Category: Banking and Finance
ComBank partners Payable to introduce ‘Soundbox’ for small business digital payments
Driven by its commitment to introduce the latest global technologies and continuously elevate the customer experience, Commercial Bank of Ceylon has announced the introduction of ‘Soundbox,’ an innovative audio-enabled digital payment acceptance device tailored for micro, small and medium enterprises. Powered by Mastercard and implemented in partnership with Payable (Pvt) Ltd, the Soundbox solution is […]
Fitch Rates Sampath Bank’s Proposed Basel III Subordinated Debentures Final ‘A(lka)’
Fitch Ratings has assigned Sampath Bank PLC’s (AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR10 billion a final National Long-Term Rating of ‘A(lka)’. The proposed debentures, which will mature in five and seven years, will be listed on the Colombo Stock Exchange. The bank plans to use the proceeds to […]
Seylan Bank Surpasses LKR 1 Trillion in Total Assets
Seylan Bank PLC, has surpassed LKR 1 trillion in total assets, marking a significant milestone in the Bank’s growth journey and strengthening its position among Sri Lanka’s leading private sector banks. The Bank reached the milestone in September 2026, becoming the fourth private sector bank in Sri Lanka to achieve this landmark. Surpassing LKR 1 […]
ComBank unveils ‘Prestige’ Banking to empower clients to craft their legacy for growth
New three-tier proposition combines bespoke banking, strategic wealth management, expert advisory, refined lifestyle privileges and enriching rewards The Commercial Bank of Ceylon has reaffirmed its commitment to providing a bespoke banking experience with the launch of ‘Prestige’ for Sri Lanka’s High Net worth (HNW) clientele. Bringing together the full weight and capabilities of Sri Lanka’s […]
Fitch Rates Merchant Bank of Sri Lanka’s Proposed Subordinated Debt ‘BBB+(EXP)(lka)’
Fitch Ratings has assigned Merchant Bank of Sri Lanka & Finance PLC’s (MBSL, A(lka)/Stable) proposed Sri Lankan rupee-denominated subordinated listed debentures of up to LKR1 billion an expected National Long-Term Rating of ‘BBB+(EXP)(lka)’. The proposed debentures will mature in five years and will be listed on the Colombo Stock Exchange. The company plans to use […]
Sampath Bank partners with Bancstac to Enable Google Pay Acceptance for Merchants
Sampath Bank now enables businesses to accept Google Pay over the Sampath Bank Internet Payment Gateway (IPG), powered by Bancstac. This innovation allows merchants to seamlessly offer Google Pay as a payment method, providing customers with a secure and frictionless biometric checkout experience using Android devices. An Immediate Revenue Driver for Merchants Participating merchants can […]
Sri Lankan Islamic Finance Industry to Advance from Small Footprint: Fitch Ratings
Fitch Ratings expects Sri Lanka’s Islamic finance industry to grow over the medium term, supported by regulatory progress, rising political will, and expanding conventional-bank participation through Islamic windows. Sri Lanka’s Islamic finance industry exceeded USD1 billion at end-1H26. Sri Lanka has one of the highest Islamic finance penetration rates among countries with Muslim-minority populations. However, […]
IMF says more time needed for Sri Lanka’s seventh review discussions
Dr. Martha Tesfaye Woldemichael, IMF Resident Representative for Sri Lanka (top left); Dr. P. Nandalal Weerasinghe, Governor, Central Bank of Sri Lanka (bottom left); Sanjaya Gunawardana, Managing Director and Chief Executive Officer, Sampath Bank PLC (top right); and Hiran Cabraal, Independent Non-Executive Director, Sampath Bank PLC (bottom right). The centre panel captures the Forum discussion […]
Fitch Upgrades Bank of Ceylon’s IDRs to ‘B-‘, VR to ‘b-‘; Outlook Stable
Fitch Ratings has upgraded Bank of Ceylon’s (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘B-’, from ‘CCC+’, with a Stable Outlook. Fitch has also upgraded BOC’s Viability Rating (VR) to ‘b-’, from ‘ccc+’, and Short-Term IDR to ‘B’, from ‘C’. The Government Support Rating (GSR) has been affirmed at ‘ns’ (no support). […]
Sampath Bank and KOKO Connect Merchants to New Opportunities for Business Growth
Darshin Pathinayake, Chief Business Intelligence Officer, Sampath Bank PLC (2nd from left), exchanges the agreement with Michael Sathasivam, Regional CEO, KOKO (2nd from right), while Asanka Liyanage, Deputy General Manager – Consumer & SME Banking, Sampath Bank PLC (1st from left), and Dinuki Karunatilake, Head of KOKO (1st from right), look on. Sampath Bank PLC […]
Sampath Bank Appoints Dilip de S Wijeyeratne as Deputy Chairman
Sampath Bank PLC announced the appointment of Mr. Dilip de S Wijeyeratne as Deputy Chairman, effective 10th September 2026, further strengthening the Bank’s leadership as it advances its strategic priorities and continues to evolve as a purpose-led, technology-enabled financial institution. Mr. Wijeyeratne brings extensive experience across banking, finance, risk management and compliance, investment banking and […]