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Friday November 13th, 2026
Finance

US DFC working on more Sri Lanka deals after reaching a billion dollars

US International Development Finance Corporation is looking to fund more companies and banks in Sri Lanka

November 8, 2023 3 min read

US DFC head to visit Sri Lanka, meet financial industry and gov figures

Will participate in signing ceremony with CDB to promote inclusive lending; meet commercial and development bank leaders

November 6, 2023 1 min read

New authority for regulation of microfinance institutions: Minister

Although there are about 11,000 microfinance institutions operating in the country, only 5 of them have been registered

November 6, 2023 1 min read

State Bank of India opens two new branches in Sri Lanka’s North, East

With the latest expansion, SBI will have seven branches in Sri Lanka

November 1, 2023 2 min read
Financial institution contribution to Sri Lanka’s sustainability targets insufficient: CB

Sustainable Finance Roadmap 2.0 published by central bank, with the International Finance Cooperation and EU

Sri Lanka Central Bank launches Sustainable Finance Roadmap

Sri Lanka's Central Bank has launched a Sustainable Finance Roadmap with support from the International Finance Corporat...

April 11, 2019 2 min read

Sri Lanka predatory lenders abuse financial ignorance of people

ECONOMYNEXT – Sri Lanka’s unregulated financial institutions thrive on the financial ignorance of the peop...

Mahadiya Hamza
April 10, 2019 2 min read

Sri Lanka to offer leeway on new regulations for small banks, finance companies

Sri Lanka's central bank is offering breathing space for small and medium sized banks and non-bank finance companies to ...

April 9, 2019 2 min read

Sri Lanka digital banking transactions double in third quarter of 2018

ECONOMYNEXT – Real-time digital transactions on Sri Lanka’s common electronic fund transfer system more th...

April 5, 2019 2 min read

Sri Lanka to bring credit regulation law for micro loan sharks

Sri Lanka will bring a credit regulation law to protect consumers from micro loans given by loan sharks, Finance Ministe...

April 5, 2019 1 min read

Sri Lanka insurance premiums growth slows down to 9.5-pct in 2018

ECONOMYNEXT - Sri Lanka's insurance industry grew 9.5 percent from a year earlier to 175.7 billion rupees in gross writt...

April 4, 2019 2 min read

Citibank’s Sri Lanka unit maintains zero bad loans record, retains 'AAA(lka)' rating

ECONOMYNEXT – Fitch Ratings Lanka said it has confirmed Citibank N.A. – Colombo Branch's national long-ter...

April 2, 2019 3 min read

Private credit in Sri Lanka turns negative after four years in Jan 2019

Sri Lanka's credit to private borrowers from commercial banks turned negative in January 2019 for the first time since 2...

April 1, 2019 4 min read

Enterprise Sri Lanka credit grows to Rs79bn

Loans under Enterprise Sri Lanka subsidized credit has totaled 79 billion rupees to 46,673 recipients since the program ...

March 31, 2019 1 min read

Sri Lanka's Sanasa Bank in the red in Dec 2018 quarter

Sri Lanka's listed Sanasa Development Bank reported a loss of 26.1 million rupees in the December 2018 quarter, down 113...

March 31, 2019 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 332.5018 332.3603
UK Pound 440.0661 440.9424
Euro 367.7137 368.4879
Yen 2.0793 2.0805
Aus Dollar 226.4670 227.4342
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5357 3.5474
Korean Won 0.2494 0.2492
Oman Rial 863.5962 863.2287
Saudi Riyal 88.5939 88.5586
UAE Dirham 90.5259 90.4874
Source: Central Bank/Indicative
pts %
S&P SL20 6,293.72 -1.13%
CSE All Share 22,024.18 -0.60%
Turnover Rs 3232.70 million 2975.05 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 Sanasa to get US$10mn in Dutch funding

Sri Lanka's Sanasa Development Bank Plc, a publicly traded firm linked to the co-operative movement, said it planned to ...

March 30, 2019 1 min read

Sri Lanka's state-owned People's Bank 2018 profits up 3.5-pct

ECONOMYNEXT - Profits at Sri Lanka's state-owned People's Bank grew 3.5 percent from a year earlier to 20 billion rupees...

March 29, 2019 2 min read

Sri Lankan bank lending boost from polls spending

ECONOMYNEXT – Forthcoming elections could help boost lending by Sri Lankan banks if it leads to higher government...

March 27, 2019 1 min read

Sri Lanka banks, Thomas Cook, win currency exchange franchises at airport

Sri Lanka has awarded three-year franchises to operate foreign currency exchange couners at the main airport in the coun...

March 24, 2019 1 min read

Sri Lanka car taxes to slow growth in insurance

Sri Lanka's insurance sector will see slower growth due to higher taxes slapped on cars in a budget for 2019, Fitch Rati...

March 22, 2019 4 min read

Mastercard offers overseas hospital discounts for Sri Lankan cardholders

ECONOMYNEXT – Mastercard said it was offering Sri Lankan cardholders a range of discounts at top hospitals in Asi...

March 21, 2019 1 min read

Sri Lanka bank bad loan provisions surge with new accounting rule: Fitch

ECONOMYNEXT - Sri Lankan banks have seen a surge in provisioning for bad loans with the adoption of a new accounting ru...

March 21, 2019 3 min read

Sri Lanka non-bank lenders face asset quality, profitability pressure: Fitch

ECONOMYNEXT - Sri Lanka’s non-bank finance companies will face pressure on asset quality and profitability in the...

March 19, 2019 2 min read

Sri Lanka newly-weds, migrant workers to get subsidised housing: Budget 2019

ECONOMYNEXT – Sri Lanka’s 2019 government budget will offer a host of subsidised loans to beneficiaries ra...

March 5, 2019 3 min read

Sri Lanka banks exceed revised SME lending targets

Sri Lankan banks have exceeded lending targets for micro, small and medium scale enterprises (MSMEs) under programs with...

March 1, 2019 3 min read