Fintech Forum Sri Lanka vice-chair and LOLC Finance CEO Conrad Dias says Sri Lankan fintechs must target regional markets of up to about 200 million consumers to scale beyond the domestic market of ~20 million, urging stronger collaboration, supportive regulation and international partnerships.
Secondary bond yields remained broadly steady as the market consolidated recent gains; a Rs.140 billion Treasury Bill auction (below Rs.158.22bn maturing) is in focus. Net money-market liquidity stood at Rs.194.03bn with weighted overnight rates around 8.8%.
Secondary bond market rallied, pushing Treasury yields lower across maturities (e.g. 15.12.29 at 10.90% and many 2030-33 tenors down around 11-11.9%). Money-market net liquidity surplus stood at Rs.196.36bn and USD/LKR spot closed at Rs.335.10/335.18.
Rs.120 billion Treasury Bill auction scheduled today as secondary bond market activity picked up and yields compressed; money-market rates edged down and USD/LKR closed at 336.30/336.40.
Senkadagala Finance PLC reported a record group profit after tax of Rs. 2.05 billion for FY2025/26 (up 16% YoY); total assets rose 40% to Rs. 57.07 billion and total capital adequacy stood at 23.84% after a Rs. 1.035 billion rights issue.
Colombo Stock Exchange rose 3.43% as the ASPI gained 743.22 points to close at 22,380 on positive sentiment after a US-Iran deal. Top contributors included Sampath Bank, Commercial Bank, John Keells and Melstacorp, and Senkadagala Finance announced a 2.8 rupee dividend.
Central Bank cut LTV caps on motor financing (to 60% from 70% for >1yr vehicles; to 40% from 60% for newer/unregistered) and on gold loans (to 70% from 80%); Fitch says the tighter caps should strengthen lenders' risk profiles, especially finance companies.
Gold & Pawning
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