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Friday November 13th, 2026
Finance

Sri Lanka's Commercial Bank makes provisions, net up on tax treatment

Helped mainly by tax reversal despite provisions for bad loans amid a currency crisis.

February 27, 2023 2 min read

Sri Lanka banks get US$400mn trade finance swap from IFC

To help finance imports of food, medicine and fertilizer

February 27, 2023 2 min read

Sri Lanka Seylan bank Net up 47-pct in Dec quarter

Accumulated impairments rose to 33.5 billion rupees from 19.2 billion rupees.

February 26, 2023 2 min read

Sri Lanka's NTB Bank net up 15-pct in Dec quarter

Net interest income up

February 25, 2023 1 min read
Sri Lanka's Sampath Bank net up 85-pct amid ISB loss reversal

Exit yields determined on guidelines issued by ICASL in Dec 2024

Sri Lanka Banks' Association welcomes budget, ready to help implementation

We anticipate that a focused approach to strengthen key sectors

Sri Lanka's Janashakthi Insurance net down 27-pct in Dec, Rs11bn buyback

Profits at Sri Lanka's Janashakthi Insurance, from life and general businesses, fell 27 percent to 623 million rupees in...

February 26, 2018 1 min read

Sri Lanka’s Com Bank December net up 12-pct to Rs4.8bn

ECONOMYNEXT – Sri Lanka’s Commercial Bank said net profit rose 12% to Rs4.8 billion in the December 2017 q...

February 23, 2018 2 min read

Sri Lanka's HNB net up 14-pct in Dec

Profits at Sri Lanka's Hatton National Bank grew 14 percent from a year earlier to 4.6 billion rupees in the December 20...

February 22, 2018 1 min read

Sri Lanka's ETI affiliate says no approval for investor yet

Sri Lanka's Swarnamahal Financial Services Ltd, an affiliate of ETI which is under central bank administration said a pr...

February 21, 2018 1 min read

Sri Lanka’s People’s Insurance Dec quarter net profit down 10-pct

ECONOMYNEXT – Sri Lanka’s People’s Insurance said net profit fell 10% to Rs185 million in the Decem...

February 20, 2018 1 min read

Sri Lanka’s Commercial Bank gets Myanmar microfinance licence

ECONOMYNEXT - CBC Myanmar Microfinance Co., Ltd., a fully owned subsidiary of Sri Lanka’s Commercial Bank, has go...

February 19, 2018 1 min read

Sri Lanka's The Finance Losses up 24-pct, balance sheet gap Rs16bn

Losses at Sri Lanka's troubled The Finance Company expanded 24 percent to 598.2 million rupees in the December 2017 quar...

February 17, 2018 4 min read

Sri Lanka's Sampath Bank net up 52-pct in Dec

Profits at Sri Lanka's Sampath Bank rose 52 percent to 3.89 billion rupees helped by a 23 percent growth in net interest...

February 16, 2018 1 min read

Sri Lanka's Sampath to accept Alipay payments

Sri Lanka's Sampath Bank said it had started to accept payments of Alipay, a payment platform set up by China's Alibaba ...

February 14, 2018 2 min read

Sri Lanka's Central Finance net up in Dec quarter, says past profits overstated

Profits at Sri Lanka's Central Finance Plc, a non-bank lender grew 18.9 percent to 1.4 billion rupees in the December 20...

February 12, 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 Lankan banks overshoot SME lending targets

ECONOMYNEXT – Sri Lankan banks have overshot lending targets under an Asian Development Bank (ADB) small business...

February 9, 2018 3 min read

Allianz to sell-back Sri Lanka land to Janashakthi

Janashakthi General Insurance, which is to be controlled by Germany, Munich based Allianz after a 16.4 billion rupee dea...

February 5, 2018 1 min read

Allianz boosts Sri Lanka general insurance share to 20-pct with acquisition

Allianz, a Munich, Germany based insurer said it would become the second largest player in the non-life business in Sri ...

February 2, 2018 2 min read

Sri Lanka's Janashakthi General sold to Allianz for US107mn

Sri Lanka's Janashakthi Insurance Plc said its general insurance unit will be sold to Allianz SE, a Munich based insurer...

February 2, 2018 1 min read

Sri Lanka's NDB Bank net up 64-pct in Dec 2017

Profits at Sri Lanka's NDB Bank group December 2017 quarter profits rose 64 percent to 1.19 billion rupees, as net inter...

February 2, 2018 2 min read

FMO sells stake in Sri Lanka's LOLC micro lender

ECONOMYNEXT - Sri Lanka's LOLC Finance PLC (LOFC), acquired 100 percent in micro lender LOLC Micro Credit for 12.3 billi...

February 1, 2018 1 min read

IMF, activist, ask for action after Sri Lanka placed on money laundering scrutiny

The International Monetary Fund and a governance activist has urged action after Sri Lanka was placed under scrutiny for...

January 28, 2018 4 min read

NDB Investment Bank in deals worth Rs55bn in Sri Lanka, Maldives, Bangladesh

Sri Lanka's NDB Investment Bank said it sold debt, equity and takeover deals in advised take-overs worth 55 billion rupe...

January 26, 2018 2 min read

Sri Lanka excessive beer tax policy benefited bondscam group: Minister

An excessive tax hike on beer imposed by Sri Lanka's ex-finance minister had benefited a company connected to a business...

January 19, 2018 2 min read

Sri Lanka Sampath Bank's Basel III debentures rated 'A(lka)(EXP)'

ECONOMYNEXT - Fitch Ratings has assigned Sampath Bank's proposed Basel III compliant subordinated debentures an expected...

January 12, 2018 3 min read