Monetary Board Archives

December 29, 2022

The Monetary Board of the Central Bank of Sri Lanka decided to cancel the Finance Business Licence issued to Swarnamahal Financial Services PLC (SFSP), in terms of Section 37(3) of the Finance Business Act, No. 42 of 2011 (FBA) with effect from 28th December 2022. Accordingly, SFSP is not permitted to engage […]

August 1, 2022

Mr. Anthony Nihal Fonseka has been reappointed as a member of the Monetary Board of the Central Bank of Sri Lanka (CBSL) with effect from 27 July 2022 for a period of six years. Previously, he served on the Monetary Board from July, 2016 to May 2020 and from May 2022 […]

June 28, 2022

The Monetary Board of the Central Bank of Sri Lanka (Monetary Board) established the Advisory Committee for Revival of Failed Finance Companies (Committee) in October 2021 to examine possible revival options for five (5) failed finance companies, i.e., Central Investments & Finance Ltd., ETI Finance Ltd., TKS Finance Ltd., The Finance […]

May 30, 2022

Mr. Anthony Nihal Fonseka was reappointed as a member of the Monetary Board of the Central Bank of Sri Lanka (CBSL) with effect from 26 May 2022. Previously, he served on the Monetary Board from July, 2016 to May 2020. He obtained his BSc Degree from the University of Ceylon, Colombo and is […]

April 11, 2022

As the newly incumbent Governor of the Central Bank of Sri Lanka (CBSL), I am delighted that Mr. Sanjeeva Jayawardena, President’s Counsel and Dr. (Mrs.) Ranee Jayamaha, appointed members of the Monetary Board, have acceded to continue to serve on the Monetary Board, as they have always acted very independently, impartially, […]

March 28, 2022

March 28, 2022: The Monetary Board of the Central Bank of Sri Lanka has approved the amalgamation of HNB Finance PLC and Prime Finance PLC with the amalgamated company being HNB Finance PLC, on December 8, 2021, under the Finance Companies (Structural Changes) Direction No. 1 of 2013, while considering the […]

January 20, 2022

In consideration of the current and expected macroeconomic developments, the Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 19 January 2022, decided to adopt several policy measures with the view to strengthening macroeconomic stability. Accordingly, the Monetary Board decided to: a) increase the Standing Deposit Facility Rate […]

Swarnamahal Financial Services PLC – Cancellation of the Licence

Reappointment of Mr. Anthony Nihal Fonseka as a member of the Monetary Board of the Central Bank of Sri Lanka for a period of six years

Recommendations made by the Advisory Committee for Revival of Failed Licensed Finance Companies

Appointment of Mr. Nihal Fonseka as a member of the Monetary Board of the Central Bank of Sri Lanka

Message by the Governor of the Central Bank of Sri Lanka

CBSL approves HNB Finance PLC and Prime Finance amalgamation

Monetary and other policy measures are expected to strengthen the macroeconomic stability