An Echelon Media Company
Friday November 13th, 2026
Finance

Sri Lanka's UBC net down 24-pct in Sept 2021

Net interest income fall amid debt moratorium

November 1, 2021 2 min read

Sri Lanka's UBC net down 24-pct in Sept 2021

Profits at Sri Lanka’s Union Bank of Colombo (UBC) group fell 24 percent to 182 million rupees from a year earlier

October 31, 2021 2 min read

Sri Lankas's DFCC profits up three-fold in Sept21 quarter

Net interest income sharply up

October 31, 2021 2 min read

Sri Lanka's Seylan Bank net up 86-pct in Sept 2021

Interest costs fall

October 30, 2021 2 min read
Sri Lanka’s Bank of Ceylon raises Rs15bn in debenture issue

The debentures were issued at 100 rupees each to raise 5 billion, with an option to issue a further tranches

Sri Lanka's Co-operative Insurance rated 'BB(lka)' by Fitch, outlook stable

Expect underwriting profit to rise gradually with better governance practices,

Bangladesh Bank exposed to hackers by cheap switches, no firewall-police

DHAKA, April 21 (Reuters) - Bangladesh's central bank was vulnerable to hackers because it did not have a firewall and u...

April 22, 2016 3 min read

Bangladesh says has identified 20 foreign suspects in cyber theft

DHAKA, April 18 (Reuters) - Bangladeshi investigators have identified 20 foreigners - 12 Philippine nationals and eight ...

April 19, 2016 2 min read

Bangladesh team in Sri Lanka to probe central bank heist

ECONOMYNEXT - A team from Bangladesh has come to Sri to gather information on 20 million dollars of stolen money transfe...

April 13, 2016 1 min read

Sri Lanka bank borrowings dominated by CB credit in January

ECONOMYNEXT - Sri Lanka's state borrowings from the central bank rose to a record 106.6 billion rupees in January 2016, ...

April 6, 2016 2 min read

Sri Lanka's Sampath Bank expects to top 20-pct loan growth in 2016

ECONOMYNEXT - Sri Lanka's Sampath Bank Plc expects to top 20 percent loan growth with debt sales and foreign loans suppl...

April 4, 2016 3 min read

Sri Lanka finance companies at risk from soaring micro-credt: Fitch

ECONOMYNEXT - Sri Lanka's non-bank lenders or finance companies are at risk from micro-finance which has soared from 4 p...

April 1, 2016 2 min read

Sri Lankan in Bangladesh cyber heist says she was set up by friend

(Reuters) - When Hagoda Gamage Shalika Perera, a small Sri Lankan businesswoman, got a deposit of $20 million in her acc...

Shihar Aneez
April 1, 2016 5 min read

ADB pioneers auctions of SME re-finance funds with Sri Lanka

ECONOMYNEXT - The Asian Development Bank is staring its first auction of a 12.5 million dollar tranche of re-finance fun...

March 28, 2016 2 min read

Sri Lanka retailer expand solar powered outlets with IFC finance

ECONOMYNEXT - Sri Lanka's Richard Pieris Distributors will get 15 million US dollars to expand its retail chain, with so...

March 22, 2016 2 min read

Sri Lanka Cargills Bank losses widen, adds branches

ECONOMYNEXT – Sri Lanka’s Cargills Bank group made a loss of 78 million rupees in the December 2015 quarte...

March 14, 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 to tighten oversight on small-lenders but not eliminate them: CB Governor

ECONOMYNEXT - Sri Lanka is looking to tighten oversight and governance of small lenders and not eliminate them through c...

March 14, 2016 3 min read

Sri Lanka banker stops billion dollar bank heist

(Reuters) - A spelling mistake in an online bank transfer instruction helped prevent a nearly $1 billion heist last mont...

March 13, 2016 5 min read

Malware suspected in Bangladesh bank heist -officials

DHAKA, March 11 (Reuters) - Investigators suspect unknown hackers installed malware in the Bangladesh central bank's com...

March 12, 2016 4 min read

Sri Lanka's Asian Alliance Insurance Dec net up 154-pct, expands branches

ECONOMYNEXT - Profits at Sri Lanka's Asian Alliance Insurance in the December 2015 quarter rose 154 percent to 565 milli...

March 11, 2016 2 min read

Sri Lanka’s Janashakthi Insurance chairman to retire

ECONOMYNEXT – Sri Lanka’s Janashakthi Insurance PLC said incumbent non-executive chairman and director W. ...

March 4, 2016 1 min read

Sri Lanka's Hatton National Bank expects 15-pct credit growth in 2016

ECONOMYNEXT - Sri Lanka's Hatton National Bank is expecting to grow its loan book 15 percent in 2016, driven by small an...

March 3, 2016 2 min read

Fitch downgrades Sri Lanka banks, non-bank lender

ECONOMYNEXT - Sri Lanka state-run Bank of Ceylon, National Savings Bank has been downgraded to 'B+' from 'BB-' following...

March 2, 2016 6 min read

Sri Lanka Insurance Corporation downgraded by Fitch

ECONOMYNEXT - Fitch Ratings has downgraded Sri Lanka Insurance Corporation to 'B+' from 'BB-' with a negative outlook, f...

March 2, 2016 2 min read

Sri Lanka’s NTB December net up 21-pct, bond losses curb annual profit

ECONOMYNEXT – Sri Lanka’s Nations Trust Bank said December 2015 quarter net profit rose 21 percent to 675 ...

February 29, 2016 2 min read

Sri Lanka's Janashakthi Insurance Dec net up 37-pct

ECONOMYNEXT - Profits at Sri Lank's Janashakthi Insurance Plc in the December 2015 quarter rose 37 percent from a year e...

February 29, 2016 1 min read