Sampath Bank PLC

Sampath Bank's Basel III-compliant Tier 2 Green Bond issue was oversubscribed with applications exceeding Rs.10 billion, prompting the offer to close early on 17 July; the issue had targeted Rs.7 billion with an option to expand to Rs.10 billion.

Sampath Bank (SAMP.N0000) will list Rs10 billion of Basel III-compliant tier-2 green bonds, offering 13.00% and 13.25% coupons for 5- and 7-year maturities; Fitch assigned the issue a final National Long-Term Rating of A(lka). Subscription opens July 17.

Commercial Bank will open subscriptions on 16 July for up to Rs.20bn of Basel III-compliant subordinated debentures and Sampath Bank will open on 17 July for up to Rs.10bn of Basel III-compliant Tier-2 green bonds. Commercial Bank offers 5/7/10-year series at 13.00–13.25%; Sampath offers 5- and 7-year series at 13% and 13.25%.

Sampath Bank's proposed LKR10 billion Basel III-compliant subordinated green bonds were assigned a final National Long-Term Rating of 'A(lka)' by Fitch. The five- and seven-year bonds, to be listed on the CSE, will bolster Tier-2 capital and finance/refinance green projects and include a non-viability conversion clause.

National Development Bank PLC suffered an internal Rs. 13.2 billion fraud that went undetected, prompting a parliamentary probe that blamed Central Bank oversight failures and drew IMF demands for regulatory and AML/CFT reforms. The Central Bank has retained Deloitte India for a forensic audit with an interim report due in two weeks and a final report by July 18.

Sampath Bank PLC received Central Bank Governing Board approval to open a branch in Port City Colombo’s Business Centre (Building 1), enabling it to offer LKR and designated foreign-currency banking services to residents and non-residents under the CPCEC.

National Development Bank is facing allegations of a Rs. 13.2 billion fraud, prompting scrutiny of its audits, governance and supervisory oversight. A shareholder has filed derivative proceedings and commentators are calling for action from auditing and oversight bodies.

Sampath Bank posted PAT of Rs. 6.2 billion for 1Q 2026 on total operating income of Rs. 28.5 billion, with total assets crossing the Rs. 2 trillion mark. PAT fell 26% YoY due to Rs. 4.5 billion impairment charges and lower one-off gains, while NII rose 5% and loans grew by Rs. 127.5 billion.