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During the last El Nino in 2016/17, Sri Lanka suffered its worst drought in 40 years and rice output fell by nearly 50% year-on-year to 2.4 million metric tons over both its harvests.
Housing Development Finance Corporation Bank of Sri Lanka (HDFC) National Savings Bank; Regional Development Bank (Pradheshiya Sanwardhana Bank) Sanasa Development Bank; Sri Lanka Savings Bank; State Mortgage and Investment Bank; Source: Central Bank, September 2020 [2]
Visualisation of average annual temperature anomaly in Sri Lanka, 1901 to 2020. Climate change is an important issue in Sri Lanka , and its effects threaten to impact both human and natural systems. Roughly 50 percent of its 22 million citizens live in low-lying coastal areas in the west, south, and south-west of the island, and are at risk of ...
Sri Lanka experienced rolling blackouts for three to five hours per day except on Sundays in all parts of the island nation at different time schedules that started from 24 March 2019 to present. [1] [2] [3] This is regarded as one of the worst blackouts confronted in Sri Lanka since 2016 and the longest ever blackout recorded in history of the ...
1982: BOC founded the first merchant bank in Sri Lanka, which was named the Merchant Bank of Sri Lanka. 1987: The bank moved into its 32-storey headquarters. Sri Lankans have nicknamed the building (Pittu bambuwa "පිට්ටු බම්බුව") a Sinhalese term used for a cylindrical cooking implement. The new building enabled the bank ...
Sri Lanka says it has reached an agreement with the Exim Bank of China on key terms and principles for restructuring its debt, a key step toward unlocking a second instalment of a $2.9 billion ...
Listed on the Colombo Stock Exchange since 1956 and with nearly seven decades of banking expertise, DFCC Bank is one of the nation's most reliable and longstanding banks. Regulated by the Central Bank of Sri Lanka and rated A (lka) by Fitch Ratings, DFCC Bank provides a comprehensive range of corporate, retail, and SME banking services ...
SANASA Development Bank PLC, commonly called SDB bank, is a Sri Lankan bank serving the co-operative sector, [3] founded in 1997. This bank has opened 94 branches in Sri Lanka . In 1997 SDB Bank was granted the status of Licensed Specialized Bank by the Central Bank of Sri Lanka .