News & market updates

NDB Bank (NDB.N0000) is running the NDB Shilpa Santa Campaign 2025: parents who deposit over LKR 50,000 into a child's Shilpa account between 1 Oct and 15 Dec 2025 will receive a child-chosen gift delivered by Santa starting 1 Dec 2025.

Eng. Prof. Ananda Jayawardane has been appointed by the Finance Ministry as an Independent Non‑Executive Director on the Bank of Ceylon board. He completed his term as Chairman of Commercial Bank in April 2024 and currently serves as a director of Prime Lands Residencies and HNB Assurance, with past links to Sierra Cables and NDB.

National Development Bank (NDB) reported a post-tax profit of LKR 7.5 billion for the nine months ended 30 Sept 2025, a 65% YoY increase, and hosted an analyst earnings call outlining strong loan growth (notably SMEs), deposit expansion, improved asset quality/liquidity and a Strategic Roadmap to 2030.

National Development Bank (NDB) said its Board approved issuing up to Rs.16 billion of listed, rated, unsecured, subordinated GSS+ bonds (160 million at Rs.100 each); the issue is subject to regulatory approvals and will be quoted on the Colombo Stock Exchange.

Nations Trust Bank reported a 48% year-on-year rise in quarterly profit to 6.1 billion rupees for the September quarter. The bank said higher net interest income drove results and expects its agreed acquisition of HSBC’s Sri Lanka retail business (≈200,000 accounts) to fuel further growth.

Colombo market closed lower — ASPI fell 0.84% (198.24 pts) to 23,461.46 and the S&P SL20 dropped 1.52% to 6,458.15. Banking dominated turnover (39%) and major laggards included SAMP, HNB, JKH, NDB and BUKI while foreign investors were net sellers of about Rs. 788.7 million.

Colombo Stock Exchange fell as profit taking pushed the ASPI down 0.82% to 23,466.09 and the S&P SL20 down 1.46% to 6,462.04, with turnover of 6.42 billion rupees; top negatives included Sampath Bank, HNB, John Keells, NDB and Bukit Darah.

NDB Bank signed an MoU with Browns EV to provide tailored leasing solutions for Browns EV’s Wuling and BAW electric vehicle range, expanding access to EV ownership in Sri Lanka.

NCCSL and KPMG held a post-Budget 2026 seminar stressing fiscal discipline and a development focus, noting the VAT threshold has been lowered to Rs. 36 million per annum. Panelists highlighted priorities of digitalisation, export diversification, SME empowerment and sustained public investment.

The ASPI closed at 23,502.59, up 0.70% (164.34 pts), crossing 23,500 for the first time on positive sentiment after the 2026 Budget. Banking names HNB, SAMP, COMB, NDB and DIAL led gains as Budget measures proposed concessional SME loan schemes and credit guarantees expected to boost loan demand.

Sri Lanka stocks rose 0.7% on Monday, led by financial shares as the ASPI gained 164.34 points to 23,502.59. Top contributors from the shortlist included HNB, Sampath Bank, Commercial Bank and NDB, while construction names like Access Engineering and Kelani Cables also gained and John Keells reported a 21% quarterly profit rise.

Daraz Sri Lanka will run its 11.11 Biggest Sale from Nov 10 (8:00pm) to Nov 21 with discounts up to 90%, Rs.120 million in vouchers and sitewide flash deals. Participating banks (NTB, HNB, NDB, Commercial Bank, Sampath, DFCC, Pan Asia) and brands including Hayleys will offer additional partner discounts and instalment options.

Colombo's ASPI closed at a record 23,112.38, up 0.69% (158.99 pts), while the S&P SL20 rose 0.98% to 6,310.26 on turnover over Rs. 6 billion; SFCL, NDB, DOCK, JKH and CTHR were key positive contributors.

NDB Bank reported a 146% y/y rise in quarterly profit to 3,615 million rupees in the September 2025 quarter, driven by higher net interest income, fee growth and a sharp fall in impairment charges. Loans grew 27.1% to 585.4 billion rupees and capital adequacy eased to 11.54%.

CSE All Share Index rose 0.69% (158.99 pts) to 23,112.48 as buying on positive company results lifted the market. Top contributors were Senkadagala Finance, NDB, Colombo Dockyard, John Keells and C T Holdings, with turnover rising to 6.06 billion.

National Development Bank PLC reported a 65% rise in post-tax profit to Rs. 7.5bn for the nine months, with pre-tax profit up 62.1% to Rs. 11.0bn and net loans, deposits and total assets growing 22.1%, 7.2% and 10.6% on a normalised basis.

National Development Bank PLC posted a 65% rise in post-tax profit to LKR 7.5 billion for the nine months to Sept 30, 2025. Net operating income and pre-tax profit rose to LKR 28.4bn and LKR 11.0bn, with net loans, deposits and assets expanding on a normalized basis.

The Northern Investment Summit 2026 will be held 21–22 Jan in Jaffna to attract investment into the Northern Province, backed by government, India mentorship and private partners; Hatton National Bank is partnering to provide finance and support capital access.

GovPay launched traffic fine payments in the Northern Province, enabling on-the-spot payments via bank and fintech apps; since April 2025 it has processed 23,539 spot fines totaling over Rs.31 million.

National Development Bank PLC (NDB.N0000) won Gold, Silver, Bronze and Merit awards in the Banking category at the National Sales Awards 2025 (SLIM), recognising multiple staff for sales and customer service excellence.

The Chief Internal Auditor’s Forum of Banks appointed its 7th committee at the AGM on 30 July 2025, naming Dulan Abeyratne (HSBC) as President and including committee members from NDB, DFCC, Cargills Bank, Pan Asia, Amana Bank and Nations Trust Bank.

NDB Bank launched the Tea Manufacturer Finance Programme offering low-interest working-capital and long-term loans with instant disbursements based on Goods Received Notes and simplified documentation to support tea producers and exporters.

NDB PLC launched a Tea Manufacturer Finance Program offering low-interest funding, instant GRN-based loan disbursements and simplified documentation to help tea producers and exporters access working capital or long-term financing.

NDB Bank signed an MoU with Home Lands Group to offer an exclusive home loan package providing up to 120% financing (100% for property purchase plus 20% for ancillary expenses) with flexible repayment options and dedicated relationship officers.

NDB Bank signed an MoU with Gavinro International to provide EV passenger and commercial vehicle leasing and tailored financing, including refinancing for Skywell vans and buses and tourism loans up to Rs.25 million at a 7% interest rate.

NDB.N0000 signed an MoU with AHZ Education Consultants on 18 September 2025 to integrate AHZ's UK university placement services with NDB's Student File banking solution, offering Sri Lankan students combined placement support and tailored banking services for overseas study.

The Unit Trust Association of Sri Lanka has launched an Investor Awareness Initiative at the World Trade Centre, Colombo (27–31 Oct 2025) with 16 member firms participating; industry AUM reached Rs.601 billion and unit holders numbered 131,609 as of Aug 2025.

Senaka Kakiriwaragodage was appointed as a Director of the Colombo Stock Exchange with effect from 3 October; he is CEO of NDB Capital Holdings Ltd and has 22 years' experience in investment banking, private equity and IT services.

NDB Bank staff volunteered at Anawilundawa Wetland Sanctuary on 10 Oct 2025, planting 150 mangrove seedlings and conducting vegetation surveys to map invasive Ipil Ipil. The activity is part of the Life of Our Mangroves multi-partner project aiming to restore 1 hectare over five years.

The Colombo Stock Exchange held the 7th CSE Masterminds Quiz, with Acuity Knowledge Partners (Team 2) winning the grand cash prize of Rs. 1,000,000. Sector winners included Dialog Finance (Leasing & Finance), John Keells Stock Brokers (Stock Brokering) and NDB Wealth Management, and many listed firms participated as sponsors.