Company filings and market news from across Sri Lanka's stock market.
DFCC Bank launched Sri Lanka's first 20-year fixed-rate home loan, offering the 20-year fixed product from 13% and home loan rates starting at 9.5%. The product includes up to 30-year terms, personalised repayment plans and full disbursement in as little as ten working days.
SDB bank (SDB.N0000) hosted the inaugural 'SDB Vyaapara Prathiba 2025' trade fair, showcasing products from over 100 local entrepreneurs and launching a Facebook 'SDB Vyaapara Prathiba Marketplace'. The bank's Rural Upliftment Program has supported over 3,000 entrepreneurs nationwide.
SDB Bank (SDB.N0000) signed an MoU with the Australia-funded Market Development Facility to co-invest and provide technical support to strengthen Sri Lanka’s coconut, coffee and mango value chains.
SDB bank posted a Profit After Tax of Rs. 410 million for the 2024 financial year. Net fee income rose 36% to Rs. 584 million, NIM was 5.18%, Q4 impairment charges fell 69% y/y and LCR stood at 279.65%.
Sanasa Development Bank (SDB) reported a Profit After Tax of Rs. 56 million for Q1 2025, with Net Interest Margin up 42 bps to 5.60%. Net fee and commission income rose 53%, impairments fell 31%, LCR was 234.15% and CAR 16.40%, reflecting improved asset quality and capital resilience.
SDB Bank launched and completed a value chain financing arrangement for the dairy sector with CEETEE, financing cattle shed renovations, construction and cattle purchases and conducting farmer awareness sessions to boost productivity and financial literacy.
IBM will collaborate with Pan Asia Banking Corporation PLC to modernise the bank’s digital infrastructure and deliver faster, more secure banking services across Sri Lanka. IBM also expressed support for Sri Lanka’s 2030 digital strategy and highlighted new hybrid AI technologies to scale enterprise AI.
SDB bank (SDB.N0000) held its Annual Business Awards to honour employee performance for 2024, with the Kalutara branch named overall best-performing branch. Central, North Western and North Central were subsequent top regions and over 30 award categories were presented.
The Central Bank of Sri Lanka launched the Sustainable Finance Roadmap 2.0 on 05 May 2025, setting prioritized actions for 2025–2029 to strengthen ESG risk management and finance sustainable development across banks, non‑bank financial institutions, capital markets and insurance. The roadmap was developed with IFC and EU support.
The SEC, with ADB technical support, released a regulatory framework enabling issuance and trading of Green, Blue, Social and Sustainability‑Linked (GSS+) bonds on the Colombo Stock Exchange, allowing sovereigns and corporates to raise capital for environmental and social projects.
Sanasa Development Bank (SDB) held its Annual Business Awards to honour employee performance for 2024, with the Kalutara branch named overall best-performing branch; over 30 award categories and regional winners were also recognised.
SDB Bank launched and completed a value-chain financing arrangement for the dairy sector with CEETEE, funding cattle-shed renovations, new sheds and cattle purchases. The bank also held farmer awareness sessions covering cow productivity, milk preservation and financial literacy.
SDB bank launched the 2025 'SDB Ithirum Charithraya' savings campaign offering gifts for deposits (Rs.100,000: travel bag; Rs.250,000: 1.5L rice cooker; cooperatives: travel bag/thermos for higher deposits). The campaign aims to boost savings, expand the bank's customer base and support cooperatives and SMEs.
SDB Bank launched the 2025 'SDB Ithirum Charithraya' savings campaign offering gifts for depositors: Rs.100,000 = travel bag; Rs.250,000 = 1.5L rice cooker; cooperatives can get a travel bag at Rs.250,000 or a stainless-steel thermos at Rs.500,000. The campaign aims to grow the bank's savings base and customer reach.
Sri Lanka stocks closed marginally up as the ASPI rose 0.21% to 15,912.61 while the S&P SL20 fell 0.16% to 4,759.06; turnover was 1.9 billion rupees and net foreign outflow was 140 million rupees.
SDB bank reported a Profit After Tax of Rs. 410 million for the 2024 financial year; NIM was 5.18% and net fee income rose 36% to Rs. 584 million, while impairment charges fell and liquidity remained strong.
Sanasa Development Bank (SDB) launched a 5-year Fixed Deposit campaign offering a maturity rate of 13% with a monthly interest rate of 9.75% p.a., marketed as a high-yield secure savings option.
SDB Bank signed a strategic partnership with the Institute for Rural Sustainable Development to implement its Rural Upliftment Program, targeting cooperatives, MSMEs, community-based tourism and women's empowerment in rural Sri Lanka.
SDB Bank signed an MoU with the Institute for Rural Sustainable Development to implement rural upliftment programs covering cooperatives, MSMEs, community-based tourism and women's empowerment. The initiative is part of SDB's Rural Upliftment Program to drive inclusive growth.
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 Stock Exchange rose with the ASPI up 1.31% (224.01 pts to 16,597.16) and S&P SL20 up 1.72% (85.42 pts to 5,047.45), driven by banking stocks and strong retail turnover. Top turnover generators included Commercial Bank, HNB, DFCC, NDB and Sampath Bank, with a net foreign outflow of Rs 279 million.
Sanasa Development Bank's UPay concluded the 'UPlay with UPay' internal staff competition with participation from over 100 teams to strengthen staff knowledge, engagement and promote the UPay digital wallet. The campaign highlighted app features, drove social media engagement and aimed to boost downloads and registrations.
Sanasa Development Bank (SDB.N0000) has appointed veteran banker Chitral De Silva as Deputy General Manager/Chief Business Officer. He brings over four decades of banking experience, including roles at Deutsche Bank and Seylan Bank, and expertise in digital banking and operations.
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.