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Friday November 13th, 2026
Banking

Y A Jayathilaka appointed Bank of Ceylon acting CEO

He replaces W P R P H Fonseka.

August 7, 2025 1 min read

Sri Lanka’s PABC Bank net up 71-pct in June 2025 quarter

The bank's impairment cost is down by 55 percent in the quarter

July 31, 2025 2 min read

Sri Lanka's Cargills Bank to raise Rs2.5bn, reduce group stake

Central bank rules require holding to be brought down to 15-pct by 2029

July 31, 2025 1 min read

Sri Lanka's Seylan Bank net up 20-pct in June

Lower provisions net interest income down

July 30, 2025 2 min read
Fitch assigns Union Bank's proposed debt 'BB(lka)' rating

The proposed debentures, which will mature in five years, will be listed on the Colombo Stock Exchange.

Sri Lanka signs World Bank $150 deposit insurance loan

The funds will come from the low-interest International Development Association window

February 2, 2024 1 min read

Sri Lanka's Commercial Bank eyes 20bn debenture sale

The bank is offering debentures at 100 rupees each, for tenures of 5 years, 7 years and 10 years.

January 31, 2024 1 min read

Sri Lanka CB warns against using personal bank accounts for business

CB considering legal action against registered limited liability companies using personal bank accounts for tax evasion

January 23, 2024 1 min read

Sri Lanka CB seeks explanation from banks which have not cut loan rates fast

"There are a lot of banks that have reduced, but not to the extent that we hoped. We are closely monitoring the banks"

January 23, 2024 1 min read

Sri Lanka interest rate volatility, instability, big challenges: bankers

People ask 'what's the year end exchange rate or interest rate? It is something that you don't want to even guess at

Apsara Rodrigo
January 21, 2024 3 min read

Sri Lanka private credit expands in November

Since June, private credit has expanded 248 billion rupees

January 16, 2024 1 min read

Sri Lanka banks say their ISB restructure should be cushioned with SLDB model

ISB restructuring is the single largest short-to-medium term issue the industry is having

Apsara Rodrigo
January 14, 2024 4 min read

Sri Lanka banks to set up business revival units: CB Governor

Business Revival Units in licensed banks to strengthen their role in the recovery of businesses, SMEs, corporates

January 11, 2024 2 min read

Removing Sri Lanka's debt recovery laws will hurt SME loans: CB Governor

Removing parate execution powers and making it less easy to recover loans, will make it difficult for SMEs to get loans

January 10, 2024 1 min read

Sri Lanka CB to issue guidelines on state bank directors

Framework to be developed to strengthen governance of state banks, requiring their Boards to have independent members

January 10, 2024 1 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
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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 eyes "subsidiarisation of foreign banks" in changes to banking law

The Banking (Amendment) Bill is expected to be passed in Parliament in early 2024

January 10, 2024 1 min read

Sri Lanka’s Bank of Ceylon announces debenture issue basis of allotment

Investors who have applied up to 20,000,000 Type A Debentures will be allotted 100% of debentures applied

December 28, 2023 1 min read

Sri Lanka's Bank of Ceylon debenture issue oversubscribed

Issue of 50,000,000 Basel III complaint Tier 2 listed rated unsecured subordinated redeemable debentures oversubscribed

December 27, 2023 1 min read

Sri Lanka banks say parate execution needed to protect depositors

Says banks will end up restricting credit

December 22, 2023 5 min read

Sri Lanka to revise National Savings Bank Act to make bank more competitive

Sections of Act should be revised to extend monitoring, identifying new business opportunities, developing enterprise

December 21, 2023 1 min read

Sri Lanka private credit positive in Oct, Sept CB credit revised down

In September the central bank was hit by large losses

December 18, 2023 1 min read

Sri Lanka's Bank of Ceylon to raise 5bn through debenture issue

Bank of Ceylon plans to issue BASEL III compliant debentures with non-viability write down features, to raise 5bn rupees

December 15, 2023 2 min read

Sri Lanka CB committed to ending interest controls ASAP: IMF report

The CBSL is committed to eliminating the interest rate caps as soon as possible

December 13, 2023 2 min read

Sri Lanka to strengthen deposit insurance with World Bank funds

The World Bank will provide 150 million US dollars as a loan for Sri Lanka's deposit insurance scheme

Nethmi Rajawasam
December 6, 2023 1 min read

Sri Lanka banks seek exceptions on single borrower limits for dollar placements

Banks have seen a sharp reversal in net foreign assets over the past year

December 6, 2023 3 min read