was full of appraisal and so were the brilliant economists then.

    This is the perfect reversal of South Korea. World Bank criticized South Korea, specially when it was moving into Steel Manufacturing with POSCO and later appreciated the country.
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    • Post n°131

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    Post by yellow knife Mon Mar 28, 2016 5:04 pm

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    This is how the economist saw , the best pupil of IMF in Asean economy then.

    ************************************
    STAR pupils are good models for the lazy and recalcitrant. In the IMF's reformatory for delinquent Asian tigers, Thailand fits the bill. While President Suharto of Indonesia tries to bluster, bluff and blackmail his way out of tough IMF-prescribed reforms (see article), Thailand does nearly everything demanded of it. Partly to show Mr Suharto the error of his ways, the IMF wants to tout a success story. One snag: Thailand, as yet, is not it.

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    Chuan recites

    There is certainly much to admire in the single-mindedness with which the government of Prime Minister Chuan Leekpai has tackled its troubles since taking office in November. It has cut spending and raised taxes. It has closed 56 finance companies, nationalised four failing banks, and opened the finance industry to foreigners. It is compelling banks to be more candid about their bad loans, and to raise new capital. It has kept interest rates high despite the loud complaints of industrialists, and has an ambitious privatisation programme. Collapsing imports have turned the current account from a deficit of close to 8% of GDP in 1996 into four successive monthly surpluses.

    The school swot has been collecting prizes. Mr Chuan has been promised $1.7 billion in American aid. The IMF and World Bank heap praise on his team of economic ministers, and promise extra help. Last August's $17.2 billion IMF-led rescue package now looks positively frugal compared with the much larger bail-outs of Indonesia and South Korea. Even the markets are applauding. The stock exchange has been the best-performing in the region this year, and the currency, the baht, has clawed its way out of the depths (see chart).

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    **************************************

    So unlike for South Korea, nice words are flowing into Thailand from all Western aligned sources. Its almost like Sri Lanka being appreciated by JATHYANTHARAYA.

    Just compare the words in bold with what we are experiencing now you can see a similarity .
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    • Post n°132

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    Post by yellow knife Mon Mar 28, 2016 5:11 pm

    Now lets read about the Thai Prime-minsiter who was much praised by Economists , IMF and West.

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    Chuan Leekpai


    In 1987, when Chuan was Parliament Speaker, his younger brother Raluek Leekpai (ระลึก หลีกภัย) was charged with embezzling 231.8 million THB (approx. 9 million USD in 1987) from Thai Farmers Bank.[4] Raluek had been an executive at TFB. Responding to accusations in Parliament, Chuan publicly defended the innocence of his brother. Raluek fled the country, and only returned to Thailand in 2004 after the statute of limitations expired on his crime and he couldn't be prosecuted. He had been on the run as a fugitive in Taiwan. Raluek has said he might enter politics in order to restore his reputation, although he said he wanted to live a quiet life in his Trang hometown.

    First Term (1992-1995)

    In the aftermath of Bloody May, the Democrat Party won the majority of seats in the September 1992 elections, with 79 seats, compared to the Chart Thai Party with 77 seats. Chuan formed a coalition government with the Phalang Dharma and Ekkaparb parties.



    Second Term (1997-2001)


    Chuan became prime minister for the second time on November 9, 1997.

    Corruption

    Although generally regarded as relatively clean and honest when compared to other Thai administrations, Chuan's government found itself plagued with corruption scandals and rumors. Key cases of corruption included:

    • Rakkiat Sukhthana, Health Minister, was charged with taking a five million THB (125,000 USD) bribe from a drug firm and forcing state hospitals to buy medicine at exorbitant prices. After being found guilty, he jumped bail and went into hiding.
    • Suthep Thaugsuban, Minister of Transport and Communications, whose brokering of illegal land deals caused the fall of the Chuan 1 government, was linked to abuse of funds in setting up a co-operative in his southern province of Surat Thani.[13]
    • The "edible fence" seed scandal, in which massive overpricing of seeds distributed to rural areas happened. The Deputy Minister of Agriculture was forced to resign.[14]
    • The Salween logging scandal, where up to 20,000 logs were felled illegally in the Salween forest in Mae Hong Son. Some of them turned up in the compound of the Democrat party’s office in Phichit province.[14]
    • Sanan Kajornprasart, Interior Minister, as well as 8 other cabinet ministers were found to have understated their declared assets. Sanan was later barred by the Constitution Court from politics for 5 years.[15]
    • Chuan himself was found by the National Counter-Corruption Commission to have undeclared shareholdings in a rural cooperative.[15]

    Chuan stepped down as the head of the Democrat Party in 2003


    Last edited by yellow knife on Mon Mar 28, 2016 5:27 pm; edited 1 time in total
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    • Post n°133

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    Post by yellow knife Mon Mar 28, 2016 5:25 pm

    Apart from Politicians the Central Bankers do a major role to a country's economy. We have seen that earlier with Malaysian example.

    The powerful banking groups which were privately controlled but underpinned by military, royal and government equity-were kept in check by shout east Asia's most independent, orthodox and professional central bank. The Bank of Thailand (BOT) set up in 1942, had close relations from the late 1940s with the World Bank and IMF, which provided ongoing training to the staff.

    BOT officials came to see themselves as not so much managers of development but as the honest policemen in a a country prone to cronyistic business behaviour.

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    • Post n°134

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    Post by yellow knife Mon Mar 28, 2016 5:48 pm

    Thai Stock Index showing 1997 Financial Crisis

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    • Post n°135

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    Post by yellow knife Mon Mar 28, 2016 5:53 pm

    As with Bank Negara Malaysia, there was only a modest and non-inflationary amount of re discounting of bank loans by the central bank.

    In Thailand most of this went not to manufacturing but to key export crops, of which much the most important was rice. The share of commercial bank lending going to manufacturing rose only slowly, from 10% in 1958 to around a quarter in 1980s. this was roughly on par with Malaysia.


    We in Sri Lanka are not familiar with Re discounting and our percentage of loans to industry sector as shown in COMB.N 's situation.

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    • Post n°136

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    Post by yellow knife Thu Jun 30, 2016 7:39 am

    Time to revisit Banking sector and to update again with the interest of " Who the next Governor of CB ?"

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    [You must be registered and logged in to see this image.] by [You must be registered and logged in to see this link.] on Fri Mar 25, 2016 11:50 am
    So
    Ismail Mohd Ali was leading Malaysian finance for 18 years.

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    Alan Greenspan was leading US economy as FED Chairman for 19 years.

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    Such long tenures for Central Bank Governors is recommend by Gerorge Bagehot the writer of Lombard street

    One weakness of democratic countries is that the ruler cannot plan for long term as his time ends after 4-6 years..

    Thus having a Governor of Central Bank for a long period is one best remedy..

    Imagine a democratic country where CB Governors are appointed on Trial and Error basis and for short duration....
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    • Post n°137

    Banking Sector - Page 6 Empty Re: Banking Sector

    Post by xmart Mon Jul 11, 2016 3:45 pm

    YK wrote:Imagine a democratic country where CB Governors are appointed on Trial and Error basis and for short duration....
    Embarassed
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    • Post n°138

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    Post by yellow knife Tue Mar 07, 2017 9:13 am

    Its time to revisit and re write this thread...

    These days newspapers ( sinhala and english ) is full of bond scam and how the CBSL officers had to face a tough time during this bond issue....

    On the other hand Banks are getting ready for a rain of Rights issue, scrip dividends to gear up with Capital Adequacy Ratios...
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    • Post n°139

    Banking Sector - Page 6 Empty Re: Banking Sector

    Post by කිත්සිරි ද සිල්වා Thu Apr 27, 2017 1:03 pm

    Quarterly Earnings
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    • Post n°140

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    Post by Ethical Trader Thu Apr 27, 2017 2:00 pm

    Thanks Kith. Seyb.x is still attractive.
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    • Post n°141

    Banking Sector - Page 6 Empty Re: Banking Sector

    Post by කිත්සිරි ද සිල්වා Fri Apr 28, 2017 1:17 am

    bounce  bounce  bounce
    Ethical Trader wrote:Seyb.x is still attractive.
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    • Post n°142

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    Post by yellow knife Fri Apr 28, 2017 7:54 am

    on Tue Mar 07, 2017 9:13 am

    On the other hand Banks are getting ready for a rain of Rights issue, scrip dividends to gear up with Capital Adequacy Ratios...


    HNB to rasie Rs 15 Bn via rights issue
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    • Post n°143

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    Post by Seyon Tue Oct 16, 2018 2:01 pm

    Update...[You must be registered and logged in to see this image.]

    I haven't adjusted right issue effect on NDB and SAMB. This is just extracted from info published
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    • Post n°144

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    Post by serene Tue Oct 16, 2018 7:24 pm

    Thanks Seyon
    All are attractive.
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    • Post n°145

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    Post by PANTOMATH Tue Oct 16, 2018 7:49 pm

    Thanks Seyon
    EPS,PE or PBV alone is not going to make a share attractive. EPS growth and PE growth matter most.Current difficult economic conditions won't allow easy growth for them.
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    • Post n°146

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    Post by Seyon Wed Oct 17, 2018 10:15 am

    PANTOMATH wrote:Thanks Seyon
    EPS,PE or PBV alone is not going to make a share attractive. EPS growth and PE growth matter most.Current difficult economic conditions won't allow easy growth for them.

    True, but there will be growth after right issue, banks loan book will grow, only the fear is NPL due to the current economic condition.
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    • Post n°147

    Banking Sector - Page 6 Empty Re: Banking Sector

    Post by lanka Wed Oct 17, 2018 11:17 am

    Thanks,
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    • Post n°148

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    Post by The Invisible Thu Nov 01, 2018 9:50 am

    Sri Lanka bank NPLs highest in tourism

    ECONOMYNEXT - Non-performing loans in Sri Lanka's banks, which are below recent and historic highs, were highest in tourism, a sector which has seen the most dynamism and new investment in recent years, a central bank report said.

    Sri Lanka's bad loans had grown by 93.9 billion rupees to 254.6 billion rupees in the eight months to August 2018, which was 3.6 percent of total loans, up from a low of 2.5 percent in 2017.

    Bad loans ratio was higher at 6 percent in 2016, the central bank said.

    Sri Lanka's credit grew rapidly in 2015 and 2016 amid money printing. Periods of rapid credit growth, tends to reduce the overall bad loan ratio as new loans expand, but bad loans then catch-up as brakes are put on money printing and the economy slows.

    In Sri Lanka the rupee has also fallen, due to the operation of a soft-pegged exchange rate, further hurting spending power.

    By June 2018, the highest share of bad loans were reported from tourism, which had seen dynamism and new investment.

    On one hand new operators with no previous experience in tourism jumped into the sector. While some of the new operators had blazed new trails, innovating the sector, others are now consolidating.

    Some established operators are also under pressure, from newer properties.

    The central bank said NPL ratio of 5.5 percent was reported from tourism, 5.4 percent from manufacturing, 5.1 percent from information technology & communication services, 4.7 percent from wholesale and retail trade and 4.4 percent from forestry and fishing. (Colombo/Nov01/2018)

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    • Post n°149

    Banking Sector - Page 6 Empty Re: Banking Sector

    Post by NIRMALSG Fri Feb 28, 2020 5:07 am

    First Capital Research upgrades Banking Sector to BUY from HOLD with a 42% return over 1 Year.

    Banking-Sector-Sri-Lanka-UPGRADE-TO-BUY-Jan-2020-1.pdf

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    • Post n°150

    Banking Sector - Page 6 Empty Re: Banking Sector

    Post by spw19721 Fri Feb 28, 2020 5:55 am

    Thanks for the update
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