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Friday November 13th, 2026
Banking

Sri Lanka's Bank of Ceylon debenture issue oversubscribed

Issue of 50,000,000 Basel III complaint Tier 2 listed rated unsecured subordinated redeemable debentures oversubscribed

December 27, 2023 1 min read

Sri Lanka banks say parate execution needed to protect depositors

Says banks will end up restricting credit

December 22, 2023 5 min read

Sri Lanka to revise National Savings Bank Act to make bank more competitive

Sections of Act should be revised to extend monitoring, identifying new business opportunities, developing enterprise

December 21, 2023 1 min read

Sri Lanka private credit positive in Oct, Sept CB credit revised down

In September the central bank was hit by large losses

December 18, 2023 1 min read
Sri Lanka's Seylan Bank net up 15-pct in March quarter

Interest income falls amid falling interest rates

Sri Lanka branches of Habib Bank, MCB Bank upgraded to 'AA(lka)': Fitch

Assessment also takes into consideration the local branches' strong operational integration with their head offices

Sri Lanka's Cargills, Sampath, DFCC Bank says met lending rate ceilings

Sri Lanka Cargills Bank, Sampath Bank and DFCC Bank said they had met the price ceiling on loans set by the central bank...

December 31, 2019 1 min read

Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept

Bad loans in Sri Lanka's banks grew to 4.9 percent of assets in the September quarter from 4.8 percent in June, while th...

December 31, 2019 2 min read

Sri Lanka's central bank to punish eight banks for flouting price controls

Sri Lanka's central bank said it will punish eight banks for not meeting price ceiling set for loans, invoking sweeping...

December 30, 2019 2 min read

India's Axis Bank, ICICI Bank to exit Sri Lanka

India's Axis Bank and ICICI Bank, both privately owned commercial banks, will exit Sri Lanka, the island's banking regul...

December 30, 2019 1 min read

Sri Lanka debt relief impact on provisioning, bank profits mixed

Relief given by banks to performing customers under a government debt moratorium offered for loans up to 300 million wil...

December 30, 2019 2 min read

Sri Lanka's private credit up in November, state credit down

Sri Lanka's private credit grew 47.1 billion rupees in November, the fourth month of positive credit, while government b...

December 30, 2019 1 min read

Sri Lanka SME moratorium on request, will not stress banks: Deputy Governor

Sri Lanka's loan moratorium on small and medium-scale (SME) business loans will only be extended on request to those in ...

December 27, 2019 3 min read

Sri Lanka trims systemically important banks in new D-SIB rule, capital buffers changed

Sri Lanka has designated four banks as domestically systemically important banks (D-SIB) under new criteria down from an...

December 23, 2019 2 min read

Sri Lanka borrowers getting moratorium should continue to pay interest: Cabraal

Sri Lanka's borrowers who are using a debt moratorium of up to 300 million rupees should continue to pay interest which ...

December 23, 2019 2 min read

Sri Lanka President, PM orders banks to halt recovery of loans up to Rs300mn

Sri Lankas Prime Minister Mahinda Rajapaksa has ordered banks in the country to stop recovery of loans up to 300 million...

December 20, 2019 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
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Turnover Rs 2975.05 million 1193.67 million
Source: CSE
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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
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I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's NDBIB arranges US$12mn credit for Maldives fuel distributor

Sri Lanka's NDB Investment Bank said it arranged a 12 million dollar credit for The Hawks Private Limited, an importer a...

December 19, 2019 1 min read

Sri Lanka to set up national development bank for subsidized credit

Sri Lanka will set up a 'national development bank' to give long term subsidized credit to construction, agriculture an...

December 16, 2019 2 min read

Sri Lanka bad loans expected to fall after tax cuts: HNB

Sri Lanka's banking sector bad loans are expected to move downwards in 2020 due to the government fiscal stimulus packag...

December 10, 2019 2 min read

Singhe Capital Investment buys control of Sri Lanka's Sinhaputhra Finance

Sinha Capital Investment (Pvt) Ltd, an investment firm led by a consortium of individual investors had bought control of...

December 5, 2019 2 min read

Sri Lanka SOE credit up in October, private credit moderate

Sri Lanka's private credit grew 26.5 billion rupees in October 2019 down from 53.7 billion rupees a month earlier and ...

December 2, 2019 2 min read

Sri Lanka to replace CRIB defaulter list with scoring system

Sri Lanka will reform the Credit Information Bureau listing on bad debtors with a scoring system for lenders to take dec...

November 30, 2019 1 min read

Mahinda meets Sri Lanka banks on debt relief, proposal in a week

Prime Minister Mahinda Rajapaksa who is also Finance Minister has met top executives of Sri Lanka's banks to discuss gi...

November 29, 2019 1 min read

Sri Lanka regulator disputes reports of investor interest in The Finance Co. banking license

Sri Lanka’s Central Bank has called out reports that The Finance Company was in talks with three investors keen to acq...

November 27, 2019 3 min read

Sri Lanka subsidized credit schemes under review

Sri Lanka is reviewing subsidized credit schemes targeting small and medium entrepreneurs, are expected to resume after ...

November 27, 2019 1 min read

Three investors keen on Sri Lanka's The Finance Co. banking licence

Sri Lanka’s The Finance Company has appealed against a central bank decision to cancel its licence, saying it was in t...

November 26, 2019 2 min read