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Friday November 13th, 2026
Banking

Choudary Group completes acquisition of Sri Lanka's Union Bank

we want to also look at the possibility of Union Bank's expansion to markets such as Africa, Nepal and Bhutan

October 25, 2023 2 min read

Sri Lanka senior citizens get tax refund on interest income

Sri Lanka is to refund advance income tax (AIT) deducted on interest income of senior citizens, IRD announced.

October 24, 2023 1 min read

Sri Lanka CB collects penalties from 4 finance firms for non-compliance

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October 17, 2023 3 min read

Four Sri Lanka bank-controlled finance company ratings confirmed: Fitch

Rating confirmations follow similar action on parents

October 13, 2023 4 min read
Sri Lanka's Cargills Bank says it countered cyber attack

Acted swiftly to fortify systems, isolate the affected components, and engage cybersecurity experts

Sri Lanka bank loan demand, willingness to lend rise

The willingness to lend in the banking sector increased during 2024 Q4 compared to the previous quarter

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
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 TKS Finance licence cancelled, liquidation to recover deposits

Sri Lanka's central bank has cancelled the licence of TKS Finance Limited with insured depositors to be compensated up t...

September 19, 2019 2 min read

Sri Lanka to call for expressions of interest to revive The Finance Company

Sri Lanka’s central bank has decided to call for expressions of interest to find potential investors to revive the fai...

September 17, 2019 2 min read

Sri Lanka's NDB Bank eyes private placement to boost capital

Sri Lanka's NDB Bank Plc is planning a private placement of shares among foreign and domestic investors to raise capital...

September 17, 2019 3 min read

Sri Lanka banks vulnerable to property market downturn: Fitch

Sri Lankan banks are vulnerable to a property market downturn given increased lending to the sector and a weak ability t...

September 17, 2019 2 min read

Hatton National Bank 'AA(lka)' Sri Lanka rating confirmed by Fitch

Fitch Ratings has confirmed the 'AA(lka)' rating of Sri Lanka's Hatton National Bank saying it had adequate capital but...

September 11, 2019 3 min read

Commercial Bank of Ceylon 'AA(lka)' Sri Lanka rating confirmed by Fitch

Commercial Bank of Ceylon's 'AA(lka)' rating has been confirmed with a stable outlook, Fitch Rating said, though tough o...

September 11, 2019 3 min read

Seylan Bank's 'A-(lka)' Sri Lanka rating confirmed ahead of capital raising

Sri Lanka's Seylan Bank Plc, rating of 'A-(lka)' has been confirmed by Fitch with a stable outlook ahead of a capital ra...

September 11, 2019 3 min read

Sri Lanka private credit negative in July, government borrowings up

Sri Lanka's bank credit to private sector was a negative 3.3 billion rupees in July 2019, sharply down from a 63 billion...

September 8, 2019 3 min read
1

Sri Lanka blames high interest rates on 'structural issues'

Sri Lanka has blamed 'structural issues' for high interest rates in the country, as large volumes of money was printed t...

September 8, 2019 3 min read

Sri Lanka IFAD-backed program to give low interest loans to farmers

Sri Lanka's Sanasa Development Bank Plc., has joined a program backed by a UN agency that seeks to transform subsistence...

Chanka Jayasinghe
September 7, 2019 2 min read