Category: Banking and Finance
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 […]
ComBank partners SolarRay Energy to expand access to green financing for solar solutions
Mr W. D. Jayasuriya, Chief Manager of the Retail Products Department of Commercial Bank and Mr. Elabada Liyanage Chamil Suranga Silva, Managing Director of SolarRay Energy exchange the agreement in the presence of representatives of the two companies. Driven by its commitment to providing sustainable financial solutions for its customers, Commercial Bank of Ceylon has […]
Sampath Bank Partners GV Auto to Accelerate Electric Vehicle Adoption in Sri Lanka
Mr. Abeeth Dangalla, Managing Director, Gavinro International (Pvt) Ltd (Fourth from Left) and Mr. Darshin Pathinayake, Chief Business Intelligence Officer, Sampath Bank PLC (Fourth from right) exchange the agreement in the presence of representatives from both organisations Sampath Bank recently entered into a strategic partnership with GV Auto by Gavinro International (Pvt) Ltd., expanding access […]
Pan Asia Bank Crosses Rs. 350 Bn In Assets; 1H Profit Rises 16%
Pan Asia Bank has surpassed Rs. 350 billion in total assets for the first time in its 31-year history, reporting a strong performance for the first half of 2026. For the six months ended 30 June, the Bank recorded a Profit After Tax of Rs. 2.5 billion, up 16% year-on-year, while Net Interest Income grew […]
ComBank Group takes deposits past Rs. 3 Tn. threshold in 6-month performance
The Commercial Bank of Ceylon Group has reiterated its leadership in financial intermediation, becoming the first private sector banking group in Sri Lanka to cross the Rs. 3 trillion threshold in deposits, a new performance benchmark established in the second quarter of the 2026 financial year. The Group’s deposits grew by Rs. 315.13 billion in […]
Sampath Bank Records Half Year Results with Profit After Tax of Rs 16.6 Bn, Reflecting 13% Year-on-Year Growth
Financial Performance Sampath Bank delivered a strong financial performance for the six months ended 30th June 2026, reporting Total Operating Income of Rs 63.3 Bn, an increase of 17% compared to the corresponding period last year. The Bank’s performance was driven by sustained growth across its core revenue streams, with Net Interest Income increasing by […]