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Friday November 13th, 2026
Finance

Fitch removes negative rating watch on 15 Sri Lanka banks

Underlying ratings confirmed

October 5, 2023 7 min read

Sri Lanka bank bad loan expansion slows in June quarter

Bad loans defined as 'Stage 3' to total advances went up by 0.5-pct in 2023

September 30, 2023 2 min read

Sri Lanka identifies informal money remitters as high-risk under money laundering

Sri Lanka is struggling to raise its tax revenue amid money laundering activities

September 14, 2023 3 min read

Sri Lanka private credit flat in July, govt credit up

Rupee fall changes outstanding debt value

September 4, 2023 1 min read
Sri Lanka's Siyapatha Finance debt rated 'A(EXP)(lka)' by Fitch

The proposed debentures will mature in five years and will be listed on the Colombo Stock Exchange.

Sri Lanka CAL Investment Grade Fund's 'BBf(lka)'/'S4(lka)' rating affirmed: Fitch

Fund is an open-end fixed income fund that mainly invests in Sri Lankan banks and non-bank financial institutions

Sri Lanka banks to seek more foreign funding, but pay more: S&P

Sri Lanka's banks are expected to borrow more from foreign markets, which could lower profitability due to bigger hits f...

February 12, 2019 3 min read

Sri Lanka's NDB net up 74.4-pct in December

Sri Lanka's National Development Bank Plc (NDB) net profits in the December quarter grew 74.4 percent to 1.7 billion rup...

February 12, 2019 2 min read

ETI asset sale: Sri Lanka CB says did not select buyer, only asked extra US$15mn

Sri Lanka's Central Bank said it did not select a buyer for the assets of troubled ETI Finance Ltd, but only made the se...

February 11, 2019 2 min read

Sri Lanka ATM users asked to use microchip cards amid fraud

Users of automatic teller machines have been asked by the central bank to only use cards with embedded microchips to avo...

February 7, 2019 3 min read

Credit risks high in Sri Lankan banks: S&P

ECONOMYNEXT- Sri Lankan banks have high credit risks due to slow economic growth, high credit growth and lax lending sta...

February 1, 2019 1 min read

Sri Lanka’s Fintrex Finance to focus on lending to entrepreneurs

Sri Lanka’s Fintrex Finance, owned by Bluestone Capital, a private equity and venture capital company, is priorit...

January 30, 2019 2 min read

Sri Lanka Sampath Bank says fraud happened 'few months back'

ECONOMYNEXT – Sri Lanka’s Sampath Bank has confirmed a media report about a fraud at the bank, saying it o...

January 29, 2019 1 min read

Sri Lanka’s NDB Investment Bank sees big transactions in Bangladesh, Maldives

ECONOMYNEXT – Sri Lanka’s NDB Investment Bank (NDBIB) said it handled 60 billion rupees in capital raising...

January 29, 2019 2 min read

Demand for small cars, homes to rise as Sri Lanka govt widens soft loan scheme

ECONOMYNEXT – Sri Lanka’s government has decided to widen its Enterprise Sri Lanka concessionary loan sche...

January 28, 2019 3 min read

Fitch downgrades Sri Lanka's HDFC Bank

Sri Lanka's HDFC, a majority state-run has been downgraded by Fitch, a credit rating agency to BB+ (lka) with a stable ...

January 24, 2019 4 min read
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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 banks overcharging poor farmers for credit checks

ECONOMYNEXT- Some Sri Lankan banks have been found overcharging rural farmers for Credit Information Bureau (CRIB) check...

January 11, 2019 1 min read

Sri Lanka's Bank of Ceylon launches US$200mn term loan: report

Sri Lanka's state-run Bank of Ceylon has launched a syndicated loan of up to 200 million dollars appointing a Middle Eas...

January 11, 2019 1 min read

UN wants Sri Lanka banks to contribute to agriculture credit line

The International Fund for Agricultural Development (IFAD) of the United Nations is looking for further funding from ban...

January 11, 2019 2 min read

Sri Lanka Commercial Bank offers WeChat payments in yuan

ECONOMYNEXT – Sri Lanka’s Commercial Bank has tied up with a unit of tech giant Tencent Holdings to offer ...

January 8, 2019 2 min read

Sri Lanka’s central bank tightens supervision of financial groups

ECONOMYNEXT - Sri Lanka’s central bank said it had entered into agreements with capital markets and insurance s...

January 4, 2019 1 min read

Sri Lanka to bring shareholder limits for non-bank lenders

Sri Lanka central bank is considering bringing shareholding limits to non-bank finance companies to improve governance, ...

January 4, 2019 1 min read

Sri Lanka to be 'brutal' on finance companies that lose capital

ECONOMYNEXT - Sri Lanka will act fast to resolve problems of finance companies that fall short of capital, Central Bank...

January 3, 2019 3 min read

Sri Lanka to tighten ownership limits in banks

Sri Lanka will tighten share ownership limits of Sri Lankan banks along with stricter qualifications for key management ...

January 2, 2019 2 min read

Leapfrog group buys Sri Lanka Soflogic Life Insurance stake from FMO

A 19-percent stake in Sri Lanka's Softlogic Life Insurance has been sold by the Netherlands-based FMO to the Leapfrog In...

December 19, 2018 1 min read

Big stake sold in Sri Lanka’s Softlogic Insurance for Rs2.18bn

ECONOMYNEXT – A big stake in Sri Lanka’s Softlogic Life Insurance changed hands on the Colombo bourse Wedn...

December 19, 2018 1 min read