KNOWLEDGE HUB

Tuesday, November 3 2026

Tuesday, November 3 2026

Sri Lanka's Seylan Bank September Net up 6.2-Pct

Published Monday, 2nd November 2026 8:09 PM

monetabrief_story_image
MONETABRIEF – Profits of Sri Lanka's Seylan Bank group rose 6.95 percent to 3.06 billion rupees in the September 2026 quarter helped by higher net fee income and a reversal of provision.

Seylan Bank reported earnings of 4.82 rupees per share for the quarter. In the nine months to September the bank reported earnings of 14.30 rupees per share on total profits of 9,090 million rupees, which grew 9.13 percent.

Fee and commission income grew 13.86 percent to 2,459 million rupees.

Loans and advances grew 14.5 percent to 688.9 billion rupees by end September from 599.8 billion rupees.

Loan loss provisions of 965 million rupees were reversed against a charge of 226 million last year.

Debt instruments grew 9.7 percent to 132 billion rupees in the nine months.

Deposits grew 10.6 percent to 810 billion rupees.

Net assets grew 5.7 to 90.1 billion rupees.

Gross assets grew 10.3 percent to 922 billion rupees. (Colombo/Nov02/2026)

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