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Friday November 13th, 2026
Banking

Sri Lanka's Commercial Bank Dec net down on tax provisions

Pre-tax profits were Rs8.89bn Rs2.4bn but after tax profits were down amid a reversal

February 24, 2024 1 min read

Sri Lanka to halt parate execution of defaulted SME bank loans: Minister

Cabinet paper next week

February 21, 2024 2 min read

Sri Lanka private credit surge Rs97bn in Dec 2023

From June 2023, outstanding private credit went up by 345.7 billion rupees

February 5, 2024 2 min read

Sri Lanka transfers balance CPC forex crisis bank debt to government

State-run banks gave billions of dollar loans to the CPC as forex shortages emerged from inflationary rate cuts

February 5, 2024 4 min read
Sri Lanka's Sampath Bank net up 149-pct in March quarter

Sampath Bank made forex gains and capital gains on rupee bonds

Sri Lanka private credit expands by a trillion rupees in year to March

Sri Lanka's private credit has expanded by 173 billion rupees to March

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
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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
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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

Sri Lanka's Pan Asia Bank profits surge in Dec on bad loan recovery

Net profits at Sri Lanka's Pan Asia Banking Corporation Plc (PABC) grew 58 percent to 726.8 million rupees in the Decemb...

February 20, 2020 2 min read

Sri Lanka's Hatton National Bank expects 12-14-pct credit growth in 2020

Sri Lanka's Hatton National Bank is expecting 12-14 percent loan growth in 2020 as the banking system recovers from a cr...

February 20, 2020 2 min read

Sri Lanka's NDB profits grow in Dec on lower income tax

Sri Lanka's NDB Bank said net profits for the December quarter grew 3.8 percent from a year earlier to 1.8 billion rupee...

February 19, 2020 2 min read

Sri Lanka banks trading at 10-yr low valuations: analysts

Sri Lankan banks are trading at a ten year low valuation, with upward pressure on performance after a challenging 2019, ...

February 18, 2020 3 min read

Sri Lanka's HNB Finance IPO oversubscribed

Sri Lanka's HNB Finance Limited, said it has received applications in excess of the 57 million rupees in shares the comp...

February 17, 2020 1 min read

Sri Lanka's central bank extends Pan Asia primary dealer ban for six months

Sri Lanka's central bank said it will extend the ban on the primary dealership arm of Pan Asia Banking Corporation (PABC...

February 17, 2020 1 min read

Sri Lanka's Bank of Ceylon, Mobitel team up to push digital mobile payments

Sri Lanka state-run Bank of Ceylon, Mobitel (Pvt) Ltd, a unit of Sri Lanka Telecom, said they have tied up to provide di...

Chanka Jayasinghe
February 16, 2020 2 min read

Sri Lanka bank profits to lift on SLDB tax relief

Domestic commercial banks which held dollar denominated bonds issued by the government of Sri Lanka will see higher prof...

Chandeepa Wettasinghe
February 14, 2020 3 min read

Sri Lanka's Sampath Bank pays big dividend after D-SIB rule change, net up in Dec

Sampath Bank, the third largest listed lender in Sri Lanka, said its profits for the December quarter grew 29.4 percent ...

February 14, 2020 2 min read

Sri Lanka warned against continuing interest price controls by IMF

Sri Lanka has been warned against continuing its controversial price controls on bank lending rates by the International...

February 10, 2020 3 min read