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Friday November 13th, 2026
Banking

Sri Lanka interest rate volatility, instability, big challenges: bankers

People ask 'what's the year end exchange rate or interest rate? It is something that you don't want to even guess at

January 21, 2024 3 min read

Sri Lanka private credit expands in November

Since June, private credit has expanded 248 billion rupees

January 16, 2024 1 min read

Sri Lanka banks say their ISB restructure should be cushioned with SLDB model

ISB restructuring is the single largest short-to-medium term issue the industry is having

January 14, 2024 4 min read

Sri Lanka banks to set up business revival units: CB Governor

Business Revival Units in licensed banks to strengthen their role in the recovery of businesses, SMEs, corporates

January 11, 2024 2 min read
Financial institution contribution to Sri Lanka’s sustainability targets insufficient: CB

Sustainable Finance Roadmap 2.0 published by central bank, with the International Finance Cooperation and EU

Sri Lanka's ComBank opens rep office in UAE's DIFC

This enhances our ability to support cross-border clients, and drive long-term growth in the Middle East

Sri Lanka bank credit, state borrowing surge in Dec 2019

Sri Lanka's credit from the banking system to the central government and state enterprises had surged in December, while...

February 5, 2020 2 min read

Sri Lanka banks met lending rate ceiling a week from 2019 deadline: Deputy Governor

All commercial banks operating in Sri Lanka had complied with ceiling rates set by the central bank for a December 2019...

January 30, 2020 1 min read

Sri Lanka extends deadline for SME debt moratorium

Sri Lanka's central bank will extend the deadline for a loan moratorium and new credit program for small and medium size...

January 30, 2020 2 min read

Sri Lanka banks had restructured 3.6-pct of loans, SME moratorium limited effect: Fitch

Sri Lanka's banks have already restructured some bad loans and a moratorium and credit support announced for small and m...

January 29, 2020 4 min read

Fitch cuts outlook on People's Bank, Commercial Bank and Serendib Finance

Fitch Ratings has revised the outlook on People's Bank (PB) Commercial Bank (CB) and Serendib Finance Limited to negativ...

January 23, 2020 5 min read

Fitch cuts outlooks for three banks following sovereign action

Ratings agency Fitch has revised the international (IRD) and national outlooks of Bank of Ceylon, National Savings Bank ...

January 22, 2020 8 min read

Fitch downgrades People's Leasing & Finance to A+(lka)

Ratings agency Fitch downgraded state-owned People's Leasing & Finance Plc (PLC) to a national long-term rating of ...

January 22, 2020 4 min read

Sri Lanka Inland Revenue says no debt repayment tax on banks from Jan

Sri Lana's Department of Inland Revenue has issued a notice saying a debt repayment levy, a new direct tax slapped on ba...

January 21, 2020 2 min read

Sri Lanka SME debt relief credit negative for banks: Moody's

A debt moratorium for Sri Lanka's small and medium enterprises is credit negative for banks and the sovereign, and may n...

January 20, 2020 2 min read

Sri Lanka central bank issues SME moratorium rules

Sri Lanka's central bank in a circular called on banks to provide a debt moratorium for small and medium scale enterpris...

January 14, 2020 2 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

Singapore liberalizes, setting stage for digital banking battle

Singapore is opening up its banking industry to digital lenders in a reform that could shake up the sector across Southe...

January 12, 2020 3 min read

Interest write-offs, central bank guaranteed loans for Sri Lanka troubled SMEs

Sri Lanka's distressed small and medium enterprises with get interest write-offs and new working capital guaranteed by t...

January 9, 2020 2 min read

Sri Lanka central bank to develop a cost-based rate to price loans

Sri Lanka's central bank said it was developing a cost based benchmark interest rate to price loans, hoping unusually th...

January 8, 2020 2 min read

Regulations delay Sri Lanka fintech innovations at Dialog Finance

Sri Lanka's Dialog Finance Plc said that it could not invest the money raised in two rights issues in the planned fintec...

January 8, 2020 2 min read

Sri Lanka to scrap specialized banking license

Sri Lanka will scrap the specialized banking license in 2021 under a new law, converting all banks to a commercial licen...

January 6, 2020 1 min read
1

Sri Lanka banks not taking enough risks; should finance startups: CB Governor

Sri Lanka's new Central Bank Governor W D Lakshman said banks should drop a 'risk averse' mindset and finance startups a...

January 6, 2020 2 min read
2

Sri Lanka's LOLC inks deal to sell Cambodian unit to Korea's Kookmin

Sri Lanka's LOLC Holdings said it has signed two agreements to sell its Cambodian sub-subsidiary Prasac to Korea's Kookm...

January 6, 2020 1 min read

Sri Lanka private credit to grow 12-13-pct in 2020: CB Governor

Sri Lanka's private credit will expand 12-13 percent in 2020, helped by lower interest rates, Central Bank Governor W D ...

January 6, 2020 3 min read

Sri Lanka new banking act in 2021, regulations for banks in Chinese port city

Sri Lanka will enact a new Banking Act in 2021, which will include the merging of banking licenses and regulation of ban...

January 6, 2020 1 min read

Sri Lanka to provide SME debt relief from next week: Treasury Secretary

Sri Lanka will provide debt relief to small and medium enterprises from next week, Treasury Secretary S R Attygalle has ...

January 2, 2020 2 min read