>Janashakthi Life Ranked Among Sri Lanka’s Top 75 Most Respected Entities
By Vipula Amarasinghe
Janashakthi Life, the flagship company of JXG (Janashakthi Group), has secured the 75th position among Sri Lanka’s Top Most Respected Entities for 2026 in the annual ranking published by LMD, highlighting its growing corporate reputation and commitment to customer confidence, innovation and responsible business practices.
The recognition reflects the life insurer’s continued efforts to strengthen its position in Sri Lanka’s insurance industry through sound corporate governance, financial performance, employee development and long-term value creation for its policyholders and other stakeholders.
The 2026 study was conducted by PepperCube Consultants in collaboration with LMD during March and April. It evaluated the perceptions of 600 managerial-level and senior respondents representing organisations listed on the Colombo Stock Exchange, the LMD 100 and Brands Annual 2025.
In addition to its overall ranking, Janashakthi Life recorded notable positions across several key corporate attributes. The company ranked 26th for Leadership Profile, 27th for Financial Performance, 38th for Corporate Dynamism, 47th for Aspirational Workplace and 51st for Employee Wellbeing.
Commenting on the achievement, Ravi Liyanage, Director and Chief Executive Officer of Janashakthi Life, said the recognition marked an important milestone for the company. He noted that the organisation had focused on building a strong life insurance brand, introducing a broad range of products and services, and creating meaningful value for policyholders and stakeholders.
He added that the recognition would encourage the company to continue raising its standards and developing propositions that respond to the changing needs of its customers.
With more than three decades of experience in the insurance sector, Janashakthi Life has introduced several protection solutions aimed at addressing different customer requirements. These include the Janashakthi Covid Guard initiative during the pandemic, life insurance coverage for individuals diagnosed with HIV, war cover for armed forces personnel and eligibility for life insurance coverage up to the age of 80. The company holds an A- credit rating from Lanka Rating Agency.
Its brand strength has also been reflected in other industry recognitions. Janashakthi Life was ranked among Sri Lanka’s Top Five Most Loved Life Insurance Brands in LMD’s Brands Annual 2026 and included among the country’s 100 Most Valuable Brands in Brand Finance Sri Lanka 2026.
Namalee A. Silva, Chief Business Officer of Janashakthi Life, emphasised that customer trust remains central to the company’s approach. She said the organisation continued to focus on understanding customer needs, offering relevant protection solutions and building lasting relationships with policyholders.
Beyond insurance, the company has maintained its involvement in education, sports and employee development. Its Shilpa Shakthi scholarship programme has supported Grade 5 students for 12 consecutive years, while its longstanding engagement with school cricket reflects its commitment to community development.
Janashakthi Life has also received recognition for its workplace culture, earning places among Sri Lanka’s 50 Best Workplaces for 2026 and Top 20 Great Workplaces for Young Talent 2026, as recognised by Great Place to Work® Sri Lanka. It was also named among the Top 20 Women-Friendly Workplaces 2026 at the Satynmag Women-Friendly Workplace Awards. In addition, Janashakthi Insurance PLC received the Silver Award at the SLITAD People Development Awards 2025/2026.
The latest LMD ranking further strengthens Janashakthi Life’s corporate standing as it continues to pursue responsible growth, enhance its service standards and develop insurance
22.10.2026
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Commercial Bank Wins Three Global Finance Awards for Digital Banking Excellence
By Vipula Amarasinghe
The Commercial Bank of Ceylon PLC has strengthened Sri Lanka’s position in the global digital banking arena by winning three prestigious awards at the Global Finance World’s Best Digital Bank & AI in Finance Awards 2026.
The Bank received awards for Best Consumer Digital Bank, Best Mobile Banking App and Most Innovative Digital Bank at the awards ceremony held at Raffles Hotel in Singapore. The recognition highlights the Bank’s progress in digital innovation and its efforts to enhance customer experiences through technology-driven financial services.
Commercial Bank was represented at the ceremony by Chief Digital Officer Randil Boteju, Digital Banking Unit Manager Ramendra Nonis and Senior Engineering Manager – IT Research and Development Nadika Nagahawatte.
The awards recognise the Bank’s continued investment in digital transformation, customer-focused technology and research and development. According to Commercial Bank, these efforts have helped strengthen its digital banking services and improve the functionality and accessibility of its online and mobile platforms.
The Global Finance awards assess financial institutions on several criteria, including their strategies for attracting and serving digital customers, customer adoption and growth, the range of digital products available, measurable benefits delivered through digital initiatives, and the design and functionality of websites and mobile applications.
Joseph Giarraputo, founder and editorial director of Global Finance, said digital banking had become a major priority for the financial services industry as banks increasingly adopted artificial intelligence, automation and advanced data analytics.
He noted that growing customer expectations for faster, more personalised and seamless services were encouraging banks to innovate while maintaining security, operational resilience and regulatory compliance.
Singapore-based DBS Bank was named the World’s Best Digital Bank at the same ceremony, highlighting the international competition and technological progress shaping the digital banking sector.
Commercial Bank’s success across three categories reflects the growing importance of digital platforms in meeting customers’ everyday financial requirements. Mobile applications and online banking services are increasingly central to how customers manage accounts, conduct transactions and access financial services.
The latest recognition also highlights the contribution of Sri Lanka’s banking technology capabilities to the wider international financial services industry. By developing digital solutions aligned with global standards, local banks can strengthen customer confidence and support the country’s transition towards a more digitally enabled economy.
Commercial Bank said the awards reaffirm its commitment to enhancing the security, functionality and convenience of its digital services while responding to changing customer needs and technological developments.
The honours add to the Bank’s longstanding record of recognition by Global Finance, which named Commercial Bank the Best Bank in Sri Lanka for the 24th time in 2026 under its World’s Best Banks awards programme.
The Bank also holds a prominent position in Sri Lanka’s financial sector. It was the first Sri Lankan bank to achieve a market capitalisation exceeding US$1 billion and was ranked the country’s No. 1 bank in the 2026 edition of The Banker magazine’s Top 1000 World Banks ranking.
Commercial Bank operates more than 270 branches across Sri Lanka, supported by an extensive network of automated banking machines. Its international operations include 21 branches in Bangladesh, a majority stake in a fully fledged Tier I bank in the Maldives, a microfinance company in Myanmar and a representative office at the Dubai International Financial Centre.
The Bank’s fully owned subsidiaries, CBC Finance PLC and Commercial Insurance Brokers (Pvt) Limited, further extend its financial services through their respective branch networks.
As competition in financial services increasingly centres on technology, convenience and security, Commercial Bank’s three international awards underline the strategic importance of continued digital investment. The recognition also reinforces the role of innovation in helping Sri Lankan financial institutions respond to evolving customer expectations and compete in an increasingly connected global banking environment.
20.10.2026
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LKR 3 Billion HLAB Fund Launched to Support Growth of Sri Lankan Startups
By Vipula Amarasinghe
Sri Lanka’s startup ecosystem is set to receive a major boost with the launch of HLAB, a LKR 3 billion investment fund designed to support early-stage and growth-stage businesses incorporated in Sri Lanka.
The initiative brings together Hatch, Lankan Angel Network (LAN) and BOV Capital in a collaborative effort to expand access to capital for entrepreneurs seeking to scale their businesses, enter new markets and build sustainable enterprises.
First Capital Holdings PLC has committed LKR 300 million as the fund’s anchor limited partner, representing 10% of its total target size. The commitment adds institutional investment to an initiative focused on strengthening the growth prospects of Sri Lankan businesses.
HLAB was announced at the final event of First Capital Startup Nation, a startup development programme organised by Hatch. The launch marks a further step in efforts to create stronger links between entrepreneurs, investors and experienced participants in the country’s startup ecosystem.
While many startups succeed in developing their initial products and proving their business models, securing the funding needed to expand operations and compete in larger markets remains a significant challenge. HLAB aims to address this gap by providing growth capital to eligible locally incorporated companies at important stages of their development.
The fund is intended to help businesses strengthen their operations, develop their market presence and pursue opportunities that could transform promising ventures into established companies.
Hatch Co-founder Jeevan Gnanam said the success of a startup ecosystem should be measured not only by the number of businesses established but also by their ability to grow into sustainable companies that create lasting economic value.
He noted that Sri Lanka has ambitious entrepreneurs and emphasised the importance of developing an environment in which they can access capital, experience and other resources required to expand their businesses beyond domestic markets.
BOV Capital Managing Partner Prajeeth Balasubramaniam, whose firm will manage the fund, highlighted the investment potential of Sri Lankan startups and pointed to the importance of successful exits in demonstrating the viability of the sector.
BOV Capital’s previous investment experience includes nCinga, which was sold to Singapore-based Zilingo in 2019, and InsureMe.lk, which was listed on the Colombo Stock Exchange in December 2025. The firm has also achieved partial exits in Roar Global and iFinity.
According to Balasubramaniam, these experiences demonstrate the potential for businesses to develop and generate investor returns despite challenging economic conditions. He also referred to the government’s Digital Strategy 2030 as an important element of the broader environment supporting startup development.
The launch of HLAB comes at a time when access to finance, technology adoption and the ability to compete internationally are increasingly important for Sri Lankan businesses. By bringing together investment capital and the experience of established ecosystem participants, the fund seeks to strengthen the pathways available to entrepreneurs looking to expand.
Beyond supporting individual companies, the initiative aims to contribute to the development of a stronger entrepreneurial environment in Sri Lanka, where promising businesses can create employment, attract investment and develop products and services for regional and international markets.
With a LKR 3 billion fund and First Capital Holdings PLC’s LKR 300 million anchor commitment, HLAB represents a collaborative effort to connect Sri Lankan founders with the resources needed to build competitive and sustainable businesses.
Its long-term significance will depend on how effectively the fund identifies promising companies, supports their growth and helps translate entrepreneurial ambition into lasting economic value.
20.10.2026
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DFCC Bank and Toyota Lanka Introduce Sri Lanka’s First 10-Year Lease for Brand-New Toyota Passenger Vehicles
By Vipula Amarasinghe
DFCC Bank has partnered with Toyota Lanka to introduce what the two companies describe as Sri Lanka’s first 10-year leasing facility for brand-new Toyota passenger vehicles, offering customers an extended repayment period and residual value options designed to provide greater flexibility in managing monthly financial commitments.
The new leasing proposition was formalised through a Memorandum of Understanding (MoU) between the two companies. It combines a lease tenure of up to 10 years with a residual value option of up to 50%, enabling eligible customers to structure their vehicle financing according to their financial circumstances.
According to the companies, the extended tenure and residual value arrangement could reduce monthly lease rentals by approximately 20% compared with a conventional five-year lease. The actual reduction will depend on factors including the applicable interest rate, selected lease period and residual value.
Under the arrangement, the residual value represents an amount that remains payable at the end of the initial lease period. Customers who prefer not to settle the outstanding amount as a lump sum may apply for a new five-year lease facility. Such an arrangement will be subject to a separate credit assessment, approval and the lending terms applicable at that time.
Thimal Perera, Director and Chief Executive Officer of DFCC Bank, said the initiative was developed to address both customers’ monthly affordability requirements and their financial obligations at the end of the lease period.
He noted that combining a longer repayment tenure with residual value options and a potential further financing arrangement would give customers greater flexibility in planning their vehicle purchases and managing their finances.
The facility is intended for salaried professionals, self-employed individuals, small and medium-sized enterprise (SME) owners and other business owners seeking a brand-new Toyota passenger vehicle for personal or everyday mobility. Eligibility will be subject to the Bank’s final validation and applicable lending requirements.
Manohara Atukorala, Managing Director and Chief Executive Officer of Toyota Lanka, said the partnership would provide customers with a more flexible approach to purchasing a brand-new Toyota. He also highlighted the importance of Toyota Lanka’s island-wide network, after-sales care and service support in delivering a reliable ownership experience.
The partnership brings together DFCC Bank’s leasing expertise and Toyota Lanka’s position as the authorised distributor of Toyota vehicles in Sri Lanka. In addition to financing options, customers will have access to genuine Toyota spare parts and after-sales services, which are important considerations in maintaining vehicle performance, reliability and long-term value.
The initiative comes at a time when financing arrangements and monthly repayment commitments remain important considerations for individuals and businesses planning to purchase vehicles. An extended lease period may help eligible customers spread their payments over a longer duration, although the overall cost of financing will depend on the terms agreed with the Bank.
Customers considering the facility will need to assess not only the monthly rental but also the residual amount payable at maturity, the applicable interest rate and the total cost over the lease period.
Through this collaboration, DFCC Bank and Toyota Lanka aim to make brand-new Toyota passenger vehicles more accessible to eligible buyers while offering a financing structure that accommodates different financial needs and repayment preferences.
19.10.20269
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Binance’s Tokenised Equity Platform Surpasses US$1 Billion in Assets in Four Months
By R. S. Kanthi
Binance has announced that its bStocks tokenised equity product has surpassed US$1 billion in assets under management (AUM), reaching the milestone approximately four months after its launch on June 11, 2026.
The achievement highlights the growing interest in tokenised financial assets, which combine traditional securities with blockchain technology to enable digital ownership, transfers and trading beyond conventional stock market hours.
According to Binance, bStocks has become the fastest tokenised equity product to reach the US$1 billion AUM milestone, based on on-chain data from Dune Research. The platform has recorded more than US$40 billion in cumulative trading volume since launch, averaging over US$300 million per day across the period.
The product range has also expanded significantly, growing from five assets at launch to nearly 100 tokenised stocks and exchange-traded funds (ETFs). Binance further reported that approximately US$6 billion has been converted between direct stock positions and bStocks, with conversions conducted at a 1:1 ratio.
bStocks are digital representations of US-listed stocks and ETFs, designed to be backed on a one-to-one basis by the corresponding underlying securities. Binance says eligible holders can trade these assets around the clock, transfer them on-chain and convert them into direct stock holdings through its platform, subject to applicable eligibility and product requirements.
Unlike products that provide only cash-linked exposure to an asset, Binance says bStocks are structured to be redeemable for the underlying securities themselves. However, access to these features depends on the product's terms, supported jurisdictions and applicable restrictions.
Shunyet Jan, Head of Exchange and Trading at Binance, said the significance of tokenised equities should be measured by their continued use after launch, rather than by initial market interest. He highlighted their applications in trading, collateral arrangements, transfers to self-custodial wallets and conversion into direct stock holdings.
The company also reported increasing use of bStocks within decentralised finance (DeFi), where blockchain-based financial services allow users to deploy digital assets in lending and other financial activities.
In early October, the proportion of bStocks deployed in DeFi, measured by total value locked, reached 11.2%, according to figures cited by Binance. This was approximately 3.8 percentage points higher than the reported rate across comparable tokenised equities.
The use of bStocks as collateral has also increased. Binance research indicated that outstanding borrowing against deposited bStocks collateral rose to 46.2% by September 10, compared with 5.5% at the end of June, representing an approximately 8.4-fold increase.
The company also reported that 58.5% of early bStocks users, based on data from the end of July, traded perpetual futures and/or direct equities on Binance. This suggests that tokenised equities may be attracting participation from customers who already use other financial products.
Another notable development is the growing demand for trading outside traditional US stock market hours. Binance reported that only 38% of its bStocks trading volume occurred during regular US market hours in July, compared with 89.2% for conventional US equities.
The broader tokenised equity market has also expanded rapidly. Binance research indicated that on-chain transfers of tokenised stocks exceeded US$100 billion in the third quarter of 2026, compared with approximately US$6 billion in the first quarter. The market capitalisation of tokenised equities also grew more than fourfold to exceed US$3 billion by late September, according to the company's figures.
Binance has additionally expanded collateral support for eligible users, allowing supported bStocks tokens to be used as margin and futures collateral. The company says this can enable eligible traders to borrow assets to increase market exposure, including through leverage of up to five times, subject to product conditions and risk controls.
The development reflects a broader shift in financial markets towards tokenisation, in which blockchain-based representations of traditional assets can be transferred and used within digital financial systems. Supporters argue that this approach could improve market accessibility, trading flexibility and the efficiency of collateral management.
Nevertheless, tokenised equities remain subject to risks, including market volatility, liquidity constraints, platform and technology risks, regulatory differences and the specific terms governing redemption and ownership. The availability of round-the-clock trading does not eliminate these risks or guarantee that token prices will always match the underlying securities.
Binance's latest milestone illustrates how tokenised financial products are moving beyond experimental launches towards larger-scale trading and collateral applications. Whether this growth develops into a lasting transformation of global equity markets will depend on investor confidence, regulatory clarity, liquidity and the ability of platforms to maintain reliable links between digital tokens and their underlying assets.
17.10.2026
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Sarvodaya Development Finance Expands Regional Network with New Kantale Branch
By R. S. Kanthi
Sarvodaya Development Finance PLC (SDF) has expanded its regional presence with the opening of a new branch in Kantale and the relocation of its Dehiattakandiya branch to new premises, strengthening its efforts to improve access to financial services for communities outside Sri Lanka’s major urban centres.
The new Kantale branch was officially opened on October 15, 2026, at No. 88/1/A, Main Street, Kantale. The opening ceremony was attended by the company’s Chairman and Directors, Chief Executive Officer, and members of its management team.
The establishment of the branch is expected to provide residents of Kantale and neighbouring areas with more convenient access to the company’s financial services. The move also reflects SDF’s strategy of extending its reach to regional communities and responding to their evolving financial requirements.
In a related development, the company relocated its existing Dehiattakandiya branch on October 14, 2026, commencing operations at 10.00 a.m. The branch, previously situated at No. 62/1E, New Town, Dehiattakandiya, now operates from No. 29/G, New Town, Dehiattakandiya.
The new premises are intended to make banking and financial services more accessible to existing and prospective customers in the area, while improving convenience for people seeking assistance with their financial needs.
Through these developments, Sarvodaya Development Finance aims to strengthen its engagement with a broad cross-section of regional communities, including farmers, small and medium-sized entrepreneurs, local business owners and individual customers.
Access to appropriate financial services is an important factor in supporting rural economic activity. Farmers require financial solutions to manage cultivation expenses and agricultural investments, while small businesses and entrepreneurs often depend on financing to expand operations, improve productivity and create new opportunities.
By strengthening its branch network, SDF seeks to bring financial services closer to these communities and support their participation in the formal financial sector.
The expansion also highlights the importance of regional financial institutions in promoting financial inclusion, particularly in areas where convenient access to financial services can make a meaningful difference to individuals and businesses.
Sarvodaya Development Finance has identified customer convenience, accessibility and reliable service delivery as key priorities in developing its operations. The company continues to focus on improving its branch network and service capabilities to meet changing customer expectations.
The opening of the Kantale branch and the relocation of the Dehiattakandiya branch represent further steps in this strategy, reinforcing the company’s commitment to strengthening customer relationships and supporting economic activities across Sri Lanka.
As regional communities continue to seek financial solutions for household needs, agriculture and entrepreneurship, the availability of accessible financial services remains an important element in encouraging local investment and sustainable economic development.
17.10.2026
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ComBank Partners Payable and Mastercard to Introduce Soundbox Digital Payment Device for Small Businesses
By R. S. Kanthi
Commercial Bank of Ceylon has partnered with Payable (Pvt) Ltd and Mastercard to introduce ‘Soundbox’, an audio-enabled digital payment device designed to make electronic payments more accessible to micro, small and medium-sized enterprises (MSMEs) in Sri Lanka.
The new solution aims to encourage small business owners who continue to depend heavily on cash transactions to adopt digital payment methods through an affordable, convenient and user-friendly system.
Powered by Mastercard, Soundbox enables merchants to accept contactless card payments and QR-based transactions through a single device. It supports major card networks and QR payment schemes available in the market, reducing the need for businesses to invest in multiple payment terminals.
One of the device’s key features is its real-time audio confirmation system. Whenever a payment is successfully completed, Soundbox announces the transaction, allowing merchants to verify payments immediately without interrupting their daily business activities.
QR-based payments also benefit from immediate crediting, helping small businesses manage their cash flow more efficiently. The system is particularly suited to neighbourhood shops, small retailers and other merchants who may find conventional point-of-sale infrastructure expensive or complicated to operate.
Commenting on the initiative, Commercial Bank Managing Director and Chief Executive Officer Sanath Manatunge said the solution would help remove longstanding barriers that prevent small merchants from entering the digital payments ecosystem.
He noted that affordable technology, immediate transaction confirmation, simplified onboarding and the ability to accept multiple payment methods through one device would help businesses participate more effectively in an increasingly digital marketplace.
Payable Co-Founder and Chief Executive Officer Yohan Wijesiriwardane said the partnership reflected the company’s long-term commitment to ensuring that merchants of all sizes could participate in Sri Lanka’s digital economy.
He emphasised that even newly established small businesses should have access to digital payment facilities comparable to those available to larger retailers, at a cost appropriate to their operations.
Mastercard Country Manager for Sri Lanka Mahesha Amarasuriya said the introduction of Soundbox represented an important step towards expanding digital payment acceptance among Sri Lanka’s micro and small merchants.
She said the initiative would support secure and convenient transactions, strengthen financial inclusion and contribute to the country’s transition towards a less cash-dependent economy.
The introduction of Soundbox is expected to provide benefits to both merchants and consumers. Businesses could reduce the risks and administrative burdens associated with handling cash, improve transaction transparency and build customer confidence through reliable payment confirmation. Customers, meanwhile, could enjoy faster and more convenient payment experiences when shopping at local businesses.
The initiative also aligns with wider efforts to expand digital financial services and bring more small enterprises into the formal financial system. By reducing the cost and complexity of accepting electronic payments, the solution could help smaller businesses respond to changing consumer preferences and participate more actively in the country's evolving digital marketplace.
Commercial Bank of Ceylon is one of Sri Lanka’s major private-sector banks, with a network of more than 270 branches and an extensive islandwide automated banking network. Its international operations include a presence in Bangladesh, the Maldives, Myanmar and Dubai.
The bank has also continued to invest in digital banking and financial technology as part of its efforts to improve access to banking services and deliver more convenient solutions to customers.
The Soundbox partnership represents another development in the expansion of digital payment infrastructure in Sri Lanka, with a particular focus on making electronic transactions more practical and affordable for small businesses.
15.10.2026
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DFCC Bank Recognises Sri Lanka’s Pensioners on Pensioners’ Day
By R. S. Kanthi
DFCC Bank has marked Pensioners’ Day by recognising the valuable contribution of Sri Lanka’s pensioners to their families, communities and the country, while highlighting financial services designed to support their needs during retirement.
The bank noted that retirement does not bring financial responsibilities to an end, as pensioners continue to manage healthcare expenses, home improvements, family commitments and personal aspirations. Many also play an important role in supporting the education and future of younger generations.
To help pensioners manage these financial needs, DFCC Bank offers DFCC Garusaru, a loan facility designed to provide eligible retirees with access to financing for a range of personal requirements.
Under the facility, eligible applicants can obtain loans ranging from LKR 100,000 to LKR 12 million, with repayment periods of up to 15 years, subject to the bank’s lending criteria.
The facility is available to government pensioners, widows and widowers receiving state pensions, and pensioners of the Central Bank of Sri Lanka and the Ceylon Electricity Board. Eligible former military and law-enforcement personnel who receive their salaries through the respective Pay and Records divisions may also apply.
Loan amounts and repayment periods are determined according to the applicant’s age, repayment capacity and the bank’s lending requirements. The loan must be fully repaid before the borrower reaches 75 years of age.
In addition to its lending services, DFCC Bank provides fingerprint authentication facilities for annual Life Certificates at 50 branches across the country. This service is available to eligible government pensioners who retired after 2016 and have registered their fingerprints with the relevant authorities.
The facility is intended to make the annual Life Certificate process more convenient for eligible pensioners, helping them access an essential administrative service through the bank’s branch network.
Through DFCC Garusaru and its related banking services, DFCC Bank aims to help pensioners manage their financial commitments and continue pursuing personal and family goals after retirement.
The bank’s Pensioners’ Day initiative highlights the importance of recognising the contributions of older generations while ensuring they have access to financial services that support their changing needs and help them maintain financial independence and security during retirement.
14.10.2026
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How Is a Banknote Printed?
By Vipula Amarasinghe
When we look at a banknote that we use every day, it may appear to be simply an image printed on paper. In reality, however, producing a banknote is a highly complex and secure technological process. Banknotes cannot be printed using ordinary printing machines. Specialised security printing presses, specially manufactured paper or polymer materials, specialised inks and advanced security technologies are used in their production.
The production of a banknote begins with its design. The size, colours, images, lettering, numbers and other symbols on the note are developed jointly by specialist designers and security technology experts. The main objective is to ensure that the banknote can be easily recognised while making it extremely difficult to reproduce fraudulently.
The next stage involves the use of a special security substrate that is completely different from ordinary printing paper. Many countries use specially manufactured cotton-fibre paper for their banknotes, while some countries also use polymer-based banknotes.
Certain security features can be incorporated into the material during its manufacture. These may include watermarks, security threads and specialised fibres.
The different elements of the banknote are then printed using specialised security printing presses. One type of printing process is used for background colours and complex patterns, while another specialised technique is used to create raised printing on the surface of the note.
This raised printing can also be detected by touch. When a person runs their fingers over a banknote, certain images, letters or numbers may feel different because of this specialised printing technique.
Specialised inks are also used to increase the security of banknotes. Some inks may appear differently when viewed under particular lighting conditions or from different angles. Some banknotes also contain microprinting—extremely small lettering that is difficult to see with the naked eye.
Security features such as watermarks, security threads, specialised inks, microprinting, intricate patterns and features visible under ultraviolet light make it considerably more difficult to produce counterfeit banknotes.
Once the printing process is completed, the banknotes undergo strict quality-control inspections. Automated inspection systems check colours, images, printing defects, security features and serial numbers. Notes that do not meet the required standards are removed from the production process.
The approved large printed sheets are eventually cut into individual banknotes using specialised cutting machines. The notes are then inspected again, counted as required, securely packaged and prepared for the currency-issuing process.
Therefore, a banknote is not simply a piece of paper on which ink has been printed. It is the result of a sophisticated manufacturing process that combines graphic design, specialised materials, security printing technology, modern machinery and strict quality control.
Behind every banknote that reaches our hands is a highly organised technological and security system designed to protect both its authenticity and its value.
07.10.2026
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Commercial Bank Launches Prestige Banking for High Net Worth Clients
By Vipula Amarasinghe
Mr Sharhan Muhseen, Chairman of Commercial Bank flanked by Mr Sanath Manatunge, Managing Director/CEO and Mr Hasrath Munasinghe, Executive Director/Chief Operating Officer at the launch of Commercial Bank Prestige Banking and (Below) at the opening of the rebranded Commercial Bank Prestige Banking Centre at R.G. Senanayake Mawatha, Colombo 07.
Commercial Bank of Ceylon has introduced ‘Prestige’, a new three-tier banking proposition designed to provide High Net Worth (HNW) clients with personalised financial services, strategic wealth management, expert advisory support and exclusive lifestyle benefits.
The initiative represents the transformation of Commercial Bank's existing ‘Elite’ Private Banking brand into a structured proposition aimed at meeting the increasingly complex financial, investment, family and lifestyle requirements of affluent customers.
According to the Bank, Prestige brings together the capabilities of Sri Lanka's largest private sector bank through an integrated platform that goes beyond conventional private banking. The proposition is built around five key areas: bespoke banking and financial services, strategic wealth and investment management, expert advisory services, refined lifestyle privileges and enriching rewards.
The Prestige experience is anchored by the Bank's flagship Prestige banking residence on R. G. Senanayake Mawatha in Colombo 07, which has received a refreshed new look. Commercial Bank also plans to extend the Prestige experience to strategically important cities across Sri Lanka.
The new programme features three levels — Diamond, Sapphire and Ruby — allowing services and privileges to be aligned with the customer's banking relationship and wealth profile. The Diamond Tier sits at the top of the proposition and is intended for the Bank's premier HNW clientele.
Commercial Bank Managing Director and CEO Sanath Manatunge said Prestige reflects the Bank's belief that leadership in banking involves understanding the broader ambitions and responsibilities that accompany wealth.
He said the initiative was designed to bring together the strength of a leading bank with a more comprehensive approach to customers' wealth journeys, providing the expertise and financial tools required to support long-term growth and legacy planning.
Under the first pillar, customers receive dedicated relationship management, queue-free branch banking and priority access through a 24/7 hotline, together with preferential rates on selected loans and deposits. The proposition also includes specially designed credit and debit card benefits with enhanced limits, family-oriented Junior and NextGen programmes and offshore account solutions.
The Strategic Wealth and Investment Management pillar provides clients with personalised strategies aimed at building and protecting wealth. Services include priority access to capital-protected income solutions, dual-currency investments, institutional investment opportunities and estate and portfolio governance.
Prestige also provides access to Expert Advisory Services, offering one-on-one guidance from senior specialists on personal and business-related financial priorities. These services extend to corporate liquidity guidance and assistance with international relocation, including overseas property and capital repatriation matters.
Lifestyle benefits form another component of the programme, with customers receiving access to VIP airport lounges, travel concierge services, preferential cross-border transaction rates and concierge assistance for selected property management and medical coordination requirements.
Members will also have access to private art showcases, culinary experiences and selected partner status upgrades.
The fifth pillar, Enriching Rewards, provides reward points on card transactions, additional points at selected partner merchants and the option of converting points into airline miles. The programme also includes bundled digital streaming subscriptions, customised welcome gifts and milestone recognition based on individual lifestyle preferences.
Commercial Bank said the new proposition is intended to create a more comprehensive relationship between the Bank and its HNW clients, extending beyond everyday banking to areas such as wealth preservation, investment decisions, legacy planning, family interests and business requirements.
The transformation also covers the customer experience across the Bank's physical and digital platforms. Existing Elite customers are being transitioned to Prestige through personalised communication and guidance on their new tier benefits, while branches, digital channels and card-related materials are being brought under the new Prestige identity.
The Bank said Prestige provides a structured pathway through which customers can progress across the three tiers as their wealth and banking relationships develop.
Commercial Bank of Ceylon is the largest private sector lender in Sri Lanka and was the first Sri Lankan bank to exceed a market capitalisation of US$1 billion. It was ranked as Sri Lanka's No. 1 bank in the 2026 Top 1000 World Banks ranking published by The Banker magazine in the United Kingdom.
The Bank operates more than 270 branches and an extensive network of automated machines across Sri Lanka, while maintaining an international presence through operations in Bangladesh and the Maldives, a microfinance company in Myanmar and a representative office at the Dubai International Financial Centre.
Its fully owned subsidiaries, CBC Finance PLC and Commercial Insurance Brokers (Pvt) Limited, further expand the Group's financial services offering.
With the launch of Prestige, Commercial Bank is seeking to establish a more integrated model of premium banking in Sri Lanka, combining financial expertise, wealth management, advisory services and selected lifestyle experiences around the evolving needs of HNW customers.
07.10.2026
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Siyapatha Finance Expands North Western Presence with New Narammala Branch
By bVipula Amarasinghe
Siyapatha Finance PLC has further expanded its islandwide presence with the opening of its 69th branch in Narammala, Kurunegala District, strengthening access to formal financial services for communities and businesses in the North Western Province.
Located on Negombo Road, the new branch is strategically positioned to serve Narammala and surrounding rural communities, while providing convenient access to customers travelling between Kurunegala and Colombo. The expansion comes as Narammala continues to develop as a semi-urban commercial and service centre, generating increasing demand for accessible and customer-focused financial solutions.
The new branch was officially opened by Siyapatha Finance PLC Chief Executive Officer Mathisha Hewavitharana, in the presence of Chief Operating Officer Rajeev De Silva, Siyapatha Shilpaloka recipient Dumashi Navindya, senior management and staff members.
The occasion was also attended by Narammala Divisional Secretary Darmasiri Rathnayake, OIC Tiudar Abeywickrama, Grama Niladhari Darmasiri Rathnayaka, Trade Association President Saliya Wickramarachchi, representatives of government and private banks and insurance companies, as well as other invitees and well-wishers.
Speaking at the opening ceremony, CEO Mathisha Hewavitharana said Narammala presented an important opportunity for the company's expansion strategy due to its diverse economic base and strong connectivity.
He noted that the area supports a range of economic activities, including trade and services, small-scale textile, timber and furniture manufacturing, as well as agriculture, particularly paddy and coconut cultivation.
“Our goal is to make a real difference in the standard of living of every community we serve, and we look forward to supporting the ambitions of households and businesses here,” Hewavitharana said.
The Narammala branch offers a broad range of financial products and services designed to meet the needs of individuals, entrepreneurs and small and medium-scale enterprises. These include leasing, fixed deposits, savings facilities, gold financing, business loans, personal loans, fast draft, factoring and Smart Pay, Siyapatha Finance's bill payment facility.
The opening of the Narammala branch takes Siyapatha Finance's branch network to 69 locations across the country, reinforcing its commitment to providing financial services closer to customers outside major urban centres.
Siyapatha Finance PLC is the largest fully owned subsidiary of the Sampath Bank Group and has been operating in Sri Lanka for more than two decades. The company has supported the growth of small and medium-scale businesses while also providing financial solutions to individuals across the country.
The company has received a National Long-Term Rating of 'A(lka)' with a Stable Outlook from Fitch Ratings, reflecting its financial position and continued growth prospects.
With the addition of Narammala to its growing network, Siyapatha Finance aims to play a greater role in supporting the financial aspirations of households, entrepreneurs and businesses in the region while contributing to the continued economic development of the North Western Province.
07.10.2026
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DFCC Bank Achieves ISO 22301:2019 Certification, Strengthening Service Resilience
DFCC Bank has achieved ISO 22301:2019 certification for its Business Continuity Management System (BCMS), reinforcing its commitment to maintaining critical banking services and protecting customer interests during unexpected disruptions.
The internationally recognised certification validates the Bank's business continuity framework, confirming that its governance, risk management, contingency planning, and response mechanisms meet global best practices for operational resilience.
The achievement marks a significant milestone in DFCC Bank's ongoing efforts to ensure uninterrupted access to essential banking services while strengthening its ability to anticipate, respond to, and recover from a wide range of operational challenges.
ISO 22301:2019 is the globally accepted standard for Business Continuity Management Systems, providing organisations with a structured approach to identifying potential threats, preparing for disruptions, and ensuring the continuity of critical business operations.
For DFCC Bank, the certification reflects years of investment in resilience, risk management, and preparedness across the organisation. The framework enables teams to effectively manage operational risks, coordinate response efforts, and minimise the impact of unforeseen events on customers, employees, and other stakeholders.
Commenting on the achievement, Kushan Jayasuriya, Senior Vice President (Integrated Risk Management) and Chief Risk Officer of DFCC Bank, stated:
"Banking services play an essential role in the daily lives of individuals, families, and businesses. Our responsibility is to ensure that critical services remain available, even during challenging circumstances. Achieving ISO 22301:2019 certification is a recognition of the strong business continuity framework we have built and the collective commitment shown by teams across the Bank. More importantly, it provides a strong platform for us to continuously enhance our resilience as risks and operating conditions evolve."
The certification was achieved through a coordinated, Bank-wide effort to embed business continuity principles into governance, strategic planning, operational processes, and day-to-day decision-making. It also reflects DFCC Bank's culture of preparedness and its commitment to continuous improvement.
As the operating environment continues to evolve, DFCC Bank will continue to strengthen, test, and enhance its business continuity capabilities in line with international standards, ensuring reliable service delivery and building greater confidence among customers, regulators, and stakeholders.
06.10.2026
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Hayleys Mobility and Siyapatha Finance Partner to Expand Vehicle Financing Options
By Vipula Amarasinghe
Mr. Rajieve Fernando, Chief Executive Officer, Hayleys Mobility Limited; Ms. Roshani Dharmaratne, Executive Director, Hayleys Mobility Limited; Mr. Hasith Prematillake, Managing Director, Hayleys Fentons Limited; Mr. Mathisha Hewavitharana, Chief Executive Officer, Siyapatha Finance PLC; Mr. Rajeev De Silva, Chief Operating Officer, Siyapatha Finance PLC; and Mr. Hisham Ziard, Chief Marketing Officer, Siyapatha Finance PLC.
Hayleys Mobility Limited, the mobility arm of Hayleys Fentons Limited, has entered into a strategic partnership with Siyapatha Finance PLC to provide customers with more flexible vehicle financing solutions across its expanding range of passenger and commercial mobility products.
The partnership was formalised through the signing of a Memorandum of Understanding (MoU), bringing together Hayleys Mobility’s growing portfolio of international vehicle brands and Siyapatha Finance’s financial services expertise and islandwide presence.
The collaboration is expected to provide customers with greater access to convenient leasing facilities, supporting individuals and businesses seeking financing solutions for their vehicle purchases.
Mathisha Hewawitharana, Chief Executive Officer of Siyapatha Finance PLC, said the company remains focused on developing financial solutions that respond to the changing needs of customers.
He said the partnership with Hayleys Mobility brings together two organisations with a common focus on service excellence, customer value and creating wider opportunities for Sri Lankan consumers.
Hasith Prematillake, Managing Director of Hayleys Fentons Limited, said Hayleys Mobility is developing a comprehensive mobility ecosystem that combines internationally recognised vehicle brands with engineering expertise, charging infrastructure and after-sales support.
He added that the partnership with Siyapatha Finance would strengthen the financing choices available to customers while providing greater flexibility and convenience in vehicle ownership.
Hayleys Mobility Executive Director Roshani Dharmaratne said the company's portfolio includes OMODA & JAECOO, KAIYI and SRM four-wheelers, together with CFMOTO and ZEEHO two-wheelers.
She said the diverse portfolio enables the company to address a range of personal and commercial mobility requirements, catering to different lifestyles, business needs and stages of customers’ mobility journeys.
The partnership forms part of Hayleys Mobility’s broader strategy to develop an integrated mobility offering in Sri Lanka, while expanding access to vehicle ownership through financing and leasing solutions.
Through the collaboration, Hayleys Mobility and Siyapatha Finance aim to provide customers with greater choice and convenience when selecting and financing vehicles across the passenger and commercial mobility segments.
10.10.2026
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ComBank hands over fully refurbished wards at De Soysa Hospital for Women
The Commercial Bank of Ceylon recently handed over Wards No. 03 and 04 of the De Soysa Hospital for Women, after the completion of a comprehensive renovation project launched in March this year to mark International Women’s Day.
Wards 03 and 04 handle a substantial share of the hospital’s patient load, and account for approximately 2,500 to 3,000 deliveries and 4,000 to 5,000 admissions annually. Their refurbishment was designed to significantly enhance patient care, safety and comfort, and directly benefit thousands of mothers and newborns.
Five Trustees of the Commercial Bank’s Corporate Social Responsibility Trust participated in the formal handing over of the refurbished wards to the hospital authorities. They were Mr Sharhan Muhseen, the Bank’s Chairman, Mr Raja Senanayake, Deputy Chairman, Mr Sanath Manatunge, Managing Director/CEO, Mr Hasrath Munasinghe, Chief Operating Officer, and Mr Prasanna Indrajith, Chief Financial Officer.
Established in 1879, the De Soysa Hospital for Women is the first maternity hospital in Sri Lanka and the second oldest in Asia and is credited with, among others, performing the country’s first caesarean section in 1905 and establishing one of its earliest organised operating theatres in 1907.
The Commercial Bank’s Corporate Social Responsibility Trust, through which this project was implemented, has via its healthcare-related interventions supported more than 100 government hospitals with essential equipment and infrastructure, contributed to emergency medical services through the ‘Adopt an Ambulance’ initiative, and implemented targeted community health interventions such as water storage solutions for families affected by kidney disease.
Pictured here are the representatives of the Bank and senior officials of the hospital at the ceremonial handing over of the refurbished ward.
10.10.2026
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Credit Information Bureau of Sri Lanka (CRIB) Holds 36th Annual General Meeting, Highlighting Record Growth and Strategic Transformation
Mr. Naleen Edirisinghe - Director CRIB, Mr. Anura Perera - Director CRIB, Mr. I.S.N.Perera - Director CRIB, Mrs. R.R.S. De Silva Jayatillake - Director CRIB, Mr. K.G.P. Sirikumara - Chairman CRIB, Mr. Pushpike Jayasundera - Director/ General Manager CRIB, Mr. Senarath Bandara - Director CRIB, Mr. Arjuna Gunaratne - Director CRIB, and Mr. Chandika Hettiarachchi- Director CRIB.
The Credit Information Bureau of Sri Lanka (CRIB) successfully convened its 36th Annual General Meeting (AGM) on September 9, 2026. The event brought together CRIB’s Board of Directors and representatives of member institutions to review the performance and strategic direction for the financial year ended 31st December 2025.
Following the opening proceedings, CRIB’s essential role in Sri Lanka's ongoing transition towards macroeconomic stability and sustainable economic recovery was highlighted.
Focusing on the Bureau's evolving mandate, Chairman Mr. K.G.P. Sirikumara noted: "As the economy transitions from crisis management to growth reactivation, credit intelligence serves as a critical enabler of recovery. In post-crisis recovery phases, CRIB becomes an instrument of trust reconstruction—enabling financial institutions to move toward data-driven, risk-calibrated credit underwriting frameworks that empower MSMEs and support sustainable real-sector growth."
Driven by heightened economic activity and increasing reliance on data-led lending, CRIB reported strong operational and financial outcomes for 2025. Total credit and analytical reports issued expanded by 41% to 13.46 million. The adoption of benchmarked CRIB Score reports grew by 89% to 7.7 million, while citizen self-inquiries via MyReport surged 79% to 77,000, reflecting greater public financial awareness. Financial results were equally resilient, with total revenue rising 45% to Rs. 2.41 Billion, generating a Profit After Tax of Rs. 1.48 Billion (up 42%) and an Earnings Per Share improvement of 44% to Rs. 5,924.
Director/ General Manager Mr. Pushpike Jayasundera highlighted the Bureau's strategic shift in focus: "2025 marked the acceleration of our strategic shift from a traditional credit information provider to a predictive credit intelligence institution. "By combining advanced data and behavioral analytics with our extensive data assets, we are empowering institutions to move toward scientific, risk-based decision-making while expanding financial inclusion for thin-file individuals and MSME segments."
The Bureau also highlighted its robust digital architecture, connecting nearly 70 licensed financial institutions and laying the groundwork for integrating Artificial Intelligence across its core data lifecycle, including acquisition, validation, and dissemination. Additionally, CRIB affirmed active adoption and implementation of the Personal Data Protection framework, which includes appointing dedicated Data Protection Officers and developing a sector-wide data usage code of conduct to ensure maximum transparency and security.
In line with the agenda, shareholders adopted and approved the Annual Report and Statement of Accounts for 2025.
CRIB remains committed to advancing a modern, technology-enabled credit ecosystem anchored in trust, data integrity, credit intelligence, and national economic progress.
Established by the Credit Information Bureau of Sri Lanka Act No. 18 of 1990 as amended by Act No. 8 of 1995 and 42 of 2008, CRIB is the first credit bureau in the South Asian region. An initiative of the Central Bank of Sri Lanka and the Ministry of Finance, the Bureau serves as the national repository of credit information for all borrowers, delivering a range of value-added services that facilitate faster and more affordable access to credit, thereby enhancing financial inclusion for all citizens.
25.09.2026
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DFCC Bank Named Sri Lanka’s Best Cash Management Bank for 2026
By Vipula Amarasinghe
Thimal Perera, Director/Chief Executive Officer, DFCC Bank PLC, holding the award.
Also in the picture from left to right: Manula Ekanayake, Assistant Vice President, Payments & Cash Management DFCC Bank PLC,Ishani Palliyaguru, Senior Vice President, Head of Wholesale Banking & Trade, DFCC Bank PLC.
DFCC Bank has been recognised as Sri Lanka’s Best Cash Management Bank for 2026 by The Asian Banker, highlighting the bank’s continued development of transaction banking services and digitally enabled solutions for businesses.
The recognition reflects DFCC Bank’s focus on helping businesses manage payments and collections, automate reconciliation, improve liquidity and working capital management, and gain greater visibility over their financial operations.
A key component of the bank’s cash management offering is DFCC iConnect, an integrated digital payments and cash management platform designed for corporate, multinational and SME customers.
Through DFCC iConnect, businesses can manage local and international payments, payroll, supplier settlements, collections and account information through a secure digital environment. The platform also provides integration with enterprise resource planning systems, automated receipt identification and reconciliation, real-time account visibility, customised reporting, multi-level authorisation and mobile transaction approvals.
These features are designed to reduce manual financial processes while strengthening internal controls and enabling finance and treasury teams to respond more efficiently to changing business requirements.
Commenting on the recognition, Shamindra Marcelline, Deputy Chief Executive Officer of DFCC Bank, said the award reflected the proposition the bank had developed around the day-to-day operating needs of businesses. He noted that payments, collections and liquidity management are central to business operations and that DFCC aims to make these processes simpler, faster and more secure.
Ishani Palliyaguru, Senior Vice President and Head of Wholesale Banking at DFCC Bank, said effective cash management requires more than transaction processing, highlighting the importance of real-time visibility, automation, strong controls and solutions that integrate with individual business operations.
DFCC Bank provides cash management and transaction banking services to large corporates, multinational organisations, government institutions and SMEs, with solutions tailored to different operational requirements.
The latest recognition comes as businesses increasingly focus on digitising financial processes, improving working capital efficiency and strengthening financial resilience.
DFCC Bank said it will continue investing in technology, data and customer-focused transaction banking capabilities to support businesses in improving efficiency and managing their financial operations.
25.09.2026
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Nations Trust Bank Brings Business Leaders Together Through Nations Business Advisory
By Vipula Amarasinghe
Nations Trust Bank PLC has continued its efforts to strengthen business dialogue in Sri Lanka through its ‘Beyond Ordinary – Nations Business Advisory’ platform, bringing together entrepreneurs, business leaders and industry experts to discuss developments shaping the country’s business environment.
The latest edition of the knowledge-sharing initiative was held in Kandy, attracting business leaders and entrepreneurs from the region for an evening focused on economic developments, market trends, taxation and emerging opportunities.
The platform provides participants with access to expert insights while creating opportunities to exchange ideas and build connections with fellow members of Sri Lanka’s business community.
The keynote address at the Kandy session was delivered by Dhananath Fernando, Chief Executive Officer of the Advocata Institute, who shared his views on economic trends, market dynamics and changes taking place within the business landscape.
The keynote was followed by a panel discussion featuring Tishan Subasinghe, Managing Director of Moore Consulting and President of CA Sri Lanka; Dhananath Fernando; and Arosha Liyanaarachchi, Senior Executive Vice President – Commercial Banking at Nations Trust Bank.
Liyanaarachchi said the Nations Business Advisory platform was established to create a space where business leaders, industry experts and customers could engage in meaningful discussions on issues influencing business performance.
She noted that the initiative has evolved over the past five years, with the bank continuing to develop the platform to provide greater value to its customers through relevant insights and diverse perspectives.
The Kandy event also provided an opportunity for Trail Sri Lanka to raise awareness about the Karapitiya Cancer Hospital Project, an initiative led by former Sri Lankan cricket captain Mahela Jayawardena. The presentation introduced the project to members of the business community and encouraged greater awareness and support for the national initiative.
Nations Trust Bank continues to serve customers across its Consumer, Commercial and Corporate Banking segments through a combination of physical branches and digital banking channels.
The bank also remains the issuer and sole acquirer of American Express Cards in Sri Lanka and maintains a focus on premium banking and digital financial services.
Through Nations Business Advisory, the bank is seeking to extend its role beyond conventional financial services by creating opportunities for business communities to share knowledge, discuss economic developments and build relationships that can support informed business decisions.
24.09.2026
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Binance Opens bStocks Margin Collateral to All Eligible Users
- What’s new: bStocks collateral support available to all eligible users, including non-VIP
- What users can do: Maintain tokenized stock exposure while using those same assets as collateral for futures and margin trading
- Strong early adoption: bStocks surpassed $30 billion in cumulative trading volume in less than 90 days following their June 2026 launch.
Binance recently announced it is expanding access to bStocks collateral functionality, enabling all eligible users to use supported tokenized stock assets as collateral for futures and margin trading, subject to applicable haircuts, collateral ratios, account requirements and applicable regulatory guardrails.
Previously available to VIP 3 and above users, bStocks collateral support now extends to all eligible users, including non-VIP users. Supported bStocks can be used as collateral for eligible margin and futures trading across Cross Margin and Portfolio Margin accounts. The expansion gives users several new ways to deploy tokenized stock holdings:
- Leveraged acquisition: Users may borrow quote assets to purchase bStocks in Cross Margin account or Portfolio Margin account, amplifying market exposure with up to 5× leverage.
- Stock conversion: Existing stockholders can convert their stocks to bStocks, expanding utility within the crypto ecosystem while remaining eligible for dividend distributions.
- Dual-use collateral and hedging: In a Portfolio Margin account, bStocks can serve simultaneously as collateral and as the hedge for futures short positions. A user holding Tesla bStock, for example, can borrow USDT against it while opening a TSLAUSDT futures short to hedge downside risk — all without posting additional collateral.
As tokenized assets evolve, their utility is defined not only by what users can trade on an always-on 24/7 basis, but by how those assets can be deployed across collateral, margin, liquidity, and risk management workflows.
“The powerful use case is that users do not need to think about tokenized equities and crypto positions as separate portfolios,” said Shunyet Jan, Head of Exchange and Trading at Binance. “They can maintain continuous exposure to a sector or ETF-linked bStocks while using those same assets as collateral to manage risk or pursue tactical opportunities. That is where tokenization starts to become truly useful.”
bStocks surpassed $30 billion in cumulative trading volume in less than 90 days following their June 2026 launch, reflecting strong demand for tokenized traditional market-linked assets.
To help protect users, Binance has introduced additional risk controls for VIP 0–2 accounts holding bStocks as collateral. Accounts that exceed certain risk thresholds may be subject to restrictions, which are automatically lifted once the account returns to a safe risk level. VIP 3 and above users are exempt.
bStocks used as collateral will be subject to applicable valuation haircuts, margin requirements, liquidation rules, asset eligibility limits, and market risk controls.
21.09.2026
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When Passion Meets Performance: Team CDB dominates the 41st Mercantile Athletics Federation Meet
In a dominant show of talent, teamwork and discipline, Citizens Development Business Finance PLC delivered a commanding performance at the 41st Mercantile Athletic Federation (MAF) Meet held from the 21st to 23rd August at the Mahinda Rajapaksa International Stadium, Diyagama. CDB clinched the Men's and Women's Overall Championship titles and the Men's Overall Novices Championship, showcasing a clean sweep across categories that underscored the strength and depth of CDB's sporting talent.
In one of the most keenly contested fixtures in Sri Lanka's corporate sporting calendar, CDB's athletes took full command from the first day of the meet, with the team's novices and seniors setting the pace across a demanding field of competitors from the country's leading mercantile organisations.
CDB's individual stars were equally decisive. Members of the team established four meet records – Race Walk Men’s Novices: Kandhasami Sham, Women’s 30+ Triple Jump: Bhakthi Wijesinghe, Men’s Championship High Jump: Kamod de Silva and Women’s Championships 400 meters Hurdles: Umaya Rathnayake. Shakila Wijesekara was named Best Athlete – Novices Men, while Umaya Rathnayake claimed a rare double, being named both Best Athlete – Championship Women and Best Athlete – Women. Team CDB rounded off the meet in fourth place overall, capping a campaign that reflected months of disciplined training and preparation — training that CDB's athletes balanced alongside their day-to-day roles across the organisation.
That balance is central to what the win represents for CDB. Behind every medal is an employee who spent early mornings and weekends training, while continuing to meet their professional commitments — a reflection of the culture CDB has built around encouraging its people to pursue what they are passionate about, without having to compromise on their contribution to the company's growth and success.
"This result is a proud moment for CDB," says Executive Director – Corporate Finance Roshan Abeygoonewardena. "Our athletes trained with real discipline and heart over the past several months, balancing that commitment with their day jobs, and to see it translate into a clean sweep of the Men's and Women's Championship titles is a testament to who they are as individuals and as professionals." Going beyond the medals, he credited the wider effort that went into the win. "We must also congratulate the coaches and support team who worked just as hard behind the scenes because at CDB, we believe that the same values that drive success on the track — discipline, resilience and teamwork — are what drive success in our business every day. We're incredibly proud of the multi-talented youth who encompass Team CDB."
CDB's continued investment in workplace sports reflects the same culture of discipline, excellence and team spirit that underpins the CDB brand more broadly. It is part of a deliberate effort to create an environment where employees can grow both personally and professionally — one that recognises that a well-rounded, motivated workforce is built by encouraging people to maintain a healthy balance between their corporate lives and personal interests, not in spite of it. This continued success at the MAF Meet reaffirms CDB's identity as an employer that nurtures talent both on and off the job, and reinforces the company's growing reputation as a serious contender on the corporate sporting stage.
21.09.2026
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Commercial Bank crowned Sri Lanka’s Best Bank and Best ESG Bank by Euromoney
Dual recognition underscores how ESG principles drive leadership in financial performance, sustainability and inclusive growth
Reaffirming its undisputed leadership in Sri Lanka’s banking landscape, the Commercial Bank of Ceylon has secured two of the most coveted accolades at the Euromoney Awards for Excellence 2026, winning the titles of ‘Best Bank in Sri Lanka’ and ‘Best ESG Bank in Sri Lanka’ in a dual triumph directly rooted in its deeply embedded Environmental, Social, and Governance (ESG) principles.
In conferring the title of Best Bank in Sri Lanka, Euromoney highlighted Commercial Bank’s ability to combine scale, profitability and system-wide impact in a year of economic recovery, proving that purpose-driven ESG commitments actively power financial excellence. Euromoney noted the Bank’s industry-leading financial performance in 2025 with profit before tax exceeding Rs. 89.38 billion and total assets reaching Rs. 3.26 trillion. The Bank also maintained strong capital and funding positions, alongside a robust return on equity of 19.5% and one of the lowest cost-to-income ratios in the market.
Justifying this recognition, the Bank demonstrated exceptional growth and market leadership, with loans surpassing Rs. 2.028 trillion and total assets expanding by 16.8%. It also became the first Sri Lankan bank to exceed US$ 1 billion in market capitalisation as ESG-focused operations continued to reinforce investor confidence. Digital innovation remained a key driver, with the introduction of Sri Lanka’s first Google Pay service and AI-powered SME credit underwriting, alongside international expansion through a representative office in Dubai’s DIFC. The Bank’s leadership in SME financing, asset quality and operational efficiency further solidified the success of its ESG-first strategy.
The award for Best ESG Bank in Sri Lanka complements this top honor by recognising Commercial Bank’s comprehensive and deeply embedded approach to sustainable and responsible banking. Euromoney acknowledged the Bank’s leadership in green finance, including the issuance of a Rs. 15 billion Green Bond, the largest in Sri Lanka, to fund renewable energy, green buildings and sustainable transport projects.
The Bank’s ESG credentials and overall institutional strength are further reinforced by its strong focus on financial inclusion, SME development and rural outreach. It accounts for 20% of market share in SME lending and has disbursed over Rs. 335 billion to the sector in 2025. Initiatives such as agency banking, ‘Bank on Wheels’ mobile services and targeted microfinance and agriculture lending initiatives like the ‘Dirishakthi Value Chain’ programme have expanded access to formal financial services across underserved communities.
The Bank has also placed strong emphasis on women’s empowerment and inclusive banking, offering specialised products under its ‘Anagi’ brand and supporting thousands of women through financial literacy, skills development and health programmes. These efforts are complemented by significant investments in CSR, environmental conservation and community development, with initiatives spanning education, healthcare, climate action and disaster relief. Notably, the Bank’s “Trees for Tomorrow” reforestation project planted over 12,500 trees in 2025.
Established over three decades ago, the Euromoney Awards for Excellence are widely regarded as the definitive benchmark of achievement in the global banking industry, recognising institutions that demonstrate leadership in innovation, performance and strategic vision.
Commercial Bank was the first Sri Lankan bank to achieve a market capitalisation exceeding US$ 1 billion. The Bank emerged as the No. 1 ranked Sri Lankan bank in the 2026 edition of the prestigious Top 1000 World Banks ranking published by The Banker magazine, UK. The Bank has the highest capital base among all Sri Lankan banks, and is one of the largest private sector lenders in Sri Lanka. Ranked No. 1 in the Business Today Top 40, Commercial Bank is recognised as the most respected and most-awarded bank in Sri Lanka, is a leader in digital innovation and is the country’s first 100% carbon-neutral bank.
Commercial Bank operates more than 270 strategically-located branches and an extensive network of automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 21 branches in Bangladesh, a majority stake in a fully-fledged Tier I Bank in the Maldives, a microfinance company in Myanmar, and a representative office in the Dubai International Financial Centre (DIFC). The Bank’s fully-owned subsidiaries, CBC Finance PLC and Commercial Insurance Brokers (Pvt) Limited, also deliver a range of financial services via their own branch networks.
18.09.2026
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SDB bank Marks 29 Years of Empowering People and Communities Towards a Sustainable Future
SDB bank recently marked its 29th Anniversary, celebrating nearly three decades of empowering people and contributing to inclusive economic and community development across Sri Lanka.
Celebrated under the theme “29 Years of Empowering Thousands of Hands for One Sustainable Future,” the milestone recognised the individual customers, entrepreneurs, SMEs, cooperatives, employees and communities who have contributed to the Bank’s journey and its efforts to create financial opportunities, strengthen livelihoods and support sustainable progress.
The anniversary celebrations commenced with multi-religious observances that brought together employees and stakeholders for a moment of reflection and gratitude, while recognising Sri Lanka’s diverse communities.
SDB bank also honoured employees who had completed 25 years of service through a special appreciation ceremony, which included the presentation of gold coins in recognition of their longstanding dedication and contribution to the Bank.
Extending the celebrations beyond the organisation, SDB bank’s Welfare Society is scheduled to conduct a blood donation programme in September, encouraging employees and other participants to contribute towards an important national need.
Branches across Sri Lanka also commemorated the milestone through branch-level celebrations, creating opportunities for employees to engage with customers and local communities.
Further strengthening the anniversary’s sustainability focus, SDB bank is initiated a beekeeping entrepreneur development project in Badulla aimed at generating sustainable livelihoods and encouraging environmentally responsible income opportunities within local communities.
Commenting on the milestone, Manoj Akmeemana, Acting CEO of SDB bank, said, “Our 29th Anniversary was a celebration of the people who have built this journey with us. As we look ahead, our focus remains on creating opportunities that empower people, strengthen communities and contribute to a more inclusive and sustainable Sri Lanka.”
As SDB bank celebrates its 29th year, it remains committed to creating meaningful economic opportunities and advancing sustainable development through the collective efforts of its employees, customers, entrepreneurs, partners and communities.
15.09.2026
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DFCC Aloka Inspires Future Leaders at Avenza Educational Summit
DFCC Bank, through its women-focused banking proposition DFCC Aloka, supported Avenza, an exclusive professional educational summit designed to inspire students awaiting state university admission and help them prepare for the next stage of their academic and professional journeys.
The summit, organised by renowned ICT educator Mr. Bhanuka Ekanayake, brought together 350 students for a programme focused on learning, personal development, leadership, innovation, and opportunity. DFCC Aloka’s participation added a professional and leadership perspective to the forum, encouraging students to think beyond academic achievement and prepare for the wider demands of the future workplace.
Mrs. Shera Hassen, Vice President - Head of Pinnacle & Aloka Proposition at DFCC Bank, was invited as a distinguished guest speaker at the summit. In her session, she shared practical insights on leadership, embracing opportunity, continuous learning, and building the confidence needed to navigate academic and career transitions.
The engagement reflects DFCC Bank’s broader focus on supporting growth-oriented communities by contributing to knowledge-sharing platforms that benefit future generations. At a time when young people are entering higher education and preparing for careers in a rapidly changing economy, exposure to industry perspectives can help them make more informed choices and develop a stronger sense of direction.
Speaking at the event, Shera Hassen said, “Students awaiting university admission are at an important point in their lives. The choices they make, the habits they build, and the opportunities they choose to pursue can shape the way they contribute to society and the economy in the years ahead. Platforms such as Avenza give young people the space to think boldly, learn from different perspectives, and prepare themselves with confidence. Through DFCC Aloka, we are pleased to support initiatives that encourage leadership, ambition, and lifelong learning.”
The session was well received by participants, who engaged actively with the themes discussed. The programme offered students an opportunity to gain practical guidance from professionals and educators while reflecting on the skills and mindset required for personal and professional success.
DFCC Bank’s support for Avenza strengthens its role as a financial institution that contributes not only through banking solutions, but also through initiatives that promote knowledge, confidence, and long-term development. As Sri Lanka’s development finance pioneer, DFCC Bank continues to engage with communities and emerging talent in ways that support individual progress and national growth.
15.08.2026
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First Capital Recognised as Great Workplace for Young Talent in Sri Lanka
By Vipula Amarasinghe
Chamara Pussella, Head of Human Resources at First Capital Holdings PLC, Amaya Gunasekara, Assistant Vice President – Brand and Partnerships, First Capital Holdings PLC
First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a longstanding player in Sri Lanka’s capital markets, has been recognised among Sri Lanka’s Great Workplaces for Young Talent 2026 by Great Place To Work® Sri Lanka.
The recognition highlights First Capital’s efforts to build a workplace that enables young professionals to develop their skills, take on greater responsibilities and contribute to the company’s growth.
The award is based on the Great Place To Work® For All™ model, which assesses employee experience and organisational culture through the Trust Index™ Employee Experience Survey and Culture Audit™. The Trust Index™ examines areas including trust, pride and camaraderie, while the Culture Audit™ evaluates workplace practices designed to support a positive employee experience.
The 2026 assessment covered organisations evaluated between June 2025 and May 2026. To qualify, organisations must be registered in Sri Lanka, employ more than 20 people aged 35 or below representing at least 10% of their workforce, meet the requirements for Great Place To Work Certified™ status and demonstrate people practices aligned with the Great Place To Work® For All™ framework.
For First Capital, the recognition reflects its focus on creating opportunities for young employees to learn, take ownership and build long-term careers within the organisation. The company said its approach includes learning and development opportunities, collaboration and practices aimed at empowering employees to contribute meaningfully.
Chamara Pussella, Head of Human Resources at First Capital Holdings PLC, said the recognition reinforces the company’s commitment to providing an environment where young professionals can learn, contribute and progress.
He noted that First Capital places emphasis on development opportunities, collaboration and creating a culture in which employees feel respected and empowered to take responsibility for their professional growth.
Amaya Gunasekara, Assistant Vice President – Brand and Partnerships at First Capital Holdings PLC, said the organisation provides young employees with opportunities to continuously learn, take on new challenges and contribute to meaningful work.
She highlighted an environment where ideas are encouraged and collaboration is supported, saying the recognition reflects the workplace experience of young professionals at First Capital.
The latest recognition adds to First Capital’s focus on strengthening its people and organisational culture as it continues to expand its presence in Sri Lanka’s financial and capital markets sector.
The company said it will continue investing in its people practices with the aim of ensuring young talent has the opportunities and support needed to build rewarding careers and play a role in shaping the organisation’s future.
07.09.2026
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DFCC Garusaru Expands Long-Term Financing for Pensioners with Loans of up to Rs. 12 Million
Repayment periods of up to 15 years provide eligible pensioners with greater flexibility
Eligible pensioners can now access financing from Rs. 100,000 to Rs. 12 million through the DFCC Garusaru Pension Loan, with repayment periods of up to 15 years and a choice of fixed or variable interest rates.
The facility can be used for significant expenses that may arise during retirement, including medical needs, home improvements and other personal requirements. The longer repayment period can make monthly instalments more manageable, while the fixed-rate option gives customers greater certainty when planning their household budgets.
Commenting on the proposition, Asitha Pinnaduwa, Vice President and Head of Products and Propositions at DFCC Bank, said, “Retirement income may be predictable, but significant expenses do not always arrive in manageable amounts. We structured Garusaru to recognise both realities. The higher loan limit allows eligible pensioners to address larger needs, while the longer repayment period and fixed-rate option make their monthly commitments easier to plan.”
The loan is available to government pensioners, widows and widowers receiving state pensions, pensioners of the Central Bank of Sri Lanka and the Ceylon Electricity Board, and eligible ex-military personnel. Applicants must be below 74 years of age when applying, and the loan must be fully repaid before they reach 75. Monthly instalments may not exceed 60% of the applicant’s net monthly pension.
28.08.2026
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ComBank showcases global first in digital banking architecture with Axonect at DTW Ignite 2026
Mr Sumudu Gunawardhana, Chief Information Officer at Commercial Bank makes his presentation at DTW Ignite 2026.
The Commercial Bank of Ceylon has taken centre stage at a leading global technology forum in Copenhagen, becoming part of a groundbreaking industry-first that demonstrates how cutting-edge telecom architecture can transform modern banking.
At TM Forum’s ‘DTW Ignite 2026,’ a premier global platform that brings together communications service providers, technology partners and digital ecosystem leaders, Commercial Bank joined Axonect, formerly Axiata Digital Labs, to showcase the first successful deployment of the Open Digital Architecture (ODA) in the fintech sector powered by Axonect’s Fabric and API Management platforms.
This landmark deployment at Commercial Bank positions Sri Lanka’s largest private sector bank at the forefront of global banking innovation, demonstrating how banks can modernise complex legacy systems while maintaining the high levels of governance, resilience and regulatory compliance required in financial services.
The presentation at DTW Ignite, delivered by Mr Sumudu Gunawardhana, Commercial Bank’s Chief Information Officer alongside Mr Anthony Rodrigo, CEO of Axonect, illustrated how ODA, originally developed for the telecommunications industry, has been successfully adapted to power a new generation of composable, agile and scalable banking systems.
Mr Gunawardhana explained that the deployment has significantly strengthened the Bank’s core technology ecosystem. He said Axonect’s ODA-aligned platform enables Commercial Bank to operate with the agility and scalability associated with cloud environments, while retaining full control over data governance, security and regulatory compliance, critical requirements for a leading financial institution.
The implementation has already delivered measurable outcomes, including substantial gains in operational efficiency and a sharply reduced cost footprint. It has also enabled several high-impact digital capabilities, including one of the fastest global rollouts of Google Pay, real-time PayPal cross-border remittance clearing, and the operation of a highly resilient, API-driven digital ecosystem with near-perfect system availability, he said.
The architecture supports an extensive network of microservices and active APIs, allowing the Bank to deliver seamless, secure and scalable services across multiple markets, while maintaining strict compliance and security protocols.
Mr Anthony Rodrigo, CEO of Axonect said the initiative demonstrates how the principles of ODA can extend beyond telecommunications to redefine enterprise transformation more broadly. He noted that as artificial intelligence, cloud computing, APIs and data governance increasingly converge, ODA has the potential to serve as a common blueprint for building secure, intelligent and future-ready organisations.
Commenting at the forum, Mr Willie Stegmann, TM Forum’s Executive Vice President – Composable IT & Ecosystems noted that the initiative underscores the growing relevance of open digital architectures beyond telecom. He said the collaboration between Axonect and Commercial Bank highlights how a common, open framework can unlock new opportunities for innovation, enable scalable AI adoption, simplify system integration, and support emerging digital business models across industries.
For Commercial Bank, this milestone marks the beginning of the next phase of its digital evolution. The Bank is now advancing towards what it describes as ‘agentic banking’ – an AI-driven, highly autonomous operating model supported by advanced software delivery systems, governed artificial intelligence, and robust data sovereignty frameworks.
This evolution is expected to further expand the Bank’s ability to participate in open finance ecosystems, deploy AI across a wider range of banking functions, and scale its digital capabilities across new markets and sectors.
Commercial Bank was the first Sri Lankan bank to achieve a market capitalisation exceeding US$ 1 billion. The Bank emerged as the No. 1 ranked Sri Lankan bank in the 2026 edition of the prestigious Top 1000 World Banks ranking published by The Banker magazine, UK. The Bank has the highest capital base among all Sri Lankan banks, and is the largest private sector lender in Sri Lanka. Ranked No. 1 in the Business Today Top 40, Commercial Bank is recognised as the most respected and most-awarded bank in Sri Lanka, is a leader in digital innovation and is the country’s first 100% carbon-neutral bank.
Commercial Bank operates more than 270 strategically-located branches and an extensive network of automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 21 branches in Bangladesh, a majority stake in a fully-fledged Tier I Bank in the Maldives, a microfinance company in Myanmar, and a representative office in the Dubai International Financial Centre (DIFC). The Bank’s fully-owned subsidiaries, CBC Finance PLC and Commercial Insurance Brokers (Pvt) Limited, also deliver a range of financial services via their own branch networks.
28.08.2026
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DFCC Bank Strengthens Core Business as Assets and Deposits Expand in First Half of 2026
By Vipula Amarasinghe
DFCC Bank PLC entered the second half of 2026 with continued growth in lending, deposits and fee-based income, while maintaining a cautious approach to risk amid changing global and domestic economic conditions.
For the six months ended June 30, 2026, the DFCC Group recorded a profit after tax of Rs. 4.1 billion, while the Bank’s core operations generated a profit after tax of Rs. 3.9 billion.
The Group’s loan and deposit portfolios expanded by 9% and 12%, respectively, from the end of December 2025. Total assets increased by 7% to around Rs. 919 billion, while total liabilities grew by 8% to Rs. 811 billion.
Net interest income increased by 6% to Rs. 16.1 billion, supported by balance sheet growth, funding optimisation and disciplined management of interest margins. Net fee and commission income recorded stronger growth, rising 29% to Rs. 4.19 billion.
The Bank said the first half of the year was characterised by heightened global uncertainty, including geopolitical tensions in the Middle East and elevated commodity prices. The Central Bank of Sri Lanka increased the Overnight Policy Rate by 100 basis points to 8.75% in May 2026 in response to inflationary pressures.
Against this backdrop, DFCC revised its lending and deposit rates in line with market conditions while maintaining a focus on liquidity and funding costs.
The Bank’s loan portfolio increased by Rs. 48 billion to Rs. 564 billion during the six months, representing a 9% increase from December 2025. Over the preceding 12 months, the loan portfolio expanded by 20%.
Deposits increased by Rs. 67 billion to Rs. 632 billion, representing 12% growth since December 2025. The CASA ratio stood at 24.99%, while the loan-to-deposit ratio was 97.44%.
DFCC said the use of medium- and long-term concessionary credit lines helped manage funding costs and support lending. Including these term borrowings, the CASA ratio improved to 29.42%, while the loan-to-deposit ratio stood at 91.68%.
Despite the growth in core income, profitability was affected by higher impairment provisions and increased operating costs. Group profit before tax stood at Rs. 5.8 billion, compared with Rs. 8.17 billion in the corresponding period of 2025, while profit after tax declined to Rs. 4.14 billion from Rs. 5.75 billion.
The Bank reported profit before tax of Rs. 5.48 billion and profit after tax of Rs. 3.9 billion from core operations.
DFCC increased impairment charges to Rs. 4.63 billion from Rs. 3.48 billion a year earlier. The Bank said the higher provisioning reflected refinements to its credit risk models and additional management overlays to account for potential risks arising from geopolitical and economic conditions.
At the same time, asset quality improved. The net Stage 3 impaired loan ratio declined to 3.61% at June 30, 2026, from 4.55% at the end of 2025.
Operating expenses increased to Rs. 10.97 billion from Rs. 8.33 billion, reflecting investments in technology, digital transformation, information security, marketing and business development, as well as salary revisions and performance-based incentives.
The Bank maintained strong capital and liquidity positions during the period. Its Tier 1 Capital Ratio stood at 11.947%, while the Total Capital Ratio was 15.707%. The Net Stable Funding Ratio stood at 124.43% and the all-currency Liquidity Coverage Ratio was 162.26%, both comfortably above regulatory requirements.
A major development following the reporting period was the completion of DFCC Bank’s acquisition of Standard Chartered Bank PLC’s Wealth and Retail Banking business in Sri Lanka. The transaction became effective on August 1, 2026, bringing approximately 50,000 customer accounts and around 260 employees into the Bank.
The acquisition has expanded DFCC Bank’s network to 139 locations and strengthened its retail and wealth management capabilities. The Bank expects the transaction to broaden its customer franchise and create further opportunities for sustainable growth.
DFCC also continued to strengthen its sustainability and capital market initiatives. Its pioneering Blue Bond secured supplementary listings on the Luxembourg Stock Exchange’s Luxembourg Green Exchange and India INX at GIFT City, while also receiving recognition at the Environmental Finance Sustainable Debt Awards 2026.
The Bank also received a Gold Award for Financial Inclusivity and a Merit Award for Customer Convenience at the LankaPay Technovation Awards 2026.
DFCC said its community initiatives continued during the first half through programmes including Ride for Life and Ride for Her, focusing on mental wellbeing and women’s empowerment, alongside its biodiversity conservation initiative, Ride for the Rosette.
As DFCC Bank moves into the second half of 2026, the institution is focusing on integrating its expanded retail and wealth management franchise, maintaining asset quality, strengthening sustainable income streams and improving customer experience.
The first-half performance reflects a balance between continued expansion and a more conservative approach to risk, as DFCC seeks to build scale while maintaining financial resilience in a changing economic environment.
14.08.2026
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First Capital Reports Rs. 726 Million Loss Amid Challenging Capital Market Conditions
By Vipula Amarasinghe
First Capital Holdings PLC reported a loss after tax of Rs. 726 million for the first quarter of financial year 2026/27, as volatility in global markets and sharp movements in interest rates weighed on fixed income trading activities.
The result for the quarter ended June 30, 2026, compares with a profit after tax of Rs. 2.15 billion recorded during the corresponding quarter of the previous financial year.
First Capital said the quarter was marked by heightened global economic uncertainty and geopolitical tensions, particularly developments surrounding the conflict in the Middle East. These conditions were compounded by a 100-basis-point increase in the Central Bank of Sri Lanka’s policy rate during the quarter in response to inflationary pressures.
As a result, trading opportunities in the fixed income market were significantly constrained, while adverse mark-to-market movements affected trading portfolios.
The Group recorded a net trading loss before operating expenses of Rs. 565 million during the quarter, compared with net trading income of Rs. 3.43 billion in the same quarter of 2025/26.
The Primary Dealer division was the main contributor to the decline, recording a loss after tax of Rs. 741 million compared with a profit of Rs. 1.55 billion in the corresponding quarter last year.
The division generated net interest income of Rs. 351 million, while government securities recorded a trading loss of Rs. 1.80 billion. This compares with net interest income of Rs. 503 million and trading gains of Rs. 2.06 billion from government securities during the first quarter of the previous financial year.
Despite the difficult conditions in fixed income markets, First Capital’s diversified business platform continued to generate profits.
The Corporate Finance Advisory and Corporate Dealing Securities divisions together recorded profit after tax of Rs. 22 million, compared with Rs. 587 million a year earlier.
The Wealth Management division recorded profit after tax of Rs. 6 million. Its Assets Under Management remained substantial at Rs. 93.3 billion as at June 30, 2026, compared with Rs. 96.2 billion at the end of March.
The Stock Brokering division contributed Rs. 24 million in profit after tax, compared with Rs. 32 million during the corresponding quarter of 2025/26.
First Capital Holdings Chairman Rajendra Theagarajah said the company’s diversified presence across the capital markets had strengthened its ability to navigate different market cycles.
He said the challenging quarter for fixed income markets had highlighted the value of the Group’s broader platform, with advisory, dealing, wealth management and securities businesses continuing to make positive contributions.
Managing Director and CEO Dilshan Wirasekara said the results demonstrated the importance of maintaining a balanced business model in an evolving market environment.
He said that while interest rate movements had affected fixed income trading, the Group’s other core businesses continued to provide positive contributions. First Capital remains focused on strengthening execution, expanding its capabilities and identifying opportunities as market conditions change.
The company also continued its focus on responsible business practices. First Capital Holdings PLC and First Capital Treasuries PLC successfully obtained independent verification of their greenhouse gas emissions for 2025/26 through the Sri Lanka Climate Fund, in accordance with ISO 14064 standards.
First Capital said its established market capabilities, experienced professionals and diversified operations provide a strong foundation for navigating changing market conditions while continuing to strengthen client relationships and contribute to the development of Sri Lanka’s capital markets.
The latest results underscore the sensitivity of fixed income market performance to interest rate and global economic movements, while also highlighting the importance of diversification as First Capital moves through the remainder of financial year 2026/27.
14.08.2026
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Commercial Bank Group Crosses Rs. 3 Trillion Deposit Milestone
By Vipula Amarasinghe
Mr. Sharhan Muhseen, Chairman, and Mr. Sanath Manatunge, Managing Director/CEO of Commercial Bank.
The Commercial Bank of Ceylon Group has surpassed the Rs. 3 trillion mark in deposits, becoming the first private sector banking group in Sri Lanka to reach the milestone, while recording strong growth across its key business segments during the first six months of 2026.
The Group’s deposits increased by Rs. 315.13 billion during the six months ended June 30, 2026, to reach Rs. 3.02 trillion. This represents a 20.33% increase over the preceding 12 months, reflecting continued growth in customer deposits and the Bank’s role in financial intermediation.
Gross loans and advances also expanded significantly, increasing by Rs. 270.43 billion during the first half of the year to Rs. 2.36 trillion. Over the preceding 12 months, the loan portfolio grew by Rs. 624.48 billion, or 36.07%.
Total assets increased by Rs. 361 billion, or 10.68%, from December 2025 to reach Rs. 3.74 trillion at the end of June. Compared with June 2025, the Group’s total assets increased by Rs. 608.16 billion, or 19.42%.
The Group reported gross income of Rs. 209.16 billion for the six months, an increase of 18.28%. Gross income for the second quarter alone rose 24.04% to Rs. 110.16 billion.
Interest income increased by 17.05% to Rs. 171.65 billion, mainly supported by the expansion of the loan portfolio. Net interest income grew by 15.81% to Rs. 79.69 billion.
Total operating income increased by 17.85% to Rs. 109.07 billion, while operating profit before taxes on financial services rose 14.44% to Rs. 63.62 billion.
The Group recorded profit before income tax of Rs. 53.05 billion for the six-month period, an increase of 13.33%. Net profit after tax reached Rs. 35.42 billion, representing growth of 13.66%.
For the second quarter, the Group recorded profit before tax of Rs. 25.42 billion and net profit after tax of Rs. 17.49 billion.
At the same time, Commercial Bank increased impairment provisions to strengthen its financial buffers against potential risks arising from global and geopolitical uncertainties. Impairment charges and other losses increased by 33.44% to Rs. 14.85 billion during the six months. Second-quarter impairment charges rose to Rs. 11.67 billion.
Commercial Bank Chairman Sharhan Muhseen said the resilience of the Group’s core banking operations provided confidence amid continuing global and regional challenges.
He said the Bank continued to refine its projections and strategic responses to changing conditions while remaining focused on its strategic vision and its commitment to creating long-term value for customers, stakeholders and the wider community.
Managing Director and CEO Sanath Manatunge said the Group’s approach of maintaining adequate financial buffers was reflected in the six-month results.
He said the increase in impairment provisioning, particularly during the second quarter, demonstrated the Bank’s emphasis on prudent risk management in response to the volatile global economic environment, while noting that the Bank remained well positioned to support customers.
The Bank’s asset quality indicators also improved during the period. The net Stage 3 loans to total loans ratio declined to 1.38% at June 30, 2026, from 1.54% at the end of 2025. The gross Stage 3 ratio improved to 5.32%, compared with 5.81% at the end of 2025.
The Bank’s Tier 1 Capital Ratio stood at 13.23%, while its Total Capital Ratio was 16.58%, both above the applicable regulatory minimums.
Liquidity remained strong, with the liquidity coverage ratio standing at 444.92% for rupee operations and 253.94% across all currencies. The net stable funding ratio was 162.98%, also comfortably above the regulatory minimum.
Profitability indicators remained positive, with return on equity improving to 20.28% from 19.51% at the end of 2025. Return on assets before tax increased to 2.99%.
The Bank’s cost-to-income ratio excluding taxes on financial services improved to 27.82%, compared with 29.66% in 2025.
Commercial Bank operates more than 270 branches and an extensive network of automated banking machines across Sri Lanka. Its international operations include 21 branches in Bangladesh, a majority stake in a fully-fledged Tier I bank in the Maldives, a microfinance company in Myanmar and a representative office at the Dubai International Financial Centre.
The latest results underline the continued expansion of Commercial Bank’s balance sheet and customer base, while the Rs. 3 trillion deposit milestone marks a significant development in the Bank’s growth and its contribution to Sri Lanka’s private sector banking industry.
14.08.2026
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Nations Trust Bank Reports LKR 15.6 Billion Profit in First Half of 2026 After HSBC Retail Banking Acquisition
Nations Trust Bank PLC (NTB) has reported a Profit After Tax (PAT) of LKR 15.6 billion for the six months ended June 30, 2026, marking a 77% year-on-year increase as the Bank began benefiting from the strategic acquisition of HSBC Sri Lanka’s retail banking business.
The Bank recorded Profit Before Tax (PBT) of LKR 18.4 billion, representing a 7% increase compared with the corresponding period of the previous year. The performance gained significant momentum during the second quarter following the commencement of operations under the acquired HSBC retail banking portfolio on May 1, 2026.
NTB’s loan portfolio expanded by 26% year-on-year to LKR 112 billion, reflecting stronger business activity and an enlarged customer base following the acquisition. Overall asset growth also reached 26% during the first half of the year.
The Bank said its first-half results were supported by healthy balance sheet growth, stable net interest margins and disciplined risk management. Net Interest Margin (NIM) stood at 5.58%, while the Net Stage 3 Ratio remained at a comparatively low 1.05%, highlighting the Bank’s continued focus on credit quality.
Return on Equity (ROE) increased to 31.33%, reflecting the stronger earnings momentum and expanded scale of operations.
The Bank also reported a Tier I Capital Ratio of 12.76% and a Total Capital Adequacy Ratio of 16.41%, maintaining capital levels that support its ongoing expansion and business growth.
The acquisition of HSBC Sri Lanka’s retail banking business in May has strengthened NTB’s position in the country’s premium retail banking and credit card segments. The transaction has expanded the Bank’s customer base while creating additional opportunities across consumer, commercial and corporate banking.
Nations Trust Bank Director and Chief Executive Officer Hemantha Gunetilleke said the first-half results reflected the benefits of a larger customer base, a stronger balance sheet and new avenues for growth.
He described the HSBC retail banking acquisition as a strategic milestone in NTB’s growth journey, adding that the transaction would continue to contribute to the Bank’s performance while allowing it to maintain its focus on customers across its consumer, commercial and corporate businesses.
NTB said its performance was also supported by continued investments in service excellence, digital transformation and disciplined risk management. The Bank is focused on expanding its banking services through a combination of physical branches and digital platforms.
With the integration of the HSBC retail banking portfolio, NTB has further strengthened its presence in premium banking and remains the issuer and sole acquirer of American Express Cards in Sri Lanka.
The Bank said it will continue to focus on innovative banking solutions and advanced digital capabilities as it seeks to create further value for customers and sustain its growth momentum in the second half of 2026.
14.08.2026
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Siyapatha Finance Completes Annual Sri Pada Cleanup, Removes Nearly One Tonne of Plastic Waste
By R.S.Kanthi
Siyapatha Finance PLC has successfully concluded its annual Sri Pada Cleaning Project, removing nearly one tonne of polythene and plastic waste from the sacred pilgrimage site as part of the company’s environmental conservation efforts.
The 2026 Sri Pada Cleaning Project was conducted in conjunction with Siyapatha Finance’s 21st anniversary and World Environment Day celebrations, bringing together more than 50 employees, including the company’s Chief Executive Officer and senior management.
This year’s initiative focused on both corrective and preventive measures, combining the physical removal of accumulated waste with efforts to raise awareness among pilgrims and visitors about responsible waste management.
The project encouraged visitors to play a more active role in protecting the sacred environment by disposing of waste properly and helping preserve Sri Pada’s unique ecological and cultural heritage.
The initiative was carried out under the guidance of the Chief Incumbent of Sri Pada, Most Venerable Bengamuwe Dhammadinna Thera, with the support of the Maskeliya Pradeshiya Sabha Chairman, the Department of Wildlife Conservation and the Nallathanniya Police.
Sri Pada, one of Sri Lanka’s most important natural and cultural landmarks, is located within the Peak Wilderness Sanctuary, the country’s third-largest peak wilderness sanctuary. The area supports approximately eight percent of Sri Lanka’s indigenous flora and fauna and provides habitat for a significant number of endangered species.
The sanctuary encompasses three major ecological zones—lowland rainforest, sub-montane rainforest and cloud forest—reflecting the changes in altitude across the region. It is also an important source of headwaters, including those feeding three of Sri Lanka’s major rivers—the Kelani, Kalu and Walawe.
Declared a Wildlife Nature Reserve in 1940 and recognised as a UNESCO World Heritage Site in 2010, Sri Pada is valued for its biodiversity, wilderness, historical importance and cultural significance.
At the same time, the site faces growing environmental pressure due to the increasing number of pilgrims and visitors each year. The accumulation of plastic and polythene waste has emerged as a particular concern, threatening the sensitive ecosystem surrounding the sacred mountain.
Siyapatha Finance CEO Mathisha Hewavitharana said the company recognised early in its development that long-term business success is closely linked to environmental sustainability.
He emphasised the importance of collaboration and community participation in creating a positive impact, while expressing appreciation to all those who contributed their time and effort to this year’s initiative.
The Sri Pada Cleaning Project was launched in 2024 under Siyapatha Finance’s “Siyapathen Mihikathata Green Initiative”, which forms part of the company’s wider corporate social responsibility strategy focused on environmental conservation and preservation.
The annual project has since become a key event in the company’s CSR calendar, bringing together employees, government authorities and local stakeholders to protect one of Sri Lanka’s most significant natural, cultural and religious sites.
Through the continuation of the initiative, Siyapatha Finance aims to encourage greater public responsibility towards waste management while contributing to the long-term protection of Sri Pada’s fragile ecosystem and heritage.
13.08.2026
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CDB Monthly Medal at RCGC in its third consecutive year
By Vipula Amarasinghe
Citizens Development Business Finance PLC (CDB) continues its strong partnership with the Royal Colombo Golf Club (RCGC) with the September edition of the CDB Monthly Medal announced at a media conference held on 5 August 2026 at the Royal Colombo Golf Club. This year's edition coincides with the launch of CDB Private Wealth, the Company's new proposition for high-net-worth individuals and business leaders.
Now in its third consecutive year, CDB's partnership with the Monthly Medal has grown beyond a golfing fixture, providing a platform for RCGC members to engage in a setting that reflects CDB's broader focus on building lasting relationships within Sri Lanka's business and professional community. The launchpad of the September Medal is the ideal platform to launch CDB Private Wealth, as it offers direct access to the Company's affluent client base in a relevant, engaged setting.
The CDB Monthly Medal – September Edition will be held on 11 and 12 September 2026, open to RCGC members across the Men's and Women's categories. Alongside the tournament, the event will include networking and hospitality components, giving CDB the opportunity to introduce Private Wealth to members directly, in addition to its continued sponsorship of the fixture.
Speaking at the media conference, MD/CEO of CDB Mahesh Nanayakkara said: "Our continued partnership with the Monthly Medal is about far more than sport. It is a platform that lets us engage meaningfully with a community that values excellence, discipline and relationships – the very same values that define CDB Private Wealth. Launching this proposition alongside our third year with RCGC reflects our commitment to building genuine, lasting connections with Sri Lanka's business community, on and off the course."
Captain of the Royal Colombo Golf Club Mahela Jayawardena added: "With CDB joining the RCGC as title partner for the third consecutive year, the steadfast support given by CDB has elevated the Monthly Medal into one of the most anticipated fixtures in the Club's calendar. Beyond the game itself, this partnership brings our members together in a spirit of community, and we are pleased to see it grow into a platform for wider engagement, as with the introduction of CDB Private Wealth this year."
07.08.2026
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DFCC Bank Completes Acquisition of Standard Chartered Sri Lanka’s Wealth and Retail Banking Business
DFCC Bank PLC announced that it has completed its acquisition of Standard Chartered Bank Sri Lanka’s Wealth and Retail Banking business. Approximately 50,000 customers, together with colleagues from the business, have now joined DFCC Bank.
The transaction includes customer relationships across Priority Banking, credit cards, retail lending, deposits, wealth management and small and medium enterprise (SME) portfolios, together with selected operating assets. It strengthens DFCC Bank’s retail, wealth management and SME capabilities while expanding the scale and reach of these businesses.
For customers, the transition has been planned around continuity. Months of detailed preparation and close collaboration across both organisations have enabled customers to retain many of the banking arrangements, relationships and services they use every day. Their existing Standard Chartered account numbers remain usable alongside their new DFCC Bank account numbers, while their existing credit and debit cards, card PINs, standing instructions, direct debits and recurring payment arrangements continue as before.
Saved payees and beneficiaries have also been migrated to the Bank’s digital banking platforms, DFCC ONE and DFCC iConnect, removing one of the most common inconveniences associated with changing banks. Customers with existing branch and Relationship Manager arrangements can continue banking through the same branches and with the Relationship Managers they already know and trust.
Customers who have joined DFCC Bank now have access to the Bank’s wider range of personal banking, wealth management, SME, card and lending solutions. They are supported by DFCC Bank’s islandwide network of over 130 branches, access to more than 5,000 ATMs through the LankaPay network, DFCC ONE, DFCC iConnect and dedicated customer service channels. Eligible customers will also have access to DFCC Pinnacle, the Bank’s premium banking proposition.
The acquisition is an important step in DFCC Bank’s long-term strategy to expand its retail and wealth management franchise, strengthen its SME business and broaden its ability to serve customers across Sri Lanka.
Commenting on the completion, Thimal Perera, Chief Executive Officer of DFCC Bank, said, “From the very beginning, our focus has been on making this transition as seamless and familiar as possible for customers. Behind that experience has been an exceptionally complex technology programme, supported by months of detailed planning, close collaboration and an extraordinary effort by teams across both organisations.
“Success meant ensuring that customers experienced as little of that complexity as possible. Their existing Standard Chartered account numbers remain usable alongside their new DFCC Bank account numbers. They can continue using the same credit and debit cards and the same card PINs, while their standing instructions, direct debits, recurring payments, instalment arrangements and other everyday banking arrangements continue as before. We have also transferred their saved payees and beneficiaries to our digital banking platforms, removing one of the most common inconveniences customers face when changing banks. Customers with existing branch and Relationship Manager arrangements can continue banking through the same branches and with the Relationship Managers they already know and trust.
“I extend my sincere appreciation to my colleagues at DFCC Bank and our colleagues at Standard Chartered Bank, the Central Bank of Sri Lanka, our technology and implementation partners, and everyone whose expertise and commitment made this possible. It is an honour to welcome our new customers and colleagues to DFCC Bank. We look forward to earning their trust and supporting them through every stage of their financial lives.”
Bingumal Thewarathanthri, Chief Executive Officer of Standard Chartered Sri Lanka, added, “This transition reflects a strategic decision, in line with Standard Chartered Group’s global strategy, to focus our resources in areas where we have the necessary scale and most distinctive proposition. We are grateful to our clients for the trust they have placed in us over the years, and to our colleagues for their professionalism and commitment throughout this transition. We extend our best wishes to our clients and staff who have moved to DFCC Bank, and wish them every success for the future.”
05.08.2026
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hSenidBiz Begins FY2027 with Strong Growth and Sustained Profitability
Founder and Chairman of hSenidBiz, Dinesh Saparamadu and Chief Executive Officer, Sampath Jayasundara
hSenid Business Solutions PLC (hSenidBiz) announced its financial results for the first quarter of FY2027, delivering strong revenue growth and sustained profitability as the Company continued to execute its SaaS-led growth strategy.
Total revenue for the quarter reached LKR 602.8 million, reflecting year-on-year growth of 28 percent. The Company’s recurring revenue model continued to strengthen during the quarter, with recurring revenues contributing 75 percent of total revenue. Exit Annualised Recurring Revenue (ARR) reached USD 5.7 million, representing a 26 percent increase compared to the corresponding period last year, reinforcing the resilience and predictability of the Company’s revenue base.
The Company recorded a net profit of LKR 51.0 million, a turnaround from the net loss in the same quarter of the previous year. While foreign exchange gains contributed to the profitability, core operating performance remained solid, with EBITDA excluding forex gains reaching LKR 81.4 million. Gross profit rose to LKR 321.8 million, delivering a gross margin of 53 percent. Profit before tax reached LKR 66.1 million with an 11 percent margin, demonstrating the continued operating leverage of the business as it scales.
Commenting on the quarter’s performance, Founder and Chairman of hSenidBiz Dinesh Saparamadu stated, “We are seeing an increasing shift towards AI-enabled workforce transformation. Our investment in product innovation and market expansion positions hSenidBiz to capitalise on these opportunities and deliver long-term value.”
Chief Executive Officer of hSenidBiz, Sampath Jayasundara commented, “Our performance this quarter reflects the disciplined execution of the strategy we have been building over the past few years. We remain focused on strengthening our commercial execution, enhancing the PeoplesHR platform, and delivering solutions that help customers realise greater value from their HR technology investments.”
During the quarter the Company continued to refine its go-to-market approach across focus markets and advanced the Lexi AI platform with the introduction of multi-agent orchestration capabilities. These enhancements support more intelligent cross-module workflows and move the Company further towards its vision of a comprehensive Human Capital Operating System.
Looking ahead, hSenidBiz remains focused on accelerating Cloud ARR growth, expanding its presence in key markets, and investing in AI-driven innovation across the PeoplesHR platform.
Commercial Bank becomes world’s first bank to secure UNFPA CRJB Champion Status
Sets new global example for fostering an inclusive and equitable workplace
Mr Sanath Manatunge, Managing Director/CEO of Commercial Bank, and Mr Phuntsho Wangyel, UNFPA Interim Representative in Sri Lanka and Interim Country Director Maldives, exchange the agreement and (Below) some of the women's wellbeing initiatives of the Bank.
Reflecting its dedicated focus on championing an inclusive and equitable corporate culture, the Commercial Bank of Ceylon has become the first bank in the world to be accorded Champion Status by the United Nations Population Fund’s (UNFPA) Coalition for Reproductive Justice in Business (CRJB).
This global recognition marks a significant milestone in the integration of employee well-being, gender equality and women’s health into mainstream banking practice while highlighting the Bank’s leadership in driving sustainable business growth.
UNFPA, the United Nations agency dedicated to improving reproductive health and rights, advancing gender equality, works with governments, development partners and private sector organisations across the world to drive meaningful social change. Through its Coalition for Reproductive Justice in Business, UNFPA encourages businesses to adopt policies and practices that support reproductive health, gender equality and inclusive workplaces, helping to create healthier and more equitable societies.
Commenting on this global first achieved by the Bank, Mr Sanath Manatunge, Managing Director/CEO of Commercial Bank said: “This recognition is both an honour and a responsibility. Becoming the first bank in the world to achieve UNFPA CRJB Champion Status reflects our deep commitment to building a workplace that genuinely empowers our people at every stage of life. We believe that employee well-being, gender equality and women’s health are not peripheral concerns, but central to sustainable business. By aligning with globally recognised UNFPA standards, we are not only elevating our internal practices but also setting a benchmark for the banking industry to follow. This is about creating lasting impact for our employees, our customers and the communities we serve.”
Commercial Bank’s selection for Champion Status recognises a powerful balance of industry-leading employee wellbeing and high-impact CSR initiatives. Internally, the Bank nurtures the employee by prioritising physical and mental care alongside personal enrichment. This comprehensive approach features annual health check-ups at hospitals, specialised eye and dental camps, and free professional counseling via the Damrivi Foundation, alongside mental health workshops.
Going beyond standard health and wellness initiatives, the Bank places a strong emphasis on progressive workplace benefits, particularly for working mothers. These enhanced maternity benefits include a monthly daycare allowance of Rs. 25,000 for up to one year, daily flexi-hours, adoptive maternity leave, and options for extended unpaid leave. Demonstrating the direct impact of these measures, the Bank achieved an over 90% return-to-work rate among female employees, post-maternity leave, effectively strengthening talent retention and institutional continuity.
Externally, the Bank has transformed community health through specialised medical camps for women micro entrepreneurs, large-scale breast cancer awareness programmes across multiple regions and workplaces, and specialised sessions for women customers, while also supporting national health priorities through partnerships and campaigns. Complementing these efforts, the Bank has made significant contributions to strengthening healthcare infrastructure island-wide, including the donation of life-saving medical equipment to hospitals, support for maternal and critical care facilities, and sustaining emergency response initiatives through its ‘Adopt an Ambulance’ partnership with the 1990 Suwa Seriya program.
As a UNFPA CRJB Champion, Commercial Bank said it will adopt globally recognised standards and performance metrics developed by UNFPA to further strengthen maternal health initiatives, family-friendly workplace practices, reproductive health awareness and menopause wellness.
The Bank will also expand employee awareness programmes, and systematically monitor and report progress through its sustainability reporting framework.
The initiative will be embedded within the Bank’s broader sustainability and employee engagement strategies, ensuring that workplace policies continue to evolve in line with international benchmarks while delivering meaningful impact for employees, the Bank said.
By achieving this status, Commercial Bank establishes a global benchmark for the banking sector in advancing workplace inclusion and reproductive justice, demonstrating how financial institutions can integrate social responsibility into core business strategy.
This recognition further affirms the Bank’s role as a pioneer in responsible banking and corporate sustainability, contributing to the advancement of the United Nations Sustainable Development Goals (SDGs) through a focused emphasis on gender equality, employee well-being and women’s health.
Customers of Commercial Bank also stand to benefit from this commitment, as it reflects the values of an institution that prioritises ethical leadership, inclusivity and long-term sustainability. The initiative complements the Bank’s ‘Anagi’ Women’s Banking proposition by extending its focus beyond financial empowerment to encompass broader dimensions of health, inclusion and well-being.
This latest achievement strengthens Commercial Bank’s standing as a global leader in sustainable and inclusive banking, while encouraging greater participation by the private sector in advancing women’s health and workplace equity.
The first Sri Lankan bank with a market capitalisation exceeding US$ 1 Bn., and the highest ranked bank in the country to be listed among Top 1000 Banks of the World, Commercial Bank has the highest capital base among all Sri Lankan banks, and is the largest private sector lender in Sri Lanka. Ranked No. 1 in the Business Today Top 40, the Bank is recognised as the most respected and most-awarded bank in Sri Lanka, is a leader in digital innovation and is the country’s first 100% carbon-neutral bank.
Commercial Bank operates more than 270 strategically-located branches and an extensive network of automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 21 branches in Bangladesh, a fully-fledged Tier I Bank with a majority stake in the Maldives, a microfinance company in Myanmar, and a representative office in the Dubai International Financial Centre (DIFC). The Bank’s fully-owned subsidiaries, CBC Finance PLC. and Commercial Insurance Brokers (Pvt) Limited, also deliver a range of financial services via their own branch networks.
02.08.2026
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SDB bank Opens Business Centre at Union Place to Expand Corporate and Business Banking Services
SDB bank has strengthened its business banking footprint with the opening of its new Business Centre at 167, Union Place, Colombo 02, a strategic move aimed at expanding its presence within one of Colombo’s most prominent commercial districts. The relocation reflects the Bank’s continued focus on delivering specialised financial solutions, strengthening relationships with corporate clients, and providing greater accessibility to businesses, professionals and high-net-worth customers.
Located in the heart of Colombo’s business hub, the new SDB bank Business Centre has been established to bring the Bank closer to corporate decision-makers, mid-sized and large enterprises, institutional clients and mass affluent individuals. As a purpose-driven organisation, SDB bank envisions the Business Centre as a platform to connect these stakeholders more meaningfully with Sri Lanka’s national development by channelling their investments towards community upliftment, entrepreneurship development and the strengthening of the country’s SME sector. The enhanced location is also expected to support deeper engagement with Sri Lanka’s business community while creating new opportunities to expand the Bank’s corporate and business banking portfolio.
The Business Centre offers a comprehensive suite of tailored banking solutions designed to meet the evolving needs of businesses. These include customised lending and deposit facilities, dedicated relationship management, short-term investment and money market solutions, and exclusive digital banking packages that help businesses manage their financial operations more efficiently. Customers will also benefit from personalised advisory services delivered by experienced banking professionals who understand the unique requirements of each business.
Beyond strengthening corporate banking relationships, the new location enables SDB bank to better serve professionals, mass-affluent customer segments and the growing business community within the surrounding commercial district. The Bank also plans to further enhance customer engagement through dedicated business development initiatives, digital banking adoption and integrated financial solutions that support long-term business growth.
Commenting on the opening, Deputy Chief Executive Officer of SDB bank, Manoj Akmeemana, said, “The opening of the SDB Business Centre at Union Place represents an important step in strengthening our business banking proposition and bringing our expertise closer to Sri Lanka’s corporate community. By combining personalised relationship management, tailored financial solutions and advanced digital capabilities, we are well positioned to support businesses of every scale as they pursue sustainable growth while building long-term banking partnerships founded on trust, accessibility and value. Let this Business Centre stand as a symbol of our ambition, our commitment to excellence and our confidence in the future.”
The opening of the SDB Business Centre reinforces the Bank’s commitment to delivering customer-centric banking solutions while supporting the evolving financial needs of Sri Lanka’s corporate and business sector.
28.07.2026
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Sarvodaya Development Finance Celebrates Excellence at Achievers’ Night 2026
Sarvodaya Development Finance PLC celebrated excellence, dedication and performance at Achievers’ Night 2026, held under the theme “Rise to the Pinnacle.” The event, held on 11 July 2026 at Monarch Imperial, Thalawathugoda, recognized the outstanding achievements of employees, branches and regions during the 2025/26 financial year.
As a financial institution rooted in the values and development philosophy of the Sarvodaya Shramadana Movement, Sarvodaya Development Finance continues to support individuals, entrepreneurs and communities through responsible and inclusive financial solutions. Central to this mission is the contribution of its employees, whose commitment, customer focus and performance continue to strengthen the organization’s presence across Sri Lanka.
The event was attended by Sarvodaya Development Finance Chairman Channa de Silva, Chief Executive Officer Nilantha Jayanetti, members of the Board of Directors, senior management and employees representing the organization’s island wide branch network.
Achievers’ Night 2026 commenced with the welcome address by Chief Executive Officer Nilantha Jayanetti, followed by the keynote address delivered by Chairman Channa de Silva.
Commenting on the occasion, Nilantha Jayanetti said, “The achievements recognized at Achievers’ Night 2026 reflect the determination, discipline and commitment demonstrated by our employees throughout the past financial year. Their contribution has played an important role in strengthening our business performance, serving our customers and advancing our wider purpose of supporting communities across Sri Lanka. As we continue to grow, we remain committed to recognizing talent, encouraging excellence and creating opportunities for our people to reach even greater heights.”
The event focused on recognizing individuals and teams who had consistently exceeded expectations, strengthened customer relationships and contributed to the organization’s operational and business growth.
A total of 75 employees received cash awards in recognition of their performance. From among these award recipients, 29 top performers were selected to receive overseas tour awards in recognition of their exceptional achievements.
Awards were presented across 10 major categories, including Best Customer Relationship Officer, Best Monetary Transaction Officer, Best Performer – Supportive Department, Best Recovery Officer, Best Regional Recovery Officer, Best Deposit Mobiliser, Best Gold Loan Officer, Best Business Development Officer, Best Branch and Best Region.
Five Upcoming Branches were also recognized for demonstrating strong potential, improving performance and contributing to the continued expansion of the organization.
Achievers’ Night 2026 served as a celebration of what can be achieved through commitment, collaboration and a shared determination to excel. As Sarvodaya Development Finance continues its growth journey, it remains focused on developing its people, delivering responsible financial services and creating meaningful value for customers and communities across Sri Lanka.
27.07.2026
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