Category: Industry
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, […]
HIP Crosses One Million TEU Milestone; Advances Capacity Expansion Towards Two Million TEUs
Hambantota International Port (HIP) has surpassed one million TEUs in cumulative container throughput since the commissioning of new quay cranes in 2025, marking a significant milestone in the rapid growth of its container operations. The port handled 428,036 TEUs in 2025, while throughput reached 574,196 TEUs in 2026 year-to-date, bringing the combined volume to 1,002,232 […]
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). […]
First Capital Treasuries strengthens Board with experienced capital markets and treasury expertise
First Capital Treasuries PLC, a subsidiary of First Capital Holdings PLC and JXG (Janashakthi Group), has strengthened its Board with the appointment of Channa de Silva as Chairman. The Board’s capabilities have also been further enhanced with the appointments of Dudeepa Ratwatte and Niran Mahawatte as Independent Non-Executive Directors. The appointments bring extensive experience across […]
FAAMA Appoints New Executive Committee for 2026/27, targeting a US$1 billion local value-addition opportunity
The Fabric & Apparel Accessory Manufacturers Association (FAAMA) has reappointed Mr. Husni Salieh of Noyon Lanka (Private) Limited as the Chairman for the 2026/27 term at its Annual General Meeting held on 25 September 2026 at the Hilton Colombo. The AGM was graced virtually by Mr. Duminda Hulangamuwa, Chairman of the Board of Investment of […]
New ‘Ayubo’ Lottery Will Only Make the Poor Fund Free Healthcare: Advocata Institute
The government’s new ‘Ayubo’ daily lottery will result in lower-income citizens footing the bill for a universal free healthcare system accessible to all wealth brackets, the Advocata Institute warned. The warning follows the launch of the lottery last week by the National Health Development Fund (NHDF), the Ministry of Health and Mass Media, and the National Lotteries […]
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 […]