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Friday November 13th, 2026
Finance

Sri Lanka to review single borrower limits of banks, capital rules

Single borrower exposure limits will also be reviewed to reduce the sovereign-bank nexus

January 5, 2023 4 min read

Bad loan provisions erode Sri Lanka banks' profit amid looming domestic debt restructuring

Banking sector likely to collapse if government decides for domestic debt restructuring-analysts

December 28, 2022 4 min read

Sri Lanka private credit negative, govt credit up in Oct

Private credit contracted 224.4 billion rupees in the five months to October

December 5, 2022 2 min read

Sri Lanka banks may need more regulatory, accounting forbearance: Coomaraswamy

They have given some already

December 1, 2022 3 min read
Fitch upgrades 10 Sri Lankan banks' ratings, affirms 5 after scale recalibration

Recalibration reflects changes in relative creditworthiness of Sri Lankan issuers after Fitch upgraded Sri Lanka's

Sri Lanka central bank launches digital payments promotion

Digital payments promotion campaign launched in Hambantota

Sri Lanka Commercial Bank Sept net profit up 11-pct

ECONOMYNEXT – Sri Lanka’s Commercial Bank of Ceylon PLC said September 2017 quarter net profit grew 11.46%...

November 13, 2017 4 min read

Sri Lanka to provide crop insurance for disasters with tax-payer subsidy

Sri Lanka will start a crop insurance scheme for farmers with part of the premium being paid by tax-payers, amounting to...

November 12, 2017 1 min read

Sri Lanka to start another crony Exim/SME state bank in different guise?

Sri Lanka's budget for 2018 has announced plans to build a bank for start-ups and small and medium enterprises with a ta...

November 11, 2017 2 min read

Sri Lanka allocate Rs10bn for enterprise development bank

ECONOMYNEXT – The Sri Lankan government will allocate Rs10 billion to set up an enterprise development bank to gi...

November 9, 2017 1 min read

Sri Lanka’s NTB Sept net profit up 33-pct to Rs1bn

ECONOMYNEXT – Sri Lanka’s Nations Trust Bank (NTB) said net profit for the September 2017 quarter rose 33%...

November 6, 2017 3 min read

JKH allowed to keep in Sri Lanka's NTB till 2020, but cut voting rights

Sri Lanka's John Keells Holdings has been permitted by the regulator to retain a 29.9 percent stake in Nations Trust Ban...

November 6, 2017 1 min read

Sri Lanka's Union Bank Sept net up 13-pct, strong asset growth

Sri Lanka's Union Bank group, said profits grew 13 percent from a year earlier to 150.9 million rupees in the September ...

October 27, 2017 1 min read

Ex-Citi banker appointed Chairman of Sri Lanka's Union Bank

Sri Lanka's Union Bank of Colombo Plc said Atul Malik, a former Citi banker who also headed Vietnam's Maritime Bank had ...

October 27, 2017 1 min read

Sri Lanka’s People’s Leasing Sept quarter net down 16-pct

ECONOMYNEXT - Sri Lanka’s People’s Leasing & Finance (PLC) said net profit for the September 2017 quarter ...

October 26, 2017 2 min read

Sri Lanka banks given three years to boost capital

Sri Lanka's central bank has given three years for licensed bank to increase their capital to reach Basel III standards.

October 26, 2017 1 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's LB Finance get nod for Myanmar unit

Sri Lanka's LB Finance Plc, a publicly traded licensed non-bank lender said it will set up a 99 percent unit in Myanmar.

October 21, 2017 1 min read

Sri Lanka’s Dialog to curb loan portfolio, deposits of Colombo Trust Finance

ECONOMYNEXT – Sri Lankan celco Dialog Axiata said it will retain all employees of Colombo Trust Finance, a financ...

October 13, 2017 2 min read

Sri Lanka's PABC gets US$33mn credit line for renewable energy

Sri Lanka's PABC Bank said it had wrapped up a 33 million US dollar credit line from an international climate change fun...

October 10, 2017 1 min read

Fitch confirms ratings on small and mid-sized Sri Lankan banks

ECONOMYNEXT - Fitch Ratings Lanka said it has confirmed the National Long-Term Ratings on five small and mid-sized Sri L...

October 3, 2017 8 min read

Sri Lanka commercial bank loan volumes ease; CB credit negative in July

Sri Lanka's bank credit to private and state fell to 32 billion rupees in July 2017 from 64 billion rupees a month earli...

October 2, 2017 2 min read

Sri Lanka to provide agri-insurance with NITF

Sri Lanka's state-run National Insurance Trust Fund will prepare a plan to insure key agricultural crops up to 40,000 ru...

September 28, 2017 1 min read

Capital of Sri Lanka's Bank of Ceylon raised

The paid up capital of Sri Lanka's state-run Bank of Ceylon has been raised from 10 billion rupees to 15 billion rupees,...

September 15, 2017 1 min read

Sri Lanka insurance premiums to rise after frequent floods; NITF hit: Fitch

Sri Lanka's re-insurance premiums on flood cover is likely to rise after a spate of unusual rainfall and insurers has to...

September 13, 2017 5 min read

Sri Lanka’s Dialog Telecom enters financial sector buying non-bank lender

ECONOMYNEXT – Sri Lankan celco Dialog Axiata has bought a controlling stake in Colombo Trust Finance PLC, a finan...

September 12, 2017 2 min read

Sri Lanka insurance firms face higher tax bill under new law

ECONOMYNEXT – Sri Lankan insurance companies are likely to face higher tax expenses under a new tax law that was ...

September 12, 2017 2 min read