An Echelon Media Company
Friday November 13th, 2026
Finance

Sri Lanka private credit negative for the ninth month in April

.

April 10, 2023 2 min read

Sri Lanka SMEs in trouble over 7-pct output gap targeting loans

Output gap targeting is to be legalized in a controversial new monetary law

April 2, 2023 4 min read

Sri Lanka launches lower cost national credit card to draw SMEs

The three credit and two debit cards will work on Sri Lanka's Lanka Pay Network and also on JCB's international network

March 31, 2023 2 min read

Sri Lanka’s Standard Chartered Bank ‘AAA(lka)’ rating confirmed: Fitch

This expectation is driven by SCBSL's status as a branch of SCB

March 30, 2023 3 min read
Sri Lanka subsidiary company Mahindra Ideal Finance assigned 'AA-(lka)' by Fitch

"We expect vehicle financing to recover in the near to medium term

Sri Lanka Insurance Corp General assigned 'CCC+' IFS and 'A+(lka)' national IFS ratings by Fitch

We expect near-term pressure on underwriting profitability to persist, due to rising exposure to the higher-claim health

Sri Lanka's Nations Trust Bank unveils 'open banking' API platform

Sri Lanka's Nations Trust Bank said it has opened the door for firms and techies to directly link their businesses to th...

April 24, 2018 3 min read

Sri Lanka banking regulation weakened by conflicts, politics: S & P

ECONOMYNEXT - Sri Lanka's banking regulation is weakened compared to international standards by political interference a...

April 24, 2018 3 min read

Sri Lanka’s Cargills Bank targets millennials, with young staff, mobile apps

ECONOMYNEXT – Sri Lanka’s Cargills Bank, owned by the Cargills group, says its focus on digital technology...

April 20, 2018 2 min read

Sri Lanka’s Cargills gets ok for banking counters at all supermarkets

Sri Lanka’s Cargills Bank, owned by the Cargills group, has got regulatory approval to operate banking counters a...

April 19, 2018 2 min read

Sri Lanka’s Cargills Bank to list in 2020

ECONOMYNEXT – Sri Lanka’s Cargills Bank, owned by the Cargills group, is to list on the Colombo stock exch...

April 18, 2018 1 min read

Sri Lanka tightening financial laws, some developing countries risk being shut-out: Fin Min

Sri Lanka is tightening regulations to prevent financial crime, having battled the problem during its battle with terror...

April 18, 2018 1 min read

Sri Lanka banks risk profile stable: S&P

Sri Lanka's banking industry risk profile is stable on improving economic prospects and regulation, despite non-performi...

April 15, 2018 3 min read

Sri Lanka bank credit to government surges in Jan 2018

Sri Lanka's bank credit to government surged in January 2018, though much less than in earlier years, while credit to pr...

April 9, 2018 1 min read

Sri Lanka's Dialog mobile wallets topped up from bank accounts

Sri Lanka's Dialog Axiata said its mobile wallets could now be topped up from bank accounts, taking the country closer t...

April 7, 2018 1 min read

Sri Lanka's Melsta Regal Finance rating watch revised after Fairfax take-over

Fitch Ratings said an 'A+(lka)' rating of Sri Lanka's Melsta Regal Finance has been revised to 'evolving' from 'negative...

April 6, 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

Goldman Sachs, IFC to close credit gap for Sri Lanka's businesswomen

Goldman Sachs, a New York based global investment bank, and IFC, the private sector arm of the World Bank, is loaning Sr...

April 5, 2018 2 min read

Explaining the hole in Sri Lanka's ETI Finance balance sheet

Overexposure to gold-backed lending made matters worse for the subprime lender struggling with the complexities of being...

Devan Daniel
April 5, 2018 13 min read

Sri Lanka regulator approves ETI asset sale

Sri Lanka's central bank has approved the sale of assets by troubled Edirisinghe Trust Investment Finance group to shore...

April 5, 2018 1 min read

Sri Lanka bank regulator ready to reconsider term limits for directors

ECONOMYNEXT – Sri Lanka’s banking regulator is willing to be flexible and consider changing term limits fo...

March 30, 2018 1 min read

Sri Lanka central bank to continue accepting defaced currency notes

ECONOMYNEXT – Sri Lanka’s central bank said it will continue to accept defaced currency notes and exchange...

March 29, 2018 2 min read

Sri Lanka's LOLC to continue growth path after Orix exit: Official

Sri Lanka's LOLC group will continue its growth path after the exit of Japan's Orix, which had a 30 percent stake, Group...

March 28, 2018 1 min read

Sri Lanka bank risk management culture under scrutiny

ECONOMYNEXT – Sri Lanka’s banking regulator is keeping a close watch on the risk management culture of fin...

March 28, 2018 2 min read

Sri Lankan casinos, gems, real estate under financial regulator scrutiny

ECONOMYNEXT – Sri Lanka’s financial regulator is closely monitoring the activities of people involved in t...

March 26, 2018 1 min read

Sri Lanka’s Senkadagala Finance targets women entrepreneurs

ECONOMYNEXT - Sri Lanka’s Senkadagala Finance said it will get loan of up to US$15 million from the International...

March 22, 2018 1 min read

Sri Lanka's Seylan Bank aims for Rs10Bn Basel III capital boost

Sri Lanka's Seylan Bank aims for Rs10Bn Basel III capital boost ECONOMYNEXT - Seylan Bank's application for a proposed ...

March 16, 2018 1 min read