Company filings and market news from across Sri Lanka's stock market.
Colombo market fell as the ASPI dropped 0.38% (91.22 pts) to 23,900.89 with turnover over Rs.6.9bn and foreign net outflow of Rs.20.9m. Top negatives included Senkadagala Finance, Ceylon Tobacco, John Keells, Carson Cumberbatch and C T Holdings while Prime Lands Residencies gained.
Rights issue · 14:45 at Rs 8.50 · XD Feb 23, 2026
Government has consolidated MSME financial facilities into a single digital Rs.95 billion framework and the NCGI will issue Rs.7,000 million in credit guarantees in 2026 to unlock about Rs.10,000 million in MSME lending. Sixteen banks, including HDFC, Commercial Bank, NDB, HNB, Sampath, Seylan, DFCC, Nations Trust and Cargills Bank, will participate in channeling concessional and disaster-relief loans.
Cargills Bank appointed Rajitha Basnayake as an Independent Non-Executive Director. Basnayake is a Chartered IT Professional and management consultant with over 35 years' experience in ICT and business process transformation and has previously served on the board of Asia Asset Finance PLC.
Government will launch a concessionary pledge loan scheme from 1 Jan to help SME paddy millers access loans up to Rs.50 million at 7% for 180 days. Fifteen banks will participate, including COMB.N0000, HNB.N0000, SAMP.N0000, DFCC.N0000, NDB.N0000, NTB.N0000, ABL.N0000, CBNK.N0000 and PABC.N0000; total disbursements ~Rs.10bn.
Colombo Stock Exchange closed Friday with the ASPI up 0.50% (109.79 pts) to 22,068.84, re-entering the 22,000 mark. Turnover was over Rs.2.7bn, foreign investors were net buyers (Rs.18.9m), with banking counters and names like DOCK and RICH among top contributors.
Cargills Bank launched the ‘Tapit’ contactless sticker card and is offering festive discounts with 100+ merchants plus year‑round savings including discounts at Cargills Food City.
Banks agreed to grant distressed businesses 3–6 month extensions on existing loan repayments without additional interest or fees following Cyclone Ditwah. They also agreed on low-interest concessional loans, a common implementation mechanism and a shared database to coordinate support.
Cargills Bank PLC proposed a Rs. 2.5 billion rights issue of 294,200,000 new ordinary voting shares at Rs. 8.50 each (14 new for every 45 held) to boost capital and support lending, subject to CSE, SEC and shareholder approvals. Major shareholders Cargills (Ceylon) PLC and C T Holdings PLC hold 37.09% and 23.62% respectively.
Cargills Bank (CBNK.N0000) plans a rights issue to raise Rs2,500,700,000 by issuing 294,200,000 shares at Rs8.50 each (14 new for every 45 existing) to support lending activities; the issue is subject to regulatory and shareholder approvals.
Rights issue · 14:45 at Rs 8.50 · XD Feb 23, 2026
Cargills Bank (CBNK.N0000) reported PAT of Rs.313 million for the nine months to 30 Sep 2025, up Rs.155m versus the same period in 2024. Net interest income rose 10% to Rs.2,743m, loan book grew 31% to Rs.60.4b, Cost-to-Income rose to 70.31% and Total Capital Ratio was 17.08%.
APB Sri Lanka held a CPDC program titled 'AI in HR' bringing industry leaders to discuss integrating AI in recruitment, performance management and learning to boost workforce agility across the banking industry.
The Chief Internal Auditor’s Forum of Banks appointed its 7th committee at the AGM on 30 July 2025, naming Dulan Abeyratne (HSBC) as President and including committee members from NDB, DFCC, Cargills Bank, Pan Asia, Amana Bank and Nations Trust Bank.
Speakers at the Daily FT–CICRA Cyber Security Summit highlighted the human–AI partnership as key to stronger cyber defences, citing up to 90% faster detection, 60% fewer false positives and 75% shorter response times. Bank and security leaders urged AI governance and human oversight.
Colombo Stock Exchange rose as the ASPI gained 0.57% to 21,085, led by Sierra Cables and diversified conglomerates; market turnover was Rs 6.5bn with Sierra Cables contributing Rs 1.2bn. Top index contributors included John Keells, Hayleys, Sierra Cables, Melstacorp and Aitken Spence; net foreign inflow was Rs 58.21m.
Sri Lanka Tourism Development Authority (SLTDA) has joined GovPay, enabling tourism operators to pay the Tourism Development Levy and other SLTDA services online via banks' internet/mobile banking and connected FinTech apps. The initial rollout covers TDL payments with phased expansion planned.
SLTDA has joined GovPay, enabling Tourism Development Levy and other SLTDA payments to be made online via 14 banks and six FinTech apps (including major local banks and L B Finance's CIM). GovPay, launched Feb 2025, has processed 1,773 services totalling over Rs.110 Mn and will expand to more SLTDA payments.
The 11th Annual Cyber Security Summit kicks off in Colombo with a CEO Forum today and a full-day summit tomorrow; speakers include Dialog Axiata Group CIO Asela Perera and Cargills Bank Group CIO Druvi Vaidyakularatne.
CT Holdings (CTHR.N0000) appointed Marianne Page as a Non-Independent Non-Executive Director. She has served as a Non-Executive Director of Cargills Bank (CBNK.N0000) since 2019 and has extensive experience promoting Sri Lanka to foreign institutional investors.
Cargills Bank reported PAT of Rs. 240 million for 1H 2025, up Rs. 104 million year-on-year. Net interest income rose to Rs. 1,836m, the loan book grew 22% to Rs. 56.4bn, total assets to Rs. 84.5bn and the total capital ratio stood at 18.06%.
Brand Finance published Sri Lanka's 100 Most Valuable Brands for 2025, ranking Bank of Ceylon top with a brand value of Rs.57,411m; Commercial Bank, Dialog and People’s Bank follow the top positions. The list covers firms across banking, telecoms, FMCG, healthcare, hospitality and other sectors.
ASPI rose to a record 19,914 (+1.38%, +272 pts) as investor confidence from a favourable US tariff ruling and strong interim results lifted the market. Banking and materials led turnover, with HNB, JKH, COMB, DFCC, NDB, PABC, DIPD, PKME, CBNK and COOP among the top contributors.
Cargills Bank will raise capital and reduce its parent Cargills group's stake after the central bank ordered the parent's stake cut to 50% by end-2025 and to 15% of voting shares by 2029, and required the bank to reach a minimum capital of Rs20 billion by end-2029.
Cargills Bank launched the 'Kotipathi' Investment Savings Account offering a 10% p.a. interest rate. Plans start at Rs. 4,841 monthly with 3-10 year terms, target maturities from Rs. 1 million, and preapproved loans up to 90% of the balance after 12 months.
DFCC Bank launched Sri Lanka's first 20-year fixed-rate home loan, offering the 20-year fixed product from 13% and home loan rates starting at 9.5%. The product includes up to 30-year terms, personalised repayment plans and full disbursement in as little as ten working days.
Profit-taking dragged the Colombo market down, with ASPI closing 8 points lower (‑0.04%) at 18,877 on turnover of Rs.6.2bn and foreign net selling of Rs.115.2m. COMB, MELS, SAMP and NDB were top negative contributors while JETS, SERV and AEL recorded gains.
CBSL has given Cargills Bank an extension to end-2029 to meet the Rs.20bn minimum capital requirement (current Rs.11.89bn), directing the bank to raise ~Rs.2.5bn equity by end-2025 and to cut major shareholders' stakes to 50% by 2025 and 15% by 2029.