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Friday November 13th, 2026
Finance

Sri Lanka banks asked not to auction loan security till March, interest relief

Vehicle 'bubble' to be curbed

October 1, 2021 1 min read

Sri Lanka Central Bank issues circular on Stage III Covid linked bad loans

Banks with the approval of the Board of Directors were asked to set guidelines for loan impairment.

October 1, 2021 1 min read

Sri Lanka lifts price control on T-bills in key stability move

The controls had been in place from April 2020 and had had driven liquidity injections and reserve losses

September 16, 2021 3 min read

Sri Lanka finance companies hit by import controls: Fitch

The higher prices have supported loan recoveries from repossession in the near term but may expose firms to price falls

September 16, 2021 2 min read
Sri Lanka’s DFCC Bank to list Rs2bn green bond issue

The green bond issuance, a first, will benefit the solar sector in the country, the bank said.

Sri Lanka private credit expands in July, SOE down

Government credit also positive

Concerns raised over Sri Lanka foreign depositor scheme

ECONOMYNEXT - Raising concerns over a scheme to draw foreign deposits to Sri Lanka's banking system a civil society acti...

February 15, 2016 6 min read

Sri Lanka's NDB Bank Dec net up 46-pct with strong loan growth

ECONOMYNEXT - Profits at Sri Lanka's NDB Bank rose 46 percent to 1,254 million rupees in the December 2015 quarter from ...

February 15, 2016 2 min read

Sri Lanka Janashakthi makes Rs940mn profit on property sale to Sanken

ECONOMYNEXT – Sri Lanka’s Janashakthi Insurance PLC said it had made a profit of 940 million rupees on the...

February 1, 2016 1 min read

Sri Lanka bank credit falls in November with sovereign bond

ECONOMYNEXT - Credit from Sri Lanka's banking system to the government fell in November 2016 with the proceeds of an int...

February 1, 2016 2 min read

Janashakthi completes merger with AIA Sri Lanka unit

ECONOMYNEXT – Janashakthi Insurance PLC said it has completed the amalgamation of Janashakthi General Insurance L...

January 31, 2016 1 min read

Sri Lanka drawing up laws for off-shore banking centre with Dubai backing

ECONOMYNEXT - Sri Lanka is drawing up a legal framework to give comfort to users of a planned Colombo International Fina...

January 30, 2016 2 min read

Sri Lanka central bank gets new deputy governor

ECONOMYNEXT - Assistant Governor of Sri Lanka’s central bank S. Lankathilake has been promoted to the post of Dep...

January 27, 2016 1 min read

Sri Lanka's People's Leasing eyes, Bangladesh, Myanmar, Vietnam

ECONOMYNEXT - Sri Lanka's People's Leasing and Finance Plc, the country's largest non-bank lender is mulling expanding i...

January 12, 2016 1 min read

Sri Lanka's People's Insurance falls below offer price

ECONOMYNEXT - Sri Lanka's People's Insurance Company Plc fell below its offer price of 15.00 rupees to trade at 14.80 r...

January 12, 2016 1 min read

Sri Lanka secures support for Swiss bank account probe

ECONOMYNEXT – Switzerland has agreed to support Sri Lanka’s probe into alleged Swiss bank accounts maintai...

December 29, 2015 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 to re-insure domestic re-insurer NITF

ECONOMYNEXT - Sri Lanka will seek international re-insurance for the National Insurance Trust Fund, a domestic state-con...

December 18, 2015 1 min read

Sri Lanka's People's Insurance Rs750mn IPO oversubscribed

ECONOMYNEXT - An initial public offer by Sri Lanka's People's Insurance Plc, a unit of listed People's Leasing, of 50 mi...

December 16, 2015 2 min read

Sri Lanka motor insurance growth seen slowing next year

ECONOMYNEXT – Rapid growth in Sri Lanka’s motor insurance sector is expected to slow down next year with t...

December 15, 2015 1 min read

Sri Lanka to revisit budget moves that harm banks amid strike threat

ECONOMYNEXT - Sri Lanka's Prime Minister Ranil Wickramasinghe said the administration is willing to consider alternative...

December 14, 2015 2 min read

Sri Lanka insurers stable despite rule changes, more transparency: Fitch

ECONOMYNEXT – Sri Lanka’s insurance sector is expected by Fitch Ratings to stay stable despite uncertainty...

December 14, 2015 2 min read

Sri Lanka bank credit soars to new historic high amid heavy money printing

ECONOMYNEXT - Sri Lanka's bank credit to private sector, state enterprises and central government had soared to a new hi...

December 9, 2015 2 min read

Insurance seen replacing subsidies in Sri Lanka

ECONOMYNEXT – New insurance products could replace unsustainable subsidies in Sri Lanka which have failed to adeq...

December 7, 2015 2 min read

Sri Lanka's People's Insurance Plc in Rs750mn IPO

ECONOMYNEXT - Sri Lanka's People's Insurance Plc, a unit of listed People's Leasing is selling 50 million shares at 15 r...

December 3, 2015 1 min read

Sri Lanka LB Finance gets 'A-(lka)' Fitch rating

ECONOMYNEXT - Fitch Ratings said it has assigned LB Finance PLC a National Long-Term Rating at 'A-(lka)' with a Stable O...

December 2, 2015 3 min read

Sri Lanka banks hit by tax hikes, leasing ban, possible deposit drain

ECONOMYNEXT - Sri Lanka's commercial banks could be hit by a triple whammy of higher corporate and deemed value added ta...

November 30, 2015 3 min read