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Friday November 13th, 2026
Banking

Sri Lanka Port City offshore banking regulations within two months: Minister

The banking regulations remains to be approved by parliament

May 13, 2024 2 min read

Sri Lanka Central Bank in push to tighten SIM re-issue over mobile banking scam

The central bank together with banks are tightening security on an ongoing basis

May 10, 2024 3 min read

Sri Lanka parliament passes law to delay foreclosed assets

The changes to the Recovery of Loans by Banks (Special Provisions) (Amendment) Bill seeks to delay 'parate execution'

May 7, 2024 1 min read

Sri Lanka mobile banking users warned of phone hi-jacking scam

This action grants scammers complete access to the mobile device, enabling them to control it remotely

May 7, 2024 3 min read
Sri Lanka defaulted SMEs given more relief, collateral sale option

Following discussions with the government a new circular had been issued by the central bank

Sri Lanka banks financing Indian firms with excess dollar balances

And in the last three months or six months, we have done a substantial number of transactions in India

Sri Lanka’s COVID-19 relief loan schemes hit by credit risks

Sri Lanka's small businesses are finding it difficult to get credit from government-subsidized loan schemes where credit...

Mahadiya Hamza
June 17, 2020 6 min read

Sri Lanka to start more credit schemes with 1.0-pct central bank money

Sri Lanka's central bank said it will issue more new money to banks at 1.0 percent to give loans under credit schemes wh...

June 16, 2020 3 min read
1

Sri Lanka bank forex funding pressures, bad loans to rise after Covid-19: Fitch

Bad loans in Sri Lanka's banks will worsen after a Coronavirus pandemic, pressure on foreign loan funding could intensif...

June 16, 2020 2 min read

Sri Lanka private credit tumbles in April 2020, more money printing

Sri Lanka's private credit has tumbled in April 2020 to 13.4 billion rupees from a spike to 120 billion rupees in March ...

June 15, 2020 3 min read

Sri Lanka leasing firms say three-wheeler chief's killing linked to unauthorized lender

An association representing Sri Lanka's registered leasing and finance companies said a recent killing of a head of thr...

June 13, 2020 3 min read

Sri Lanka President orders police to halt seizing of defaulted lease assets

Sri Lanka's President Gotabaya Rajapaksa has ordered police to stop leasing companies from re-posseing defaulted leases ...

June 13, 2020 3 min read

President warns Bankers he will remove those who do not follow government guidelines and “fall in ...

President Gotabaya Rajapaksa is saying that the government is facing criticism that the banking system has not passed do...

June 12, 2020 2 min read

Sri Lanka financial system strong, will prosecute those spreading wrong information: CB Governor

Sri Lanka's banking system is strong despite a rise in bad loans and the central bank will use all tools to maintain fin...

June 7, 2020 7 min read

Standard Chartered Sri Lanka finances MAS group to make Covid-19 face masks for US

Standard Chartered Sri Lanka said it had provided an 11 million US dollar credit from a concessionary Covid-19 facility ...

June 7, 2020 2 min read

Sri Lanka CB to pay Rs600,000 to The Finance depositors from June 07

Sri Lanka's Central Bank said compensation payments up to 600,000 rupees to depositors of the failed The Finance Company...

June 4, 2020 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 332.5018 332.3603
UK Pound 440.0661 440.9424
Euro 367.7137 368.4879
Yen 2.0793 2.0805
Aus Dollar 226.4670 227.4342
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5357 3.5474
Korean Won 0.2494 0.2492
Oman Rial 863.5962 863.2287
Saudi Riyal 88.5939 88.5586
UAE Dirham 90.5259 90.4874
Source: Central Bank/Indicative
pts %
S&P SL20 6,293.72 -1.13%
CSE All Share 22,024.18 -0.60%
Turnover Rs 3232.70 million 2975.05 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

IFC gives Sri Lanka bank US$50mn from Covid-19 emergency facility

Washington-based International Finance Corporation, a unit of World Bank said it had approved a 50 million US dollar cr...

May 31, 2020 2 min read

Sri Lanka's Coronavirus hit SME exporters to get 8-pct loans from Commercial Bank

Sri Lanka's Commercial Bank of Ceylon said it would provide a total of 10 billion rupees in loans to Coronavirus hit sma...

May 31, 2020 2 min read

Sri Lanka mulls giving more relief to finance company depositors: Minister

A meeting of Central Bank and Treasury officials have been called to look for ways to provide more relief to depositors ...

May 28, 2020 1 min read
1

Sri Lanka to liquidate The Finance Company, license cancelled: Central Bank

Sri Lanka's central bank said it had cancelled the operating license of The Finance Company Plc, a non-bank lender of th...

May 22, 2020 3 min read
3

Sri Lanka HNB group March net up 57-pct helped by forex profits, tax cuts

Sri Lanka's Hatton National Bank, which controls an insurer, said profits grew 57 percent to 3.0 billion rupees in the M...

May 20, 2020 2 min read

Sri Lanka's Nations Trust Bank net up in March, warning on moratorium impact

Profits at Sri Lanka's Nations Trust Bank grew 24 percent to 959 million rupees in the March 2020 quarter from a year ea...

Chanka Jayasinghe
May 20, 2020 3 min read

Sri Lanka money printing, bank credit break records in March 2020 currency fall

Sri Lanka's central bank credit (printed money) broke records in March 2020 sending helping private and state credit soa...

May 18, 2020 3 min read
2

Sri Lanka's Commercial Bank net up 20-ct in March on forex gains

Profits at Commercial Bank of Ceylon, Sri Lanka's largest private bank by assets grew 20 percent to 3.76 billion rupees ...

May 16, 2020 2 min read

Sri Lanka President asks banks to give subsidized credit to identified sectors

Sri Lanka's President Gotabaya Rajapaksa has asked banks to give concessionary credit to identified sectors, his office ...

May 15, 2020 5 min read

Sri Lanka banks allowed to count overdue SOE credit, EPF cover bad loans as liqudi assets

Sri Lanka has eased liquid asset rules for banks until June 30, 2021 as the island battles a Coronvirus crisis, allowing...

May 14, 2020 1 min read