Business magnate Dhammika Perera has partially divested his stake in Commercial Bank of Ceylon PLC, one of Sri Lanka’s most stable and high-performing financial institutions. The transaction, valued at approximately Rs. 5.5 billion, represents a significant portfolio move by one of the country’s most influential investors. Overview of the Transaction The partial sale of shares […]
Colombo, October 2025 —Sri Lanka has reached a staff-level agreement with the International Monetary Fund (IMF) for the release of a US$347 million tranche, marking a crucial milestone in the island’s macroeconomic stabilization journey under the Extended Fund Facility (EFF). This marks the fifth review since the program began in 2023, bringing total disbursements to […]
Colombo, September 2025 —In a landmark move reshaping Sri Lanka’s financial sector, HSBC announced the sale of its retail banking business to Nations Trust Bank (NTB). The deal, expected to complete in early 2026, will transfer HSBC’s personal banking portfolio — including deposits, loans, and credit cards — to NTB, one of the country’s fastest-growing […]
