News & market updates

Abans Finance PLC (AFSL.N0000) opened four new branches—Ambalangoda, Moratuwa, Horana and Kiribathgoda—bringing its network to 22 after reporting FY ended 31 Mar 2026 profit after tax of Rs.857 million (up 101%). Total assets rose 54% to Rs.20.81 billion and customer deposits reached Rs.11.04 billion.

Abans Finance PLC reported profit after tax of Rs. 857 million for the year ended 31 Mar 2026, a 101% increase from the prior year. Total assets rose 54% to Rs. 20.81 billion, loans reached Rs. 14.65 billion and customer deposits were Rs. 11.04 billion.

Abans Finance PLC listed its maiden five-year debenture on the CSE after subscriptions of 13,384,000 debentures against a 10,000,000 offer, raising Rs.1,338,400,000. The A- (lka) rated issue, managed by NDB Investment Bank, is intended to expand the firm's asset base and support growth and digital transformation.

Abans Finance PLC (AFSL.N0000) listed its maiden five-year debenture issue, with subscriptions of 13,384,000 units oversubscribing the 10,000,000 offer and raising LKR 1,338,400,000. The A- (lka) rated issue, managed by NDB Investment Bank, aims to expand the company's asset base and support growth and digital initiatives.

Colombo Stock Exchange closed marginally higher, ASPI up 0.02% at 23,015.32 with turnover of Rs.3.66 billion. Real estate and transportation led turnover (Rs.495.2m and Rs.485.2m) and Abans Finance listed Rs.1.34bn five-year debentures; its shares rose 3.47%.

Colombo Stock Exchange ASPI fell 0.37% to 22,552.24 midday, with plantations (Watawala, Sunshine, Namunukula among others) leading gains while John Keells, Sampath and Commercial Bank weighed on the index. Market turnover was Rs2bn; Abans Finance completed a debenture issue to raise Rs1.33bn.

Abans Finance PLC's initial Rs. 1 billion debenture issue was oversubscribed, attracting Rs. 1.31 billion in subscriptions (13.14 million debentures). The company offered 10 million debentures of Rs.100 each with an option to issue a further 5 million, enabling up to Rs. 1.5 billion.

Abans Finance PLC's debenture issue was oversubscribed with applications exceeding Rs. 1 billion for the initial tranche; the company may issue up to an additional Rs. 500 million, capping the raise at Rs. 1.5 billion.

Dividend · Rs 2.72 · XD May 4, 2026

First Interim dividend of LKR 2.72/share; XD 2026-05-04; record 2026-05-04; payable 2026-05-21; FY 2025/2026

Abans Finance PLC received CSE in-principle approval to list up to 15 million five-year debentures worth a maximum of Rs. 1.5 billion; Type A pays fixed 12.50% p.a. and Type B floats at AWPLR+2%. NDB Investment Bank is appointed manager to the issue.

Fitch assigned Abans Finance PLC’s proposed LKR1.5 billion five-year senior unsecured debenture a National Long-Term Rating of 'A-(lka)'. The debentures will be listed on the Colombo Stock Exchange and proceeds are planned to support loan-book expansion.

Fitch assigned Abans Finance PLC’s planned LKR1.5 billion five-year senior unsecured debentures an expected National Long-Term Rating of 'A-(EXP)(lka)'. The debentures will be listed on the CSE, rank equally with other senior unsecured creditors and proceeds will support loan-book expansion.

Abans Finance PLC's board approved issuing up to 15 million listed, rated, senior unsecured redeemable debentures worth up to Rs. 1.5 billion, subject to regulatory approvals. The issuance is intended to strengthen the company's funding base and diversify borrowing; tenure, coupon and opening date will be announced after approvals.

The ASPI rebounded 0.45% to 21,594.86 on Monday as investor interest in diversified financials, capital goods and construction stocks pushed the market higher. Several stocks rose (AEL, ACL, DOCK, SAMP, HHL) and Abans Finance (AFSL) announced a debenture sale to raise up to LKR 1.5bn.

Abans Finance PLC plans to offer 15 million listed, rated, senior, unsecured, redeemable debentures to raise up to Rs1.5 billion, subject to regulatory and other approvals.

The Finance Ministry’s special selection committee has appointed Thulci Aluwihare and Sharmini Ratwatte as Independent Non-Executive Directors to the Bank of Ceylon board. Aluwihare currently serves as a Non-Executive Independent Director at Abans Finance PLC; Ratwatte has held NED roles at Ceylon Cold Stores PLC and BPPL Holdings PLC.

Thulci Aluwihare and Sharmini Ratwatte were appointed independent, non-executive directors to the board of Bank of Ceylon effective September 16, 2025. Aluwihare is currently a non-executive director at Abans Finance; Ratwatte has served on the boards of Ceylon Cold Stores, John Keells and BPPL.

Abans Finance PLC appointed Nirosh Madawala as its CEO. Madawala has over a decade of financial services experience, holds an MBA and is completing a CIM qualification, according to the company.

Colombo Stock Exchange sustained an upward trend as the ASPI rose 0.07% and turnover climbed to Rs. 7.59 billion. The banking sector contributed 38% of turnover, while gains in ACL, Melstacorp, Hayleys and Central Finance and active trading in Sierra Cables and Access Engineering underpinned the session; John Keells weakened.

Abans Finance PLC reported FY2024/25 profit before tax of Rs. 951 million, a 344% increase year‑on‑year, and profit after tax of Rs. 426 million (up 309%). Total assets rose 22% to Rs. 13.48 billion and customer deposits increased to Rs. 8.45 billion.

Abans Finance PLC reported operating profit before tax of LKR 951 million for FY25, a 344% increase from LKR 214 million. Total income rose 21% to LKR 3.46 billion, total assets grew 22% to LKR 13.48 billion, deposits increased to LKR 8.45 billion and PAT was LKR 426 million.

Pasan Wanigasekara has been appointed to the Board of John Keells PLC as an Independent Non-Executive Director. He currently also serves as an Independent Non-Executive Director at Abans Finance PLC and Union Assurance PLC.

Abans Finance PLC has appointed Upul Lakshman Gunasekara as Acting CEO following the retirement of CEO Dharshan Silva effective 31 March 2025. Gunasekara joined Abans Finance in 2019 and was promoted to Deputy CEO in 2023.