Company filings and market news from across Sri Lanka's stock market.
Colombo market fell for a third day as ASPI lost 77 points to 12,719 on profit taking, with turnover up at Rs.3.2bn and net foreign inflow of Rs.200m (Rs.199.8m into JKH). Banking and capital goods led activity while several counters (COMB, MELS, DFCC, RICH, NDB) weighed on the index.
Colombo Stock Exchange closed down: the ASPI fell 0.60% to 12,719 on turnover of Rs3.1 billion. John Keells contributed Rs1.2bn to turnover; most banks (HNB, COMB, SAMP, NDB, DFCC) were down while Dilmah Ceylon Tea, Co-operative Insurance, Singer and Vallibel One were among top gainers.
Colombo Stock Exchange closed down: ASPI fell 0.46% to 12,795 and the S&P SL20 fell 0.58% to 3,852 on turnover of Rs 2.3bn. Banking stocks were mixed — HNB, Commercial Bank and NDB fell while Sampath and DFCC rose; HNB trades contributed Rs 758m to turnover.
Kavinda de Zoysa has been appointed Chairman of Bank of Ceylon; he is a career banker with over 30 years’ experience and was most recently Director and Country Business Head of Citibank Sri Lanka, with a track record in digitization and corporate banking.
NDB Bank's TradeLink platform won the National Best Quality Software Award (NBQSA) 2024 for innovation. TradeLink is an in-house end-to-end digital supply chain finance solution that provides real-time funding, visibility and cost-efficient access for Sri Lankan businesses.
Colombo Stock Exchange closed lower: ASPI down 0.06% at 12,855 and S&P SL20 down 0.11% at 3,875. Banking stocks led turnover and mostly fell (Commercial Bank, HNB, DFCC, NDB down) while Melstacorp, Sampath, Teejay Lanka and Lion Brewery were top gainers; turnover was 1.8bn rupees with a net foreign outflow of 31m.
NDB Bank's TradeLink platform won the NBQSA 2024 innovation award for its end-to-end supply chain finance digital solution. Developed in-house, TradeLink provides supply-chain visibility, real-time funding, cost-efficiency and 24/7 access tailored to Sri Lankan businesses.
National Development Bank PLC (NDB) has partnered with the Sri Lanka Institute of Marketing (SLIM) as the official banking partner for the SLIM SME Development Awards to support and empower SMEs. The collaboration aims to recognise SME achievements in marketing, branding and sales and provide tailored financial and capacity-building support.
Colombo Stock Exchange closed stronger with the ASPI up 0.73% (93.07 pts) at 12,863.65, led by financials; Citizens Development Business Finance Plc saw a Rs2.23bn crossing and its shares rose 1.63% to Rs233.50. Hatton National Bank and NDB also rose on the session.
National Development Bank (NDB) was named 'Bank Partner of the Year' at the 9th Asia Trusted Life Agents & Advisers Awards 2024 alongside AIA. The award recognises their decade-long bancassurance partnership and is the first time a Sri Lankan entity has won.
Colombo stock market turnover hit an 8-month high of Rs. 7 billion, led by Harischandra Mills (Rs.1bn), NDB (Rs.663m), Hayleys (Rs.534m), DFCC (Rs.340m) and PABC (Rs.339m); off-board trades transferred 13.9% of Harischandra and 10.7% of Swadeshi.
Colombo Stock Exchange closed higher: ASPI +0.20% (24.98 pts) at 12,770 and S&P SL20 +0.22% at 3,864, with turnover Rs7 billion. A crossing on Harischandra Mills contributed over a billion to turnover, a Swadeshi Industrial Works crossing involved HNWIs, and top ASPI contributors included Melstacorp, NDB, Central Finance and Hayleys.
President Dissanayake met with the Sri Lanka Banks' Association and pledged to fast-track digital transformation, including a National Digital ID to be implemented within 1.5 years, while committing to protect and support banks and entrepreneurs amid economic challenges.
National Development Bank PLC (NDB) was named Sri Lanka’s Best Bank for Corporates at the Euromoney Awards 2024. The bank highlighted its NEOS Corporate and NEOSBIZ digital platforms, trade finance offerings and partnerships (IFC, NEDA, EDB) to support corporate and SME clients.
NDB Bank (NDB.N0000) is the Official Banking Partner for SLIM DIGIS 2024, partnering with the Sri Lanka Institute of Marketing to support digital marketing talent and advance digital innovation.
National Development Bank PLC (NDB) was named Sri Lanka’s Best Bank for Corporates at the Euromoney Awards 2024. The bank highlighted its NEOS Corporate and NEOSBIZ digital platforms offering online payments, cash management, two-factor authentication and SME/corporate features.
ASPI rose 0.7% to 12,610 (a 32-month high) as turnover hit Rs.4.4bn, led by the banking sector which contributed 36% of turnover. HNB, Sampath, NDB, LOLC, Browns and MELS were top contributors while JKH fell modestly and foreigners were net sellers of Rs.12.2m.
NDB Bank, in partnership with AIA, won the 'Bank Partner of the Year' award at the ninth Asia Trusted Life Agents and Advisers Awards 2024. It is the first time a Sri Lankan entity has received this international award.
NDB, in partnership with AIA, won the 'Bank Partner of the Year' award at the ninth Asia Trusted Life Agents and Advisers Awards 2024, the first time a Sri Lankan entity has won. The decade-long bancassurance tie-up produced four COT and 23 MDRT members in 2023.
Colombo Stock Exchange closed higher: ASPI +0.74% to 12,610 and S&P SL20 +0.84% to 3,790, with turnover Rs4.4bn; Hatton National Bank accounted for Rs926m of turnover and there was a net foreign outflow of Rs12.21m.
NDB Bank held a skill-development forum for about 40 female entrepreneurs in Kandy on digitalisation and export orientation under its NDB Araliya Banking on Women platform.
NDB Bank presented teenager and entrepreneur Nethila Gamage with an NDB Pixel account, a digital savings product for ages 13–18 offering debit card access, NEOS mobile banking and promotional offers. The account is intended to promote financial literacy and independence among youth.
NDB.N0000 received a 'Good' Second-Party Opinion from Sustainable Fitch for its Sustainable Bond Framework, validating alignment with ICMA principles and enabling issuance to fund renewable energy, green buildings and social projects that support Sri Lanka's emissions and social goals.
Colombo market closed marginally higher as the ASPI rose 57 points to 12,357 on turnover of Rs.2.3bn and a net foreign inflow of Rs.118.1m. Banking-led buying (35% turnover) and gains in Commercial Bank, Sampath Bank, NDB and Central Finance drove the session, with Hayleys and Hemas also up.
NDB Bank (NDB.N0000) has become the Official Banking Partner for the SLIM SME Development Awards 2024 to support and recognise SMEs in marketing, branding and sales. The partnership includes tailored financial solutions, capacity-building programmes and promotion of digital banking to empower SMEs.
National Development Bank PLC concluded the second season of its 'Battle of the Brains' staff quiz; the Card Operations Department team won first place, with IT and Treasury teams finishing second and third.
National Development Bank (NDB) received a 'Good' Second-Party Opinion from Sustainable Fitch confirming its Sustainable Bond framework is fully aligned with ICMA green and social bond principles. The framework covers seven green and four social use-of-proceeds categories including renewable energy and affordable basic infrastructure.
National Development Bank PLC (NDB) is offering NDB credit cardholders 0% interest instalments for up to 36 months on purchases of LKR 100,000–2,000,000 from 1 Oct–31 Dec 2024. The promotion covers household items, air tickets and travel packages, and education expenses.
National Development Bank PLC (NDB) announced the NDB Aachara Loan Scheme for Sri Lankan pensioners, offering up to LKR 4.5 million with up to 15-year repayment, no-security lending and life insurance cover; applicants must credit their Department of Pensions payments to an NDB Aachara Account.