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The Central Bank of Sri Lanka is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA) and in terms of the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL is a body corporate with perpetual succession and a common seal. The Central Bank has administrative and financial autonomy. The CBSL has two main boards in operation, namely,
Commercial Bank of Ceylon PLC (CBC) also known as ComBank is a licensed commercial bank in Sri Lanka and its ownership is private. It was incorporated as a public limited company and it is listed on the Colombo Stock Exchange. It is regarded as the largest private bank in Sri Lanka in terms of net worth and capital. The bank is currently the third largest bank in Sri Lanka in terms of total net assets and it lies behind only Bank of Ceylon and People's Bank. It is also the only private sector licensed bank in Sri Lanka to be designated as the higher-tier domestic systemically important bank according to the Central Bank of Sri Lanka. The bank currently operates a network of 268 branches and around 932 ATM machines across Sri Lanka.
Thilan Manjith Wijesinghe is a Sri Lankan financier, entrepreneur, former cricketer and musician.
Nations Trust Bank PLC is one of the listed banks in Sri Lanka with 96 branches, 99 ATMs and 64 cash deposit & withdrawal machines as well as an automated channels and is the issuer and sole acquirer for American Express Credit Cards in Sri Lanka. Nation Trust Bank's major shareholders are John Keells Holdings and Central Finance Company PLC which are leading companies in their respective operating sectors in Sri Lanka.
People's Bank is a state-owned commercial bank in Sri Lanka. The second largest commercial bank in Sri Lanka. Established on 1 July 1961, it has its head-offices at Sir Chittampalam A. Gardiner Street in Colombo. The bank offer both retail and corporate banking services, with a network of 739 local branches, service centers and has an asset base of LKR 1.873 trillion (2019) with over 14 million customers. People's Bank received a high national long-Term Rating of AA+ by Fitch Rating. People's Bank most awarded state-owned company such as "Green Plus" "Carbon Conscious Award". People's Bank became Sri Lanka's best performing bank. Bank mainly targets small and medium enterprise. India has extended multiple credit lines and currency support to Sri Lanka, aligning with its policy of prioritizing neighboring nations and fostering strong relationships as a friendly neighboring country.
DFCC Bank was set up in 1955 as Sri Lanka's a pioneer development finance institution on the recommendation of the World Bank and is one of the oldest development banks in Asia.
The banking sector in Sri Lanka is monitored by the Bank Supervision Department of the Central Bank of Sri Lanka under the Banking Act, Monetary Law Act and the Exchange Control Act.
HSBC Sri Lanka is a banking and financial services company in Sri Lanka and is a licensed commercial bank supervised by the Central Bank of Sri Lanka. It is the largest and one of the oldest banks in Sri Lanka. HSBC opened its doors in Sri Lanka in 1892, just 27 years after its first offices were established in Hong Kong and Shanghai. The company maintained an international outlook from the start, while its activities centered on trade finance.
Amãna Bank is the first and only licensed commercial bank in Sri Lanka to conduct all its operations under the principles of Islamic banking and be fully disengaged from interest based transactions, offering the full spectrum of retail banking, SME banking, corporate banking, treasury and trade finance services.
Union Bank of Colombo PLC, commonly referred to as UBC, is a commercial bank in Sri Lanka. It is licensed by the Central Bank of Sri Lanka, the central bank and national banking regulator.
World News Media Limited was established in 2004 and trades from London, UK. It is the publisher of World Finance magazine which is tied to the marketing of numerous vanity awards under the name of the World Finance Awards. It also publishes The New Economy.
Citizens Development Business Finance PLC also abbreviated as CDB PLC or CDBF PLC is a Sri Lankan listed public limited company which works as a licensed finance company accepting deposits from general public. It is one of the leading finance companies in Sri Lanka and it is also ranked within the top five largest licensed financial institutions among the 46 non banking institutions in the country. In September 2019, the company received the Best Social Media Initiative of the Year at the 2019 Asian Banking & Finance Awards which was held at the Shangri-La Hotel Singapore. The company was also awarded the Sri Lankan Best Employer Brand of the Year in 2019.
Institute of Bankers of Sri Lanka, also abbreviated as IBSL, is a professional apex body of the banking education in Sri Lanka. It is one of the prominent institutes which carryout banking courses for the students and it is closely associated with Central Bank of Sri Lanka. The institute was formally established as Bankers' Training Institute in 1964 by the Central Bank of Sri Lanka. Bankers' Training Institute was reincorporated in 1979 as Institute of Bankers of Sri Lanka under the provisions of Parliament Act no 26 of 1979.
Janaka Ratnayake is a Sri Lankan businessperson and presidential candidate currently serving as the Chairman of Trillium Property Management and Services Ltd, City Housing and Real Estate PLC, Trillium Residencies Pvt Ltd, and Rent A Comp Pvt Ltd. He served as the Chairman of the Public Utilities Commission of Sri Lanka from 2021 until he was ousted in 2023. He is the former chairman and chief executive of Export Development Board of Sri Lanka (EDB), Merchant Bank of Sri Lanka (MBSL), Merchant Credit Sri Lanka (MCSL), MBSL Savings Bank, and MBSL Insurance.
Edirisinghe Trust Investments Finance Limited also popularly known as ETI Finance is a Sri Lankan private limited company as well as a non banking financial institution which worked as a licensed finance company accepting deposits from general public. The company's business was primarily based on lending money on gold securities. On 13 July 2020, Central Bank of Sri Lanka decided to cancel the license of the company due to insufficient capital and financial problems regarding repaying depositors' money on demand as well as before maturity.
People's Leasing & Finance PLC, sometimes called People's Leasing Company or commonly abbreviated PLC, is a licensed non-banking financial company in Sri Lanka. The company is ranked 30th in LMD 100, an annual list of leading listed companies in Sri Lanka. Brand Finance placed the company 21st amongst the 100 most valuable brands in Sri Lanka. The company was incorporated in 1995 and in 2010 listed on the Colombo Stock Exchange. 75% of the shares of the company is held by the People's Bank, one of the two government-held banks of Sri Lanka.
The Fortress Resort & Spa, traded as The Fortress Resorts PLC, is a luxury boutique hotel in Koggala, Sri Lanka. The resort was incorporated in 1973. The resort is listed on the Colombo Stock Exchange. In 2003, Sri Lankan entrepreneur, Dhammika Perera acquired a controlling stake in the resort. The resort was formerly known as Club Horizon Hotel, Koggala and was renamed to its current name in the same year. The hotel was affected by the 2019 Easter bombings. The resort is designed like a fortress to enclose a Dutch-era villa.
The Housing Development Finance Corporation Bank of Sri Lanka PLC, commonly abbreviated as HDFC Bank of Sri Lanka PLC, is a specialised housing bank in Sri Lanka. The bank commenced operations in 1984 as a building society. Through successive acts in the Parliament of Sri Lanka over the years, the bank transformed into a state-owned enterprise, then a specialised bank and a listed company on the Colombo Stock Exchange in 2005. Since widening its scope of business in 2011, the bank established itself as a supporter of small and medium-sized enterprises. The government of Sri Lanka holds 51% of the bank's stocks, mainly through the National Housing Development Authority. HDFC Bank is one of the LMD 100 companies in Sri Lanka. The bank ranked 78th in the 2020/21 edition. Brand Finance calculated the brand value of HDFC Bank to be LKR763 million in 2022. Due to the effects of the Sri Lankan economic crisis, Fitch Ratings placed the bank along with twelve other Sri Lankan banks on Rating Watch Negative.
Osman Kassim is a Sri Lankan entrepreneur and philanthropist. He is regarded as the prominent pioneer of Islamic finance in Sri Lanka. He was also the founder chairman of Amana Bank PLC.