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Friday November 13th, 2026
Finance

Sri Lanka banks not expected to provide for more ISB losses: CB Governor

They had already provided up to 35 percent

June 29, 2023 1 min read

Sri Lanka to have a tax special court: State Minister

Sri Lanka should increase tax files from 300,000 to a million, Minister Siyambalapitiya said.

June 29, 2023 1 min read

Sri Lanka's CoPF summons CB, banks, EPF over DDR

On Friday 30 we will meet again together to resolve outstanding issues

June 28, 2023 1 min read

Sri Lanka banks to operate normally as DDO goes through parliament: CB Governor

Deposits not harmed

June 26, 2023 1 min read
Sri Lanka's SMIB assigned BB(lka) rating by Fitch

State Mortgage and Investment Bank is a licensed specialised bank fully owned by the government of Sri Lanka

Sri Lanka’s Associated Motor Finance to raise 1.25bn through bond issue

Listed, rated, unsecured, subordinated, redeemable, high yield bonds will be issued at 100 each.

Sri Lanka bank bad loans could double; pharma, construction pressured: HNB chief

Tighter accounting rules could result in Sri Lanka banks doubling provisioning for non-performing loans in 2018 which wi...

October 25, 2018 2 min read

Sri Lanka's Cargills Bank gets BB(lka) credit rating: Fitch

ECONOMYNEXT - Fitch Ratings said it has assigned Sri Lanka's Cargills Bank a 'BB(lka)' credit rating with a stable outlo...

October 18, 2018 3 min read

Fitch confirms Standard Chartered Sri Lanka's AAA(lka) rating

ECONOMYNEXT - Fitch Ratings said it had confirmed a 'AAA(lka)' rating of Standard Chartered Bank Sri Lanka with a stable...

October 18, 2018 3 min read

Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender

ECONOMYNEXT – Sri Lanka’s Nations Trust Bank (NTB) has for a syndicated loan of 50 million US dollars from...

October 15, 2018 1 min read

Sri Lanka banks should honour marketing strengths of small firms: CB Governor

ECONOMYNEXT- Banks should check the marketability and future potential of micro, small and medium enterprises (MSMEs) in...

October 10, 2018 2 min read

New Sri Lanka microfinance law getting final touches: Finance Minister

A law to regulate microfinance and protect borrowers from predatory lending, is nearly ready, Finance Minister Mangala S...

October 8, 2018 2 min read

ADB in $20mn deal with Sri Lanka’s HNB for small businesses loans

ECONOMYNEXT – Sri Lanka’s Hatton National Bank (HNB) and Asian Development Bank (ADB) have struck a partne...

October 1, 2018 1 min read

Fitch Ratings maintains negative outlook for Sri Lanka banks

ECONOMYNEXT- Fitch Ratings said it was maintaining a negative outlook for the banking sector on rising non-performing lo...

October 1, 2018 15 min read

Sri Lanka's Commercial Bank unit Serendib Finance gets A+(lka) rating: Fitch

ECONOMYNEXT - Fitch Ratings said it has assigned Sri Lanka's Serendib Finance a national long-term rating of A+(lka) des...

September 28, 2018 3 min read

Sri Lanka's private credit steady in July, big liquidity swing

Sri Lanka's banks had loaned 46.5 billion rupees to private borrower in July down from 82.6 billion rupees a month earli...

September 25, 2018 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 332.3603 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 approves Rs50bn in subsidized credit

Sri Lanka's state and private banks have approved 49.17 billion rupees of subsidieze credit to 22,957 persons under an E...

September 25, 2018 1 min read

Sri Lankan mobile banking app innovation stymied by regulations

FriMi, a Sri Lankan mobile banking app, brought by a domestic commercial bank, is facing difficulties in digital innovat...

September 17, 2018 2 min read

Enterprise Sri Lanka cheap credit only for start ups: Finance Minister

Subsidized credit made available under an 'Enterprise Sri Lanka' branded scheme to develop entrepreneurial culture is on...

September 10, 2018 2 min read

HNB, Sampath Bank lend U.S funds for Sri Lankan small businesses

ECONOMYNEXT – Hatton National Bank and Sampath Bank have struck a deal with the USAID Development Credit Authorit...

September 7, 2018 2 min read

Sri Lanka Co-operative Insurance Company gets BBB+(lka) rating: Fitch

ECONOMYYNEXT - Fitch Ratings has assigned Sri Lanka's Co-operative Insurance Company a BBB+(lka) rating with a stable ou...

September 6, 2018 3 min read

Fitch affirms AA-(lka) credit rating on Sri Lanka's only reinsurer NITF

ECONOMYYNEXT - Fitch Ratings said it has maintained Sri Lanka's National Insurance Trust Fund at AA-(lka) with a stable ...

September 6, 2018 4 min read

Sri Lanka reviewing proposal on compulsory SMS banking alerts

Sri Lanka is reviewing a proposal made earlier in the year to mandate real time alerts on banking transactions, Central ...

September 6, 2018 2 min read

Sri Lanka banking outlook negative, NPLs rise, but capital stable: Moody's

Non-performing loans in Sri Lanka's banks rose to 3.0 percent of assets in March 2018 from 2.7 percent a year earlier, t...

September 5, 2018 2 min read

Sri Lanka's Rs418bn co-operative movement to be modernised

ECONOMYNEXT - Sri Lanka has prepared a National Cooperative Policy to modernise over 14,400 cooperatives around the coun...

August 29, 2018 1 min read

Sri Lanka CB to start payments to CIFL depositors from Aug 27

Sri Lanka's central bank said compensation payments to depositors of Central Investments and Finance Ltd, a failed non-b...

August 28, 2018 1 min read