Kicking off the much anticipated banking sector earnings for the June quarter, Pan Asia Banking Corporation PLC (PABC) led the pack by reporting mostly stable performance for the quarter despite some softening in the amount of loans it extended in th

​HNB PLC announced the attainment of ISO 9001:2015 certification for its Centralized Credit Operations and Credit Administration Departments, reinforcing its dedication to service excellence and quality management.

The Securities and Exchange Commission of Sri Lanka (SEC) and The Colombo Stock Exchange (CSE), in collaboration with the Asian Development Bank (ADB) hosted an issuer forum titled ‘Towards a Greener Horizon: Unlocking Opportunities through Sustain

HSBC Sri Lanka has been recognised as the Best International Bank in Sri Lanka by Euromoney, in its Awards for Excellence 2024.

The secondary market experienced mixed sentiment amidst limited activities and thin trading volumes, ahead of the upcoming monetary policy announcement scheduled for the 24th of this week.

HNB PLC unveiled ‘HNB Self-Onboarding’, a transformative digital banking solution that allows customers to open an HNB account entirely online.

Commercial Bank of Ceylon has received a globally recognised Second-Party Opinion (SPO) for the bank’s Sustainable Bond Framework from Sustainable Fitch, the Fitch Solutions company that provides environmental, social and governance (ESG)-related r

Merchant Bank of Sri Lanka & Finance PLC (MBSL) received approval in principle from its board....

Unisyst Engineering Plc of Hayleys Group, announced this week the end of the exit offer pertaining to the desliting of ordinary shares of the company from the official list of the Colombo Stock Exchange (CSE).

Seylan Bank’s debenture issue 2024 closed after oversubscription on the opening day (July 10), raising Rs.10 billion. In a filing to the Colombo Stock Exchange (CSE), Seylan Bank shared that it received applications for over 100,000,000 debentures.

Worker remittances brought into Sri Lanka through the MMBL-Money Transfer network has witnessed a 44 percent growth to US$ 159. 3 million in the first half of 2024. MMBL-Money Transfer represented a 5 percent share of Sri Lanka’s total worker remit

Sri Lanka’s outstanding credit card balance slipped in May after rising in April in a sign that people are still reluctant to use credit card debt due to exponentially high rates which are long overdue for correction.

The Commercial Bank of Ceylon’s and Sri Lanka’s largest ever debenture issue by a private bank closed after oversubscription on its opening day (July 2) raising Rs. 20 billion for Sri Lanka’s biggest private sector bank, and demonstrating inves

Secondary market activities continued to see lackluster movement during yesterday as investors resorted to sidelinesawaiting the weekly auction outcome.

In a visionary step towards fostering economic growth and innovation, Bank of Ceylon (BOC) announces the launch of its Unveil the Dream 2024: Youth Empowerment Programme.

People’s Bank celebrated World Micro, Small, and Medium-sized Enterprises Day by launching the People’s Spark....

Pan Asia Bank opened its cutting-edge Digital Zone at the Gampaha branch, located at No 15, Rest House...

Marking a milestone initiative to strengthen Sri Lanka’s dairy industry, DFCC Bank announced the allocation of Rs. 500 million....

The Sri Lanka Banks’ Association (SLBA) strongly refuted recent criticisms from two senior lawmakers, labelling the comments as “misconceived, inaccurate, misleading, and unhelpful.”

In a bid to iron out the escalating microfinance issue in Sri Lanka, the Consultative Committee on Minimising the Effects....

The Central Bank of Sri Lanka (CBSL) has expanded its Governing Board, with the appointment of two new members.

Continuing its months-long streak, the Central Bank purchased another US $ 245.3 million in foreign exchange from the domestic banking system and sold nothing in January.

Earnings from remittances from Sri Lankan migrants rose by 11.4 percent in January 2024 to US$ 487.6 million, continuing....

In December 2023, the net credit extended to the government by the banking system surged by more than half a trillion rupees....

In a seminal move to fortify Sri Lanka’s agricultural landscape, People’s Bank has entered into a memorandum of understanding....

Alliance Finance Company, further expanding its portfolio of financial services, launched its inwards foreign remittance service ....

The corporate landscape is currently grappling with a surge in bank account seizures by the Inland Revenue Department ...

Gross official reserves held by the Central Bank continued to build up as increased current account inflows in recent times mostly helped it to remain a net buyer of foreign currency from the domestic banking system.

The operating environment for the Sri Lankan finance and leasing company (FLC) industry is expected to continue to stabilise, following the inflation and interest rate shocks over the past two years, Fitch Ratings said yesterday.

Marking a key milestone in the country’s payment industry, the Central Bank’s new real-time gross settlement (RTGS) system....