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Friday November 13th, 2026
Banking

Sri Lanka's People's Bank says no loans have been written off as claimed in social media

No loans written off

May 16, 2023 1 min read

IMF in constant dialog with Sri Lanka over DDR

We are here, it is part of the discussions we are having now

May 15, 2023 3 min read

Sri Lanka's HNB Net up 44-pct in March 2023 quarter

In the quarter HNB made provisions of 11.7 billion rupees, down from 13.5 billion rupees.

May 15, 2023 2 min read

Sri Lanka private credit contracts in March, partly driven by rupee gain

Credit to government continues to grow

May 15, 2023 1 min read
Sri Lanka private loans outpace government credit for the fourth month: analysis

Private credit also tend to outpace government credit during currency crises

Sri Lanka to identify systemically important finance companies

A re-assessment of domestic systemically important banks also completed

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
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

Mastercard offers overseas hospital discounts for Sri Lankan cardholders

ECONOMYNEXT – Mastercard said it was offering Sri Lankan cardholders a range of discounts at top hospitals in Asi...

March 21, 2019 1 min read

Sri Lanka bank bad loan provisions surge with new accounting rule: Fitch

ECONOMYNEXT - Sri Lankan banks have seen a surge in provisioning for bad loans with the adoption of a new accounting ru...

March 21, 2019 3 min read

Sri Lanka non-bank lenders face asset quality, profitability pressure: Fitch

ECONOMYNEXT - Sri Lanka’s non-bank finance companies will face pressure on asset quality and profitability in the...

March 19, 2019 2 min read

Sri Lanka newly-weds, migrant workers to get subsidised housing: Budget 2019

ECONOMYNEXT – Sri Lanka’s 2019 government budget will offer a host of subsidised loans to beneficiaries ra...

March 5, 2019 3 min read

Sri Lanka banks exceed revised SME lending targets

Sri Lankan banks have exceeded lending targets for micro, small and medium scale enterprises (MSMEs) under programs with...

March 1, 2019 3 min read

Sri Lanka's Seylan Bank December quarter profits slashed on write-downs

Profits at Sri Lanka's Seylan Bank Plc in the December 2018 quarter was wiped out by a one-off provision for retirement ...

February 21, 2019 2 min read

Sri Lanka's The Finance trading suspended over accounting issues

Sri Lanka's The Finance Company Plc, a troubled non-bank lender which was slapped with a cease-and-desist order by the r...

February 21, 2019 1 min read

Cargills supermarket chain to accept payment for SriLankan online bookings

Cargills Food City supermarkets and Cargills Bank branches will accept payment for Sri Lankan airlines tickets booked on...

February 20, 2019 1 min read

Sri Lanka's NSB local rating downgraded after re-calibration

Fitch Ratings has downgraded state-run National Savings Bank to 'AA+(lka)' from 'AAA(lka)' following a downgrade of the ...

February 18, 2019 3 min read

Sri Lanka on new EU list of high risk countries

Sri Lanka has been placed on a new European Union list of high risk countries where bank have to exercise extra due dili...

February 17, 2019 1 min read