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Friday November 13th, 2026
Finance

Sri Lanka relaxes bank capital rules to cushion bond losses as rates spike

Banks face mark-to-market losses as well as bad loans from soft-peg crisis

May 24, 2022 2 min read

Sri Lanka's Sampath Bank's Profit down by 4.9-pct

Profits at Sri Lanka’s Sampath Bank Plc fell 4.9 percent to 4.9 billion rupees in the March 2022 quarter

May 16, 2022 2 min read

Sri Lanka bank credit jump Rs1.2trn in March in soft-peg collapse

Stability of foreign exchange rates was in their eyes a mischief, not a blessing

May 16, 2022 4 min read

Sri Lanka's Commercial Bank profits up 73-pct in March 2022 quarter

Net other operating income was loss of 12.2 billion rupees, loan loss provisions were down

May 16, 2022 2 min read

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
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

Sale of Seylan Bank shares by Sri Lanka state-run bank under scrutiny

A sale of 13 million shares in Seylan Bank by state-run Bank of Ceylon is being looked into by the administration, a sen...

December 18, 2016 1 min read

Sri Lanka’s Sanasa Bank private placement to raise Rs3.3bn

ECONOMYNEXT – Sri Lanka’s Sanasa Development Bank (SDB) said it plans a private placement of ordinary shar...

December 16, 2016 2 min read

Sri Lanka's NDB downgraded to 'B'

Sri Lanka's National Development Bank's rating has been downgraded to 'B' from 'B+' with a stable outlook at the lower l...

December 9, 2016 2 min read

Fitch Ratings lowers Sri Lanka banking sector outlook to negative

Fitch Ratings said it has lowered its sector outlook for Sri Lankan banks to negative from stable, saying operating cond...

December 9, 2016 3 min read

Sri Lanka’s PABC to raise Rs2.1bn through rights issue

ECONOMYNEXT – Sri Lanka’s Pan Asia Banking Corporation (PABC) said it plans to raise Rs2,065 million from ...

December 1, 2016 1 min read

Sri Lanka banks stable; loan growth may increase bad loans: Moody's

The outlook for banks in Sri Lanka remain stable but continued loan growth driven by construction credit may increase ba...

December 1, 2016 2 min read

Sri Lanka's NDB to be headed by ex-Pan Asia, HSBC banker

Sri Lanka's NDB Bank said Dimantha Seneviratne, who ran Colombo-based Pan Asia Bank for three year would be its chief ex...

November 26, 2016 1 min read

Sri Lanka's Com Bank opens money transfer unit in Rome, eyes other cities

ECONOMYNEXT – Commex Sri Lanka S.R.L., a fully-owned subsidiary of Commercial Bank of Ceylon has inaugurated its ...

November 25, 2016 2 min read

Proposal to raise capital floor to benefit Sri Lankan banks: Fitch

ECONOMYNEXT – The Sri Lankan government’s 2017 budget proposal to double the minimum capital of licensed c...

November 24, 2016 3 min read

Sri Lanka's Cargills Bank makes Rs28mn net profit in Sept quarter

ECONOMYNEXT - Sri Lanka's Cargills Bank, part of CT Holdings Group, made a group net profit of Rs28 million in the Septe...

November 18, 2016 1 min read