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Friday November 13th, 2026
Banking

Sri Lanka slaps 100-pct LC margin to discourage consumer imports amid money printing

Chocolates, spaghetti, apple juice, wine, oats, soya milk, dairy goods, lipsticks, carpets, coats anoraks

September 9, 2021 2 min read

Sri Lanka extends Coronavirus debt moratorium till December 31

Capital and interest to be rolled over T-Bill + 1

September 4, 2021 4 min read

Sri Lanka bank loans grow in July, CB credit soars in reserve appropriations

CB credit grown 318 billion rupees in July in record forex reserve losses

August 30, 2021 1 min read

Sri Lanka central bank orders 5.0-pct ceiling on foreign currency deposits

Special deposit accounts can pay a premium

August 25, 2021 4 min read
Sri Lanka's Commercial Bank gets Sustainable Fitch opinion to sell green bonds

Issuance of a Sustainable Bond will mark the next milestone in the Bank’s journey

Sri Lanka minister, banks discuss loans for estate community

“…They are to utilize this land as collateral not just for housing but for their children’s education

Visa opens office in Sri Lanka as business expands

Visa, a global payments company, said it had opened an office in Sri Lanka amid the expansion of business in the country...

September 4, 2016 1 min read

Sri Lanka state banks have to find own capital, be efficient: Minister

Sri Lanka's state banks will have to find capital without public help, become more efficient and enhance governance, Dep...

September 2, 2016 2 min read

ADB to invest $50m in Sri Lanka’s Hatton National Bank

ECONOMYNEXT – The Asian Development Bank (ADB) is to invest $50 million in Sri Lanka’s Hatton National Ban...

September 1, 2016 1 min read

Sri Lanka's Cargills Bank reduces loss in June quarter

ECONOMYNEXT - Sri Lanka's Cargills Bank, part of CT Holdings Group, said it reduced its loss in the June 2016 quarter by...

August 30, 2016 1 min read

Sri Lanka LOLC group net up 26-pct in June

Sri Lanka's LOLC Group, which has interests in financial services and leisure, said profits rose 26.3 percent from a yea...

August 28, 2016 2 min read

Sri Lanka's NDB Chairman, Chief Exec to step down

Chairman of Sri Lanka's NDB Bank, N G Wickremeratne will retire on August 31 and Chief Executive Rajendra Theagarajah ha...

August 26, 2016 1 min read

Sri Lanka's Bank of Ceylon net up 34.8-pct in June

Profits at state-run Bank of Ceylon, the country's largest lender by assets, grew 35.5 percent from a year earlier to Rs...

August 15, 2016 1 min read

The Finance Company in more losses in June quarter

Sri Lanka's The Finance Company Ltd, a troubled non-bank lender of the former Ceylinco Group, lost Rs333 million in the ...

August 14, 2016 1 min read

Sri Lanka Com Bank June quarter net up 23-pct

ECONOMYNEXT – Sri Lanka’s Commercial Bank said June 2016 quarter net profit rose 23% to Rs3.26 billion fro...

August 12, 2016 1 min read

Sri Lanka's NTB net down 12-pct in June

Profits at Sri Lanka's Nations Trust Bank fell 10 percent from a year earlier to Rs685 million in the June 2016 quarter ...

August 12, 2016 2 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 NDB down 6.8-pct in June

Profits at Sri Lanka's National Development Bank fell 6.8 percent from a year earlier to Rs535 million in the June 2016 ...

August 12, 2016 2 min read

Hatton National Bank March profits up 41-pct

Profits at Sri Lanka's Hatton National Bank group rose 41 percent from a year earlier to Rs3.3 billion in the June 2016 ...

August 11, 2016 1 min read

Sri Lanka to appoint experts to draw 'financial city' law

Sri Lanka's cabinet of ministers had given the go-ahead to appoint two experts to draw up a legal and business framework...

August 10, 2016 1 min read

Sri Lanka starts work on finance company bailout fund

Sri Lanka's cabinet of ministers had given the go ahead to start work on an asset management agency to bail out troubled...

August 10, 2016 1 min read

Sri Lanka's Hela Clothing gets IFC export finance facility

Hela Clothing (Pvt) Ltd, a Sri Lanka-based apparel exporter, will be given credit line against accounts receivable from ...

August 9, 2016 1 min read

Sri Lanka's Commercial Bank to sell 5 to 10-year bonds

Sri Lanka's Commercial Bank of Ceylon will sell up to 7.0 billion rupees of 5 and 10 year subordinated bonds, Fitch Rati...

August 4, 2016 1 min read

Sri Lanka's Sampath Bank to seek US$100mn from syndicated loans

Sri Lanka's Sampath Bank will seek up to $100 million of 3-to-5 year funds this year to meet loan demand and supplement ...

August 4, 2016 1 min read

Sri Lanka bank credit falls in April, May

Sri Lanka's credit from the banking system fell to Rs29.3 billion in March and $44.6 billion in May, down from over Rs10...

August 2, 2016 1 min read

Euromoney names NDBIB ‘Sri Lanka’s Best Investment Bank 2016’

ECONOMYNEXT - NDB Investment Bank, which in 2015 raised Rs60 billion in debt and equity capital for its clients, has bee...

August 1, 2016 2 min read

Sri Lanka Alliance Finance, Guardian Acuity offer equity, FD investment plan

ECONOMYNEXT – Sri Lanka’s Alliance Finance PLC and Guardian Acuity Asset Management (GAAM) are offering a ...

August 1, 2016 2 min read