News & market updates

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.

SDB.N0000 (Sanasa Development Bank) supported the launch of Wasthra Ceylon's eco-friendly product range by strengthening the supply chain through its Rural Upliftment Program. The initiative backs products like 'Nari' sanitary napkins made from banana fiber and provides funding, manpower, materials and tech support.

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.

Sanasa Development Bank (SDB.N0000) appointed Kapila Ariyaratne as its new Executive Director/Chief Executive Officer. A veteran banker and former CEO of Seylan Bank, he will lead SDB’s focus on SME expansion and digital innovation.

Sanasa Development Bank (SDB.N0000) appointed Kapila Ariyaratne as its new Executive Director/Chief Executive Officer. Ariyaratne, formerly CEO of Seylan Bank, will lead SDB's growth agenda with a focus on digital solutions, SME support and financial inclusion.

SDB bank appointed Kapila Ariyaratne as its new Executive Director/Chief Executive Officer. He joins with long-tenured CEO experience at Seylan Bank and will focus on digital solutions, SME lending and financial inclusion to drive SDB's growth.

Sanasa Development Bank Plc appointed Kapila Prasanna Ariyaratne as Executive Director/Chief Executive Officer effective October 7; acting CEO Shanka Abeywardene will revert to his prior role as Chief Financial Officer.

SDB.N0000 marked its 27th anniversary with employee recognition (gold awards for 25-year staff), a school renovation and a blood donation drive, underscoring ESG efforts including renewable energy investments and digital banking across its 94 branches.

SDB bank (SDB.N0000) signed an MOU with USAID to implement the USAID Climate Adaptation Project in Sri Lanka, mobilising finance to scale climate adaptation in agriculture, fisheries and tourism. The partnership will build capacity, develop climate-focused financial products for agricultural value chains, and strengthen governance and climate-risk information.

Sanasa Development Bank (SDB.N0000) marked its 27th anniversary with employee recognition—awarding 25-year staff gold coins—and community initiatives including a school renovation and a blood donation drive. The week-long events were held across its 94-branch network.

Sanasa Development Bank (SDB) marked its 27th anniversary by honoring long‑service employees (gold coins for 25‑year staff) and running community initiatives including a school renovation and a blood donation drive. The bank highlighted ESG, renewable‑energy investments and digital inclusion across its 94 branches.

Sanasa Development Bank (SDB) signed an MoU with the Central Province Cooperative Development Department to provide financing, training and advisory support to cooperatives to strengthen value and supply chains and launch 'Green Village' tourism outlets. Twelve cooperative societies showcased new agro and cottage products under the initiative.

SDB bank announced a strategic partnership with Rabobank to boost agribusiness, SME and value-chain financing in Sri Lanka, emphasizing digital solutions, climate-smart agriculture and financial inclusion.

SDB bank signed an MoU with the Central Province Cooperative Development Department to strengthen cooperative value chains by providing finance, advisory and training and developing new agro products with 12 cooperative societies and a 'Green Village' sustainable tourism initiative.