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Wednesday July 17th, 2024

Sri Lanka approves five firms to run airport foreign exchange counters

Four banks and Thomas Cook given 3 year contract

July 16, 2024 1 min read

Sri Lanka central bank extends deadline for updating depositor unique identification number

Unique identification numbers for depositors of licensed banks and licensed finance companies

July 8, 2024 1 min read

Sri Lanka engaging with local banks on sovereign bonds restructure

About 15 percent of the sovereign bonds outstanding are held with private local banks

July 7, 2024 2 min read

Sri Lanka implements Banking (Amendment) Act No. 24 of 2024

Amendments formulated considering developments incur rent regulatory framework, economic and market developments

June 28, 2024 4 min read
Sri Lanka CB imposes penalties on DFCC, Sampath banks for non-compliance

Penalties imposed for not revealing information about customer, not doing due diligence

Sri Lanka's Commercial Bank Rs10bn to sell up to 10-year 13.5-pct debt

The Bank will initially issue 100 million debentures at 100 rupees each, to raise 10 billion.

June 25, 2024 2 min read

Sri Lanka mulling development bank to give low interest credit: President

"This new bank aims to maintain low interest rates."

June 19, 2024 3 min read

Sri Lanka female owned businesses face US$17bn financing gap: ADB country chief

A process called WE-Fi Code to collect data and develop policies to help women's access to finance

June 18, 2024 3 min read

IMF says suspension of Sri Lanka parate execution should be ended ASAP

Bad loans spiked after a currency crises, triggering auctioning of collateral

June 14, 2024 2 min read

Sri Lanka's Commercial Bank 'A(lka)' rating confirmed: ISB assets 7-pct

The bank's impaired loan ratio broadly remained unchanged in the first quarter of 2024 11.4-pct at end-2023.

June 6, 2024 6 min read

Sri Lanka leads region in recruiting more women in banking but barriers remain: IFC

Women comprisie 46 percent of new recruits, according to the IFC study.

June 3, 2024 3 min read

Sri Lanka's Combank stock slides after capital call

The bank made a capital call from shareholders of 22 billion rupees

May 29, 2024 1 min read

Sri Lanka tightens governance of state banks, limits lending to SOEs

Special unit to be set up at the Finance Ministry to monitor state banks

May 29, 2024 1 min read

Sri Lanka's Commercial Bank in rights issue to raise Rs22bn

1 for 5 voting at Rs85 and 1 for 5 non-voting at Rs69.

May 28, 2024 1 min read

Sri Lanka financial literacy to combat fraud, cut indebtedness: CB Governor

Financially literate persons will make better savings and investment decisions

May 22, 2024 1 min read
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Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
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Source: Central Bank/Indicative
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Sri Lanka's Bank of Ceylon to divest subsidiary BOC Travels

BoC to divest 100 percent of its shareholding in its subsidiary B O C Travels (Private) Limited

May 21, 2024 1 min read

Sri Lanka's HNB net up 2-pct in March 2024 quarter

The reported earnings of 12.61 rupees for the quarter

May 15, 2024 1 min read

Sri Lanka's Commercial Bank net up 152-pct in March quarter

Net interest income improves

May 15, 2024 2 min read

Sri Lanka's NSB subsidiary staff to be offered VRS: Minister

Sri Lanka Savings Bank staff will be offered a voluntary retirement scheme,

May 14, 2024 1 min read

Sri Lanka Port City offshore banking regulations within two months: Minister

The banking regulations remains to be approved by parliament

May 13, 2024 2 min read

Sri Lanka Central Bank in push to tighten SIM re-issue over mobile banking scam

The central bank together with banks are tightening security on an ongoing basis

May 10, 2024 3 min read

Sri Lanka parliament passes law to delay foreclosed assets

The changes to the Recovery of Loans by Banks (Special Provisions) (Amendment) Bill seeks to delay 'parate execution'

May 7, 2024 1 min read

Sri Lanka mobile banking users warned of phone hi-jacking scam

This action grants scammers complete access to the mobile device, enabling them to control it remotely

May 7, 2024 3 min read

Sri Lanka single borrower limits cut to 25-pct of bank capital, SOEs also included

Banks will have to limit exposures to 25 percent starting from January 2026

April 23, 2024 3 min read

Sri Lanka private credit expands in February

Rupee appreciation leads to parity changes in dollar credit

April 15, 2024 1 min read
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