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Friday November 13th, 2026
Banking

Sri Lanka's HNB grows interest income, makes provisions

The bank provided for loans losses and sovereign bond investments

February 22, 2023 2 min read

Sri Lanka DFCC Bank in profits despite provisioning

Loan growth slowed, more deposits raised

February 19, 2023 2 min read

  Sri Lanka's NTB launches digital banking platform 

Sri Lanka banks have increasingly focused on digital banking since COVID19-pandemic

February 10, 2023 1 min read

Sri Lanka's Bank of Ceylon upgraded to CC from RD

The upgrade comes from BOC's improved foreign-currency liquidity position since June 2022

February 9, 2023 3 min read
Sri Lanka finance companies invest in treasuries, repos amid vehicle import ban

Total investments had grown at double the pace of credit at 22.6 percent

Sri Lanka banks, SMEs meet at Presidents office to discuss parate law, loans

Law on parate execution or deciding on auctioning collateral of defaulted loans by banks has been suspended till Dec 15

Sri Lanka's private credit steady in July, big liquidity swing

Sri Lanka's banks had loaned 46.5 billion rupees to private borrower in July down from 82.6 billion rupees a month earli...

September 25, 2018 2 min read

Sri Lanka approves Rs50bn in subsidized credit

Sri Lanka's state and private banks have approved 49.17 billion rupees of subsidieze credit to 22,957 persons under an E...

September 25, 2018 1 min read

Sri Lankan mobile banking app innovation stymied by regulations

FriMi, a Sri Lankan mobile banking app, brought by a domestic commercial bank, is facing difficulties in digital innovat...

September 17, 2018 2 min read

Enterprise Sri Lanka cheap credit only for start ups: Finance Minister

Subsidized credit made available under an 'Enterprise Sri Lanka' branded scheme to develop entrepreneurial culture is on...

September 10, 2018 2 min read

HNB, Sampath Bank lend U.S funds for Sri Lankan small businesses

ECONOMYNEXT – Hatton National Bank and Sampath Bank have struck a deal with the USAID Development Credit Authorit...

September 7, 2018 2 min read

Sri Lanka reviewing proposal on compulsory SMS banking alerts

Sri Lanka is reviewing a proposal made earlier in the year to mandate real time alerts on banking transactions, Central ...

September 6, 2018 2 min read

Sri Lanka banking outlook negative, NPLs rise, but capital stable: Moody's

Non-performing loans in Sri Lanka's banks rose to 3.0 percent of assets in March 2018 from 2.7 percent a year earlier, t...

September 5, 2018 2 min read

Sri Lanka's Rs418bn co-operative movement to be modernised

ECONOMYNEXT - Sri Lanka has prepared a National Cooperative Policy to modernise over 14,400 cooperatives around the coun...

August 29, 2018 1 min read

Sri Lanka CB to start payments to CIFL depositors from Aug 27

Sri Lanka's central bank said compensation payments to depositors of Central Investments and Finance Ltd, a failed non-b...

August 28, 2018 1 min read

State-run Bank of Ceylon requests early repayment of loans from SriLankan

State-run Bank of Ceylon had requested early repayment of a 12.9 billion rupee loan taken by SriLankan Airlines while th...

August 28, 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's The Finance struggle to recover Ceylinco assets

Sri Lanka's The Finance Plc, a unit if the now defund Ceylinco group which has a 14 billion rupee hole in its balance sh...

August 24, 2018 2 min read

Sri Lanka banking sector outlook negative: Fitch

ECONOMYNEXT - Fitch Ratings said it was maintaining a negative outlook for Sri Lanka's banking sector on slower growth i...

August 15, 2018 4 min read

Sri Lanka's Central Finance June quarter profits up 23.4-pct

Profits at Sri Lanka's Central Finance Company, a non-bank lender, grew 23.4 percent from a year earlier to 1.4 billion ...

August 14, 2018 1 min read

Sri Lanka adds new regulation to credit access of tourism business

Sri Lanka's central bank has directed finance companies not go give loans to borrowers in tourism related businesses un...

August 12, 2018 1 min read

Sri Lanka private, CB credit up in June, state down

Sri Lanka's credit to private businesses from commercial banks rose 82 billion rupees in June from 28.8 billion rupees a...

August 7, 2018 2 min read

Sri Lanka limits micro debt relief to old defaults, rates controlled at 35-pct

Sri Lanka will only give debt relief to women who have taken micro-loans before June 2018 and have been in default for o...

August 2, 2018 4 min read

New Zealand blacklists Sri Lankan finance company over visa fraud

ECONOMYNEXT - New Zealand has blacklisted a Sri Lanka finance company which had provided false information to get studen...

July 31, 2018 2 min read

Sri Lanka's Seylan Bank June quarter profits down 26.5-pct

ECONOMYNEXT - Profits at Sri Lanka's listed Seylan Bank fell 26.5 percent from a year ago to 973.7 million rupees in the...

July 27, 2018 2 min read

Euromoney names Sri Lanka’s NDBIB best for seventh year

ECONOMYNEXT - NDB Investment Bank (NDBIB) has been named as ‘Sri Lanka’s Best Investment Bank 2018’ ...

July 26, 2018 1 min read

Sri Lanka to liquidate Standard Credit Finance, compensate insured depositors

ECONOMYNEXT –Sri Lanka’s banking regulator said it has cancelled the licence of Standard Credit Finance Li...

July 25, 2018 2 min read