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Friday November 13th, 2026
Banking

Bad loan provisions erode Sri Lanka banks' profit amid looming domestic debt restructuring

Banking sector likely to collapse if government decides for domestic debt restructuring-analysts

December 28, 2022 4 min read

Sri Lanka private credit negative, govt credit up in Oct

Private credit contracted 224.4 billion rupees in the five months to October

December 5, 2022 2 min read

Sri Lanka banks may need more regulatory, accounting forbearance: Coomaraswamy

They have given some already

December 1, 2022 3 min read

Sri Lanka banks asked not to compete for deposits: CB Governor

We have made a request for banks not to compete for deposits

November 30, 2022 3 min read
Sri Lanka construction sector NPLs start to fall from 17.1-pct peak

Construction investment credit is usually one of the big beneficiaries when central banks print money

Sri Lanka bank health improving, but NPLs rising in smaller banks: CB report

NPLs in foreign banks and domestic systemically important banks falling

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
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Merchant Bank of Sri Lanka CEO interdicted

ECONOMYNEXT - Merchant Bank of Sri Lanka and Finance (MBSL) said its chief executive D.M.N.P. Karunapala had been interd...

June 5, 2018 1 min read

Sri Lanka's HNB syndicates R9bn loan for waste-to-energy plant

Sri Lanka's Hatton National Bank said it had syndicated 9.0 billion rupee loan for Western Power Company, a waste-to-ene...

June 3, 2018 1 min read

Sri Lanka state banks most in need capital for Basel III, new risk identified

Sri Lanka's large banks need 19 billion rupees more to meet Basel III capital adequacy in 2019, with state banks account...

May 30, 2018 1 min read

Sri Lanka's ETI Finance able to settle small depositors if liquidated

Small depositors of Sri Lanka's ETI Finance who are owed up to 600,000 rupees could be repaid if the firm is liquidated ...

May 25, 2018 5 min read

Singapore's Blue Summit Capital to buy Sri Lanka's ETI Finance assets

Blue Summit Capital Pte Ltd, a Singapore based investment company is buying assets of Sri Lanka's troubled non-bank lend...

May 24, 2018 1 min read

Sri Lanka ETI to make interim payment to depositors: Central Bank

Sri Lanka's troubled ETI Finance Limited has been ordered to make an interim repayments of 10 percent of deposits amount...

May 21, 2018 1 min read

IFC to fund Sri Lanka's NDB with Rs7.9bn for agribusiness

Washington-based International Finance Corporation (IFC), is to provide 5-year 50 million US dollar equivalent (about 7....

May 18, 2018 1 min read

Commercial, Sampath among banks to run counters at Sri Lanka airport

Commercial Bank of Ceylon, Sampath Bank state-run Bank of Ceylon, People's Bank, Thomas Cook Lanka Pvt Ltd have been lic...

May 16, 2018 1 min read

Sri Lanka adds bribery, inland revenues bosses to anti-money laundering initiative

Sri Lanka has added new agencies to a coordinated effort to counter money laundering and terrorist financing by adding n...

May 16, 2018 1 min read

Sri Lanka's Commercial Bank net up 13.64-pct in March 2018

Profits at Sri Lanka's Commercial Bank of Ceylon Plc rose 13.6 percent to 4,340 million rupees, helped by an expanding l...

May 16, 2018 2 min read