CIO Confluence 2026 will be held on 9 September at Cinnamon Life, bringing together senior technology and business leaders from Sri Lanka's banking sector to discuss 'Beyond Digital: The Intelligent Banking Era' and the move to intelligent, data-driven banking transformation.
Colombo stock indices rose (ASPI +0.37% to 21,474.39; S&P SL20 +0.47% to 6,023.20) with several blue-chips higher. Kotagala Plantations resolved to amalgamate with its 99.999% subsidiary Rubber and Allied Products, offering 8.10 rupees cash to minority shareholders and cancelling the parent company's shares, subject to shareholder approval.
Union Assurance held its Partnership Distribution Annual Awards 2025 at Cinnamon Life, presenting 150 awards to top performers and naming Dineshi Fernando (Nations Trust Bank channel) Champion of Champions, highlighting strong growth in its bancassurance distribution for 2025.
Siyapatha Finance reported 1H 2026 PAT of Rs.1,007 million (up 43% y/y) and total assets surpassed Rs.104 billion. The loan book grew 44% to Rs.99 billion and the company maintained capital and liquidity ratios comfortably above regulatory minima.
Colombo bourse edged up as the ASPI rose 0.03% to 21,325.64 on turnover of over Rs.1.2bn; banks led activity while geopolitical tensions and higher global oil prices weighed on sentiment and foreigners were net sellers of Rs.7.2m.
Colombo Stock Exchange opened higher with the ASPI up 0.27% (57.33 pts) at 21,382.97 and the S&P SL20 up 0.42% at 6,008.68, led by gains in John Keells and Dialog. Market turnover was LKR 95.52m; Co-operative Insurance will redeem 1,100,000 preference shares for LKR 16.61m on Aug 31, 2026.
Siyapatha Finance, the fully-owned finance company of Sampath Bank, reported 1H2026 PAT of Rs.1,007 million (up 43% YoY) and PBT of Rs.2,334 million as total assets rose to Rs.104 billion. The loan book grew 44% to Rs.99 billion, deposits increased to Rs.42 billion and capital/liquidity ratios remain above regulatory minima.
The Colombo market opened the month lower as the ASPI fell 0.1% to 21,318.31, with turnover above Rs.2.3bn and foreign net outflows of Rs.612.5m. Selling late in the session hit JKH, BREW, DFCC, DIAL and MELS, while CCS and Asia Siyaka rose.
Fuel & Energy Prices
Ada Derana·Sep 2, 2026·Promotional / marketingPositive
Sampath Bank PLC, in partnership with Visa, has launched the Sampath Bank Private Banking Visa Infinite Privilege Credit Card, a premium card offering travel, hospitality, dining and lifestyle benefits targeted at affluent Sri Lankan customers.
CSE corporate earnings rose 10% YoY to Rs.168.3bn in 2Q (1QFY27), lifting 1H earnings 8% YoY to Rs.354.9bn, led by banks which contributed 37% of quarterly profits. Food & Beverage and Diversified Financials were the next-largest contributors; top 10 counters made about 56% of profits.
Consumer Staples (FMCG)
Ada Derana·Sep 1, 2026·Promotional / marketingPositive
Sampath Bank PLC participated in the Wayamba Motor Show & Kedalla Trade Fair Kurunegala 2026 (attended by over 100,000 visitors), showcasing vehicle financing and leasing solutions and offering on-the-spot consultations and pre-approvals to boost regional mobility and EV interest.
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