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Friday November 13th, 2026
Banking

Damith Pallewatte to be next CEO of Sri Lanka's Hatton National Bank

He will succeed Jonathan Alles, who is retiring from August 23,2024

May 28, 2023 1 min read

Sri Lanka bank net foreign assets turn positive: analysis

Paying down foreign loans narrows the current account deficit or generates a surplus

May 22, 2023 3 min read

Sri Lanka Bank of Ceylon net down 34.7-pct in March 2023 quarter

BoC keeps lending rate growth below the pace of deposit rates

May 21, 2023 2 min read

Sri Lanka Commercial bank Net down 63-pct in March quarter

Loan loss provisions were up 14.04 percent to 6.7 billion rupees in the quarter.

May 16, 2023 2 min read
Fitch upgrades 10 Sri Lankan banks' ratings, affirms 5 after scale recalibration

Recalibration reflects changes in relative creditworthiness of Sri Lankan issuers after Fitch upgraded Sri Lanka's

Sri Lanka announces relief package for SMEs

The SMEs which meet the below mentioned criteria are eligible to enter the proposed relief package.

Sri Lanka mulls possible relief for leased vehicles used in tourism

Sri Lanka is considering a request made to give debt relief for owners of leased vehicles used in tourism, State Ministe...

May 10, 2019 1 min read

Sri Lanka's Rs53B deposit insurance fund grows 7-pct in 2018

ECONOMYNEXT - Sri Lanka's Central Bank said a deposit insurance fund it manages has grown 7 percent from a year earlier ...

May 3, 2019 2 min read

Sri Lanka ETI directors' assets being sold to repay depositors: Central Bank

ECONOMYNEXT – Assets of directors of ETI Finance Ltd. (ETIF) are being sold to repay depositors, with 20 percent ...

May 2, 2019 2 min read

Sri Lanka details price controls on bank deposits up to June 30

Sri Lanka's Central Bank has set interest ceilings for bank deposits for the quarter ending June 30, on a base rates for...

April 30, 2019 2 min read

Sri Lankan banks cut deposit rates

ECONOMYNEXT - Sri Lanka's listed private banks have reduced deposit rates after the Central Bank directed banks and fina...

Tania Madies
April 29, 2019 2 min read

Sri Lanka's NTB to get IFC backed US$50mn syndicated loan

Washington-based International Finance Corporation said it is planning to syndicate a 50 million US dollar loan for Sri ...

April 20, 2019 1 min read

Sri Lanka private credit barely grows in Feb 2019, currency peg strong

Sri Lanka's private credit barely grew in February 2019, though no longer contracting like in January 2019, while new cr...

April 16, 2019 5 min read

Sri Lanka Central Bank launches Sustainable Finance Roadmap

Sri Lanka's Central Bank has launched a Sustainable Finance Roadmap with support from the International Finance Corporat...

April 11, 2019 2 min read

Sri Lanka predatory lenders abuse financial ignorance of people

ECONOMYNEXT – Sri Lanka’s unregulated financial institutions thrive on the financial ignorance of the peop...

Mahadiya Hamza
April 10, 2019 2 min read

Sri Lanka to offer leeway on new regulations for small banks, finance companies

Sri Lanka's central bank is offering breathing space for small and medium sized banks and non-bank finance companies to ...

April 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 332.3603 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

Sri Lanka digital banking transactions double in third quarter of 2018

ECONOMYNEXT – Real-time digital transactions on Sri Lanka’s common electronic fund transfer system more th...

April 5, 2019 2 min read

Sri Lanka to bring credit regulation law for micro loan sharks

Sri Lanka will bring a credit regulation law to protect consumers from micro loans given by loan sharks, Finance Ministe...

April 5, 2019 1 min read

Citibank’s Sri Lanka unit maintains zero bad loans record, retains 'AAA(lka)' rating

ECONOMYNEXT – Fitch Ratings Lanka said it has confirmed Citibank N.A. – Colombo Branch's national long-ter...

April 2, 2019 3 min read

Private credit in Sri Lanka turns negative after four years in Jan 2019

Sri Lanka's credit to private borrowers from commercial banks turned negative in January 2019 for the first time since 2...

April 1, 2019 4 min read

Enterprise Sri Lanka credit grows to Rs79bn

Loans under Enterprise Sri Lanka subsidized credit has totaled 79 billion rupees to 46,673 recipients since the program ...

March 31, 2019 1 min read

Sri Lanka's Sanasa Bank in the red in Dec 2018 quarter

Sri Lanka's listed Sanasa Development Bank reported a loss of 26.1 million rupees in the December 2018 quarter, down 113...

March 31, 2019 2 min read

Sri lanka's Sanasa to get US$10mn in Dutch funding

Sri Lanka's Sanasa Development Bank Plc, a publicly traded firm linked to the co-operative movement, said it planned to ...

March 30, 2019 1 min read

Sri Lanka's state-owned People's Bank 2018 profits up 3.5-pct

ECONOMYNEXT - Profits at Sri Lanka's state-owned People's Bank grew 3.5 percent from a year earlier to 20 billion rupees...

March 29, 2019 2 min read

Sri Lankan bank lending boost from polls spending

ECONOMYNEXT – Forthcoming elections could help boost lending by Sri Lankan banks if it leads to higher government...

March 27, 2019 1 min read

Sri Lanka banks, Thomas Cook, win currency exchange franchises at airport

Sri Lanka has awarded three-year franchises to operate foreign currency exchange couners at the main airport in the coun...

March 24, 2019 1 min read