The Sri Lankan land market is gaining renewed strength, with Colombo and the broader Western Province leading the way in price growth, according to the latest …
Loan book grows by Rs 116.75 Bn. in 3 months to Rs 1.642 Tn.Net interest income up 23.53% to Rs 34.21 Bn.Improves provision cover and interest margin alongside …
Fitch Ratings has assigned Seylan Bank PLC's (A+(lka)/Stable) proposed Sri Lankan rupee-denominated, Basel III-compliant subordinated debentures of up to LKR15 …
Fitch Ratings has assigned Bank of Ceylon's (BOC, CCC+/CCC+/AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures …
Fitch Ratings expects Sri Lanka's state banks to continue to report weaker regulatory capital ratios than systemically important private banks, despite …
Fitch Ratings has assigned Siyapatha Finance PLC's (A(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured debentures of up to LKR5 billion an …
The Asian Development Bank’s (ADB) flagship economic publication, the Asian Development Outlook (ADO) April 2025, forecasts Sri Lanka’s recovery to …
The Commission to Investigate Allegations of Bribery and Corruption (CIABOC) has officially launched the National Anti-Corruption Action Plan (NACAP) 2025-2029 …
Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (COMB; AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated green …
Sri Lanka’s apparel industry has expressed its concern over the Reciprocal Tariff policy announced by the U.S regime earlier today. The new tariffs proposed …
Fitch Ratings has assigned Sri Lanka-based State Mortgage & Investment Bank (SMIB) a first-time National Long-Term Rating of 'BB(lka)'. The Outlook is …
Serendib Frontier Capital has successfully structured and placed Rs. 475 million in Tier II qualifying subordinated debt for Merchant Bank of Sri Lanka & …
Net reversal of Rs 62 Bn. in impairment provisions compensates for loss from sovereign bonds restructuring Further accelerates lending with loan book …
Sri Lanka's Central Bank has issued a warning regarding the unauthorized use of the terms ‘finance,’ ‘financing,’ and ‘financial’ in business names …
Net Interest Income - Rs. 12.13 billion, up by 18%Net Fee and Commission Income - Rs. 1.90 billion, up by 24%Operating Profit before Taxes on Financial …
The Capital Gain Tax (CGT) rate applicable for individuals and partnerships will be increased to 15%. The CGT rate applicable for all other entities will be …
Hatton National Bank PLC (HNB), Sri Lanka’s second largest Private Bank, announced the successful acquisition of full ownership of Acuity Partners (Pvt) Ltd …
The Commercial Bank of Ceylon has announced that ComBank Digital, the Bank’s digital banking platform, is now linked with the Central Depository System (CDS) …
Sri Lankan DFCC Bank PLC’s (DFCC, A(lka)/Stable) divestment of its 50% stake in Acuity Partners (Pvt) Limited (APL) is unlikely to result in a material …
Lord John Hannett of Everton OBE has been appointed as the new United Kingdom’s Trade Envoy for Sri Lanka. Lord Hannett will support the UK’s trade and …