SLBA Archives

September 25, 2024

The Sri Lanka Banks’ Association (SLBA) has congratulated President Anura Kumara Dissanayake on his election to the Presidency and assured him of the fullest support of the banking sector for the challenging journey ahead. In a congratulatory note, the Association, which represents all licenced banks in Sri Lanka, said: “The essential political and social stability […]

June 27, 2024

The Sri Lanka Bank’s Association (SLBA) has rejected a reported recent tirade against banks by two senior lawmakers, describing their remarks as “misconceived, inaccurate, misleading and unhelpful.” The SLBA, which represents all banks licensed by the Central Bank of Sri Lanka (CBSL) including state banks, public listed companies and branch offices of international banks, said […]

March 11, 2024

Colombo, Monday 11th March 2024: The unilateral decision by the government to suspend debt recovery via parate laws is a knee-jerk response to intense lobbying by a few individual defaulters that do not represent the wider business community, and will have a far-reaching negative impact on the banking sector, which functions as the heart and […]

December 22, 2023

Banks exercise their legally-enshrined right to Parate Execution as a last resort, and the overarching objective is the protection of depositors’ funds that have been lent to borrowers, the Sri Lanka Banks Association (SLBA) has said in a statement to the media. Responding to what it termed as lobbying by a group […]

June 21, 2023

Cautions that preserving the status quo of failed borrowers at the expense of depositors is not sustainable Stresses need for development of an effective insolvency regime Discloses that moratoriums, restructurings and other forms of payment relief offered over the last three years exceeds Rs 2 trillion The Sri Lanka Banks Association (SLBA) […]

May 8, 2023

The Sri Lanka Banks Association (Guarantee) Ltd (SLBA) is relieved to note that the apex regulator of the banking industry, the Central Bank of Sri Lanka (CBSL) has assured the banks that the regulatory stance in the on-going Domestic Debt Optimization (DDO) discussions with the diverse stakeholders will be that, the banking sector stability […]

May 2, 2023

The Sri Lanka Banks’ Association (SLBA) represents all of the licensed banks in Sri Lanka and underpins all sectors of the economy. The banking sector is the main mechanism through which the Central Bank of Sri Lanka (CBSL) implements monetary policy influencing the financial markets. Stability of the banking system is critical […]

October 31, 2022

Sri Lanka Badminton Association (SLBA) Level 1 ranking tournament, The Mercantile Badminton Association (MBA) Open Badminton Championships was held at the Sugathadasa Indoor Stadium from 23rd to 28th October 2022. The tournament was organized by the MBA jointly together with SLBA for the first time, Tournament saw events conducted under 66 categories, […]

Sri Lanka Banks’ Association congratulates new President, assures support for nation building

SLBA rejects “misconceived” diatribe against lending and debt recovery practices of banks

Banks alarmed by suspension of parate process at behest of a few individual defaulters – SLBA

Parate execution is the last resort to protect depositors’ funds – SLBA

SLBA calls for government engagement to facilitate debt recovery process

Sri Lanka Banks’ Association (Guarantee) Ltd Media Release on ‘Priority of Banking Sector Stability Being Re-affirmed’

Sri Lanka Banks’ Association (Guarantee) Limited (SLBA) Media Release on GoSL Debt Restructuring Process

Inaugural MBA OPEN award over rupees 1 million in cash for winners