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Friday November 13th, 2026
Banking

Sri Lanka new single borrower limits seen having 'drastic effect' on private credit

We are an outlier in the region also. So we have to fix at some point. The question is should we fix it now?

December 4, 2023 5 min read

Sri Lanka NPLs seen peaking around 13-pct, some sectors hit up to 30-pct

Hotels, transport and arts and entertainment sectors had bad loans of 30 to 20 percent

December 1, 2023 4 min read

Sri Lanka's Bank of Ceylon viability rating on watch on recapitalization

Pending possible recapitalization for losses from state enterprise funding, while confirming a long-term rating at 'CC'

November 30, 2023 6 min read

Sri Lanka finance leasing companies face risks from gold price fall: Fitch

NPLs of pawning loans are lower than others, but the number has risen

November 21, 2023 5 min read
Sri Lanka private credit expands in Feb, tiny reduction in CB net credit

By February most of the excess liquidity came from dollar purchases

Sri Lanka's SMIB assigned BB(lka) rating by Fitch

State Mortgage and Investment Bank is a licensed specialised bank fully owned by the government of Sri Lanka

Sri Lanka to revise criteria for systemically important banks

Sri Lanka is in the process of revising criteria to designate systemically important banks, and not all banks that exce...

November 22, 2019 2 min read

Sri Lanka warns of bank data theft from online 'easy loan' scams

Sri Lanka's central bank has warned the public to be vigilant of online scams usually done through offers of easy loan s...

November 21, 2019 3 min read

Sri Lanka's Commercial Bank Sept net up on operating income, lower bad loan provisions

Net profits at Sri Lanka's largest listed lender Commercial Bank for the September quarter grew 21.8 percent from a year...

November 15, 2019 2 min read

Sri Lanka DFCC Bank net up in Sept quarter

Profits of Sri Lanka's DFCC Bank group grew 76 percent to 835 million rupees in the September 2019 quarter from a year e...

November 15, 2019 1 min read

Sri Lanka’s NDB Sept quarter net profit flat at Rs1.1bn

Profits at Sri Lanka’s National Development Bank (NDB) were almost flat at 1.1 billion rupees in the September 2019 qu...

November 14, 2019 2 min read

Sri Lanka Finance and Leasing firm ratings under pressure: Fitch

The ratings of finance and leasing companies will face downward pressure amid a slowing economy and rising bad loans, Fi...

November 14, 2019 2 min read

Sri Lanka's private credit up in September 2019

Sri Lanka's private credit grew 53.7 billion rupees in September 2019, with the central bank printing 23.9 billion rupee...

November 13, 2019 2 min read

Taxes hit Sri Lanka's Sampath Bank Sept profits

Net profits at Sri Lanka's Sampath Bank for the September quarter fell 0.7 percent to 2.6 billion rupees with taxes eati...

November 8, 2019 2 min read

HSBC digital trade banking offers early payment for Sri Lanka suppliers

HSBC is offering a web-based supply chain finance platform initially targeting Sri Lanka apparel exporters that the ban...

November 7, 2019 2 min read

Sri Lanka's Pan Asia bank profits grow in Sept with lower bad loan provisions

Net profits at Sri Lanka's Pan Asia Banking Corporation (PABC) for the September quarter grew 4 percent from a year earl...

November 6, 2019 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 332.5018 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 Seylan Bank Sept net marginally up with lower income tax charge

Sri Lanka's Seylan Bank's net profits grew by a marginal 0.53 percent to 1.04 billion rupees in the September quarter wi...

November 1, 2019 2 min read

Moody's confirms B2/NP rating of Sri Lanka's Bank of Ceylon, HNB, Sampath Bank

Moody's Investors Service has confirmed the at B2/NP ratings of three Sri Lankan banks, Bank of Ceylon (BOC), Hatton Nat...

October 31, 2019 4 min read

Sri Lanka to publish national financial inclusion survey in 2019

Sri Lanka will be publishing the results of a financial inclusion survey to understand how businesses access funds, Cent...

October 28, 2019 2 min read

Sri Lanka Peoples' Leasing and Finance net up 10-pct

Profits at Sri Lanka's Peoples' Pleasing and Finance group, the country's largest non-bank lender which also has an ins...

October 28, 2019 1 min read

Sri Lanka central bank cancels licence of The Finance Co.

Sri Lanka's central bank said it had decided to cancel the license of The Finance Company with effect from 23rd October ...

October 23, 2019 2 min read

Sri Lanka taken off FATF grey list: Central Bank

Sri Lanka has The Financial Action Task Force (FATF), a a global anti-money laundering body has taken the island off its...

October 22, 2019 1 min read

Sri Lanka's Bank of Ceylon outlook on [SL] AAA rating cut to negative by ICRA

The outlook on the top [SL]AAA rated state-run Bank of Ceylon has been cut to negative from stable by ICRA Lanka, a rati...

October 18, 2019 9 min read

Rabobank, Dutch govt to fund Sri Lanka vocational school, rural bridges

Dutch government to cover 25-pct of the cost from a grant.

October 16, 2019 1 min read

Commercial Bank gets Proparco funds for Sri Lanka SMEs

Proparco, a unit of French aid agency Agence Française de Développement (AFD), is providing 25 million US dollars to ...

October 13, 2019 1 min read

Sri Lanka banks told to design innovative loan schemes for entrepreneurs

Sri Lankan banks should help spur development, supporting fina cial literacy and designing suitable lending schemes for ...

October 9, 2019 2 min read