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Sri Lanka: Banks start the countdown to consolidation

For a frontier economy of $87 billion, with moderate growth and just 21 million people, Sri Lanka has far too many banks. Customers have a choice of 25 commercial lenders, seven specialists and 47 non-banks. The bigger players include state-owned Bank of Ceylon (BoC) a...

Sri Lanka central bank keeps rates steady, says growth below potential

COLOMBO, Feb 15 (Reuters) - Sri Lanka's central bank held interest rates steady on Thursday, saying the economy is growing below potential, a widely expected decision that comes amid fresh political uncertainty after the ruling coalition government suffered a shock defeat in...

POLL-Sri Lanka cbank seen holding key rates steady ahead of budget

SDFR SLFR SRR * All 11 analysts predict all rates to be steady * Tight fiscal, monetary policies weigh on growth * Policy announcement due on Tuesday, Nov. 7 0200 GMT By Shihar Aneez COLOMBO, Nov 2 (Reuters) - Sri Lanka’s central bank is expected to keep its key...