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Friday November 13th, 2026
Banking

Sri Lanka begins asset quality review of five banks

Consultants have started work and they are working on five banks

March 7, 2023 2 min read

Sri Lanka requests banks to re-structure loans of SMEs, wage earners, pensioners

After assessing the repayment capacity, to restructure the loans

March 6, 2023 1 min read

Sri Lanka’s Bank of Ceylon profits up 25.3-pct in Dec-2022

Provisioning for bad loans and advances grew 20.6 percent to 5.3 billion rupees

March 2, 2023 3 min read

Sri Lanka's Commercial Bank makes provisions, net up on tax treatment

Helped mainly by tax reversal despite provisions for bad loans amid a currency crisis.

February 27, 2023 2 min read

Sri Lanka's Hatton National Bank Sept net up 17-pct

ECONOMYNEXT - Profits at Sri Lanka's Hatton National Bank grew 17 percent from a year earlier to 4.8 billion rupees in t...

November 15, 2018 2 min read

Sri Lanka's Commercial Bank Sept net up 25-pct on forex gains, better margins

ECONOMYNEXT - Profits at listed Commercial Bank of Ceylon Plc grew 24.5 percent from a year earlier to 5.1 billion rupee...

November 14, 2018 2 min read

Sri Lanka’s FIU, Motor Traffic dept to share money laundering intelligence

ECONOMYNEXT – Sri Lanka’s Financial Intelligence Unit (FIU) said it has signed an agreement with the Depar...

November 13, 2018 1 min read

Taxes, impairments wipe out Sri Lanka’s Cargills Bank Sept quarter profits

ECONOMYNEXT – Sri Lanka’s Cargills Bank reported net profit slumped to less than a million rupees in the S...

November 9, 2018 3 min read

Sri Lanka’s central bank gets new deputy governors

ECONOMYNEXT – The Monetary Board of Sri Lanka's Central Bank has promoted Assistant Governors S R Attygalle and H...

November 7, 2018 2 min read

Sri Lanka's Nations Trust Bank Sept net down 3-pct

Profits at Sri Lanka's Nations Trust Bank Plc grew a marginal 3 percent from a year earlier to 1 billion rupees in the S...

November 2, 2018 3 min read

Sri Lanka's DFCC Bank Sep net up 90-pct on capital gain

Profits at Sri Lanka's listed DFCC Bank Plc rose 90 percent from a year earlier to 810.8 million rupees in the September...

November 2, 2018 3 min read

Higher taxes discourage foreign investments in Sri Lankan banks: Com Bank chief

ECONOMYNEXT –Sri Lanka's banks are easy targets for higher taxes which is hurting profitability and discouraging ...

November 1, 2018 3 min read

Sri Lanka's Pan Asia Bank Sep net down 13-pct

Profits at Sri Lanka's listed Pan Asia Bank fell 13 percent from a year earlier to 260.7 million rupees in the September...

November 1, 2018 2 min read

Sri Lanka bank NPLs highest in tourism

Non-performing loans in Sri Lanka's banks, which are below recent and historic highs, were highest in tourism, a sector ...

November 1, 2018 2 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 banks in 'perfect storm', buying opportunity: report

ECONOMYNEXT - Sri Lanka's banking sector is caught in a 'perfect storm' with margins expected to tighten due to weak cre...

October 25, 2018 6 min read

Sri Lanka bank bad loans could double; pharma, construction pressured: HNB chief

Tighter accounting rules could result in Sri Lanka banks doubling provisioning for non-performing loans in 2018 which wi...

October 25, 2018 2 min read

Sri Lanka's Cargills Bank gets BB(lka) credit rating: Fitch

ECONOMYNEXT - Fitch Ratings said it has assigned Sri Lanka's Cargills Bank a 'BB(lka)' credit rating with a stable outlo...

October 18, 2018 3 min read

Fitch confirms Standard Chartered Sri Lanka's AAA(lka) rating

ECONOMYNEXT - Fitch Ratings said it had confirmed a 'AAA(lka)' rating of Standard Chartered Bank Sri Lanka with a stable...

October 18, 2018 3 min read

Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender

ECONOMYNEXT – Sri Lanka’s Nations Trust Bank (NTB) has for a syndicated loan of 50 million US dollars from...

October 15, 2018 1 min read

Sri Lanka banks should honour marketing strengths of small firms: CB Governor

ECONOMYNEXT- Banks should check the marketability and future potential of micro, small and medium enterprises (MSMEs) in...

October 10, 2018 2 min read

New Sri Lanka microfinance law getting final touches: Finance Minister

A law to regulate microfinance and protect borrowers from predatory lending, is nearly ready, Finance Minister Mangala S...

October 8, 2018 2 min read

ADB in $20mn deal with Sri Lanka’s HNB for small businesses loans

ECONOMYNEXT – Sri Lanka’s Hatton National Bank (HNB) and Asian Development Bank (ADB) have struck a partne...

October 1, 2018 1 min read

Fitch Ratings maintains negative outlook for Sri Lanka banks

ECONOMYNEXT- Fitch Ratings said it was maintaining a negative outlook for the banking sector on rising non-performing lo...

October 1, 2018 15 min read

Sri Lanka's Commercial Bank unit Serendib Finance gets A+(lka) rating: Fitch

ECONOMYNEXT - Fitch Ratings said it has assigned Sri Lanka's Serendib Finance a national long-term rating of A+(lka) des...

September 28, 2018 3 min read