Sri Lanka's ASPI closed down 0.05% at 16,115.47 on mixed sentiment with thin turnover of 2.1 billion rupees. There was a net foreign outflow of 409 million rupees; top negatives included Sampath, DFCC and Commercial Bank while John Keells, Hemas and Melstacorp saw high volumes.
Ada Derana·Mar 7, 2025·Promotional / marketingPositive
DFCC Bank’s DFCC Aloka has partnered with Uber Sri Lanka to provide Uber-registered female drivers, couriers and merchants with tailored financial services—POS, M-Teller, credit lines, fuel cards, corporate cards, preferential loans, savings and financial literacy—to expand women’s access to capital.
IT & Digital
Daily FT·Mar 7, 2025·Award or certificationPositive
AIA Insurance celebrated 20 years of bancassurance with a partners' event and previewed a publication, honouring bank partners including NDB, DFCC and Commercial Bank; the publication “In Pursuit of Perfection” will be released later this year.
ASPI fell 1.84% (297 pts) to 15,870, turning YTD performance to -0.47%, with the banking sector leading losses and DFCC, HNB, SAMP, COMB and CINS the top detractors. Turnover rose to Rs.2.4 billion, with banking accounting for 41% of turnover.
Sri Lanka's ASPI fell 1.84% (297.05 pts) to 15,870.25, dragged by financials with Ceylinco (-7.4%), DFCC (-5.1%), HNB (-1.8%), Sampath (-1.9%) and Commercial Bank (-1.9%). Turnover was Rs 2.3bn (banks Rs 982m) and net foreign outflow was Rs 109m.
Colombo market opened March down with ASPI -1.9% and S&P SL20 -2.1%, turnover Rs.1.5bn; profit-taking in banks (led by HNB, COMB, NDB) drove the fall while CTC, SPEN and AHUN were among top positive contributors; foreigners net sold Rs.127.4m.
TourismConsumer Staples (FMCG)
Daily FT·Mar 4, 2025·Award or certificationPositive
CFA Society Sri Lanka honoured the top 25 employers supporting CFA charterholders and candidates. Recognised local listed firms include John Keells, Hayleys, DFCC Bank, Hatton National Bank, Hemas, Commercial Bank and Capital Alliance.
Colombo Stock Exchange closed lower as the ASPI fell 1.89% to 16,167 and the S&P SL20 fell 2.08% to 4,828 as investors realised gains after IMF news; selling was concentrated in banking counters. HNB, Commercial Bank, Sampath, NDB and DFCC fell while Nations Trust Bank rose about 7.98%.
Interest Rates
Daily FT·Mar 3, 2025·Award or certificationPositive
DFCC Bank implemented Sri Lanka’s first Transparent Data Encryption (TDE) in its core banking system with MillenniumIT ESP to achieve PCI DSS compliance. The deployment was completed without disrupting operations, fully tested for compliance, and will receive ongoing support from MillenniumIT ESP.
ASPI rose 48 points (0.3%) to 16,479 on low turnover of Rs. 1.7 billion, led by gains in the banking sector. HNB, Commercial Bank and Sampath were top positive contributors (with CTC and LLUB also supportive) while CFIN, JKH and DFCC exerted downward pressure; banks accounted for 45% of turnover.
PMF Finance PLC secured strategic funding support from DFCC Bank to expand lending to small and medium enterprises (SMEs). PMF says the partnership reinforces its financial position and will be used to support SME growth.
Sri Lanka's ASPI fell 1.96% to 16,345.01 as stocks pulled back, dragged by financials amid thin turnover of LKR 2.3bn and a net foreign outflow of LKR 64m. Top decliners included Ceylinco, Commercial Bank, HNB, Melstacorp and LOLC while banking stocks saw the highest turnover.
Colombo Stock Exchange fell 1.20% (ASPI down 202.38 pts to 16,686.93) as banking-sector selling weighed on the market and turnover slid to 2.1 billion rupees with share volume down 45%. Top negatives included HNB, NDB, Commercial Bank, Central Finance and DFCC; Access Engineering’s subsidiary signed a PPA with the CEB.
ACOB will hold "The Compliance Symposium 2025" tomorrow at Cinnamon Grand, Colombo, with the Central Bank Governor and experts discussing AML, the upcoming mutual evaluation, SEC and FDI/Port City regulations, and the role of AI in compliance.
IT & Digital
Ada Derana·Feb 21, 2025·Earnings & resultsPositive
DFCC Bank reported Group Profit After Tax of LKR 9.9 Bn for the year ended 31 Dec 2024, with Group Net Operating Income up 30% to LKR 35 Bn and impairment charges down 68% to LKR 3.96 Bn. Fitch upgraded its national rating to A(lka) and Group CAR stood at 16.958%.
DFCC Bank held its Annual Branch Managers' Conference 2025, launching new values and a service blueprint aimed at driving digital transformation, enhancing service quality and focusing on retail banking, SME development and sales execution as it marks its 70th year.
Colombo Stock Exchange fell 0.9% as the ASPI dropped 0.86% to 16,927.13 amid profit-taking—especially in banks—and a net foreign outflow of Rs 380mn. DFCC reported an 80% rise in December-quarter profits and Sampath an 85% increase.
DFCC Bank group posted LKR 2,787 million profit in the December 2024 quarter, up 80% driven by capital gains and higher fee income. For the year to December the group reported LKR 9.77 billion in profits (up 15%) and EPS of 19.51, with loans and deposits rising and impairments down.
HNB, Commercial Bank and DFCC Bank are among multiple institutions sponsoring the Association of Professional Bankers of Sri Lanka's 35th Annual Convention scheduled for 19–20 February.
Sri Lanka's ASPI closed up 2.18% (362.03 pts) at 16,940.25, led by gains in diversified counters and bank stocks; the S&P SL20 rose 1.88% to 5,037.52, turnover was 4.8 billion rupees and net foreign outflow was 513 million rupees.
Ada Derana·Feb 14, 2025·Promotional / marketingPositive
DFCC Bank (DFCC.N0000) has partnered with David Peiris Renewable Energy to offer solar loans at a fixed 11.50% interest rate for five years, with loan tenors up to 10 years. The facility aims to lower upfront costs and boost solar adoption among households and businesses.
ASPI fell 1.3% (221 pts) to 16,345 as the Colombo market stayed bearish for a second day with Rs.2.4bn turnover; the Banking sector led losses and turnover, with HNB, SAMP, DFCC, MELS and COMB the main negatives and CTC, RICH and COOP top positives.
Sri Lanka's ASPI fell 1.33% to 16,345.30 as turnover was Rs2.3bn, with banks weighing on the market. Major decliners included NDB, Seylan, HNB, Sampath and DFCC while Nations Trust, Colombo Dockyard and Ceylon Tobacco gained; net foreign outflow was Rs64m.
Ada Derana·Feb 11, 2025·Promotional / marketingPositive
DFCC Bank launched a Valentine’s Day digital engagement campaign at its DFCC Galaxy Virtual Branch to promote the DFCC ONE mobile app. The interactive hidden “box of love” experience is designed to boost digital adoption and customer engagement.
IT & Digital
Daily FT·Feb 11, 2025·Award or certificationPositive
Lindel Industrial Laboratories Ltd., a subsidiary of Lanka Industrial Estates, received SLAB accreditation for fertiliser and fuel analysis, covering a range of fertilisers and fuel quality tests. The release also notes DFCC Bank's partnership with LINDEL in fostering industrial excellence.
Sri Lanka stocks fell, with the ASPI down 1.01% to 16,566.27 as investors awaited next week's government budget; turnover was low at Rs 2.07 billion and net foreign outflows totalled Rs 35.5 million, with financials and capital goods weighing on the market.
DFCC Bank signed an MoU with David Pieris Renewable Energy to offer low fixed-rate loans with a 5-year repayment period for solar energy systems and Calpak hot water systems. The bank will provide personalised loan packages while DPRE supplies exclusive solar solutions, including no-upfront-cost options for qualifying customers.