Finance
List of Commercial Banks in Sri Lanka
Sri Lanka’s banking sector has undergone substantial development and modernization over the past few decades, evolving from a traditional financial system into a dynamic and sophisticated component of the nation’s economy. The sector plays a critical role in supporting economic growth and financial stability, serving both domestic and international markets.
Overview and Future Prospects of Sri Lanka’s Commercial Banking Sector
Sri Lanka’s commercial banking sector is marked by a diverse range of financial institutions, including both prominent local banks such as Bank of Ceylon, Commercial Bank of Ceylon, and Hatton National Bank, as well as international players like Standard Chartered Bank and HSBC. These banks offer a broad spectrum of services, from retail and corporate banking to investment solutions. Technological advancements have significantly enhanced customer experience and operational efficiency, with mobile apps and online platforms becoming standard. Despite notable progress, the sector faces challenges such as regulatory compliance, credit risk management, and economic uncertainties. However, there are substantial opportunities for growth, including expanding financial services to underserved areas, promoting sustainable banking practices, and further investing in digital innovations to drive service improvement and financial inclusion.
| Bank Name | Headquarters | Bank Sector | Bank Revenue(LKR) | Bank Revenue(USD) | Contact Details |
| Bank of Ceylon | Colombo | Public | 40.3 billion | 0.1335 billion | Tel: +94 11 220 0000 |
| People’s Bank | Colombo | Public | 19.3 billion | 0.0639 billion | Tel: +94 11 233 4411 |
| Commercial Bank of Ceylon | Colombo | Private | 11.996 billion. | 0.0397 billion | Tel: +94 11 230 1000 |
| Hatton National Bank | Colombo | Private | 13.6 billion | 0.045 billion | Tel: +94 11 235 6100 |
| Sampath Bank | Colombo | Private | 12.3 billion | 0.04 billion | Tel: +94 11 230 2000 |
| Nations Trust Bank | Colombo | Private | 70.55 billion | 0.233 billion | Tel: +94 11 243 5300 |
| DFCC Bank | Colombo | Private | 31 billion | 0.1027 billion | Tel: +94 11 244 4000 |
| Standard Chartered Bank Sri Lanka | Colombo | Private | 37.477 billion | 0.1241 billion | Tel: +94 11 248 2482 |
| HSBC Sri Lanka | Colombo | Private | 66.1 billion | 0.219 billion | Tel: +94 11 244 4444 |
| Union Bank of Colombo | Colombo | Private | 13,797 crore | 45.715crore | Tel: +94 11 233 4400 |
Sri Lanka’s commercial banking sector has evolved into a robust and dynamic component of the financial system, driven by regulatory reforms, technological advancements, and increasing competition.
