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Friday November 13th, 2026
Finance

Sri Lanka banks asked not to compete for deposits: CB Governor

We have made a request for banks not to compete for deposits

November 30, 2022 3 min read

Kevin Green to head HSBC wholesale banking in Sri Lanka, Maldives

To support firms expanding internationally

November 30, 2022 1 min read

Sri Lanka bank resolution framework cleared by cabinet

To come as Banking (Special Provisions) Act

November 22, 2022 1 min read

Sri Lanka banks facing challenges in current crisis as bad loans spike: Central Bank

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November 10, 2022 2 min read
Sri Lanka announces relief package for SMEs

The SMEs which meet the below mentioned criteria are eligible to enter the proposed relief package.

Sri Lanka financial institution interest in green finance, but face lack of awareness: CSF report

Financial institutions reported that their SME customers have limited understanding on green products and potential

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
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 Lankan bank profits under pressure: Moody's

ECONOMYNEXT - Moody's Investors Service has said the outlook for Sri Lanka's banking system is negative, with both asset...

August 31, 2017 2 min read

Sri Lanka Citibank branch 'AAA(lka)' rating confirmed by Fitch

Fitch Ratings has confirmed an 'AAA(lka)' rating of the Colombo branch of Citibank N.A with a stable outlook.

August 29, 2017 3 min read

Sri Lanka Treasuries yields up for second week

Sri Lanka's Treasuries yield rose across maturities at Wednesday's auction, with the three month yield rising 10 basis p...

August 23, 2017 2 min read

Sri Lanka's Janashakthi Insurance net down in June

Profits at Sri Lanka's Janashakthi Insurance fell 50 percent to 135 million rupees in the June 2017 quarter from a year ...

August 17, 2017 1 min read

Sri Lanka's Ceylinco Insurance June quarter net profit up 75-pct

ECONOMYNEXT - Sri Lanka's Ceylinco Insurance Plc said net profits rose 75 percent in the June 2017 quarter to 894 millio...

August 16, 2017 1 min read

Sri Lanka's Bank of Ceylon profits dip with loss provisions

Profits at Sri Lanka's state-run Bank of Ceylon group fell 9.6 percent to 4.44 billion rupees in the June 2017 quarter a...

August 15, 2017 2 min read

Sri Lanka's HNB's profits flat in June quarter

Profits at Sri Lanka's Hatton National Bank group, which has an insurance unit edged up 2 percent to 3.4 billion rupees ...

August 14, 2017 1 min read

Sri Lanka's Commercial Bank net up 17-pct in June

Sri Lanka's Commercial Bank of Ceylon said net profits rose 17.8 percent from a year earlier to 3.8 billion rupees in th...

August 14, 2017 2 min read

Flood hit borrowers in Sri Lanka to get 3-month interest waiver

Sri Lanka's flood-hit borrowers can get concessions including interest waivers for three months from lenders, but many w...

August 14, 2017 1 min read

Fitch upgrades Sri Lanka Insurance Corp's rating to 'AA+(lka)'

ECONOMYNEXT - Fitch Ratings has upgraded Sri Lanka Insurance Corporation Limited's (SLIC) National Insurer Financial Str...

August 11, 2017 4 min read