Sri Lanka Economy Recovery Enters Critical Phase Sri Lanka Economy Recovery Enters Critical PhaseSri Lanka is preparing for a highly anticipated review by the International Monetary Fund (IMF), a development that could significantly influence the country’s ongoing economic recovery efforts and financial stability. The IMF Executive Board is expected to assess Sri Lanka’s progress under […]
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, September 2025 – In a landmark development for the Sri Lankan financial sector, HSBC has announced the divestment of its retail banking operations in Sri Lanka, selling the business to Nations Trust Bank PLC (NTB). The deal underscores both a strategic shift for HSBC and a major growth opportunity for NTB. Why HSBC is […]
