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Friday November 13th, 2026
Banking

Sri Lanka's HNB to raise upto Rs12bn in debenture issue

120 million debentures at 100 rupees each to raise Rs12 billion

August 12, 2024 1 min read

Sri Lanka's DFCC cuts ISB holdings, reverses provisions

Provision reversals exceeds losses

August 11, 2024 2 min read

Sri Lanka private credit expands in first half, govt credit eases

Credit to state enterprises declined by 60 billion rupees in first six months

July 28, 2024 1 min read

Fitch confirms 'A-(lka)' domestic rating of National Development Bank Plc

Fitch affirmed NDB's rupee denominated proposed and outstanding subordinated debt at 'BBB(EXP)(lka)' and 'BBB(lka)'

July 25, 2024 5 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

Sri Lanka to start directed lending, ceiling 7-pct rate for wage earner housing loans

Sri Lanka will start directed lending under the policy of the current administration and will mandate a ceiling 7 percen...

November 26, 2020 2 min read

Sri Lanka gets US$165mn credit from ADB for Covid-19 hit small biz

Manila-based Asian Development Bank said it is giving a 165 million US dollar credit to Sri Lanka to support Coronavirus...

November 26, 2020 2 min read

Sri Lanka bank - finance company mergers could deny credit to some borrowers: Fitch

A proposal in Sri Lanka's budget for 2021 to merger finance and leasing companies with their parents will result in cust...

November 24, 2020 5 min read

Sri Lanka to make banks buy finance company units, give tax credits

Sri Lanka will make finance companies owned by banks merge and where larger finance companies own smaller ones they will...

November 22, 2020 2 min read

Sri Lanka's Nations Trust Bank net up 20-pct in Sept quarter

Profits at Sri Lanka’s NTB Banknet profits grew 20 percent to 1.3 billion rupees in the September 2020 quarter from a ...

November 16, 2020 2 min read

Sri Lanka’s Seylan Bank net down 42-pct

Profits at Sri Lanka’s Seylan Bank fell 42 percent from a year ago to 624 million in the September 2020 quarter as loa...

November 16, 2020 2 min read

Sri Lanka's NDB Bank net up 31-pct in Sept 2020

Profits at Sri Lanka’s NDB Banknet profits grew 31 percent to 1.5 billion rupees in the September 2020 quarter from a ...

November 14, 2020 2 min read

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

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

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...

Imesh Ranasinghe
November 12, 2020 1 min read
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US Dollar 332.3603 330.8514
UK Pound 440.9424 438.3450
Euro 368.4879 371.0168
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Turnover Rs 2975.05 million 1193.67 million
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6-m bill 7.91 8.26
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8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
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Source: Central Bank/Indicative

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

Sri Lanka private credit up, state credit surge in September 2020

Sri Lanka's private credit grew by 87.4 billion rupees in September 2020, expanding for the second month in a row, short...

November 9, 2020 2 min read

Sri Lanka extends grace period for Covid-19 re-finance loans by 3-months

Sri Lanka has extended the grace period of Covid-19 relief loans given at 4 percent to 9 months from the date of grantin...

November 6, 2020 2 min read

Sri Lanka banks to drop IMF, World Bank forecasts for loss calculation

Sri Lanka banks have been given more discretion in assessing firms ability to repay loans which had already been re-stru...

November 2, 2020 3 min read

India's Axis Bank exits Sri Lanka

India's Axis Bank has been given the approval to close its operations in Sri Lanka's capital Colombo and exit the countr...

October 30, 2020 1 min read

India's ICICI Bank exits Sri Lanka

India's ICICI Bank Limited has been given approval to close down its business in Sri Lanka's capital Colombo, the island...

October 23, 2020 1 min read
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Sri Lanka's Softlogic Finance to raise Rs1.9bn from cash call

Sri Lanka's Softlogic Finance, a licensed non-bank lender said it had received the nod from the Colombo Stock Exchange t...

October 21, 2020 1 min read

Sri Lanka finance companies hit by Coronavirus, import controls: Fitch

Sri Lanka's finance and leasing companies (FLCs) would be hurt further from the risk of a 'second wave' of Coronavirus w...

October 21, 2020 3 min read

Sri Lanka's DIMO, NTB link up finance pre-owned Mercedes, Jeep cars amid import controls

Dimo, the agents for Mercedes-Benz and Jeep in Sri Lanka said it was teaming up with Nations Trust Bank to help lease bo...

October 18, 2020 2 min read

Sri Lanka offers to convert Coronavirus high yield forex accounts to standard rates

Sri Lanka will be given an opportunity for special deposit (SDA) forex accounts introduced in April 2020 amid Coronaviru...

October 7, 2020 1 min read