Citizens Development Business Finance PLC (CDB) has joined the Partnership for Carbon Accounting Financials (PCAF), committing to measure and disclose GHG emissions of its lending and investment portfolios as part of a 700+ institution network. CDB says this aligns it with global disclosure standards and helps set climate targets including alignment with SLFRS S2.
CBSL's Financial Intelligence Unit imposed Rs.14.6m in AML/CFT penalties on 12 reporting institutions; Citizens Development Business Finance Plc was fined Rs.3m, Cargills Bank Rs.2m, and L B Finance and Janashakthi Finance Rs.1m each for failures in reporting, sanctions screening and customer due diligence.
Daily FT·Jul 16, 2026·Award or certificationPositive
Citizens Development Business Finance PLC (CDB) has joined the Partnership for Carbon Accounting Financials (PCAF), becoming part of a 700+ member network to measure and disclose GHG emissions from its lending and investment portfolio and align with SLFRS S2 reporting.
The ASPI fell 1.07% (233.18 points) to 21,532.38 as investors sold amid renewed Middle East conflict concerns. Market turnover was over Rs 1bn, foreign investors were net sellers of about Rs 56mn, with banks and food & beverage sectors leading activity.
Colombo Stock Exchange fell as the ASPI dropped 1.07% (−233.18 pts) to 21,532.38 amid escalating West Asia tensions. Banks led selling with turnover at 1.04 billion rupees; Palm Garden Hotels reported non-compliance with minimum public holding and People's Leasing listed 59,766,864 scrip shares.
Colombo Stock Exchange's ASPI fell 0.40% (86.60 pts) to 21,678.96 and the S&P SL20 dropped 0.33% to 6,057.66, with market turnover Rs194.1m as banks weighed on the index. Alpha Fire Services announced a proposed acquisition of Icon Engineering, projecting group revenue above Rs1bn, ~30% higher profitability and foreign currency inflows from Maldives projects.
The 10th C Rugby Tag Rugby Tournament takes place on July 17-18 at CR&FC Grounds, featuring 16 teams and a new Corporate Segment that includes corporate challengers from Commercial Bank, Dialog, Cinnamon Colombo Hotels and CDB Finance.
Citizens Development Business Finance PLC (CDB.N0000) ran its sixth SMB Fair in Kandy on 19–20 June, showcasing local SMEs and offering a 25% cashback via CDB SELF QR payments. The two-day event drew over 1,000 visitors per day and aimed to boost small-business growth.
Citizens Development Business Finance (CDB.N0000) received a USD 15 million investment from Swedfund to expand MSME lending; 30% of financing will target women-owned or -led businesses and the deal includes support for ESG and climate-related lending practices.
Colombo Stock Exchange ASPI rose 44.99 points (0.20%) to 22,452.03 as gains in Sampath Bank, Central Finance, Colombo Dockyard and others lifted the market; turnover was Rs.349 million. Lee Hedges completed sale of land and premises to Amana Bank for Rs.2.7 billion on June 25, and both stocks traded higher.
Construction Activity
Ada Derana·Jun 24, 2026·Promotional / marketingPositive
Citizens Development Business Finance (CDB.N0000) signed an MoU with Hayleys Mobility on June 16, 2026 to provide tailored financing for electric and hybrid vehicles, offering flexible repayment tenors, exclusive insurance benefits and lifetime annual fee waivers on CDB credit cards for Hayleys customers.
Citizens Development Business Finance PLC (CDB) reported FY2025/26 Profit After Tax of Rs. 4.5 billion and total assets of Rs. 214.7 billion, surpassing the Rs. 200 billion milestone. Lending rose 53% to Rs. 169.2 billion, NPL ratio improved to 1.53%, the Board declared a Rs. 1.25 billion dividend and completed a one-for-ten share subdivision.
Renewable EnergyIT & Digital
Ada Derana·Jun 11, 2026·Earnings & resultsPositive
Citizens Development Business Finance (CDB.N0000) reported FY2025/26 Profit After Tax of Rs. 4.5 billion and total assets of Rs. 214.7 billion, surpassing the Rs. 200 billion milestone. The board declared a Rs. 1.25 billion dividend, completed a one-for-ten share subdivision, saw lending rise 53% to Rs. 169.2 billion and NPLs fall to 1.53%.
IT & DigitalRenewable Energy
Ada Derana·Jun 3, 2026·Award or certificationPositive
Citizens Development Business Finance-backed CDB PPL 2026 concluded after two days of competition with 43 teams, where Panther Pacers won the championship. The event, held at Playdium One Galle Face, also launched the PPL Bowling Membership and named CDB as title sponsor.
Central Bank cut LTV caps on motor financing (to 60% from 70% for >1yr vehicles; to 40% from 60% for newer/unregistered) and on gold loans (to 70% from 80%); Fitch says the tighter caps should strengthen lenders' risk profiles, especially finance companies.
Fitch says Sri Lanka's Central Bank cut LTV caps on motor financing (to 60% from 70% for vehicles >1yr and to 40% from 60% for newer/unregistered vehicles) and reduced gold-loan LTVs to 70% from 80%, measures that should strengthen lenders' risk profiles but may weigh on volumes and earnings, especially at finance companies.
Colombo Stock Exchange closed lower: ASPI -0.23% to 23,011.72 and S&P SL20 -0.30%, with turnover Rs.4.92bn and banks leading at Rs.3.04bn. Movers included Melstacorp, Hemas and CDB up while Ceylinco Insurance, Commercial Bank, DFCC and Colombo Dockyard fell; Laugfs Power commissioned a 2MW mini-hydro and ACME proposed a capital reduction (EGM Jun 11).
Colombo Stock Exchange was flat at midday: ASPI up 0.01% to 23,065 while banks led turnover at Rs.2.85 billion. Top movers included CDB (+4.65%), JKH (+0.49%), HHL (+1.21%) and NTB (+1.08%), while HAYL, COMB and DFCC fell.
Colombo Stock Exchange closed higher: ASPI rose 0.69% to 22,739 and S&P SL20 gained 0.51% to 6,245, with John Keells, Melstacorp and Hayleys among top positive contributors and DFCC, Lion Brewery and CDB leading declines; market turnover was Rs.4.13bn.
Citizens Development Business Finance PLC (CDB.N0000) launched the QR Sound Box, a device providing instant voice confirmations for QR payment transactions to improve merchant convenience and drive SME digital payment adoption; card acceptance functionality will be introduced later.
IT & Digital
Ada Derana·Apr 28, 2026·Promotional / marketingPositive
Citizens Development Business Finance PLC (CDB) launched the Sound Box, a device providing real-time voice confirmations for QR payments to boost merchant convenience and drive digital adoption among SMEs. The device supports QR transactions now and will add built-in card acceptance services in future.
IT & Digital
Ada Derana·Apr 20, 2026·Promotional / marketingPositive
Citizens Development Business Finance PLC was the Official Financial Partner of the Motor EV Technology Show 2026 (27–29 March at BMICH), providing tailored finance solutions for electric and hybrid vehicles. The event drew strong attendance and aligned with CDB's Net Zero initiative to expand access to sustainable mobility.
Citizens Development Business Finance PLC (CDB) partnered with The Creative Isle Ltd. for the CAN Market (6–8 March) to support women entrepreneurs, offering visibility, financial access and digital payment solutions (QR and CDB SELF).
Colombo market closed marginally higher: ASPI +0.05% (12.48 pts) at 23,703.10 and S&P SL20 +0.06% at 6,685.27 on turnover >Rs.4bn. Diversified financials, capital goods and banking led activity with CDB, DIAL, PLR, JKH and DOCK as key positive contributors while foreigners were net sellers (Rs.72m; YTD outflow Rs.15.9bn).
CSE ended flat for a second straight session: ASPI down 0.71 pts to 23,607.80 and S&P SL20 down 0.12% to 6,494.76. Top negatives included JKH, DOCK, DFCC, SFCL and HHL while Sierra Cables, Commercial Bank, CDB and RIL recorded gains; turnover ~Rs.4.9bn and foreign net inflow Rs.22m.