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Wednesday December 7th, 2022
Banking

Hatton National Bank profits flat in Sept 2020 quarter

Profits at Sri Lanka's Hatton National Bank group, which also has an insurance unit was flat at 3.46 billion rupees in t...

November 13, 2020 2 min read
3

Sri Lanka's Commercial Bank net down 25-pct amid bond gain cushion

Sri Lanka's Commercial Bank of Ceylon Plc, the island's largest private lender said profits in the September 2020 quart...

November 13, 2020 2 min read
3

Sri Lanka pawning loans grew 11-pct to Rs237bn by Sept 2020: Minister Cabraal

Sri Lanka pawning (gold-backed loans) credit from the banking system had grown by 27 billion rupees 237 billion rupees i...

November 12, 2020 1 min read
3

Sri Lanka Covid-19 debt moratorium extended till April 2021

Sri Lanka has extended a debt moratorium given to customers of banks and finance companies from October 01, 2020 to Marc...

November 11, 2020 1 min read
3

Sanasa Development Bank buys Sri Lanka mobile payment start-up Upay

ECONOMYNEXT – Sri Lanka’s Sanasa Development Bank (SDB) has bought the UPay mobile payment platform for 20...

June 10, 2019 1 min read

Prime lending rate in Sri Lanka drops 38-bp in a week

Sri Lanka's average prime lending rate has dropped 38 basis points in the week to June 07, the central bank data showed,...

June 10, 2019 3 min read

Sri Lanka CB may build Chinese wall between EPF and bank supervision

Sri Lanka's central bank may consider further steps to reduce perceptions of conflicts of interest in bank regulation an...

Chandeepa Wettasinghe
June 6, 2019 2 min read

Global terror finance watchdog delays Sri Lanka exam after Islamist attacks

ECONOMYNEXT- The Financial Action Task Force, the global policy setter on anti-money laundering and anti-terrorism finan...

June 3, 2019 1 min read

Sri Lanka govt widens low interest loan schemes

ECONOMYNEXT – The Sri Lankan government has widened a credit scheme at subsidized interest rates to promote entre...

May 31, 2019 2 min read

Sri Lanka PABC net down 13-pct in March; loans contract

Profits at Sri Lanka's Pan Asia Bank fell 13 percent from a year earlier to 272 million rupees in the March 2019 quarter...

May 20, 2019 1 min read

Sri Lanka mulls 25-pct ownership limit in finance companies

Sri Lanka's central bank will be introducing a 25 percent ownership limit in licensed finance companies (LFCs) following...

May 17, 2019 2 min read

Sri Lanka Bank of Ceylon net down 12-pct in March; balance sheet shrinks

Profits at Sri Lanka's state-run Bank of Ceylon, the country's largest commercial bank fell 12 percent in the March 2019...

May 16, 2019 1 min read

Sri Lanka's Sampath Bank profits down 24-pct; balance sheet contracts

Profits at Sri Lanka's Sampath Bank fell 24.6 percent to 2.11 billion rupees in the March 2019 quarter from a year earli...

May 15, 2019 1 min read

Sri Lanka's HNB profits down 55-pct in March, credit flat

Profits at Sri Lanka's Hatton National Bank fell 55 percent to 1.94 billion rupees in the March 2019 quarter from a year...

May 15, 2019 2 min read
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Latest Last
US Dollar 371.7757 371.7599
UK Pound 442.7119 438.8584
Euro 387.1945 385.3880
Aus Dollar 253.0234 251.0798
Yen 2.6686 2.6603
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4818 4.4863
Korea Won 0.2748 0.2747
Oman Rial 944.1068 944.1068
Saudi Riyal 96.7270 96.7115
UAE Dirham 98.9627 98.9627
Source: Central Bank/Indicative
pts %
S&P SL20 2,464.20 -3.19%
CSE All Share 8,087.04 -2.47%
Turnover Rs million 1,626,658,918 1,576,314,848
Source: CSE
Latest Last
3-m bill 31.03 31.03
6-m bill 29.57 29.60
12-m bill 28.41 28.41
5-yr bond 27.49 27.57
8-yr bond 27.44 27.23
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka regulator extends curbs on The Finance Co

ECONOMYNEXT - Sri Lanka's Central Bank said it will extend a ban preventing The Finance Company (TFC), a troubled non-ba...

May 15, 2019 1 min read

Sri Lanka's Commercial Bank net down 23-pct; loans contract

Profits at Commercial Bank of Ceylon, Sri Lanka's largest privately held bank, fell 23 percent to 3.129 billion rupees i...

May 15, 2019 2 min read

Sri Lanka private credit weak in March

Loans to the private borrowers from commercial bank in Sri Lanka picked was 23 billion rupees in March 2019, sharply bel...

May 13, 2019 2 min read

Sri Lanka mulls possible relief for leased vehicles used in tourism

Sri Lanka is considering a request made to give debt relief for owners of leased vehicles used in tourism, State Ministe...

May 10, 2019 1 min read

Sri Lanka's Rs53B deposit insurance fund grows 7-pct in 2018

ECONOMYNEXT - Sri Lanka's Central Bank said a deposit insurance fund it manages has grown 7 percent from a year earlier ...

May 3, 2019 2 min read

Sri Lanka ETI directors' assets being sold to repay depositors: Central Bank

ECONOMYNEXT – Assets of directors of ETI Finance Ltd. (ETIF) are being sold to repay depositors, with 20 percent ...

May 2, 2019 2 min read

Sri Lanka details price controls on bank deposits up to June 30

Sri Lanka's Central Bank has set interest ceilings for bank deposits for the quarter ending June 30, on a base rates for...

April 30, 2019 2 min read

Sri Lankan banks cut deposit rates

ECONOMYNEXT - Sri Lanka's listed private banks have reduced deposit rates after the Central Bank directed banks and fina...

Tania Madies
April 29, 2019 2 min read

Sri Lanka's NTB to get IFC backed US$50mn syndicated loan

Washington-based International Finance Corporation said it is planning to syndicate a 50 million US dollar loan for Sri ...

April 20, 2019 1 min read

Sri Lanka private credit barely grows in Feb 2019, currency peg strong

Sri Lanka's private credit barely grew in February 2019, though no longer contracting like in January 2019, while new cr...

April 16, 2019 5 min read