Finance and Leasing

Licensed Banks to come under requirements to implement Recovery plans

Sri Lanka’s Licensed Banks come under requirements to implement Recovery plans in order to strengthen crisis preparedness and to enhance…

Sri Lanka’s Banks are unlikly to return to Pre-covid proftiability levels next year, Fitch Ratings said in a special report.…

The Board of Directors of Commercial Bank has resolved to appoint Justice K. Sripavan as the New Chairperson of the…

The Central Bank (CB) announced that Yvette Fernando, Dhammika Nanayakkara promoted as Deputy Governors to fill the positions vacated by…

The Bank for International Settlements’ (BIS) Innovation Hub joined the Swiss National Bank (SNB) and financial infrastructure operator, SIX, in…

Sri Lanka’s gross financing needs are projected to top $20 billion next year, a 22.3 percent increase compared to this…

Sri Lanka’s banks would be reluctant to absorb their finance and leasing companies (FLC) due to the significant difference between their…

First Capital Research predicted a 50% chance for a policy rate cut by the Central Bank (CB) at its upcoming…

The Monetary Board of the Central Bank (CB) has thrown out the time-bound repayment plans submitted by two illegal Finance…

The government announced a Special Goods and Services Tax (GST) to be introduced for telecommunication, alcohol, cigarettes, vehicles, and betting…