Company filings and market news from across Sri Lanka's stock market.
National Development Bank PLC launched the NDB Aachara Loan Scheme for pensioners, offering up to Rs. 4.5 million with up to 15-year repayment (max borrower age 75), no collateral required and life insurance that settles the loan on the borrower's death.
NDB.N0000 sponsored the NDB-MCA 'C' Division 50-Over League Tournament 2024 finals, where Nawaloka defeated LOLC 265/8 to claim the NDB Trophy. NDB presented individual honours, including Man of the Match/Tournament, citing the sponsorship as support for corporate sport and community development.
NDB Bank will bring Santa to children's homes from 1 Oct–31 Dec 2024 for parents who deposit Rs.50,000 or more into an NDB Shilpa Children’s Savings Account. The account offers double interest rates, a gift scheme with doorstep delivery, free hospitalisation and life cover, and academic bonuses.
Colombo Stock Exchange fell as the ASPI dropped 0.39% to 12,246 and the S&P SL20 fell 0.71% to 3,614, with banks (C T Holdings, HNB, Commercial Bank, Sampath, NDB) weighing on the index. Turnover was Rs1.4bn and there was a net foreign inflow of Rs153mn; Sri Lanka Telecom and Hayleys Fabric were among gainers.
The Clearing Association of Bankers held its 12th AGM on 4 October at HNB Towers; Sampath Bank’s Nalin Liyanage was elected CAB President for 2024/2025. Representatives from multiple commercial banks attended and Prompt Xpress served as the platinum sponsor.
National Development Bank PLC's NDB WriztPay won the Excellence in Innovation — Payments award at the Global Banking and Finance Awards 2024 in the UK. NDB WriztPay, Sri Lanka’s first wearable payment solution powered by VISA, highlights the bank’s digital-first strategy.
National Development Bank PLC's NDB WriztPay won the Excellence in Innovation—Payments award at the Global Banking & Finance Awards 2024 in the UK. NDB WriztPay, Sri Lanka's first wearable payment solution powered by VISA, highlights the bank's digital-first payments innovation.
Colombo Stock Exchange closed down, the All Share Index fell 0.16% to 12,152 with turnover Rs 2.1bn and a net foreign outflow of Rs 339m; top foreign buying included Commercial Bank, Sampath Bank, ACL Cables, Melstacorp and Elpitiya Plantations, and Agarapatana Plantations suspended trading after announcing a Rs1 dividend.
Colombo Stock Exchange closed higher: ASPI rose 0.92% to 12,164 and S&P SL20 gained 1.34% to 3,590, led by banking stocks which accounted for Rs 1.4bn of turnover; top contributors included C T Holdings, Sampath Bank, John Keells and Commercial Bank.
NDB Bank's NDB-AIA bancassurance partnership was named Bank Partner of the Year at the Asia Trusted Life Agents & Advisors Awards 2024, marking the first time Sri Lanka has received this international honour.
NDB Bank's bancassurance partnership with AIA Sri Lanka was named 'Bank Partner of the Year' at the Asia Trusted Life Agents and Advisers Awards 2024. It is the first time Sri Lanka has received this international honour.
ASPI gained 1% to close at 12,053 as investors returned to buying, led by banking and blue-chip stocks; turnover was Rs. 2.8bn. Sampath Bank, John Keells and Commercial Bank were among top contributors to the session's gains.
Sri Lanka stocks closed up 1% with the Colombo All Share Index rising 123.5 points to 12,053, led by gains in John Keells, Sampath, Hatton National Bank and NDB. Turnover was 2.83 billion rupees; Melstacorp rose while Lion Brewery fell.
National Development Bank PLC hosted a World Children’s Day event at Royal College, Colombo, promoting its NDB Shilpa children’s savings account and awarding art-competition winners. NDB Shilpa offers benefits including double interest, gift schemes, free hospitalisation cover and complimentary life and disability insurance.
Colombo market cooled after 11 straight gains as the ASPI fell about 59 points (0.5%) on turnover of Rs.2.3bn, with banks contributing 59% of turnover. Sampath, Commercial and Hatton National rose, while Vallibel One and Nations Trust fell; JKH, LOLC, NDB, Hayleys and DFCC weighed on the index.
Anura Kumara Dissanayake's 21 Sept. presidential win propelled the Colombo bourse—ASPI rose ~10% and S&P SL20 ~13% since the victory, returning indices to double-digit YTD gains. Turnover jumped to Rs.2.6bn with banks and capital goods leading; JKH, COMB, NDB, CFIN, SAMP and HNB were key positives while UML, MARA and BERU fell.
NDB Bank held the NDB Bowling Tournament 2024 at Excel World, Colombo, with the Central Sales – Home Loans team winning the championship; Privilege Select Banking and Business Banking were first and second runners-up. The event aimed to promote teamwork, employee wellness and team bonding across the bank.
National Development Bank PLC (NDB) was honoured with the Global Banking and Finance Award 2024 for 'Best Financial Institution for Empowering Women', recognising its Banking on Women platform and the Sri Lanka Vanithabhimana women's empowerment initiative.
Colombo Stock Exchange rose with the All Share Index up 0.69% to 11,855 and the S&P SL20 up 1.45% to 3,459 on turnover of 2.6 billion; banking stocks led gains while there was a net foreign outflow of Rs 123 million.
National Development Bank PLC (NDB) was honoured with the Global Banking & Finance Award for Best Financial Institution Empowering Women. The bank highlighted its Banking on Women platform, SME and microfinance initiatives and the Vanithabhimana programme as drivers of its women-focused financial inclusion efforts.
NDB Bank signed an MoU with NEDA to implement the ADB-developed "SME Connect" online platform to support MSMEs—especially women-led firms—and provide direct access to NDB's banking products. The trilingual, mobile-friendly platform offers learning, mentoring, networking and training resources.
NDB Bank signed an MoU with the National Enterprise Development Authority to partner on the ADB-developed 'SME Connect' online platform to support MSMEs, with a focus on women-led businesses. The trilingual, mobile-friendly platform provides mentoring, training and direct links to NDB's banking products.
Private credit in Sri Lanka rose by Rs135bn in August 2024, up from Rs60bn in July. The pickup supports bank lending but occurs amid central bank deflationary policy and warnings about inflation and rupee pressure.
NDB Bank reached 100,000 YouTube subscribers, becoming the first Sri Lankan bank to hit this milestone. Over 96% of subscribers are local and the dominant age group is 25-34, underscoring the bank's digital engagement strategy.
Colombo Stock Exchange closed higher: All Share Index up 0.87% to 11,773 and S&P SL20 up 0.76% to 3,409, with turnover of 2.9 billion and net foreign inflow of 69 million rupees. Banking stocks led gains (HNB, Commercial Bank, DFCC, NDB) while some crossings and active foreign flows hit multiple counters.
NDB Bank (NDB.N0000) became the first Sri Lankan bank to reach 100,000 YouTube subscribers, marking a digital engagement milestone and reflecting its focus on financial education and digital-first customer outreach.
Colombo market turnover topped Rs. 4 billion as the ASPI closed up 12 points at 11,672, marking an eighth consecutive day of gains. Banking stocks drove activity—contributing 39% of turnover with HNB, Sampath, NDB, Teejay Lanka and DFCC among top positive contributors, while Commercial Bank fell.
Colombo Stock Exchange closed higher: All Share Index up 0.10% at 11,671 and S&P SL20 up 0.50% at 3,384, turnover 4.3 billion and net foreign inflow of 633 million rupees.
Colombo Stock Exchange closed higher: All Share Index +2.87% to 11,659 and S&P SL20 +4.09% to 3,367, with turnover Rs3.9bn and net foreign inflow Rs82.10m. Banking stocks led gains while foreign buying concentrated in Sampath, HNB, Bukit Darah and LOLC Finance and selling hit CIC, Nations Trust, hSenid, John Keells and Ceylon Cold Stores.