Sri Lanka Banking System Repays Debt and Builds FX Reserves of US$7.4 Billion Since Default
Since Sri Lanka’s selective default in April 2022, the country’s banking system, including the central bank and commercial banks, has repaid or built.
Finance
Finance
Sri Lanka’s Financial System Set for Recovery Amid Asset Quality Gains and Stronger Capital Buffers
Sri Lanka’s financial system is on the path to recovery, with expectations of improved asset quality and strengthened capital buffers, according to the.
- October 14, 2024
Finance
Chamber and SLBA Strengthen Partnership for Sustainable Finance
The Ceylon Chamber of Commerce and the Sri Lanka Banks’ Association (SLBA) have formalized and strengthened their partnership by signing a Memorandum of.
- October 10, 2024
Finance
Janashakthi Life Expands Reach with New Branch in Matugama
Janashakthi Life, a leading name in Sri Lanka’s insurance industry, has launched a new branch in Matugama, expanding its reach and making life.
- October 9, 2024
Finance
Pan Asia Bank Introduces Housing Loan Package with Solar Energy Option
Pan Asia Bank is revolutionizing homeownership by offering more than just a loan; it provides innovative, customized solutions to make securing a home.
- October 9, 2024
Finance
Hareendra Dissabandara Takes Office as Chairman of Sri Lanka SEC
Senior Professor Hareendra Dissabandara has been appointed as the new Chairman of the Securities and Exchange Commission (SEC) of Sri Lanka. Dissabandara has.
- October 8, 2024
Finance
Q+ Payment App Expands Accessibility for Multi-Bank Customers Through JustPay Integration
The Q+ Payment App, powered by Commercial Bank of Ceylon, has now expanded its accessibility to customers of other banks, thanks to its.
- October 7, 2024
Finance
Credit Card Debt Sees Modest Increase in August Amid Rising Private Credit
Consumer spending via credit cards has shown signs of growth, with the total outstanding credit card debt in licensed commercial banks rising by.
- October 7, 2024
Finance
Fitch Affirms LB Finance’s National Rating at ‘BBB+(lka)’; Outlook Stable
Fitch Ratings has reaffirmed LB Finance PLC’s National Long-Term Rating at ‘BBB+(lka)’ with a Stable Outlook. The rating reflects LB Finance’s solid financial.
- October 7, 2024
Finance
IFC Acquires 14.73% Stake in Sunshine Healthcare for Rs. 3.27 Billion
The International Finance Corporation (IFC), the private sector investment arm of the World Bank, has secured a 14.73% stake in Sunshine Healthcare Lanka.
- October 7, 2024