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Friday November 13th, 2026
Finance

Sri Lanka's Bank of Ceylon 'CC'/'A (lka) ratings confirmed with negative watch: Fitch

Fitch Ratings confirms a 'CC' long term rating of state-run Bank of Ceylon, and a national rating of A(lka)

June 14, 2023 7 min read

Sri Lanka's People's Bank says boosting liquidity, managing high rates environment

Our primary focus has, and continues to be, on further bolstering our liquidity

May 31, 2023 2 min read

Sri Lanka central bank names 8 pyramid scheme promotors, citing punishable offence

"Participating in a pyramid scheme is a punishable offence.” - Central Bank

May 31, 2023 2 min read

Damith Pallewatte to be next CEO of Sri Lanka's Hatton National Bank

He will succeed Jonathan Alles, who is retiring from August 23,2024

May 28, 2023 1 min read
Sri Lanka's Cargills Bank says it countered cyber attack

Acted swiftly to fortify systems, isolate the affected components, and engage cybersecurity experts

Sri Lanka's central bank in drive to increase digital payments

Digital payments promotion in the hillside town of Nuwara Eliya

New Zealand blacklists Sri Lankan finance company over visa fraud

ECONOMYNEXT - New Zealand has blacklisted a Sri Lanka finance company which had provided false information to get studen...

July 31, 2018 2 min read

Sri Lanka's Seylan Bank June quarter profits down 26.5-pct

ECONOMYNEXT - Profits at Sri Lanka's listed Seylan Bank fell 26.5 percent from a year ago to 973.7 million rupees in the...

July 27, 2018 2 min read

Euromoney names Sri Lanka’s NDBIB best for seventh year

ECONOMYNEXT - NDB Investment Bank (NDBIB) has been named as ‘Sri Lanka’s Best Investment Bank 2018’ ...

July 26, 2018 1 min read

Sri Lanka to liquidate Standard Credit Finance, compensate insured depositors

ECONOMYNEXT –Sri Lanka’s banking regulator said it has cancelled the licence of Standard Credit Finance Li...

July 25, 2018 2 min read

Sri Lanka's Nation Lanka Finance in the black in June quarter

ECONOMYNEXT - Sri Lanka's Nation Lanka Finance reported a profit of 19.2 million rupees for the June 2018 quarter, compa...

July 25, 2018 2 min read

Sri Lanka's Union Bank June net up 7-pct, weighed down by new tax rules

ECONOMYNEXT - Sri Lanka's listed Union Bank of Colombo said profits grew 7 percent from a year earlier to 134.3 million ...

July 25, 2018 3 min read

Sri Lanka finance firms to write off small loans of women in drought-hit areas

ECONOMYNEXT – Sri Lankan finance companies will write off loans of up to 100,000 rupees of women in drought-hit a...

July 24, 2018 2 min read

Sri Lanka to slam price controls on micro-finance

Sri Lanka is planning to bring law to control interest rates on micro-finance to 30 percent, the finance ministry said, ...

July 22, 2018 2 min read

Myanmar micro-finance unit of Sri Lanka's Commercial Bank kicks off

A micro-finance unit promoted by Sri Lanka's Commercial Bank of Ceylon has started operations in Myanmar.

July 20, 2018 1 min read

Sri Lanka's MBSL Insurance to get Rs1.2bn capital injection

Sri Lanka's Merchant Bank of Sri Lanka and Finance PLC said it will inject 1.2 billion rupees in to an insurance unit, w...

July 20, 2018 2 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 wants bankers' scare tactics to end

ECONOMYNEXT- Bankers are scaring away first time customers, which is hurting the entrepreneurial potential of Sri Lanka,...

July 19, 2018 2 min read

Sri Lanka finance company bad loans rising; 9 ratings confirmed: Fitch

Fitch Ratings has confirmed ratings of nine Sri Lanka finance companies saying the credit profile of the sector will rem...

July 17, 2018 10 min read

Sri Lanka's Melsta Regal Finance downgraded 10 notches after sale

Melsta Regal Finance (MRF) has been downgraded 10 notches to 'B(lka)' from 'A+(lka)', after being placed on rating watch...

July 17, 2018 1 min read

Sri Lanka's banking regulations strong, economy weak: Fitch

ECONOMYNEXT - Sri Lanka's banking regulations are relatively strong compared to peers like Mongolia and Vietnam but macr...

July 16, 2018 3 min read

Sri Lanka’s Arpico Finance, Associated Motor Finance to merge by November 2019

ECONOMYNEXT- Sri Lankan finance companies Arpico Finance Company Plc and Associated Motor Finance Co. Plc will complete ...

July 12, 2018 1 min read

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

Sri Lanka Insurance Corp rating weakened by hotel, gas investments

Fitch Ratings said it has affirmed Sri Lanka Insurance Corporation's AA+(lka) rating on its strong domestic business pro...

July 9, 2018 4 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