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Friday November 13th, 2026
Finance

Sri Lanka banks call for insolvency regime, discussions as bad loans rise

Complacency that capital and liquidity measures currently exceed regulatory minimum criteria is a false comfort

June 19, 2023 5 min read

Sri Lanka chamber outlines alternative financing mechanisms

Sri Lanka Chambers of Commerce has suggested alternative finance options for the island nation

June 19, 2023 8 min read

Sri Lanka CFA awards to highlight resilient portfolios

The event is held in line with its 10th annual CFA Capital Market Awards

June 18, 2023 1 min read

Sri Lanka above 18 voters should open tax files - State Minister

“If citizens at the age of 18 years can vote for the President, choose how a country is led, then they should pay tax....

June 17, 2023 2 min read
Sri Lanka central bank asks SMEs to apply for loan relief before deadline

Relief measures include rescheduling credit facilities, extending time to start repayments, waving unpaid interest,

Sri Lanka FIU imposes penalties on Indian Bank, Amana Takaful Life

Sri Lanka central bank collects Rs3mn in fines from Indian Bank, Amana Takaful Life for non-compliance in reporting

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
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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

State-run Bank of Ceylon requests early repayment of loans from SriLankan

State-run Bank of Ceylon had requested early repayment of a 12.9 billion rupee loan taken by SriLankan Airlines while th...

August 28, 2018 2 min read

Sri Lanka’s insurance regulator to share information on money laundering with FIU

ECONOMYNEXT – The Insurance Regulatory Commission of Sri Lanka (IRCSL) is to share information on money launderin...

August 27, 2018 2 min read

Sri Lanka's The Finance struggle to recover Ceylinco assets

Sri Lanka's The Finance Plc, a unit if the now defund Ceylinco group which has a 14 billion rupee hole in its balance sh...

August 24, 2018 2 min read

Sri Lanka banking sector outlook negative: Fitch

ECONOMYNEXT - Fitch Ratings said it was maintaining a negative outlook for Sri Lanka's banking sector on slower growth i...

August 15, 2018 4 min read

Sri Lanka’s HNB Assurance June profits up 4-pct

Profits at Sri Lanka's HNB Assurance Plc rose 4 percent from a year earlier to to 106.3 million rupees in the June 2018 ...

August 15, 2018 2 min read

Sri Lanka's Janashakthi Insurance June net flat

Profits at Sri Lanka's Janashakthi Insurance fell 1 percent from a year earlier to 133.9 million rupees in the June 2018...

August 14, 2018 2 min read

Sri Lanka's Central Finance June quarter profits up 23.4-pct

Profits at Sri Lanka's Central Finance Company, a non-bank lender, grew 23.4 percent from a year earlier to 1.4 billion ...

August 14, 2018 1 min read

Sri Lanka adds new regulation to credit access of tourism business

Sri Lanka's central bank has directed finance companies not go give loans to borrowers in tourism related businesses un...

August 12, 2018 1 min read

Sri Lanka private, CB credit up in June, state down

Sri Lanka's credit to private businesses from commercial banks rose 82 billion rupees in June from 28.8 billion rupees a...

August 7, 2018 2 min read

Sri Lanka limits micro debt relief to old defaults, rates controlled at 35-pct

Sri Lanka will only give debt relief to women who have taken micro-loans before June 2018 and have been in default for o...

August 2, 2018 4 min read