An Echelon Media Company
Friday November 13th, 2026
Banking

Sri Lanka's LB Finance buys tiny Multi-Finance

A 64-pct stake for Rs400mn

March 16, 2022 1 min read

Sri Lanka price controls on credit cards, overdrafts, pawning to be raised: Central Bank

Credit cards (penal rates) now at 20-pct, T/ODs 18-pct and pawning 12-pct

March 4, 2022 1 min read

Sri Lanka's NTB Bank net up 77-pct in Dec 22 quarter

Strong credit growth

March 1, 2022 2 min read

Sri Lanka central bank not banned state banks from lending to CPC: CB Governor

CPC lending should be be under single borrower threshold

February 22, 2022 2 min read
Sri Lanka’s NDB to raise upto Rs10bn in debenture issue

Debentures with a non-viability conversion will be offered at 100 rupees each.

Sri Lanka’s HNB Rating unaffected by planned Alfalah Bangladesh purchase

We believe the acquisition, if it proceeds, would have only a modest impact on HNB’s capital

Sri Lanka troubled ETI may be overseen by state bank: report

State-run Bank of Ceylon, may be appointed managing agent of two troubled finance companies of Sri Lanka's EAP group of ...

December 31, 2017 1 min read

Sri Lanka renews invitation for Paypal to start inward remittance

Sri Lanka's central bank has invited Paypal to start inward remittances to the island officials said, amid a clamour for...

December 28, 2017 2 min read

Nathan Sivagananathan on Sri Lanka’s Dunamis Capital Board

ECONOMYNEXT – Sri Lanka’s Dunamis Capital, which has interests in financial services and real estate, has ...

December 20, 2017 1 min read

Sri Lanka doubles insurance payout for CIFL depositors

ECONOMYNEXT – Sri Lanka’s central bank has doubled the compensation payable to depositors of Central Inves...

December 5, 2017 2 min read

Sri Lankans allowed to invest US$200,000 outside country

Sri Lanka's new forex law has allowed an individual to invest 200,000 dollars outside the country, in their lifetime, a ...

November 29, 2017 1 min read

ADB, Deutsche Bank supply chain finance for Sri Lankan SMEs

ECONOMYNEXT – Sri Lankan small and medium-sized enterprises (SMEs) are among those in developing Asia who will ge...

November 24, 2017 2 min read

Sri Lanka's central bank cancels CIFL licence

ECONOMYNEXT – Sri Lanka’s central bank said it has decided to cancel the licence of Central Investment and...

November 23, 2017 1 min read

Google and Facebook would have failed in Sri Lanka: FM

ECONOMYNEXT - Finance Minister Mangala Samaraweera has severely criticised Sri Lanka's lending institutions saying that ...

November 17, 2017 2 min read

Sri Lanka’s First Capital Sept quarter net profit up 18.6-pct

ECONOMYNEXT – Sri Lanka’s First Capital Holdings PLC said group net profit rose 18.6% to Rs340 million in ...

November 16, 2017 2 min read

Sri Lanka’s HNB Sept net profit flat at Rs4bn

ECONOMYNEXT – Sri Lanka's Hatton National Bank (HNB) group reported net profit remained flat at Rs4 billion for t...

November 15, 2017 3 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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 Commercial Bank Sept net profit up 11-pct

ECONOMYNEXT – Sri Lanka’s Commercial Bank of Ceylon PLC said September 2017 quarter net profit grew 11.46%...

November 13, 2017 4 min read

Sri Lanka to start another crony Exim/SME state bank in different guise?

Sri Lanka's budget for 2018 has announced plans to build a bank for start-ups and small and medium enterprises with a ta...

November 11, 2017 2 min read

Sri Lanka allocate Rs10bn for enterprise development bank

ECONOMYNEXT – The Sri Lankan government will allocate Rs10 billion to set up an enterprise development bank to gi...

November 9, 2017 1 min read

Sri Lanka’s NTB Sept net profit up 33-pct to Rs1bn

ECONOMYNEXT – Sri Lanka’s Nations Trust Bank (NTB) said net profit for the September 2017 quarter rose 33%...

November 6, 2017 3 min read

JKH allowed to keep in Sri Lanka's NTB till 2020, but cut voting rights

Sri Lanka's John Keells Holdings has been permitted by the regulator to retain a 29.9 percent stake in Nations Trust Ban...

November 6, 2017 1 min read

Sri Lanka's Union Bank Sept net up 13-pct, strong asset growth

Sri Lanka's Union Bank group, said profits grew 13 percent from a year earlier to 150.9 million rupees in the September ...

October 27, 2017 1 min read

Ex-Citi banker appointed Chairman of Sri Lanka's Union Bank

Sri Lanka's Union Bank of Colombo Plc said Atul Malik, a former Citi banker who also headed Vietnam's Maritime Bank had ...

October 27, 2017 1 min read

Sri Lanka’s People’s Leasing Sept quarter net down 16-pct

ECONOMYNEXT - Sri Lanka’s People’s Leasing & Finance (PLC) said net profit for the September 2017 quarter ...

October 26, 2017 2 min read

Sri Lanka banks given three years to boost capital

Sri Lanka's central bank has given three years for licensed bank to increase their capital to reach Basel III standards.

October 26, 2017 1 min read

Sri Lanka's LB Finance get nod for Myanmar unit

Sri Lanka's LB Finance Plc, a publicly traded licensed non-bank lender said it will set up a 99 percent unit in Myanmar.

October 21, 2017 1 min read