Banking sector of Sri Lanka

The banking sector in Sri Lanka includes both the Licensed Commercial Banks and Licensed Specialized Banks. They have the highest share of the total assets in the financial system. Banks play a vital role within the Sri Lankan financial system to engage in the provision of liquidity to the entire economy and achievement of continuous economic growth.

The banking sector in Sri Lanka is supervised and monitored by the supervision department of the Central bank of Sri Lanka. The acts that related to the banking sector are the Banking Act, Monitory Act, and the Exchange Rate Control Act.

The Assets of the financial system can be categorized as follows,

In the Banking sector, there are 33 banks. It can be divided into two parts, they are, 26 Licenced commercial banks and 7 Licence specialized banks.

The banking sector of Sri Lanka can be categorized as follows,

Licensed Commercial Banks

Amana Bank PLC
Axis Bank Ltd
Bank of Ceylon
Bank of China Ltd
Cargills Bank Ltd
Citibank, N.A
Indian Overseas Bank
MCB Bank Ltd
National Development Bank PLC
Nation Trust Bank PLC
Pan Asia Banking Corporation PLC
Commercial Bank of Ceylon PLC
Deutsche Bank AG
DFCC Bank PLC
Habib Bank Ltd
Hatton National Bank PLC
ICICI Bank Ltd
Indian Bank
Public Bank Berhad
Sampath Bank PLC
Seylan Bank PLC
Standard Charted Bank
State Bank of India
Union Bank of Colombo PLC
The Honkon & Shanghai Banking Corporation Ltd (HSBC)

Licensed Specialized Banks

Housing Development Finance Corporation Bank of Sri Lanka
Sri Lanka Saving Bank Ltd
Lankaputhra Development Bank Ltd
National Saving Bank “Savings House”
Sanasa Development Bank PLC
State Mortgage & Investment Bank
Pradeshiya Sanwardhana Bank