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Friday November 13th, 2026
Banking

Sri Lanka's Bank of Ceylon profits down in Sept amid provisioning

Strong loan growth driven by overdrafts

November 21, 2021 2 min read

Sri Lanka's SDF is priced at a discount to peers, faster growth expected: IPO managers

New capital will remove capital constraints

November 19, 2021 3 min read

Sarvodaya DF modernizing Sri Lanka farming with mechanization, digital tech: CEO

This is basically what we call a shared economy ecosystem

November 17, 2021 3 min read

Sri Lanka's Commercial Bank profits up 78-pct before windfall tax

NPL ratio falls amid 9.9-pct loan growth

November 15, 2021 1 min read
Sri Lanka’s Commercial Bank net up 111-pct in June quarter

The bank reported earnings of 5.92 rupees per share for June quarter

Sri Lanka's HNB profits up 262-pct in June quarter

Profits helped by lower provisions even as net interest income falls

Sri Lanka HNB Rights to boost capital, loan growth: Moody’s

ECONOMYNEXT – The 15 billion rupee rights issue by Sri Lanka’s Hatton National Bank (HNB), rated B1 negati...

July 11, 2017 2 min read

Sri Lanka fund managers, lawyers, accountants to report suspicious transactions

ECONOMYNEXT – Fund managers, lawyers, accountants, trustees and casinos are among a host of non-finance businesse...

June 29, 2017 1 min read

Golden cash machine marks ATM's 50th birthday

AFP - The automated teller machine (ATM) marked its 50th anniversary on Tuesday, with a British bank decorating the site...

June 28, 2017 2 min read

Jeddah-based IDB to up stake in Sri Lanka’s Amãna Bank

ECONOMYNEXT – Islamic Development Bank (IDB) group, based in Jeddah, will raise its stake in Sri Lanka’s A...

June 19, 2017 2 min read

Sri Lanka bank asset quality under pressure: Fitch

Bad loans at Sri Lankan banks are picking up in 2017 after two years of strong loan growth, with consumer spending hit b...

June 9, 2017 1 min read

Sri Lanka govt to inject Rs5bn in fresh capital to People’s Bank

ECONOMYNEXT –Sri Lanka’s People’s Bank, the second-largest bank in the island with one-third of loa...

June 7, 2017 2 min read

Basel III raises capital pressure for Sri Lankan banks: Fitch

June 7, 2017 3 min read

Sri Lanka’s People`s Merchant Finance sells property for Rs1bn

ECONOMYNEXT - People`s Merchant Finance (PMF) said it had sold a 108-perch property to its parent firm, Sri Lanka�...

May 24, 2017 1 min read

Islamic Development Bank to buy more stock in Sri Lanka's Amana

Islamic Development Bank will invest more cash in Sri Lanka's Amana Bank Plc through an investment vehicle.

May 21, 2017 1 min read

Sri Lanka's Commercial Bank March net profit up 17-pct

ECONOMYNEXT– Sri Lanka's Commercial Bank said March 2017 quarter group net profit rose 17.1 percent to Rs3.8 bill...

May 15, 2017 2 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

Ironwood Investment raises stake in Sri Lanka Abans Finance

ECONOMYNEXT – Ironwood Investment Holdings (Pvt) Ltd, a Colombo-based private investment company, has raised its ...

May 12, 2017 1 min read

Sri Lanka’s Sanasa Bank to set up dedicated SME centres, branches

ECONOMYNEXT – Sri Lanka’s Sanasa Development Bank (SDB) plans to set up dedicated centres and branches to ...

May 8, 2017 2 min read

Sri Lanka's Sampath Bank March net up 29-pct

Profits at Sri Lanka's Sampath Bank Plc, rose 29 percent to 2.38 billion rupees in the March 2017 quarter from a year ea...

May 8, 2017 1 min read

Sri Lanka's DFCC bank net up 43-pct in March

Profits at Sri Lanka's DFCC group rose 42 percent to 1.36 billion rupees in the March 2017 quarter from a year earlier, ...

May 4, 2017 1 min read

Sri Lanka's NDB net up 35-pct lower loan loss provisions

Profits at Sri Lanka's National Development Bank group grew 35 percent to 547 million rupees in the March 2017 quarter f...

May 4, 2017 1 min read

Sri Lanka finance company margins seen dipping

ECONOMYNEXT – Profit margins of Sri Lankan finance companies are likely to dip with rising interest rates and res...

April 3, 2017 2 min read

Sri Lankan banks urged to look at wider customer base

ECONOMYNEXT – Sri Lankan banks should look beyond their immediate customer base at the wider, emerging digital tr...

March 30, 2017 2 min read

Sri Lanka banks, tech firms urged to co-operate to push e-commerce

ECONOMYNEXT – Sri Lankan banks need to co-operate among themselves and with technology companies to encourage gre...

March 27, 2017 1 min read

Sri Lanka state credit surge to new high in January 2017, private down

Sri Lanka's credit to government from the banking system surged to 141 billion rupees, in what could be an all-time high...

March 27, 2017 2 min read

Sri Lanka banks may get bad loans in 2017: S&P

Bad loans at Sri Lankan banks may climb this year after two years of strong loan growth, as capital buffers are also get...

March 24, 2017 3 min read