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Friday November 13th, 2026
Banking

Sri Lanka SMEs in trouble over 7-pct output gap targeting loans

Output gap targeting is to be legalized in a controversial new monetary law

April 2, 2023 4 min read

Sri Lanka launches lower cost national credit card to draw SMEs

The three credit and two debit cards will work on Sri Lanka's Lanka Pay Network and also on JCB's international network

March 31, 2023 2 min read

Sri Lanka’s Standard Chartered Bank ‘AAA(lka)’ rating confirmed: Fitch

This expectation is driven by SCBSL's status as a branch of SCB

March 30, 2023 3 min read

Fitch confirms Citibank Sri Lanka unit at ‘AAA(lka)’

Fitch Ratings said it has confirmed Citibank N.A. Colombo Branch’s (CitiSL) National Long-Term Rating at ‘AAA(lka)�...

March 30, 2023 3 min read
Peoples Bank to use Sri Lanka's LankaPay US dollar payment system

The system offers a same-day funds transfer option at a low cost to the beneficiary, LankaPay said.

Sri Lanka to extend bank parate execution suspension till March 31

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Sri Lanka’s Fintrex Finance to focus on lending to entrepreneurs

Sri Lanka’s Fintrex Finance, owned by Bluestone Capital, a private equity and venture capital company, is priorit...

January 30, 2019 2 min read

Sri Lanka Sampath Bank says fraud happened 'few months back'

ECONOMYNEXT – Sri Lanka’s Sampath Bank has confirmed a media report about a fraud at the bank, saying it o...

January 29, 2019 1 min read

Sri Lanka’s NDB Investment Bank sees big transactions in Bangladesh, Maldives

ECONOMYNEXT – Sri Lanka’s NDB Investment Bank (NDBIB) said it handled 60 billion rupees in capital raising...

January 29, 2019 2 min read

Demand for small cars, homes to rise as Sri Lanka govt widens soft loan scheme

ECONOMYNEXT – Sri Lanka’s government has decided to widen its Enterprise Sri Lanka concessionary loan sche...

January 28, 2019 3 min read

Fitch downgrades Sri Lanka's HDFC Bank

Sri Lanka's HDFC, a majority state-run has been downgraded by Fitch, a credit rating agency to BB+ (lka) with a stable ...

January 24, 2019 4 min read

Sri Lanka banks overcharging poor farmers for credit checks

ECONOMYNEXT- Some Sri Lankan banks have been found overcharging rural farmers for Credit Information Bureau (CRIB) check...

January 11, 2019 1 min read

Sri Lanka's Bank of Ceylon launches US$200mn term loan: report

Sri Lanka's state-run Bank of Ceylon has launched a syndicated loan of up to 200 million dollars appointing a Middle Eas...

January 11, 2019 1 min read

UN wants Sri Lanka banks to contribute to agriculture credit line

The International Fund for Agricultural Development (IFAD) of the United Nations is looking for further funding from ban...

January 11, 2019 2 min read

Sri Lanka Commercial Bank offers WeChat payments in yuan

ECONOMYNEXT – Sri Lanka’s Commercial Bank has tied up with a unit of tech giant Tencent Holdings to offer ...

January 8, 2019 2 min read

Sri Lanka’s central bank tightens supervision of financial groups

ECONOMYNEXT - Sri Lanka’s central bank said it had entered into agreements with capital markets and insurance s...

January 4, 2019 1 min read
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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 to bring shareholder limits for non-bank lenders

Sri Lanka central bank is considering bringing shareholding limits to non-bank finance companies to improve governance, ...

January 4, 2019 1 min read

Sri Lanka to be 'brutal' on finance companies that lose capital

ECONOMYNEXT - Sri Lanka will act fast to resolve problems of finance companies that fall short of capital, Central Bank...

January 3, 2019 3 min read

Sri Lanka to tighten ownership limits in banks

Sri Lanka will tighten share ownership limits of Sri Lankan banks along with stricter qualifications for key management ...

January 2, 2019 2 min read

Fitch downgrades Sri Lanka financial institutions on sovereign rating cut

ECONOMYNEXT – Fitch Ratings said it has downgraded the ratings of Sri Lanka’s National Savings Bank, Bank ...

December 5, 2018 7 min read

Poor financial literacy in Sri Lanka helping scammers

Ignorance about risks and a focus on rewards only making it easy for people to fall victim for scammers despite having h...

December 5, 2018 2 min read

Sri Lanka to pay compensation to Standard Credit Finance depositors

ECONOMYNEXT –Sri Lanka’s banking regulator said it would pay compensation to depositors of Standard Credit...

December 5, 2018 1 min read

Sri Lanka's NSB, PLC downgraded to 'B' on political crisis, falling rupee

Sri Lanka's state-run National Savings Bank and People's Leasing has been downgraded to 'B' from 'B+' by Standard and Po...

December 5, 2018 8 min read

Fitch maintains negative outlook for Sri Lankan banks

ECONOMYNEXT – Fitch Ratings has maintained its negative outlook for Sri Lankan banks, saying the macroeconomic fa...

December 4, 2018 3 min read

Sri Lanka's Dialog Finance loses Rs39mn in Sept quarter

ECONOMYNEXT – Dialog Finance , the fin-tech unit of Sri Lanka’s top mobile phone operator Dialog Axiata, l...

November 21, 2018 2 min read

Sri Lanka private credit surges in Sept amid liquidity injections

Sri Lanka's private credit surged 107.3 billion rupees, up from 46 billion rupees a month earlier, as central bank injec...

November 19, 2018 1 min read