An Echelon Media Company
Friday November 13th, 2026
Finance

Sri Lanka's Bank of Ceylon 'CCC' rating place on watch for possible downgrade

Constrained access to foreign currency funding and indications of stress experienced by banks in the system as result

April 13, 2022 8 min read

Sri Lanka state private banks on watch for downgrade: Fitch

On heightened forex risks

April 13, 2022 4 min read

Sri Lanka President appoints his former lawyer as finance minister in temporary cabinet

Sri Lanka Parliament meets on Tuesday, April 5.

April 4, 2022 2 min read

Sri Lanka CEB struggles to pay for coal, salaries amid tariff hike delay: report

State banks heavily exposed to energy utilities

March 29, 2022 2 min read
Sri Lanka finance companies invest in treasuries, repos amid vehicle import ban

Total investments had grown at double the pace of credit at 22.6 percent

Sri Lanka banks, SMEs meet at Presidents office to discuss parate law, loans

Law on parate execution or deciding on auctioning collateral of defaulted loans by banks has been suspended till Dec 15

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
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 private credit steady in July 2016

Sri Lanka's commercial banks loaned Rs62.80 billion to private businesses in July 2016, down from Rs75.9 billion a month...

October 3, 2016 1 min read

Sri Lanka’s Commercial Bank starts Maldives operations

ECONOMYNEXT – Sri Lanka’s Commercial Bank of Ceylon said its Maldivian unit, the Commercial Bank of Maldiv...

September 26, 2016 2 min read

Sri Lanka's Asian Alliance to become Softlogic Life Insurance

ECONOMYNEXT - Sri Lanka's Asian Alliance Insurance PLC is to change its name to Softlogic Life Insurance PLC following t...

September 20, 2016 1 min read

Sri Lanka’s Commercial Bank launches new series of ATM machines

ECONOMYNEXT - Commercial Bank of Ceylon said it has launched a new generation of machines that offers several new advanc...

September 19, 2016 2 min read

Nanda Fernando made Sampath Bank Sri Lanka boss

Sri Lanka's Sampath Bank Plc said Nanda Fernando, a 29-year veteran at the bank will be made Managing Director with the ...

September 9, 2016 1 min read

Sri Lanka's troubled finance company resolution process on the way: Central Bank

Sri Lanka's central bank said an asset management company to take over bad debts and inject capital into troubled financ...

September 9, 2016 4 min read

Sri Lankan bankers urge shift to digital payments

Sri Lanka needs to encourage a shift to digital payments, and reduce cash and cheque transactions without further delay,...

September 9, 2016 2 min read

Sri Lanka bank credit surges in June 2016: CB credit Rs48bn

Sri Lanka's bank credit surged to Rs110 billion in June 2016 from Rs44.6 billion a month earlier, including Rs48 billion...

September 5, 2016 2 min read

Visa opens office in Sri Lanka as business expands

Visa, a global payments company, said it had opened an office in Sri Lanka amid the expansion of business in the country...

September 4, 2016 1 min read

Sri Lanka state banks have to find own capital, be efficient: Minister

Sri Lanka's state banks will have to find capital without public help, become more efficient and enhance governance, Dep...

September 2, 2016 2 min read