An Echelon Media Company
Friday November 13th, 2026
Banking

Sri Lanka’s Bank of Ceylon raises Rs15bn in debenture issue

The debentures were issued at 100 rupees each to raise 5 billion, with an option to issue a further tranches

September 13, 2024 1 min read

Sri Lanka unit of MCB Bank rated 'AA-(lka)' by Fitch, outlook stable

Fitch Ratings has assigned MCB Bank Limited - Sri Lanka Branch (MCBSL) a first-time National Long-Term Rating of 'AA-(lk

September 12, 2024 3 min read

Three foreign parties in talks for offshore banking in Sri Lanka's Port City

Six local banks already approved, seven others have applied

September 11, 2024 2 min read

Sri Lanka's UB Finance 'BB(lka) rating confirmed, outlook revised to negative: Fitch

The revision in UBF 's Outlook stems from similar action on its parent, Union Bank of Colombo PLC

September 11, 2024 4 min read
Sri Lanka private credit continues blistering expansion in July with Rs201bn

redit to government Rs188.7bn up to July compared to Rs901bn private credit

Sri Lanka speaker endorses Samurdhi, rubber control bills

Samurdhi bill strengthens financial accountability within community-based banks and banking socities

Sri Lanka failed finance company depositors to Rs9.8bn extra after insurance increased

Depositors of failed Sri Lanka finance companies will get 9.8 billion rupee more with the ceiling on deposits qualified ...

March 19, 2021 2 min read
2

Sri Lanka Savings Bank '[SL] BBB-' rating confirmed by ICRA

ECONOMYNEXT - State-run Sri Lanka' Savings Bank's '[SL] BBB-' domestic rating has been confirmed by ICRA Lanka, a rating...

March 17, 2021 6 min read

Sri Lanka to appoint foreclosure ombudsman, change mortgage laws: PM

Sri Lanka's Prime Minister Mahinda Rajapaksa has ordered that an ombudsman be appointed to review sales of assets given ...

March 16, 2021 2 min read

Sri Lanka extends debt moratorium on passenger transport vehicles

Sri Lanka has extended a moratorium on buses, school vans and three wheeler for a further six months from April 01, on r...

March 15, 2021 3 min read
2

Sri Lanka finance companies loan growth to slow, bad loans to rise

Sri Lanka's finance and leasing companies are likely to see weak loan growth and high bad loans amid a Coronavirus pande...

March 14, 2021 3 min read

Sri Lanka Coronavirus vaccines financed by HSBC-People's Bank trade loan

HSBC Sri Lanka said it had provided a trade loan to state-run People's Bank to import 500,000 Coronavirus vaccines to th...

March 10, 2021 1 min read

Sri Lanka's Peoples Bank gives credit relief to 480,000 customers, new credit

Sri Lanka's state-run People's Bank group said it had given relief to 480,000 customers amid a Coronavirus pandemic and ...

March 10, 2021 3 min read

Sri Lanka's Union Bank net down amid higher provisions

Profits at Sri Lanka's Union Bank fell 75 percent to 48 million rupees as net interest income fell and higher loan loss...

March 7, 2021 2 min read

Norfund to invest in Sri Lanka's National Development Bank

Sri Lanka's National Development Bank said Norway-based development lender Norfund will invest up to 9.9 percent by taki...

March 5, 2021 1 min read

Sri Lanka state banks see 'unsustainable' growth, high SOE finance: Fitch

Sri Lanka's state banks have seen high balance sheet growth with large exposures to state and state enterprises amid sov...

March 5, 2021 3 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

HSBC Sri Lanka sees surge in digital transactions amid Coronavirus

HSBC Sri Lanka said there was a 117 percent growth in fund transfers over its digital platforms and 75 percent of custom...

March 2, 2021 2 min read

Opposition complains to regulator, People's Bank chief says followed procedure

The main opposition Samagi Jana Balavegaya (SJB) has lodged a complaint against the head of People’s Bank for granting...

March 1, 2021 2 min read
1

Sri Lanka SOE, govt credit surge in Jan 2021, private down

Sri Lanka's credit to government and state enterprises surged in January 2021 but private credit fell, official data sho...

March 1, 2021 2 min read

Sri Lanka's Seylan Bank net down 28-pct in Dec quarter

Profits at Sri Lanka's Seylan Bank group fell 28 percent from a year ago to 841 million rupees in the December 2020 quar...

February 28, 2021 1 min read

Sri Lanka's NTB net down 19-pct in Dec 20 quarter

Profits at Sri Lanka's Nations Trust Bank fell 19 percent from a year ago to 946 million rupees in the December 2020 qu...

February 28, 2021 2 min read

China's AIIB clears US$180mn Covid-19 credit for SMEs: Sri Lanka embassy

China's Asian Infrastructure Investment Bank (AIIB) has cleared a 180 million dollar credit for Coronavirus hit small an...

February 27, 2021 1 min read

Sri Lanka allows 80-pct financing of used cars amid import controls

Sri Lanka has raised a ceiling on loan to value ratios allowing non-bank finance companies to provide a higher share of ...

February 27, 2021 2 min read

Sri Lanka's Commercial Bank profits flat amid higher provisions

Profits at Sri Lanka's Commercial Bank of Ceylon was flat at 5.8 billion rupees in the December 2020 quarter as increase...

February 25, 2021 2 min read

Sri Lanka's Pan Asia Bank net up 10-pct in Dec 20 quarter

Profits at Sri Lanka's Pan Asia Bank grew 10 percent to 797 million rupees in the December 2020 quarter amid strict cost...

February 21, 2021 2 min read

Sri Lanka's Sampath Bank net down 34-pct in Dec 2020

Profits at Sampath Bank fell 34.1 percent to 3.2 billion rupees in the December 2020 quarter from a year earlier amid a ...

February 20, 2021 2 min read