Category : Banking and Finance

CBSL caps gold-backed loans at 70% LTV

The Central Bank of Sri Lanka has imposed a 70% loan-to-value cap on gold-backed loan...

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SL fuel import costs could rise 40-45% in next 3 months

A new economic outlook report warns that Sri Lanka could face higher fuel import cost...

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Commercial Bank among the first banks to partner with Port City Colombo to open a branch

Commercial Bank of Ceylon has signed an agreement to establish a fully-fledged branch...

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Exchange rate: SL will avoid reactive intervention: Minister

Sri Lankan rupee continues to depreciate against the US dollar, raising concerns over...

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LKR slumps as Asia’s worst-performing currency this month

The Sri Lankan rupee has been reported as the worst-performing currency in Asia, rais...

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Multilateral aid: Govt expects $ 700 m IMF tranche on 27 May

Sri Lanka expects to receive a $700 million IMF tranche later this month while also s...

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IMF Executive Board to review Sri Lanka programme next week

The IMF Executive Board will review Sri Lanka’s Extended Fund Facility programme on M...

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Union Bank Partners with SLECIC to Boost Migrant Worker Financing Solutions

Union Bank and Sri Lanka Export Credit Insurance Corporation have strengthened collab...

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