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Friday November 13th, 2026
Finance

Sri Lanka bank net foreign assets turn positive: analysis

Paying down foreign loans narrows the current account deficit or generates a surplus

May 22, 2023 3 min read

Sri Lanka Bank of Ceylon net down 34.7-pct in March 2023 quarter

BoC keeps lending rate growth below the pace of deposit rates

May 21, 2023 2 min read

Sri Lanka Commercial bank Net down 63-pct in March quarter

Loan loss provisions were up 14.04 percent to 6.7 billion rupees in the quarter.

May 16, 2023 2 min read

Sri Lanka's People's Bank says no loans have been written off as claimed in social media

No loans written off

May 16, 2023 1 min read
Sri Lanka bank loan demand, willingness to lend rise

The willingness to lend in the banking sector increased during 2024 Q4 compared to the previous quarter

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
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 SOE borrowings surge in April and May

Sri Lanka's credit to state enterprises soared expanded 46 billion rupees in April and 27 billion rupees in May 2018, wh...

July 9, 2018 2 min read

New managing director, COO at Sri Lanka’s Commercial Bank

ECONOMYNEXT – Sri Lanka’s Commercial Bank has announced the appointment of Sivakrishnarajah Renganathan as...

July 2, 2018 1 min read

Uptick in SME bad loans at Sri Lanka finance companies: ICRA

Sri Lanka’s non-bank finance companies have seen an uptick in bad loans to small and medium enterprises after bad...

June 29, 2018 2 min read

Sri Lankan banking, stocks regulators to collaborate on money laundering probes

ECONOMYNEXT – The Financial Intelligence Unit of Sri Lanka’s central bank is to collaborate with the stock...

June 26, 2018 2 min read

Sri Lanka’s Ceylinco expands distribution as foreign competition hots up

ECONOMYNEXT - Sri Lanka’s Ceylinco Insurance PLC will rely on the expansion of its branch network in rural areas ...

June 26, 2018 3 min read

Fitch upgrades outlook on Sri Lanka's Sampath Bank A+(lka) rating to 'stable'

Sri Lanka's Sampath Bank's credit rating has been affirmed at A+(lka) and outlook revised to 'stable' from 'negative', F...

June 14, 2018 4 min read

Sri Lankan finance companies need to raise capital to comply with new rules: Fitch

ECONOMYNEXT – Some Sri Lankan finance companies will need more capital to support growth and comply with new capi...

June 14, 2018 3 min read

Tax hike to trim profits of Sri Lankan life insurers: Fitch

ECONOMYNEXT – Higher taxes are likely to reduce profits of Sri Lankan life insurance companies, Fitch Ratings sai...

June 6, 2018 2 min read

Merchant Bank of Sri Lanka CEO interdicted

ECONOMYNEXT - Merchant Bank of Sri Lanka and Finance (MBSL) said its chief executive D.M.N.P. Karunapala had been interd...

June 5, 2018 1 min read

Sri Lanka's HNB syndicates R9bn loan for waste-to-energy plant

Sri Lanka's Hatton National Bank said it had syndicated 9.0 billion rupee loan for Western Power Company, a waste-to-ene...

June 3, 2018 1 min read