Banks in Sri Lanka Key Terms

Study the banks in Sri Lanka key terms to manage foreign assets more effectively

The banks in Sri Lanka can offer excellent banking investment opportunities. However, in order to make the correct capital allocation decisions, you'll need to know the basics of the industry. For example, the structure of financial system and largest banks in the country is a good place to start. It is upon these Sri Lanka banking terms that you can build a working knowledge of the banking system. While these terms won't make you a Sri Lanka banking expert overnight, they will make for an excellent beginning on the road to effective asset allocation.

Central Bank of Sri Lanka

The Central Bank of Sri Lanka, also known as the Central Bank of Ceylon until 1985, is responsible for the stabilization of the Sri Lanka Rupee, the growth of industry and stable economic growth in the country. It accomplishes this via monetary policy and the interbank lending rate. The Central Bank of Sri Lanka is equivalent to the Federal Reserve in the United States.

Financial Intelligence Unit

Financial Intelligence Units are anti-money laundering and financial security agencies established by the governments in the region. It's their job to make sure that the banking system in Sri Lanka is as fraud and malfeasance-free as possible.
Financial Crimes Enforcement Network.

Commercial Bank of Ceylon

The Commercial Bank of Ceylon is one of the largest commercial banks in Sri Lanka.

National Development Bank

The National Development Bank is a full service banking institute in Sri Lanka that offers merchant banking, venture capital and fund management, among other services.

Board of Investment of Sri Lanka

The Board of Investment of Sri Lanka is an entity that specializes in investment financing in the country. If your company wishes to put banking investment capital to work in Sri Lanka, the Board of Investment is an excellent resource.

Sri Lankan rupee

The Sri Lankan rupee is the primary currency within the country. It's important that you understand its strength relative to the U.S. dollar before making any deposits in a bank.