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Friday November 13th, 2026
Finance

Sri Lanka central bank advances more dollars to banks

Total advanced to banks through swaps have risen to US$351mn

May 9, 2022 2 min read

Sri Lanka seeks forex liquidity support for state banks from AIIB

Minister Ali Sabry discussed the need for FOREX liquidity support for the state banks of Sri Lanka

May 9, 2022 1 min read

Sri Lanka tightens bank dividends, profit repatriation to preserve capital

Banks were also asked not to buy back shares, to use "extreme due diligence and prudence" in capex

May 8, 2022 1 min read

Sri Lanka Insurance Corporation downgraded to CC by Fitch amid broken soft-peg

Fitch believes counterparty risk of SLIC's foreign-currency assets have risen

April 23, 2022 7 min read
Sri Lanka's Commercial Bank net up 100-pct, credit expands

While credit to customers increased, investments in debt securities were down from a year ago

EXPLAINER: Possible policy impacts on Sri Lanka’s banking sector after parliament polls

Sri Lanka banking sector faced a crisis after 2022 sovereign debt default

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
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 Janashakthi net up 12-pct in Sept quarter

Profits at Sri Lanka's Janashakthi Insurance Plc rose 12 percent from a year earlier to Rs159.1 million in the September...

November 17, 2016 1 min read

Sri Lanka's Sampath Bank net up 37-pct in Sept

Profits at Sri Lanka's Sampath Bank Plc, rose 37 percent to 2.59 billion rupees from a year earlier, helped by higher in...

November 4, 2016 1 min read

Sri Lanka to pay Rs4bn to Golden Key depositors, sell assets

ECONOMYNEXT – Sri Lanka’s finance ministry is to release Rs4 billinn to pay depositors of the failed Golde...

October 27, 2016 1 min read

Sri Lanka’s People’s Leasing & Finance Sept net down 9.8-pct

ECONOMYNEXT – People’s Leasing & Finance’s net profit for the September 2016 quarter fell 9.8% to R...

October 26, 2016 1 min read

Sri Lanka FIU, Inland Revenue to fight tax evasion

ECONOMYNEXT – The Financial Intelligence Unit (FIU) of Sri Lanka has entered into a Memorandum of Understanding w...

October 24, 2016 1 min read

Sri Lanka Commercial Bank debenture oversubscribed, raises Rs7bn

ECONOMYNEXT – Sri Lanka’s Commercial Bank of Ceylon said its debenture issue which opened on Monday, 24 Oc...

October 24, 2016 1 min read

Entrust, 3 Sri Lanka finance company depositors to be repaid: central bank

Sri Lanka's Central Bank said customers of Entrust Securities, a primary dealer in government securities, and three fina...

October 18, 2016 5 min read

Sri Lanka Fitch downgrades PABC, confirms ratings of 04 small, mid-size banks

ECONOMYNEXT - Fitch Ratings Lanka has downgraded Pan Asia Banking Corporation's (PABC) National Long-Term Rating to 'BBB...

October 17, 2016 8 min read

Sri Lanka FIU, immigration join hands to fight money laundering

ECONOMYNEXT – The Financial Intelligence Unit (FIU) of Sri Lanka has entered into a Memorandum of Understanding w...

October 6, 2016 1 min read

Thai Group Lease to buy stake in Sri Lanka finance firm for $70 mln

BANGKOK, Oct 3 (Reuters) - Thai motorcycle lessor Group Lease PCL has acquired a 30 percent stake in Sri Lanka's Commerc...

October 3, 2016 2 min read