An Echelon Media Company
Friday November 13th, 2026
Banking

Sri Lanka gets US$150mn from World Bank for deposit insurance

Strengthening the Deposit Insurance Scheme will help protect the savings of smaller depositors

November 10, 2023 3 min read

New authority for regulation of microfinance institutions: Minister

Although there are about 11,000 microfinance institutions operating in the country, only 5 of them have been registered

November 6, 2023 1 min read

State Bank of India opens two new branches in Sri Lanka’s North, East

With the latest expansion, SBI will have seven branches in Sri Lanka

November 1, 2023 2 min read

Sri Lanka's PABC Bank net up 214-pct in Sept

Bank increases provisions for ISBs

October 29, 2023 2 min read
Sri Lanka central bank asks SMEs to apply for loan relief before deadline

Relief measures include rescheduling credit facilities, extending time to start repayments, waving unpaid interest,

Standard Chartered Sri Lanka to sell wealth and retail banking business

The bank will continue to serve clients as usual during the transition period, which was expected to take 15-18 months. ...

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
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 private credit positive in August, state credit expands

Sri Lanka's private credit expanded by 22.2 billion rupees in August 2019, and credit to government had expanded 47.9 b...

October 7, 2019 2 min read

Citibank Sri Lanka 'AAA(lka)' rating confirmed with zero bad loans

Fitch Ratings has confirmed an 'AAA(lka)' given to Sri Lanka's Citibank branch, which has zero bad loans from 2009.

October 4, 2019 3 min read

Standard Chartered Bank, Sri Lanka unit, rating confirmed at 'AAA(lka)'

Fitch Ratings has confirmed an 'AAA(lka)' rating with a stable outlook given to the Sri Lanka branch of Standard Charter...

October 4, 2019 3 min read

Sri Lanka's Serendib Finance to get capital from parent, 'A+(lka)' rating confirmed

Fitch Ratings has confirmed an 'A+(lka)' rating of Serendib Finance Limited, a finance company controlled by 'AA(lka) ra...

October 1, 2019 2 min read

Sri Lanka loan rate ceilings credit positive, Moody's mistaken: Central Bank

Sri Lanka's central bank disputed an analysis by Moody's Investor Service, a rating agency which said price controls sla...

October 1, 2019 2 min read

Sri Lanka loan price controls to hurt banks: Moody's

Sri Lanka's price controls on lending rates, which comes in the wake of a currency collapse and a spike in bad loans, wi...

September 28, 2019 4 min read

Sri Lanka lifts price controls on bank deposits

Sri Lanka has lifted price controls on depositors to expropriate small depositors, in the wake of a currency collapse in...

September 26, 2019 1 min read

Sri Lanka orders 200bp cut in lending rates in new price controls

Sri Lanka's central bank has slapped price controls on commercial banks loans, as credit contracted and bad loans soared...

September 24, 2019 4 min read

Sri Lanka banks reject hydro project loan after endemic fish re-discovery

Sri Lankan banks supporting biodiversity conservation efforts refused to lend money for a mini-hydro power plant after t...

September 24, 2019 2 min read

Sri Lanka's Sinhaputhra Finance given time to raise capital

Sinhaputhra Finance Plc, non-bank lender in Sri Lanka has been given time to raise capital, the central bank said.

September 19, 2019 1 min read