ECONOMYNEXT – Net foreign assets of Sri Lanka’s commercial banks have turned positive in the first quarter of 2023 official data show, amid a domestic credit contraction as banks paid down foreign credit lines. Measured in rupees, the combined foreign assets of domestic and offshore banking un...
miserable leitmotif of the crisis for most Sri Lankans than the images seen abroad of furious anti-government protesters storming the politicians’ official residences and frolicking in the now deposed president’s swimming pool.
Commercial capital city Colombo Other major cities Kandy, Galle, Jaffna, Moratuwa, Negombo, Pita Kotte, Hambantota Administrative capital city: Sri Jayawardenapura Kotte Currency Sri Lankan Rupee Dialling code +94 GDP USD74.4 billion USD3,354.4 Per Capita3 Top exports Knit or crochet clothing and ...
The Commercial Bank of Ceylon has embarked on an ambitious mission to propagate technology in the agriculture sector, encompassing all areas of agricultural potential in the country. This initiative aims at empowering farmer communities and improving the quality and volume of crop yields by f...
The Commercial Bank of Ceylon is the only Sri Lankan bank to be ranked among the World’s Top 1000 Banks for nine consecutive years. It is not only the largest private bank in Sri Lanka, but the only private bank in the country with an international presence of a 19-branch operation in...
Commercial Bankerror correction modeloperating costprofitabilityreal GDPThis study determines the factors affecting the profitability of licensed commercial banks (LCBs) in Sri Lanka, including the effect of the prolonged conflict which ended in 2009. Using an error correction model together with data ...
Election spending limits had been set to a maximum of 1.8 billion Sri Lankan rupees per candidate. The EUEOM has recommended broadening the power of the election commission and standardising the processes. “Amend the Regulation of Election Expenditure Act, 2023, to expand the responsibilities ...
We have many easy payment options available to you when you book on Srilankan.com. Browse your favorite banks & choose the easy payment plan that fits you best!
The Sri Lankan government officially launched the GovPay facility today, February 7, 2025, to simplify and enhance digital payments for government services. Three key digital initiatives were introduced at the Presidential Secretariat in Colombo under the patronage of Sri Lankan President Anura Kum...
DETERMINENTS OF PROFITABILITY OF COMMERCIAL BANKS IN SRI LANKA The performance of the Sri Lankan commercial banks, measured by the Return on Assets (ROA) and the Return on Equity (ROE) ratios, appeared to be stronger in the recent past compared to the other SARRC counties. This paper examined...