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Friday November 13th, 2026
Banking

Sri Lanka planning bad-debt authority for parate execution nod: Justice Minister

We believe that there should be an intermediate regulatory authority

February 28, 2024 3 min read

Jayamin Pelpola appointed to Sri Lanka's BOC board

Jayamin Pelpola, a fintech entrepreneur and investor, appointed to board of Bank of Ceylon as non-executive director

February 27, 2024 1 min read

Sri Lanka to give Rs20bn in SME loans with ADB support

20 billion rupee loans scheme for small and medium enterprises hit by an economic crisis

February 27, 2024 1 min read

Sri Lanka to halt auction of bank loan collateral till Dec 15

A sufficient grace period to pay off relevant debts without being a burden to the banking system should be allowed

February 27, 2024 1 min read
Sri Lanka NDB Bank net up 144-pct on lower bad loans

The Bank sees renewed credit growth this year

Sri Lanka Commercial Bank net up 38-pct in March quarter

Loans and advances grew 7.7 percent to 1,530 billion rupees

Sri Lanka regulatory sandbox open for fintech experiments: Central Bank

Sri Lanka's central bank has unveiled a regulatory sandbox to run innovative fintech experiments which can be released t...

Tania Madies
March 12, 2020 2 min read

Sri Lanka banks should invest in fintech start ups: senior banker

Sri Lanka's banks and financial institutions are not doing enough to sponsor and promote fintech start ups, veteran bank...

March 11, 2020 1 min read

Sri Lanka Angel Fund to back start-ups in underserved areas

A newly set up Angel Fund will support start-ups across Sri Lanka helping entrepreneurs in underserved regions with both...

March 11, 2020 2 min read

Sri Lanka bank credit to state surge in January 2020, private loans muted

Sri Lanka' credit to government from commercial banks had surged to 147.8 billion rupees in January 2020, up from 34.4 b...

March 10, 2020 2 min read

Sri Lanka central bank in talks with accounting body over NPL treatment from moratorium

Sri Lanka's central bank is engaged in discussions with the Institute of Chartered Accountants (CA Sri Lanka) over provi...

March 6, 2020 2 min read

Sri Lanka's Union Bank expects credit pick-up after polls

Sri Lanka’s Union Bank is expecting loan growth to pick up in 2020 after upcoming general elections, as the country em...

March 4, 2020 2 min read

Tax cuts boost Sri Lanka's Bank of Ceylon profits in Dec

State-owned Bank of Ceylon (BoC), Sri Lanka's largest lender, posted 10.63 billion rupee profit for the December quarter...

March 2, 2020 2 min read

Sri Lanka finance companies pressured by capital needs as bad loans rise: Fitch

Sri Lanka's finance and leasing companies are under pressure to raise capital and regulatory thresholds rise and bad loa...

March 2, 2020 2 min read

Uberising Banks

A year since launching Moneyworkz. lk in 2018, an online banking aggregator that uses data analytics to match customers ...

Devan Daniel
March 1, 2020 8 min read

Sri Lanka's Union Bank profits rise in Dec on lower bad loan provisions

Profits at Sri Lanka’s Union Bank of Colombo (UBC) group grew 111 percent to 196 million rupees in the December quart...

February 28, 2020 2 min read
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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

Sri Lanka's Nations Trust Bank net up 49-pct in Dec quarter

Profits at Lanka's Nations Trust Bank rose 49 percent to 1.1 billion rupees in broadbased gains in stable fund and fee b...

February 28, 2020 2 min read

Sri Lanka bank impairments to grow on loan moratorium

Sri Lanka's banking industry would have to brace for a growth in provisioning for bad loans (impairments) as credit gets...

Chandeepa Wettasinghe
February 28, 2020 3 min read

Sri Lanka's Commercial Bank expects 10-12 pct credit growth in 2020

Sri Lanka's largest listed lender Commercial Bank of Ceylon Plc, is expecting its loan book to grow by 10-12 percent in...

Chandeepa Wettasinghe
February 27, 2020 3 min read
1

Sri Lanka's Hatton National Bank Dec profits grow on tax cut

Hatton National Bank Plc, the second largest listed lender, posted net profits of 6.26 billion for the December quarter,...

February 25, 2020 2 min read

Sri Lanka's Seylan Bank profits up in Dec after gratuity charge in 2018

Net profits at Sri Lanka's Seylan Bank Plc group grew 80.78 percent to 1.18 billion rupees from a year earlier despite t...

February 25, 2020 2 min read

Sri Lanka to stop rupee interbank offered rates from July

Sri Lanka's central bank said it will stop compiling offered rates, a forward looking interest rate compiled with market...

February 25, 2020 2 min read

Sri Lanka's DFCC Bank profits halve on bad loans, interest costs

Net profits at Sri Lanka's DFCC Bank Plc fell 54 percent to 516.14 million rupees in the December quarter on higher inte...

February 24, 2020 2 min read

Asian Development Bank appoints Chen Chen as new Sri Lanka country director

Manila-based Asian Development Bank said it has appointed Chen Chen, a Chinese national who has been with the lender sin...

February 24, 2020 1 min read

Sri Lanka's Commercial Bank profits inch up in Dec on lower income tax charge

Commercial Bank, Sri Lanka's largest listed lender in assets, said profits for the December quarter grew 1.11 percent to...

February 24, 2020 2 min read

Sri Lanka banks to launch request to pay services shortly

At least two Sri Lanka banks will launch request to pay services shortly, a new technology that makes it much easier for...

Tania Madies
February 23, 2020 3 min read