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Friday November 13th, 2026
Banking

Sri Lanka CB to set up mobile app for remittances

SL-Remit to make it cheaper

October 8, 2021 1 min read

Sri Lanka banks asked not to auction loan security till March, interest relief

Vehicle 'bubble' to be curbed

October 1, 2021 1 min read

Sri Lanka Central Bank issues circular on Stage III Covid linked bad loans

Banks with the approval of the Board of Directors were asked to set guidelines for loan impairment.

October 1, 2021 1 min read

Sri Lanka lifts price control on T-bills in key stability move

The controls had been in place from April 2020 and had had driven liquidity injections and reserve losses

September 16, 2021 3 min read
Fitch confirms 'A(lka)' domestic rating of Sampath Bank Plc

The Outlook is Stable. Fitch also affirmed Sampath's outstanding Sri Lankan rupee-denominated subordinated debt at 'BBB+

Fitch confirms 'A-(lka)' domestic rating of Nations Trust Bank Plc

Fitch has also affirmed NTB's Sri Lankan rupee-denominated outstanding subordinated debt at 'BBB(lka)'.

Sri Lanka banks stable; loan growth may increase bad loans: Moody's

The outlook for banks in Sri Lanka remain stable but continued loan growth driven by construction credit may increase ba...

December 1, 2016 2 min read

Sri Lanka's NDB to be headed by ex-Pan Asia, HSBC banker

Sri Lanka's NDB Bank said Dimantha Seneviratne, who ran Colombo-based Pan Asia Bank for three year would be its chief ex...

November 26, 2016 1 min read

Sri Lanka's Com Bank opens money transfer unit in Rome, eyes other cities

ECONOMYNEXT – Commex Sri Lanka S.R.L., a fully-owned subsidiary of Commercial Bank of Ceylon has inaugurated its ...

November 25, 2016 2 min read

Proposal to raise capital floor to benefit Sri Lankan banks: Fitch

ECONOMYNEXT – The Sri Lankan government’s 2017 budget proposal to double the minimum capital of licensed c...

November 24, 2016 3 min read

Sri Lanka's Cargills Bank makes Rs28mn net profit in Sept quarter

ECONOMYNEXT - Sri Lanka's Cargills Bank, part of CT Holdings Group, made a group net profit of Rs28 million in the Septe...

November 18, 2016 1 min read

Sri Lanka's Sampath Bank net up 37-pct in Sept

Profits at Sri Lanka's Sampath Bank Plc, rose 37 percent to 2.59 billion rupees from a year earlier, helped by higher in...

November 4, 2016 1 min read

Sri Lanka to pay Rs4bn to Golden Key depositors, sell assets

ECONOMYNEXT – Sri Lanka’s finance ministry is to release Rs4 billinn to pay depositors of the failed Golde...

October 27, 2016 1 min read

Sri Lanka FIU, Inland Revenue to fight tax evasion

ECONOMYNEXT – The Financial Intelligence Unit (FIU) of Sri Lanka has entered into a Memorandum of Understanding w...

October 24, 2016 1 min read

Sri Lanka Commercial Bank debenture oversubscribed, raises Rs7bn

ECONOMYNEXT – Sri Lanka’s Commercial Bank of Ceylon said its debenture issue which opened on Monday, 24 Oc...

October 24, 2016 1 min read

Entrust, 3 Sri Lanka finance company depositors to be repaid: central bank

Sri Lanka's Central Bank said customers of Entrust Securities, a primary dealer in government securities, and three fina...

October 18, 2016 5 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 Fitch downgrades PABC, confirms ratings of 04 small, mid-size banks

ECONOMYNEXT - Fitch Ratings Lanka has downgraded Pan Asia Banking Corporation's (PABC) National Long-Term Rating to 'BBB...

October 17, 2016 8 min read

Sri Lanka FIU, immigration join hands to fight money laundering

ECONOMYNEXT – The Financial Intelligence Unit (FIU) of Sri Lanka has entered into a Memorandum of Understanding w...

October 6, 2016 1 min read

Thai Group Lease to buy stake in Sri Lanka finance firm for $70 mln

BANGKOK, Oct 3 (Reuters) - Thai motorcycle lessor Group Lease PCL has acquired a 30 percent stake in Sri Lanka's Commerc...

October 3, 2016 2 min read

Sri Lanka private credit steady in July 2016

Sri Lanka's commercial banks loaned Rs62.80 billion to private businesses in July 2016, down from Rs75.9 billion a month...

October 3, 2016 1 min read

Sri Lanka’s Commercial Bank starts Maldives operations

ECONOMYNEXT – Sri Lanka’s Commercial Bank of Ceylon said its Maldivian unit, the Commercial Bank of Maldiv...

September 26, 2016 2 min read

Sri Lanka’s Commercial Bank launches new series of ATM machines

ECONOMYNEXT - Commercial Bank of Ceylon said it has launched a new generation of machines that offers several new advanc...

September 19, 2016 2 min read

Nanda Fernando made Sampath Bank Sri Lanka boss

Sri Lanka's Sampath Bank Plc said Nanda Fernando, a 29-year veteran at the bank will be made Managing Director with the ...

September 9, 2016 1 min read

Sri Lanka's troubled finance company resolution process on the way: Central Bank

Sri Lanka's central bank said an asset management company to take over bad debts and inject capital into troubled financ...

September 9, 2016 4 min read

Sri Lankan bankers urge shift to digital payments

Sri Lanka needs to encourage a shift to digital payments, and reduce cash and cheque transactions without further delay,...

September 9, 2016 2 min read

Sri Lanka bank credit surges in June 2016: CB credit Rs48bn

Sri Lanka's bank credit surged to Rs110 billion in June 2016 from Rs44.6 billion a month earlier, including Rs48 billion...

September 5, 2016 2 min read