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Friday November 13th, 2026
Banking

Sri Lanka finance companies asked to get new ratings after ICRA closure

Finance Companies are required to have a rating

February 7, 2023 1 min read

Sri Lanka private credit negative for seventh month as China assurances awaited

Government credit continues to go up despite tax increases

February 6, 2023 2 min read

Sri Lanka's banks may have to re-structure loans caught in progressive tax

Salaried SOE executives and port workers are protesting

February 6, 2023 3 min read

Sri Lanka doing assets quality review of banks: CB Governor

So called Stage 3 loans have hit 10.9-pct by the 3rd quarter

February 5, 2023 3 min read
Sri Lanka private credit up Rs89bn in September, government down

Central bank credit to government fell 9.2 billion to 1,745 billion rupees

Kavinda de Zoysa new chairman of Bank of Ceylon

He most recently served as Director and Country Business Head of Citibank

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
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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 Nation Lanka Finance in the black in June quarter

ECONOMYNEXT - Sri Lanka's Nation Lanka Finance reported a profit of 19.2 million rupees for the June 2018 quarter, compa...

July 25, 2018 2 min read

Sri Lanka's Union Bank June net up 7-pct, weighed down by new tax rules

ECONOMYNEXT - Sri Lanka's listed Union Bank of Colombo said profits grew 7 percent from a year earlier to 134.3 million ...

July 25, 2018 3 min read

Sri Lanka finance firms to write off small loans of women in drought-hit areas

ECONOMYNEXT – Sri Lankan finance companies will write off loans of up to 100,000 rupees of women in drought-hit a...

July 24, 2018 2 min read

Sri Lanka to slam price controls on micro-finance

Sri Lanka is planning to bring law to control interest rates on micro-finance to 30 percent, the finance ministry said, ...

July 22, 2018 2 min read

Myanmar micro-finance unit of Sri Lanka's Commercial Bank kicks off

A micro-finance unit promoted by Sri Lanka's Commercial Bank of Ceylon has started operations in Myanmar.

July 20, 2018 1 min read

Sri Lanka wants bankers' scare tactics to end

ECONOMYNEXT- Bankers are scaring away first time customers, which is hurting the entrepreneurial potential of Sri Lanka,...

July 19, 2018 2 min read

Sri Lanka finance company bad loans rising; 9 ratings confirmed: Fitch

Fitch Ratings has confirmed ratings of nine Sri Lanka finance companies saying the credit profile of the sector will rem...

July 17, 2018 10 min read

Sri Lanka's Melsta Regal Finance downgraded 10 notches after sale

Melsta Regal Finance (MRF) has been downgraded 10 notches to 'B(lka)' from 'A+(lka)', after being placed on rating watch...

July 17, 2018 1 min read

Sri Lanka's banking regulations strong, economy weak: Fitch

ECONOMYNEXT - Sri Lanka's banking regulations are relatively strong compared to peers like Mongolia and Vietnam but macr...

July 16, 2018 3 min read

Sri Lanka’s Arpico Finance, Associated Motor Finance to merge by November 2019

ECONOMYNEXT- Sri Lankan finance companies Arpico Finance Company Plc and Associated Motor Finance Co. Plc will complete ...

July 12, 2018 1 min read