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Friday November 13th, 2026
Banking

Fitch downgrades Sri Lanka insurers after sovereign rating re-set

Insurers are on rating watch negative at the new level

January 19, 2023 7 min read

Sri Lanka private credit down Rs255bn since May 2022

Govt borrowings Rs114bn, partly due to high rates

January 17, 2023 3 min read

Fitch downgrades 10 Sri Lankan Banks after local sovereign rating cut

Sri Lanka sovereign rating

January 13, 2023 2 min read

Sri Lanka to review single borrower limits of banks, capital rules

Single borrower exposure limits will also be reviewed to reduce the sovereign-bank nexus

January 5, 2023 4 min read
Sri Lanka banking system risk perceptions improve in 2024, though still negative

Although the net percentage balance increased, it remained in the negative territory

Sri Lanka's Sampath Bank helps finance State Bank of India $750mn loan

Involvement in this syndicated loan aligns with Sampath's strategic objectives to enhance investment portfolio

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
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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 need Rs19bn in fresh capital: Fitch

ECONOMYNEXT - Sri Lankan banks face challenges due to slower economic growth, weak consumption and regulatory reforms wh...

July 12, 2018 3 min read

Sri Lanka's Swarnamahal Financial told to pay 10-pct of deposit liabilities

ECONOMYNEXT - Sri Lanka's central bank said it had asked Swarnamahal Financial Services PLC (SFSP) to pay 10 percent of ...

July 10, 2018 1 min read

ADB grants US$12.5m to boost women entrepreneurs in Sri Lanka

The Asian Development Bank has granted 12.5 million US dollars to help women entrepreneurs who have difficulty accessing...

July 9, 2018 1 min read

Sri Lanka's ETI Finance last tranche expected this month

An investment group which is buying assets of ETI Finance Plc, has asked till end of this month to make the final paymen...

July 9, 2018 2 min read

Sri Lanka SOE borrowings surge in April and May

Sri Lanka's credit to state enterprises soared expanded 46 billion rupees in April and 27 billion rupees in May 2018, wh...

July 9, 2018 2 min read

New managing director, COO at Sri Lanka’s Commercial Bank

ECONOMYNEXT – Sri Lanka’s Commercial Bank has announced the appointment of Sivakrishnarajah Renganathan as...

July 2, 2018 1 min read

Uptick in SME bad loans at Sri Lanka finance companies: ICRA

Sri Lanka’s non-bank finance companies have seen an uptick in bad loans to small and medium enterprises after bad...

June 29, 2018 2 min read

Sri Lankan banking, stocks regulators to collaborate on money laundering probes

ECONOMYNEXT – The Financial Intelligence Unit of Sri Lanka’s central bank is to collaborate with the stock...

June 26, 2018 2 min read

Fitch upgrades outlook on Sri Lanka's Sampath Bank A+(lka) rating to 'stable'

Sri Lanka's Sampath Bank's credit rating has been affirmed at A+(lka) and outlook revised to 'stable' from 'negative', F...

June 14, 2018 4 min read

Sri Lankan finance companies need to raise capital to comply with new rules: Fitch

ECONOMYNEXT – Some Sri Lankan finance companies will need more capital to support growth and comply with new capi...

June 14, 2018 3 min read