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Welcome To SLBA

The Sri Lanka Banks’ Association (SLBA) represents the collective interests of Sri Lanka’s banking sector within the broader regulatory framework that guides the country’s financial system. The Association works alongside financial authorities and member banks to strengthen the resilience, stability, and integrity of the banking sector.
SLBA acts as a platform for licensed banks while competing at individual level to collaborate as an industry, exchange insights, and address common challenges to enhance the overall health and integrity of the banking sector.

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Banking Industry Eco-system in Sri Lanka

The key constituents of the banking industry in Sri Lanka are as follows:

Monetary Board

Licensing Authority

Central bank of Sri Lanka

Regulator

Licensed Commercial Banks (LCB)

Licensed Specialized Banks (LSB)

Domestic / Cross-border Payment and Settlement Systems

Include Lanka Pay Private Limited, Lanka Financial Services Bureau Limited and SWIFT

Financial Ombudsman of Sri Lanka

Alternate dispute resolution mechanism

Credit Information Bureau

Repository of borrower credit information

Upadeshana

Credit Counselling for distressed borrowers

SRI LANKA BANKING SECTOR FACT AND FIGURES

29
Number of Licensed Banks
18
Deposits (LKR Trillion)
11.5
loans and receivables in the banking industry (LKR Trillion)
8400
Total Taxes banks pay to Government(Revenue)

Evolution of Banking Sector in Sri Lanka

*Banks are grouped based on the asset size at 31 December 2020.Banks with an asset base of more than LKR 500 billion have been classified as Large Banks. Banks with an asset base of between LKR 200 billion and LKR 500 billion have been classified as Medium Banks. Other banks have been classified as Small Banks.CBSL Financial System Stability Review 2020 / CBSL data.

Board of Directors

Leading with Vision, Guiding with Integrity

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Mr. Sanath Manatunge

Chairperson

Managing Director and Chief Executive Officer, Commercial Bank of Ceylon PLC

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Mr. Hemantha Gunetilleke

Vice Chairperson

Director and Chief Executive Officer, Nations Trust Bank PLC

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Mr. Ramesh Jayasekara

Vice Chairperson

Director and Chief Executive Officer, Seylan Bank PLC

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Mr. Indrajith Boyagoda

Secretary General

Sri Lanka Banks’ Association

Licensed Commercial Banks

Operating under strict regulatory guidelines, licensed commercial banks play a vital role in the economy by ensuring financial stability, promoting economic growth, and meeting the diverse financial needs of their clients.

Licensed Specialized Banks

Licensed Specialized Banks focus on specific sectors and engage in activities such as funding industrial, agricultural and real-estate projects etc. which are identified as important for the broader growth of the economy. They are differentiated from Licensed Commercial Banks due to limited yet focused product offering they have. The LSBs are also supervised and regulated by the Central Bank of Sri Lanka similar to the LCBs.

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Industry News

Get the latest updates on business trends, market insights, and corporate news to stay ahead in today's dynamic economy.

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2026 Jan 27

Official Exchange Rates

US Dollars($)

1 USD = 309.327 LKR

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Sustainable Banking Initiative

The Sustainable Banking Initiative (SBI) of the Sri Lanka Banks’ Association (SLBA) is a voluntary, sector-led platform that supports the achievement of the United Nations Sustainable Development Goals (SDGs).

Launched in November 2015 following extensive dialogue within the banking sector, the SBI serves as a focal point for policy advocacy, proactive engagement, and capacity building, both within the banking sector and among broader stakeholders.

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Upadeshana

Empowering Financial Freedom, One Step at a Time

Established in 2009, the Credit Counselling Centre (CCC), known as Upadeshana, is a collaborative initiative between the Sri Lanka Banks’ Association and the Central Bank of Sri Lanka. The Centre was created to support individuals across the country in navigating financial challenges with greater confidence and knowledge.

Counselling is provided free of charge by specially trained retired bankers. Sessions are offered both one-on-one and in small groups, ensuring a personal and practical approach to financial well-being.

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