December 09, 2016 8:27 AM ET

Diversified Financial Services

Company Overview of Central Bank of Sri Lanka

Company Overview

Central Bank of Sri Lanka (CBSL) is a government institution that is primarily responsible for price and financial system stability in Sri Lanka. The bank regulates the issue of bank notes, offers advice on economic affairs to the government, and is the banker to the Government of Sri Lanka. Central Bank of Sri Lanka is also responsible for management of the Employees Provident Fund; management of the public debt of Sri Lanka; administration of the provisions of the Exchange Control Act; and administration of foreign and government funded credit schemes for regional development. The bank was formerly known as Central Bank of Ceylon. Central Bank of Sri Lanka was founded in 1950 and is based ...

30 Janadhipathi Mawatha

Colombo,  01

Sri Lanka

Founded in 1950

1,422 Employees

Phone:

94 11 247 7000

Fax:

94 11 247 7730

Key Executives for Central Bank of Sri Lanka

Governor and Member of Monetary Policy Consultative Committee
Age: 66
Deputy Governor
Deputy Governor and Member of High Level Risk Management Committee
Deputy Governor and Member of High Level Risk Management Committee
Director of Payments and Settlements Department
Compensation as of Fiscal Year 2016.

Central Bank of Sri Lanka Key Developments

Central Bank of Sri Lanka Appoints Anthony Nihal Fonseka as Member of the Monetary Board

Central Bank of Sri Lanka appointed Anthony Nihal Fonseka as Member of the Monetary Board. Fonseka is a veteran banker who held a number of key managerial positions in Sri Lanka as well as overseas. He was the Chief Executive Officer of the DFCC Bank for over 13 years and the Deputy Chief Executive Officer of the HSBC Colombo for 10 years. He held the post of Chairman of the Colombo Stock Exchange, Lanka Ventures.

Central Bank of Sri Lanka Announces Board Changes

Indrajit Coomaraswamy is the new Governor of the Central Bank of Sri Lanka (CBSL). Dr. Coomaraswamy succeeds Arjuna Mahendran, whose tenure, marked by controversies on the issuance of bonds, came to an end. Joining the CBSL in 1973, Indrajit Coomaraswamy was part of the Bank till 1989. During this period, he also served the Ministry of Finance and Planning for eight years. During 1990-2008, he worked in the Commonwealth Secretariat, holding various positions such as Director, Economic Affairs Division and Deputy-Director, Secretary-General's Office. At the time of the latest appointment, Dr. Coomaraswamy is an adviser at the Ministry of Development Strategies and International Trade.

Central Bank of Sri Lanka Announces Step Down of Arjuna Mahendran as Governor

The Governor of the Central Bank of Sri Lanka (CBSL) Arjuna Mahendran has stepped aside following more than a year-long-campaign by sections of civil society activists and political parties. Mr. Mahendran, who was made the Governor immediately after the present government took over in January 2015, is serving the reminder of the term of his predecessor, Ajith Nivard Cabraal, which is expiring on June 30.

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