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Friday November 13th, 2026
Banking

Sri Lanka DFCC Bank net down 68-pct in Dec 22

DFCC's loan loss provisions in December quarter was 1.3 billion rupees up from 529.4 million a year earlier.

February 20, 2022 1 min read

Sri Lanka firms to sell dollar shares on stock exchange

Sri Lankan firms can now raise funds in foreign currencies through listing at Colombo Stock Exchange

February 19, 2022 2 min read

Sri Lanka stocks fall to over 1-wk low on forced sales; LOFC boosts turnover

The key stock index has fallen 6.8 percent so far in February on forex, economic concerns

February 18, 2022 2 min read

Sri Lanka's LOLC gets nod to buy Kenya micro-financier: report

Exempted from shareholder limits for 4 years

February 9, 2022 2 min read
Sri Lanka’s HNB to enter talks to buy Bangladesh unit of Bank Alfalah

Bank Alfalah has a presence in UAE, Bahrain, Pakistan, Afghanistan and Bangladesh

Sri Lanka loan demand up in second quarter

The outlook for the fourth quarter was also positive

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
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’s Dialog to curb loan portfolio, deposits of Colombo Trust Finance

ECONOMYNEXT – Sri Lankan celco Dialog Axiata said it will retain all employees of Colombo Trust Finance, a financ...

October 13, 2017 2 min read

Sri Lanka's PABC gets US$33mn credit line for renewable energy

Sri Lanka's PABC Bank said it had wrapped up a 33 million US dollar credit line from an international climate change fun...

October 10, 2017 1 min read

Fitch confirms ratings on small and mid-sized Sri Lankan banks

ECONOMYNEXT - Fitch Ratings Lanka said it has confirmed the National Long-Term Ratings on five small and mid-sized Sri L...

October 3, 2017 8 min read

Sri Lanka commercial bank loan volumes ease; CB credit negative in July

Sri Lanka's bank credit to private and state fell to 32 billion rupees in July 2017 from 64 billion rupees a month earli...

October 2, 2017 2 min read

Capital of Sri Lanka's Bank of Ceylon raised

The paid up capital of Sri Lanka's state-run Bank of Ceylon has been raised from 10 billion rupees to 15 billion rupees,...

September 15, 2017 1 min read

Sri Lanka’s Dialog Telecom enters financial sector buying non-bank lender

ECONOMYNEXT – Sri Lankan celco Dialog Axiata has bought a controlling stake in Colombo Trust Finance PLC, a finan...

September 12, 2017 2 min read

Sri Lankan bank profits under pressure: Moody's

ECONOMYNEXT - Moody's Investors Service has said the outlook for Sri Lanka's banking system is negative, with both asset...

August 31, 2017 2 min read

Sri Lanka Citibank branch 'AAA(lka)' rating confirmed by Fitch

Fitch Ratings has confirmed an 'AAA(lka)' rating of the Colombo branch of Citibank N.A with a stable outlook.

August 29, 2017 3 min read

Sri Lanka Treasuries yields up for second week

Sri Lanka's Treasuries yield rose across maturities at Wednesday's auction, with the three month yield rising 10 basis p...

August 23, 2017 2 min read

Sri Lanka's Bank of Ceylon profits dip with loss provisions

Profits at Sri Lanka's state-run Bank of Ceylon group fell 9.6 percent to 4.44 billion rupees in the June 2017 quarter a...

August 15, 2017 2 min read