Banks & Finance · Regional Banks
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 5.2B | Rs 541.5M | 0.57 |
| 2024 | Rs 5.5B | Rs 650.8M | 0.69 |
| 2023 | Rs 4.9B | Rs 440.0M | 0.50 |
No dividend records.
Cargills Bank PLC is a licensed commercial bank in Sri Lanka backed by the Cargills Group, a retail and FMCG conglomerate. Headquartered in Colombo, the bank operates a network of 26 branches across the island and provides a comprehensive suite of financial products including retail, corporate and SME banking, cards, treasury, digital channels, agriculture-focused lending, supermarket banking and business revival initiatives. The bank is listed on the Colombo Stock Exchange. The bank's strategy emphasises financial inclusion and growth through the Cargills Group ecosystem, leveraging retail channels such as Cargills Food City and digital innovation to expand reach into rural, SME and mass-market segments. It also focuses on strengthening governance, risk oversight, cyber resilience and ESG-aligned lending while supporting corporate clients with treasury and structured finance solutions.
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CBSL's Financial Intelligence Unit imposed Rs.14.6m in AML/CFT penalties on 12 reporting institutions; Citizens Development Business Finance Plc was fined Rs.3m, Cargills Bank Rs.2m, and L B Finance and Janashakthi Finance Rs.1m each for failures in reporting, sanctions screening and customer due diligence.
EPF fully exited holdings in six CSE-listed companies in 2025 — Cargills Bank, Ceylon Hotels, Colombo Dockyard, Jetwing Symphony, LAUGFS Gas and Sierra Cables — and made one new investment, buying 40 million shares in Hemas Holdings; its listed equity count fell from 65 to 59.
Colombo Stock Exchange closed down as the All Share Index fell 0.33% to 21,844.54. National Development Bank (+3.41%), Nations Trust Bank (+1.65%) and Janashakthi Insurance (+8.74%) led gains, while Dialog Axiata (-2.47%), John Keells (-1.02%) and Melstacorp (-1.14%) were top decliners; Cargills Bank listed 294,200,000 rights shares raising Rs.2,500,700,000.
Rights issue · 14:45 at Rs 8.50 · XD Feb 23, 2026
Rights issue · 14:45 at Rs 8.50 · XD Feb 23, 2026
Cargills Bank PLC's public float rose to 49.84% as at 19 Feb 2026 from 39.14% at 31 Dec 2025 after Cargills (Ceylon) and CT Holdings sold a combined 10.05%. The Central Bank has directed the bank to meet staged capital targets (Rs16bn by 31-Mar-2027 to Rs20bn by 31-Dec-2029) and to cut the two shareholders' combined holding to 45% by Mar-2027, 35% by Mar-2028, 25% by Mar-2029 and 15% by Dec-2029.
The Central Bank has directed Cargills Bank to meet interim capital targets (Rs.16.0bn by 31-Mar-2027; Rs.17.5bn by 31-Mar-2028; Rs.19.0bn by 31-Mar-2029; Rs.20.0bn by 31-Dec-2029) and to cut combined holdings of Cargills (Ceylon) and CT Holdings from current ~50.66% to 45% by Mar-2027, 35% by Mar-2028, 25% by Mar-2029 and 15% by Dec-2029.
Regulatory tightening dominated banks/finance as Cabinet named the SEC to regulate virtual asset service providers within a CBSL/FIU/IRD framework and approved a 2026-2030 national AML policy. The FIU flagged long-running trade-based money laundering via phantom imports, after probes found about $715m in fraudulent remittances. CBSL kept LTV caps on vehicle and gold loans. Services PMI signaled June expansion led by financial services.
Auto-generated from 17 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.