Company filings and market news from across Sri Lanka's stock market.
Pan Asia Banking Corporation (PABC.N0000) has received ISO 27001:2022 certification for its Information Security Management System. The certification covers IT functions including IT infrastructure, IT operations and the Security Operations Centre, reinforcing the bank's cybersecurity controls.
Colombo market rebounded as ASPI rose 151 pts (0.96%) to 15,861 on turnover of Rs.24bn, led by banking and blue‑chip gains; top contributors included COMB, HNB, SAMP, HAYL and JKH while BOGA, JKH and SAMP led turnover.
Colombo market fell 1.9% as the ASPI dropped 290 points to 15,711 on turnover of Rs.2.5bn, led by a selling spree; major negative contributors included HNB, SFCL, LOLC, COMB and HAYL. The banking sector accounted for 41% of turnover and its index lost 2.01%.
Pan Asia Banking Corporation (PABC.N0000) reported PAT of Rs.4.13bn for FY2024, up 123%, and the board proposed a Rs.1.00 per-share dividend. Net interest income rose 18% to Rs.12.13bn, NIM 4.93%, loans up 15% and CET1 at 19.17%.
Pan Asia Banking Corporation PLC reported PAT of Rs. 4.13 billion for the year ended 31 Dec 2024, up 123% y/y, and the board proposed a Rs.1.00 per share dividend. Net interest income rose 18% to Rs.13.0bn, EPS was Rs.9.34, loans grew 15% and CET1 ratio stood at 17%.
Colombo Stock Exchange rose after the Budget, with the ASPI up 1.3% and net foreign inflows of Rs. 777.4 million. Banking, insurance and diversified financials led the session, with Ceylinco, Melstacorp, NDB and Sampath among the top contributors.
Pan Asia Banking Corporation PLC (PABC) reported PAT of Rs.4.13 billion for the year ended 31 Dec 2024, a 123% increase with EPS rising to Rs.9.34. The board proposed a Rs.1 per share dividend (fourfold increase) as the bank cited improved asset quality, higher ROE (17.30%) and favourable funding conditions.
Dividend · Rs 1.00 · XD Apr 1, 2025
First And Final dividend of LKR 1/share; XD 2025-04-01; record 2025-04-01; payable 2025-04-23; FY 2024
PMF Finance PLC secured strategic funding support from Pan Asia Bank to finance green lending initiatives targeting SMEs. The partnership is intended to strengthen PMF Finance's financial position and enable expanded sustainable lending to small and medium enterprises.
DFCC Bank will reimburse LKR 2,000 of the transaction fee for remittances sent via Lanka Money Transfer to DFCC accounts (minimum LKR 50,000) during a promotion running until 31 January 2025. Customers are eligible for two monthly reimbursements and the top remitter wins a return air ticket.
Fitch upgraded the national long-term ratings of 10 Sri Lankan banks and affirmed five after recalibrating the national rating scale following a sovereign upgrade; upgrades include COMB, HNB, SAMP, SEYB, DFCC, NDB, NTB and PABC, while HDFC and SDB were affirmed. Fitch cited the sovereign IDR improvement as the driver.
Fitch upgraded the national long-term ratings of 10 Sri Lankan banks and affirmed five after recalibrating the national rating scale following a sovereign upgrade; most outlooks remain Stable. Union Bank and Cargills Bank carry Negative Outlooks due to capital-buffer and parent-support risks.
Fitch upgraded the national long-term ratings of 10 Sri Lankan banks and affirmed five after recalibrating the national rating scale following Sri Lanka's sovereign upgrade on 20 December 2024.
Colombo market opened bullish as the ASPI rose ~115 points (0.71%) to 16,373 on turnover of Rs.5.5bn. Banking and Capital Goods led activity with DFCC, HNB, NDB, Teejay Lanka, Sierra Cables, CIC and Ceylon Cold Stores among top contributors.
Colombo Stock Market opened 2025 strongly as the ASPI rose 2.5% (404 pts) to top 16,000 on Rs.12.8bn turnover and net foreign inflow of Rs.88.6m, led by blue-chips and banking names such as JKH, Browns Investments, Aitken Spence, Sampath Bank and Hemas.
Colombo Stock Exchange ended 2024 higher, with the ASPI up 0.74% at 15,944.61 and the S&P SL20 up 1.01% at 4,862.10. Turnover was Rs7.7bn, banks/diversified financials and capital goods drew the most interest, and there was a net foreign inflow of Rs129mn.
Colombo market saw nearly Rs.10bn turnover yesterday as ASPI rose 0.8% (week +4.9%), led by banking and diversified financials; top contributors were HNB, LOLC, DFCC, RCL and MELS, with notable gains in HNB, Commercial Bank, DFCC and LOLC.
Colombo Stock Exchange closed higher as the ASPI rose 1.07% to 14,810 and turnover hit Rs9.23bn, the highest since Feb 7. Top contributors included Central Finance, Ceylon Cold Stores, Melstacorp, Access Engineering and Chevron Lubricants; net foreign outflow was Rs226m.
Colombo Stock Exchange closed higher: ASPI rose 2.08% to 14,500 and S&P SL20 rose 2.48% to 4,349 on Dec 16, 2024, with turnover of 8.2 billion. Top turnover generators included Ceylinco, John Keells, Sampath, HNB and Pan Asia; banking stocks rose after the ISB announcement and net foreign inflow was Rs 100 million.
Union Chemicals Lanka PLC won the Overall Winner (Gold) — Best Entrepreneur of the Year 2024 (Western Province) at the Western Province Entrepreneur Awards held on 11 December 2024. Pan Asia Bank was the Gold Sponsor and LOLC General Insurance was an awards sponsor.
The Local Consortium of Sri Lanka, holding about 12% of outstanding ISBs, has committed to participate in the government's $12.55bn ISB Exchange Offer and Consent Solicitation. Members (including Commercial Bank, DFCC, HNB, NDB, Nations Trust, Pan Asia and Seylan) will take part in the Local Option.
Members of the Local Consortium of Sri Lanka, including several domestic banks, committed to participate in the government's exchange of US$12.55bn of defaulted international sovereign bonds; local holders own about 12% and a local‑option offers instruments denominated in LKR and USD.
A local consortium of eleven banks and financial institutions, including Commercial Bank, HNB, DFCC, NDB, Nations Trust, Pan Asia and Seylan, committed to participate in the Government's exchange offer to restructure US$12.55bn of ISBs; the consortium holds ~12% of outstanding ISBs.
The Colombo market ended the post-election week with ASPI down 1.1% for the week (S&P SL20 down 2.7%) but closed yesterday up 0.56% on below-average turnover of Rs.1.9bn. Banking stocks led turnover (Seylan, Pan Asia, Sampath, HNB) while BREW, COMB, CINS, SEYB and DIPD were top positive contributors and JKH dipped.
Fitch says a successful sovereign debt restructuring and reduced sovereign stresses would support Sri Lankan banks' operating environments and national credit profiles. The agency expects easing funding and liquidity pressures and improved access to foreign‑currency wholesale funding.
Fitch says Sri Lanka’s banks’ financial profiles would improve following a successful sovereign debt restructure for local bondholders, likely easing funding and liquidity pressures and restoring access to foreign-currency wholesale funding.
Fitch says a completed sovereign debt restructuring and improvement in Sri Lanka's credit profile would support banks' operating environment and credit profiles, citing high exposure to local treasury instruments (33.4% of assets) and easing funding and liquidity pressures.