An Echelon Media Company
Friday November 13th, 2026
Finance

Sri Lanka's People's Leasing net down 37-pct in March

Higher taxes reduce bottomline

June 2, 2022 1 min read

Sri Lanka's People's Bank clarifies NPA treatment

Non performing loans go through a recovery process

June 1, 2022 2 min read

Sri Lanka's People's Bank profits Rs7.4bn in March quarter

Times are extraordinary with the macro stresses clearly unprecedented

May 30, 2022 2 min read

Sri Lanka's insurance losses from anti-Rajapaksa riots to top billion rupees: Fitch

We believe gross losses from the riots are likely to exceed LKR1 billion

May 27, 2022 4 min read

Sri Lanka's Commercial Bank net up 25-pct in Dec quarter

Profits at Sri Lanka's Commercial Bank of Ceylon rose 25 percent from a year earlier to Rs4.3 billion in the December 20...

February 23, 2017 1 min read

Sri Lanka’s NDB December profit down on higher impairment charges, taxes

ECONOMYNEXT – Sri Lanka’s National Development Bank (NDB) said December 2016 quarter group net profit fell...

February 22, 2017 3 min read

Sri Lanka to raise at least US$450mn from 3-year loan

Sri Lanka will raise at least 450 million dollars from a syndicated loan for which the government has selected 6 banks, ...

February 22, 2017 1 min read

Sri Lanka's NITF re-insures agricultural cover

Sri Lanka's National Insurance Trust Fund (NITF) said it had re-insured its agricultural insurance internationally with ...

February 17, 2017 1 min read

Fitch raises outlook on Sri Lanka's BOC, NSB and People's Leasing

Fitch Ratings had raised the outlook on state-run Bank of Ceylon, National Savings Bank and Peoples Leasing Plc, a unit ...

February 15, 2017 3 min read

Fitch upgrades Sri Lanka Insurance Corp's outlook to stable

ECONOMYNEXT – Fitch Ratings said it has revised the outlook on Sri Lanka Insurance Corporation's (SLIC) Insurer F...

February 14, 2017 2 min read

Sri Lanka's Multi Finance capitalized by Fairway Holdings

Fairway Holdings (Pvt) Ltd, a property developer will inject 550 million rupees to capitalize Multi Finance Plc, a firm ...

February 9, 2017 1 min read

Central bank to discuss strong credit at Sri Lanka state lenders: Governor

Sri Lanka's central bank will discuss strong credit growth at state banks, which may undermine monetary policy transmis...

February 8, 2017 1 min read

Sri Lanka slides deeper into directed lending, extending Mahinda Rajapaksa legacy

Sri Lanka's economic policy slid deeper into state interventionism and away from the 'social market economy' that was pr...

February 6, 2017 2 min read

Sri Lanka state banks to part finance central expressway

ECONOMYNEXT - Sri Lanka's state-run Bank of Ceylon and National Savings Bank will loan Rs23.2 billion to finance a secti...

February 1, 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 332.3603 330.8514
UK Pound 440.9424 438.3450
Euro 368.4879 371.0168
Yen 2.0805 2.0916
Aus Dollar 227.4342 231.1659
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5474 3.4202
Korean Won 0.2492 0.2479
Oman Rial 863.2287 859.3320
Saudi Riyal 88.5586 88.0955
UAE Dirham 90.4874 90.0766
Source: Central Bank/Indicative
pts %
S&P SL20 6,365.57 +0.26%
CSE All Share 22,157.40 +0.56%
Turnover Rs 2975.05 million 1193.67 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 Amãna Bank seeks investment from ICD

ECONOMYNEXT – Sri Lanka’s Amãna Bank said it is in talks with Islamic Corporation for the Development o...

January 30, 2017 1 min read

Sri Lanka bans Swarnamahal Financial Services related party transactions

ECONOMYNEXT – Sri Lanka’s markets regulator has prohibited Swarnamahal Financial Services (SFS) from relat...

January 18, 2017 1 min read

Sri Lanka slams credit squeeze on three wheelers, cars

Sri Lanka has slammed a credit squeeze on three wheelers, which has stepped into a breach left by a low-quality, highly ...

January 18, 2017 2 min read

Sri Lanka to give resident visas for large foreign depositors in banks

Sri Lanka will give a 5-year resident visa for foreign individuals who deposit $300,000 in banks and rights to lease lan...

January 12, 2017 1 min read

Stuart Chapman to head Janashakthi Life

Sri Lanka's Janashakthi Insurance group had appointed Stuart Chapman as Director/Chief Executive Officer from January 01...

January 9, 2017 1 min read

Sri Lanka ready to start licensing microfinance companies: CB Governor

Sri Lanka is ready to license micro-finance companies, Central Bank Governor Indrajit Coomaraswamy said after a new laws...

January 5, 2017 1 min read

Sri Lanka central bank to promote ‘Green Financing’

Sri Lanka plans to promote ‘green financing’ to encourage businesses to conserve resources and better prote...

January 4, 2017 1 min read

New Sri Lanka central bank unit to prosecute directors of failed finance firms

ECONOMYNEXT – Sri Lanka’s Central Bank will set up an ‘Enforcement Unit’ to prosecute boards ...

January 3, 2017 1 min read

Sri Lanka to hike capital for leasing and finance companies

Sri Lanka will hike capital requirements for finance companies to Rs2.0 billion and leasing companies to Rs1.0 billion, ...

January 3, 2017 1 min read

Sri Lanka Abans Finance to raise Rs Rs277mn from rights issue

ECONOMYNEXT – Sri Lanka's Abans Finance plans a one for five rights issue of 11 million ordinary shares at Rs25 e...

December 28, 2016 1 min read