Company filings and market news from across Sri Lanka's stock market.
NDB Bank hosted the Araliya Medical Camp on March 8 for about 200 Araliya Women’s Account holders, offering comprehensive medical screenings and year-round partial lab-test cost coverage for account holders with 5+ years to improve access to healthcare.
Dividend · 1:44.211767 at Rs 112.74 · XD Mar 12, 2025
Dividend; XD 2025-03-12; record 2025-03-13; FY 31/12/2024
ASPI fell 43 pts (0.27%) to 16,123 as turnover dropped to Rs.2.36bn. CTC, MELS, CCS and BIL were notable negatives while HAYL, SEYB, HHL and CARS led gains; John Keells dominated turnover and its share rose 10c.
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.
Dividend · Rs 3.00
Dividend of LKR 3/share; FY 31/12/2024
National Development Bank PLC's fully owned subsidiary NDB Wealth launched Xapp, a digital investment platform offering real-time portfolio access, mobile account opening and investments from Rs.5,000, backed by the group's Rs.350 billion AUM and its Money Fund that invests in government bonds.
The ASPI rose 1.87% (about 296 pts) to 16,167 as the Colombo market staged a strong rebound and turnover doubled to Rs.5.18bn. The Banking sector led gains (Hatton, Nations Trust, National Development Bank, Sampath among top contributors) while capital goods and select stocks also saw heavy activity.
APB's 35th convention urged Sri Lanka's banks to adopt AI, open banking and diversify financial institutions to boost inclusion; Advocata warned high interest costs (Rs2.95tn, ~8.8% of GDP; rates ≈11%) are constraining recovery.
NDB Wealth (National Development Bank PLC) launched Xapp, a digital investment platform letting users open accounts and start investing from Rs.5,000 with real-time tracking and instant notifications. The app provides access to the Money Fund, which invests in government bonds aiming for higher returns with anytime withdrawals.
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.
CBSL Governor Nandalal Weerasinghe urged banks to tighten controls ahead of Sri Lanka’s upcoming AML/CFT evaluation and said a mock assessment by Dr. Gordon Hook will be conducted in March 2025. Regulators and the FIU highlighted expanded AI, digital controls and staff training to boost detection and compliance.
Dividend · Rs 3.00
Dividend of LKR 3/share; FY 31/12/2024
Dividend · Rs 5.00 · XD Mar 12, 2025
Final dividend of LKR 5/share; XD 2025-03-12; record 2025-03-13; payable 2025-04-02; FY 31/12/2024
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%.
NDB Bank launched 'NDB Pixel', a digital banking account for 13–18-year-olds that includes a personalized debit card and a default daily transaction limit of Rs.20,000 (adjustable with parental consent). The product, accessible via the NDB NEOS app, offers real-time access, parental oversight and instant SMS transaction alerts.
Sri Lanka's ASPI closed up 0.72% as renewed buying interest lifted the market, led by financials and with tourism stocks in focus; turnover was Rs 1.6 billion and there was a net foreign outflow of Rs 123 million.
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.
NDB Capital Holdings renewed its partnership with CFA Society Sri Lanka as a Silver Partner for the fourth consecutive year, aiming to support capital market development and industry professional standards.
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.
NDB Bank won a Silver Effie Award 2024 in the 'Brand Experience' category for its interactive AI Calendar. The award highlights NDB's use of AI and digital tools to enhance customer experience and its focus on digital banking innovation.
NDB Wealth Management (National Development Bank PLC) has partnered with Colombo Fashion Week 2025 to support Sri Lanka’s fashion entrepreneurs; the firm manages over Rs 350 billion in assets under management.
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.
Colombo bourse rebounded on Friday—ASPI +0.18%, S&P SL20 +0.6%—but ended the week down 0.3% and 0.6%; Friday turnover was Rs.3.5bn (weekly avg Rs.4.2bn). The banking sector led turnover (57%) and gained 0.89%, with COMB, MELS, JKH, NDB and SAMP among top contributors; net foreign outflow Rs.749.8m.
National Development Bank PLC reported a record FY2024 pre-tax profit of Rs. 24.3 Bn, up 141% YoY (including a Rs. 12.8 Bn one-off from the ISB restructure); underlying PBT rose 31% YoY excluding the one-off. NIM was 4.34%, Stage 3 ratio improved to 5.18%, CASA rose to 25% and the bank raised Rs. 10.0 Bn in Tier II capital.
National Development Bank (NDB) reported a record pre-tax profit of Rs. 24.3 billion for FY2024, up 141% YoY and including a Rs. 12.8 billion one-off gain from the ISB restructuring. Excluding the one-off, underlying pre-tax profit grew 31% and NIM stood at 4.34%.
Colombo market fell for a second day as the ASPI dropped 1.2% to 16,859 (≈215 pts) with turnover of Rs.2.9bn and a Rs.381mn foreign outflow; the Banking sector led the decline with HNB, Sampath Bank and NDB among the top negative contributors.
Colombo Stock Exchange closed up 0.3% as the ASPI rose 0.18% (30.34 pts) to 16,889.31, with turnover slowing to 3.5 million rupees and a net foreign outflow of 749 million rupees. Bank stocks led activity—Commercial Bank, NDB, Sampath and HNB were top contributors, while John Keells and CIC saw high turnover.
National Development Bank posted net profit of Rs.4.88bn in the Dec 2024 quarter, up over 14x year‑on‑year, aided by a Rs.10.0bn net impairment reversal after debt restructuring. Pretax profit rose to Rs.15.57bn, NII and fee income grew and Tier I capital was 13.68%.
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.
Colombo market closed lower as the ASPI fell 0.7% to 17,074 and the S&P SL20 dropped 0.8% on low turnover of Rs.3.7 billion (35.8% below the monthly average). Banks dominated turnover (30%); BUKI and SEMB were top positive contributors while COMB, HNB, HHL, JKH, CTC, SAMP and NDB were among the top decliners.