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Friday November 13th, 2026
Banking

Sri Lanka's People's Bank clarifies NPA treatment

Non performing loans go through a recovery process

June 1, 2022 2 min read

Sri Lanka's People's Bank profits Rs7.4bn in March quarter

Times are extraordinary with the macro stresses clearly unprecedented

May 30, 2022 2 min read

Sri Lanka relaxes bank capital rules to cushion bond losses as rates spike

Banks face mark-to-market losses as well as bad loans from soft-peg crisis

May 24, 2022 2 min read

Sri Lanka bank credit jump Rs1.2trn in March in soft-peg collapse

Stability of foreign exchange rates was in their eyes a mischief, not a blessing

May 16, 2022 4 min read
Three foreign parties in talks for offshore banking in Sri Lanka's Port City

Six local banks already approved, seven others have applied

Sri Lanka's UB Finance 'BB(lka) rating confirmed, outlook revised to negative: Fitch

The revision in UBF 's Outlook stems from similar action on its parent, Union Bank of Colombo PLC

Sri Lanka Sampath Bank's Rs7.5Bn Basel III debt issue oversubscribed

Sri Lanka Sampath Bank's Rs7.5Bn Basel III debt issue oversubscribed ECONOMYNEXT - Sri Lanka's Sampath Bank says its 7.5...

March 16, 2018 1 min read

Sri Lanka's Nations Trust Bank deploys robotics

ECONOMYNEXT - A digital banking platform, data analytic and robotics is helping Sri Lanka's Nations Trust Bank increase ...

March 13, 2018 3 min read

Sri Lanka’s Pan Asia Bank strengthens risk management

ECONOMYNEXT – Sri Lanka’s Pan Asia Bank has strengthened risk management and monitoring after the suspensi...

March 12, 2018 2 min read

Sri Lanka banks to join small business loan scheme

ECONOMYNEXT – Ten Sri Lankan public and private sector banking institutions are to sign up for a government loan ...

March 9, 2018 1 min read

Digital sales grow at Sri Lanka’s Hatton National Bank

ECONOMYNEXT – Sri Lanka’s Hatton National Bank (HNB) said revenues from digital payments were growing as c...

March 6, 2018 1 min read

Sri Lanka's CIFL to be liquidated, compensation for depositors

ECONOMYNEXT – Sri Lanka’s central bank said it will cancel the licence of Central Investment and Finance (...

March 5, 2018 2 min read

Sri Lanka's Bank of Ceylon net down 5-pct

Profits at Sri Lanka's state-run Bank of Ceylon, fell 5 percent to 7,502 billion rupees in the December 2017 quarter fro...

March 1, 2018 2 min read

Sri Lanka's SOE credit grows in December, private credit steady

Sri Lanka's commercial banks loaned 59.8 billion rupees to private borrowers in December 2017, in line with the 61.8 bil...

February 27, 2018 2 min read

Sri Lanka’s Com Bank December net up 12-pct to Rs4.8bn

ECONOMYNEXT – Sri Lanka’s Commercial Bank said net profit rose 12% to Rs4.8 billion in the December 2017 q...

February 23, 2018 2 min read

Sri Lanka's HNB net up 14-pct in Dec

Profits at Sri Lanka's Hatton National Bank grew 14 percent from a year earlier to 4.6 billion rupees in the December 20...

February 22, 2018 1 min read
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Latest Last
US Dollar 332.3603 330.8514
UK Pound 440.9424 438.3450
Euro 368.4879 371.0168
Yen 2.0805 2.0916
Aus Dollar 227.4342 231.1659
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5474 3.4202
Korean Won 0.2492 0.2479
Oman Rial 863.2287 859.3320
Saudi Riyal 88.5586 88.0955
UAE Dirham 90.4874 90.0766
Source: Central Bank/Indicative
pts %
S&P SL20 6,365.57 +0.26%
CSE All Share 22,157.40 +0.56%
Turnover Rs 2975.05 million 1193.67 million
Source: CSE
Latest Last
3-m bill 7.61 7.84
6-m bill 7.91 8.26
12-m bill 8.23 8.3
3-yr bond 9.24 9.25
5-yr bond 9.82 9.56
8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's ETI affiliate says no approval for investor yet

Sri Lanka's Swarnamahal Financial Services Ltd, an affiliate of ETI which is under central bank administration said a pr...

February 21, 2018 1 min read

Sri Lanka’s Commercial Bank gets Myanmar microfinance licence

ECONOMYNEXT - CBC Myanmar Microfinance Co., Ltd., a fully owned subsidiary of Sri Lanka’s Commercial Bank, has go...

February 19, 2018 1 min read

Sri Lanka's The Finance Losses up 24-pct, balance sheet gap Rs16bn

Losses at Sri Lanka's troubled The Finance Company expanded 24 percent to 598.2 million rupees in the December 2017 quar...

February 17, 2018 4 min read

Sri Lanka's Sampath Bank net up 52-pct in Dec

Profits at Sri Lanka's Sampath Bank rose 52 percent to 3.89 billion rupees helped by a 23 percent growth in net interest...

February 16, 2018 1 min read

Sri Lanka's Sampath to accept Alipay payments

Sri Lanka's Sampath Bank said it had started to accept payments of Alipay, a payment platform set up by China's Alibaba ...

February 14, 2018 2 min read

Sri Lanka's Central Finance net up in Dec quarter, says past profits overstated

Profits at Sri Lanka's Central Finance Plc, a non-bank lender grew 18.9 percent to 1.4 billion rupees in the December 20...

February 12, 2018 2 min read

Sri Lankan banks overshoot SME lending targets

ECONOMYNEXT – Sri Lankan banks have overshot lending targets under an Asian Development Bank (ADB) small business...

February 9, 2018 3 min read

Sri Lanka's NDB Bank net up 64-pct in Dec 2017

Profits at Sri Lanka's NDB Bank group December 2017 quarter profits rose 64 percent to 1.19 billion rupees, as net inter...

February 2, 2018 2 min read

FMO sells stake in Sri Lanka's LOLC micro lender

ECONOMYNEXT - Sri Lanka's LOLC Finance PLC (LOFC), acquired 100 percent in micro lender LOLC Micro Credit for 12.3 billi...

February 1, 2018 1 min read

IMF, activist, ask for action after Sri Lanka placed on money laundering scrutiny

The International Monetary Fund and a governance activist has urged action after Sri Lanka was placed under scrutiny for...

January 28, 2018 4 min read