Directions to Licensed Banks on Domestic Systemically Important Banks

CENTRAL BANK OF SRI LANKA
17 April 2025 CENTRAL BANK OF SRI LANKA ACT DIRECTIONS No. 01 of 2025

CENTRAL BANK OF SRI LANKA ACT
DIRECTIONS TO LICENSED BANKS ON
DOMESTIC SYSTEMICALLY IMPORTANT BANKS

In terms of section 105(1) read with 64(1)(d) of the Central Bank of Sri Lanka Act, No. 16 of 2023, the Central Bank of Sri Lanka, as the macroprudential authority of Sri Lanka, hereby issues Directions to Licensed Commercial Banks and Licensed Specialised Banks (herein after referred to as “licensed banks”) designating Domestic Systemically Important Banks (D-SIBs) in Sri Lanka, as per the criteria prescribed by Rules No. 01 of 2025 issued under and in terms of section 68(1) of the said Act.

1. The following licensed banks shall be designated as D-SIBs of Sri Lanka together with the corresponding buckets:

Table 1: Designated D-SIBs with the corresponding buckets

D-SIBs	Bucket
-	3
Bank of Ceylon	2
Commercial Bank of Ceylon PLC
People’s Bank	1
Hatton National Bank PLC
Sampath Bank PLC

2. These Directions shall come into effect from 17 April 2025.

3. For the purposes of these Directions:

(i) “Bucket” shall have the same meaning as set out in Section 2.10 of the Schedule of the Criteria used to Designate Domestic Systemically Important Banks Rules No. 01 of 2025, where D-SIBs are allocated into equally sized buckets based on their scores of systemic importance.

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CENTRAL BANK OF SRI LANKA
17 April 2025 CENTRAL BANK OF SRI LANKA ACT DIRECTIONS No. 01 of 2025

(ii) “Rules No. 01 of 2025” shall mean the Central Bank of Sri Lanka Rules on Criteria used to Designate Domestic Systemically Important Banks.

[Signature]
Dr. P Nandalal Weerasinghe
Chairperson of the Governing Board and
Governor of the Central Bank of Sri Lanka

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