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Sunday December 10th, 2023

Sri Lanka banks that borrow to buy sovereign bonds face increased risk: Fitch

Refinancing risks are elevated

June 23, 2021 4 min read

Sri Lanka banks to provide essential services during Covid-19 lockdown: Central Bank

Publish notices informing the general public how essential banking services can be obtained

June 8, 2021 2 min read

Sri Lanka's private banks close amid COVID-19 lockdown; online services to continue

Banks have advised consumers to use 24-hour online services for their urgent banking needs

June 7, 2021 1 min read

Kenneth de Zilwa appointed Chairman of Lanka Clear

Central Bank Governor W D Lakshman had appointed de Zilwa for a period of three years

June 3, 2021 1 min read
Sri Lanka banks to be re-capitalized based on diagnostic study: Deputy Governor

And based on the final outcome capitalization will also take place

Sri Lanka plans deposit interest caps, more price controls: President

Limits will be imposed on deposit rates to reduce interest rates

Sri Lanka’s NDB Sept quarter net profit flat at Rs1.1bn

Profits at Sri Lanka’s National Development Bank (NDB) were almost flat at 1.1 billion rupees in the September 2019 qu...

November 14, 2019 2 min read

Sri Lanka Finance and Leasing firm ratings under pressure: Fitch

The ratings of finance and leasing companies will face downward pressure amid a slowing economy and rising bad loans, Fi...

November 14, 2019 2 min read

Sri Lanka's private credit up in September 2019

Sri Lanka's private credit grew 53.7 billion rupees in September 2019, with the central bank printing 23.9 billion rupee...

November 13, 2019 2 min read

Taxes hit Sri Lanka's Sampath Bank Sept profits

Net profits at Sri Lanka's Sampath Bank for the September quarter fell 0.7 percent to 2.6 billion rupees with taxes eati...

November 8, 2019 2 min read

HSBC digital trade banking offers early payment for Sri Lanka suppliers

HSBC is offering a web-based supply chain finance platform initially targeting Sri Lanka apparel exporters that the ban...

November 7, 2019 2 min read

Sri Lanka's Pan Asia bank profits grow in Sept with lower bad loan provisions

Net profits at Sri Lanka's Pan Asia Banking Corporation (PABC) for the September quarter grew 4 percent from a year earl...

November 6, 2019 2 min read

Sri Lanka's Seylan Bank Sept net marginally up with lower income tax charge

Sri Lanka's Seylan Bank's net profits grew by a marginal 0.53 percent to 1.04 billion rupees in the September quarter wi...

November 1, 2019 2 min read

Moody's confirms B2/NP rating of Sri Lanka's Bank of Ceylon, HNB, Sampath Bank

Moody's Investors Service has confirmed the at B2/NP ratings of three Sri Lankan banks, Bank of Ceylon (BOC), Hatton Nat...

October 31, 2019 4 min read

Sri Lanka to publish national financial inclusion survey in 2019

Sri Lanka will be publishing the results of a financial inclusion survey to understand how businesses access funds, Cent...

October 28, 2019 2 min read

Sri Lanka Peoples' Leasing and Finance net up 10-pct

Profits at Sri Lanka's Peoples' Pleasing and Finance group, the country's largest non-bank lender which also has an ins...

October 28, 2019 1 min read
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Latest Last
US Dollar 330.2942 315.1016
UK Pound 429.0139 401.1871
Euro 372.1704 343.1959
Aus Dollar 227.2526 211.5951
Yen 2.3820 2.1908
Source: Central Bank/Indicative
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pts %
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CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
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3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka central bank cancels licence of The Finance Co.

Sri Lanka's central bank said it had decided to cancel the license of The Finance Company with effect from 23rd October ...

October 23, 2019 2 min read

Sri Lanka taken off FATF grey list: Central Bank

Sri Lanka has The Financial Action Task Force (FATF), a a global anti-money laundering body has taken the island off its...

October 22, 2019 1 min read

Sri Lanka's Bank of Ceylon outlook on [SL] AAA rating cut to negative by ICRA

The outlook on the top [SL]AAA rated state-run Bank of Ceylon has been cut to negative from stable by ICRA Lanka, a rati...

October 18, 2019 9 min read

Rabobank, Dutch govt to fund Sri Lanka vocational school, rural bridges

Dutch government to cover 25-pct of the cost from a grant.

October 16, 2019 1 min read

Commercial Bank gets Proparco funds for Sri Lanka SMEs

Proparco, a unit of French aid agency Agence Française de Développement (AFD), is providing 25 million US dollars to ...

October 13, 2019 1 min read

Sri Lanka banks told to design innovative loan schemes for entrepreneurs

Sri Lankan banks should help spur development, supporting fina cial literacy and designing suitable lending schemes for ...

October 9, 2019 2 min read

Sri Lanka private credit positive in August, state credit expands

Sri Lanka's private credit expanded by 22.2 billion rupees in August 2019, and credit to government had expanded 47.9 b...

October 7, 2019 2 min read

Citibank Sri Lanka 'AAA(lka)' rating confirmed with zero bad loans

Fitch Ratings has confirmed an 'AAA(lka)' given to Sri Lanka's Citibank branch, which has zero bad loans from 2009.

October 4, 2019 3 min read

Standard Chartered Bank, Sri Lanka unit, rating confirmed at 'AAA(lka)'

Fitch Ratings has confirmed an 'AAA(lka)' rating with a stable outlook given to the Sri Lanka branch of Standard Charter...

October 4, 2019 3 min read

Sri Lanka's Serendib Finance to get capital from parent, 'A+(lka)' rating confirmed

Fitch Ratings has confirmed an 'A+(lka)' rating of Serendib Finance Limited, a finance company controlled by 'AA(lka) ra...

October 1, 2019 2 min read
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