SAMPATH BANK PLC
Interim Financial Statements
for the period ended 30th September 2025 (In terms of Rule 7.4 of the Colombo Stock Exchange) FINANCIAL COMMENTARY FOR THE NINE MONTHS ENDED 30TH SEPTEMBER 2025 Financial Performance
Sampath Bank reported a Profit Before Tax (PBT) of Rs 35.3 Bn and a Profit After Tax (PAT) of Rs
21.5 Bn for the nine-month period ended 30th September 2025, reflecting consistent year-on-year growth of 18% and 21% respectively. Furthermore, the Group delivered a strong financial performance, recording a PBT of Rs 38.0 Bn and a PAT of Rs 23.1 Bn for the same period, marking growth of 19% and 21% respectively.
Fund Based IncomeThe Bank's total interest income declined by 3% year-on-year for the nine-month period ended 30th September 2025, reaching Rs 134.0 Bn. This decrease was primarily driven by the continued reduction in the Average Weighted Prime Lending Rate (AWPLR) and lower yields from government securities. Interest expenses saw a corresponding decrease of 2% year-on-year to Rs 76.8 Bn, reflecting the overall downward trend in market interest rates. Consequently, the Bank's Net Interest Income (NII) contracted by 6% year-on-year to Rs 57.2 Bn. The Net Interest Margin (NIM) narrowed by 81 basis points, from 4.90% as at 31stDecember 2024, to 4.09% as at 30th September 2025.
Non-Fund Based IncomeThe Bank reported a robust 107% year-on-year increase in total non-fund based income, reaching Rs
23.9 Bn for the nine-month period ended 30th September 2025.
Net fee and commission income, amounting to Rs 15.6 Bn, saw a robust 20% year-on-year growth, driven by strong performances in key business areas, including advances, cards, trade, operations, and electronic banking services.
The Bank also recorded a total exchange gain of Rs 3.5 Bn during the period, marking a notable turnaround from the exchange loss of Rs 3.5 Bn reported in the same period last year. This improvement was primarily driven by the depreciation of the LKR against the USD by Rs 9.30.
Impairment ChargeFor the nine-month period ended 30th September 2025, the Bank recorded a total impairment charge of Rs 2.0 Bn, representing a significant decrease of 62% compared to the corresponding period in 2024. This comprised an impairment charge of Rs 2.3 Bn on loans and advances (2024: Rs 3.1 Bn), Rs 0.6 Bn on other financial assets (2024: Rs 1.2 Bn), and a reversal of Rs 0.8 Bn on credit-related commitments and contingencies (2024: charge of Rs 1.1 Bn).
Impairment charge on loans and advances and credit related commitments and contingencies Notwithstanding a significant 18.9% expansion in the Bank's loan portfolio during the period under review, impairment charges on loans and advances declined by 27% year-on-year. This reduction was
largely attributable to improved credit quality and stronger repayment capacity across the customer
base, supported by favorable macroeconomic conditions and an optimistic business outlook.
The Bank conducted a comprehensive assessment of its ISL customer portfolio, recognising tailored provisions in its Financial Statements to reflect the specific credit risk profiles of ISL customers. In line with its prudent risk management policy, the Bank continued to maintain sound collective impairment provisions, ensuring adequate buffers against potential future credit losses. Notably, the core models used for collective provisioning remained consistent with those applied in 2024.
The reversal of Rs 0.8 Bn (2024: charge of Rs 1.1 Bn) relating to credit-related commitments and contingencies reflects the overall improvement in the credit quality of the Bank's customer base.
Impairment charge on other financial instruments
An impairment charge of Rs 0.6 Bn was recognised on other financial instruments during the reporting period, primarily attributable to newly acquired investments.
Operating ExpensesDuring the reporting period, the Bank's operating expenses increased by 19% compared to the same period in 2024, primarily driven by higher personnel costs as a result of annual salary revisions as well as key strategic initiatives embarked upon by the Bank requiring an expansion of the Bank's staff cadre and IT related costs. As expense growth continued to outpace the increase in operating income, the Bank's cost-to-income ratio (CIR) deteriorated by 240 basis points, reaching 41.3%, compared to 38.9% in the corresponding period of the previous year.
TaxationThe total tax charge for the period increased to Rs 24.1 Bn, compared to Rs 20.9 Bn in the corresponding period of the previous year, primarily due to the rise in taxable income.
Key RatiosAs at 30th September 2025, the Bank reported a Return on Equity (after tax) of 17.24% and a Return on Average Assets (before tax) of 2.52%. These compare with 17.74% and 2.84%, respectively, as at 31st December 2024, reflecting a marginal decline in profitability ratios over the period.
Capital and LiquiditySampath Bank continued to demonstrate strong financial resilience during the period under review, maintaining capital adequacy well above the minimum regulatory requirements. As at 30th September 2025, the Bank's Common Equity Tier 1 (CET 1), Tier 1, and Total Capital ratios stood at 14.06%, 14.06%, and 17.21%, respectively, compared to 16.75%, 16.75%, and 19.38% as at 31st December 2024. Following its designation as a Domestic Systemically Important Bank (D-SIB) by the Central Bank of Sri Lanka, effective 17th April 2025, the Bank became subject to an additional 1% capital buffer across all tiers. Despite this enhanced requirement, Sampath Bank comfortably maintained capital levels above the prescribed thresholds as at the reporting date.
Liquidity levels remained robust, with the All-Currency Liquidity Coverage Ratio (LCR) at 249.0% and the Net Stable Funding Ratio (NSFR) at 181.2%, compared to 307.4% and 198.7%, respectively, as at year-end 2024.
AssetsSampath Bank's total assets grew by 10% during the reporting period, reflecting an annualized growth rate of 13%. Total assets reached Rs 1.95 Tn as at 30th September 2025, up from Rs 1.78 Tn reported at the previous year-end. This growth was primarily driven by the expansion of the Bank's loan portfolio.
The Bank's gross loan portfolio, which surpassed the Rs 1 Tn milestone in 2025, reported a substantial increase of Rs 182 Bn, rising from Rs 964.6 Bn at the end of 2024 to Rs 1,147.0 Bn as at 30th September 2025. This growth was primarily driven by a Rs 163 Bn expansion in LKR-denominated loans, while FCY loans posted a modest increase of Rs 19 Bn during the period.
During the period, the Bank's investment portfolio recorded a marginal decline, primarily reflecting the strategic reallocation of funds towards lending growth following the maturity of short-term investment securities. LKR-denominated Treasury bills decreased by Rs 55 Bn, while US Treasury bill holdings declined by Rs 44 Bn upon maturity. These reductions were partially offset by a Rs 41 Bn increase in LKR-denominated Treasury bonds, Rs 40 Bn in placements with other banks, and Rs 11 Bn in investments in Sri Lanka International Sovereign Bonds (PDIs).
The Sampath Group's total assets exceeded Rs 2 Tn during the year, marking a 10% increase over the nine-month period.
LiabilitiesAs at 30th September 2025, Sampath Bank's total liabilities rose to Rs 1.78 Tn, reflecting a 11% increase since year-end 2024 and an annualized growth rate of 14%. This growth was largely driven by a robust expansion in the Bank's deposit base, which increased by Rs 137.6 Bn, from Rs 1,469.2 Bn at the end of 2024 to Rs 1,606.8 Bn. The increase was primarily fueled by LKR-denominated deposits, which contributed Rs 127.5 Bn, while foreign currency deposits rose by Rs 10.1 Bn.
The Bank's CASA base strengthened by Rs 55.1 Bn during the period, resulting in an improvement in the CASA ratio to 34.5% as at 30th September 2025, up from 34.0% at the end of the previous year.
Commitment to Stakeholder Well-beingSampath Bank continues to play an active role in supporting Sri Lanka's economic recovery by assisting its customers in navigating financial challenges through the Business Revival Unit. This initiative provides advice and customized financial solutions to distressed businesses, enabling them to restructure, rebuild, and return to a growth trajectory. By enhancing customer creditworthiness and facilitating business continuity, the Bank has made a meaningful contribution in strengthening the financial stability and resilience of the SME and corporate sectors of the country.
Sampath Bank demonstrated strong ESG leadership through a diverse range of sustainability initiatives launched in celebration of World Environment Day 2025. Key efforts included the launch of a five-year project to conserve and promote the sustainable use of coral reefs and other coastal ecosystems within the Erumaitivu-Kakkativu seascape in Kilinochchi District, in partnership with IUCN (International Union for Conservation of Nature) Sri Lanka; the unveiling of the "Madhu Sampatha" floating market, aimed at reducing plastic pollution and supporting local artisans; and a mangrove restoration programme in Karamba, Puttlam to safeguard the oceanic ecosystems.
The Bank also continued its flagship "Wewata Jeewayak" irrigation tank restoration initiative and, in 2025, launched a women startup programme to promote inclusive economic development. ESG-linked credit screening mechanisms were further refined to align with global standards, strengthening governance and fostering sustainable value creation.
In line with its commitment to climate transparency and responsible reporting, Sampath Bank is steadily aligning its ESG disclosures with globally recognised frameworks, including GRI, SLFRS S1 & S2, SASB, and the UN Global Compact. The Bank has also joined the Partnership for Carbon Accounting Financials (PCAF). Collectively, these initiatives have strengthened Sampath Bank's position as a national ESG leader, earning it the title of "Best Bank for ESG in Sri Lanka" at the Euromoney Awards 2025.
Sampath Bank PLC - Confidential - Internal#
STATEMENT OF PROFIT OR LOSS
Bank | Group | |||||||||||
For the nine months ended 30th September | For the quarter ended 30th September | For the nine months ended 30th September | For the quarter ended 30th September | |||||||||
2025 | 2024 | Change | 2025 | 2024 | Change | 2025 | 2024 | Change | 2025 | 2024 | Change | |
Rs 000 | Rs 000 | % | Rs 000 | Rs 000 | % | Rs 000 | Rs 000 | % | Rs 000 | Rs 000 | % | |
Gross income | 162,231,046 | 153,526,837 | 6 | 54,123,732 | 49,063,297 | 10 | 172,204,362 | 161,786,625 | 6 | 57,852,904 | 51,981,495 | 11 |
Interest income | 133,988,906 | 138,595,397 | (3) | 44,570,081 | 43,598,208 | 2 | 141,976,611 | 145,504,059 | (2) | 47,472,614 | 45,977,879 | 3 |
Less : Interest expense | 76,803,777 | 78,006,901 | (2) | 25,970,070 | 24,153,257 | 8 | 80,553,103 | 81,327,467 | (1) | 27,374,036 | 25,206,531 | 9 |
Net interest income | 57,185,129 | 60,588,496 | (6) | 18,600,011 | 19,444,951 | (4) | 61,423,508 | 64,176,592 | (4) | 20,098,578 | 20,771,348 | (3) |
Fee & commission income | 19,952,520 | 16,354,323 | 22 | 7,450,216 | 5,361,267 | 39 | 20,775,899 | 16,770,489 | 24 | 7,801,513 | 5,482,644 | 42 |
Less : Fee & commission expense | 4,343,098 | 3,396,037 | 28 | 1,558,462 | 1,106,190 | 41 | 4,345,384 | 3,397,692 | 28 | 1,559,412 | 1,106,524 | 41 |
Net fee & commission income | 15,609,422 | 12,958,286 | 20 | 5,891,754 | 4,255,077 | 38 | 16,430,515 | 13,372,797 | 23 | 6,242,101 | 4,376,120 | 43 |
Net gain/(loss) from trading | 3,217,143 | (224,585) | 1,532 | 355,491 | 2,134,533 | (83) | 3,217,143 | (202,367) | 1,690 | 355,491 | 2,132,115 | (83) |
Net gain on derecognition of financial assets | ||||||||||||
- at fair value through profit or loss | 127,361 | 150,950 | (16) | 24,407 | 47,784 | (49) | 127,361 | 153,142 | (17) | 24,407 | 49,193 | (50) |
- at fair value through other comprehensive income | 3,680,631 | 753,837 | 388 | 242,724 | 175,910 | 38 | 3,680,631 | 753,837 | 388 | 242,724 | 175,910 | 38 |
Net other operating income | 1,264,485 | (2,103,085) | 160 | 1,480,813 | (2,254,405) | 166 | 2,426,717 | (1,192,535) | 303 | 1,956,155 | (1,836,246) | 207 |
Total other income | 8,289,620 | (1,422,883) | 683 | 2,103,435 | 103,822 | 1,926 | 9,451,852 | (487,923) | 2,037 | 2,578,777 | 520,972 | 395 |
Total operating income | 81,084,171 | 72,123,899 | 12 | 26,595,200 | 23,803,850 | 12 | 87,305,875 | 77,061,466 | 13 | 28,919,456 | 25,668,440 | 13 |
Less: Impairment charge/(reversal) | 2,024,346 | 5,394,942 | (62) | 638,936 | (778,806) | 182 | 1,961,238 | 5,322,332 | (63) | 633,769 | (828,072) | 177 |
Net operating income | 79,059,825 | 66,728,957 | 18 | 25,956,264 | 24,582,656 | 6 | 85,344,637 | 71,739,134 | 19 | 28,285,687 | 26,496,512 | 7 |
Less: Operating expenses | ||||||||||||
Personnel expenses | 14,801,885 | 13,112,388 | 13 | 4,961,920 | 4,557,055 | 9 | 16,987,440 | 14,801,217 | 15 | 5,736,537 | 5,214,388 | 10 |
Depreciation and amortisation expenses | 3,486,106 | 2,321,244 | 50 | 1,227,780 | 809,068 | 52 | 3,030,381 | 2,180,177 | 39 | 976,716 | 777,866 | 26 |
Other expenses | 15,240,178 | 12,654,634 | 20 | 5,615,997 | 4,616,894 | 22 | 16,330,357 | 13,507,487 | 21 | 5,992,677 | 4,839,087 | 24 |
Total operating expenses | 33,528,169 | 28,088,266 | 19 | 11,805,697 | 9,983,017 | 18 | 36,348,178 | 30,488,881 | 19 | 12,705,930 | 10,831,341 | 17 |
Operating profit before taxes on financial services | 45,531,656 | 38,640,691 | 18 | 14,150,567 | 14,599,639 | (3) | 48,996,459 | 41,250,253 | 19 | 15,579,757 | 15,665,171 | (1) |
Less : Taxes on financial services | ||||||||||||
Value added tax | 8,971,964 | 7,695,246 | 17 | 2,839,198 | 2,836,752 | - | 9,626,859 | 8,191,552 | 18 | 3,078,154 | 3,037,727 | 1 |
Social security contribution levy | 1,246,106 | 1,068,784 | 17 | 394,333 | 393,993 | - | 1,337,064 | 1,137,715 | 18 | 427,522 | 421,906 | 1 |
Total taxes on financial services | 10,218,070 | 8,764,030 | 17 | 3,233,531 | 3,230,745 | - | 10,963,923 | 9,329,267 | 18 | 3,505,676 | 3,459,633 | 1 |
Profit before income tax | 35,313,586 | 29,876,661 | 18 | 10,917,036 | 11,368,894 | (4) | 38,032,536 | 31,920,986 | 19 | 12,074,081 | 12,205,538 | (1) |
Less : Income tax expense | 13,857,601 | 12,090,550 | 15 | 4,156,959 | 4,695,317 | (11) | 14,883,648 | 12,830,726 | 16 | 4,552,652 | 4,982,685 | (9) |
Profit for the period | 21,455,985 | 17,786,111 | 21 | 6,760,077 | 6,673,577 | 1 | 23,148,888 | 19,090,260 | 21 | 7,521,429 | 7,222,853 | 4 |
Attributable to: | ||||||||||||
Equity holders of the Bank | 21,455,985 | 17,786,111 | 21 | 6,760,077 | 6,673,577 | 1 | 23,148,888 | 19,090,260 | 21 | 7,521,429 | 7,222,853 | 4 |
Non controlling interest | - | - | - | - | - | - | ||||||
21,455,985 | 17,786,111 | 21 | 6,760,077 | 6,673,577 | 1 | 23,148,888 | 19,090,260 | 21 | 7,521,429 | 7,222,853 | 4 | |
Earnings per share - Basic/Diluted (Rs)
15.17 21
5.69 1
16.28 21
6.16 4
18.30
5.76
19.74
6.41
1
STATEMENT OF COMPREHENSIVE INCOME
Bank | Group | |||||||||||
For the nine months ended 30th September | For the quarter ended 30th September | For the nine months ended 30th September | For the quarter ended 30th September | |||||||||
2025 | 2024 | Change | 2025 | 2024 | Change | 2025 | 2024 | Change | 2025 | 2024 | Change | |
Rs 000 | Rs 000 | % | Rs 000 | Rs 000 | % | Rs 000 | Rs 000 | % | Rs 000 | Rs 000 | % | |
Profit for the period | 21,455,985 | 17,786,111 | 21 | 6,760,077 | 6,673,577 | 1 | 23,148,888 | 19,090,260 | 21 | 7,521,429 | 7,222,853 | 4 |
Other comprehensive income | ||||||||||||
Items that will be reclassified to profit or loss: | ||||||||||||
Debt instruments at fair value through other comprehensive income: | ||||||||||||
Loss arising on re-measurement | (4,821,592) | (500,776) | (863) | (1,439,659) | (3,647,582) | 61 | (4,821,592) | (500,776) | (863) | (1,439,659) | (3,647,582) | 61 |
Reclassification to profit or loss due to derecognition | (3,680,631) | (753,837) | (388) | (242,724) | (175,910) | (38) | (3,680,631) | (753,837) | (388) | (242,724) | (175,910) | (38) |
Changes in impairment recycled to profit or loss | 418,447 | (39,404) | 1,162 | 11,072 | (6,983) | 259 | 418,447 | (39,404) | 1,162 | 11,072 | (6,983) | 259 |
Deferred tax effect on the above | 2,425,133 | 388,205 | 525 | 501,394 | 1,149,142 | (56) | 2,425,133 | 388,205 | 525 | 501,394 | 1,149,142 | (56) |
Net other comprehensive income to be reclassified to profit or loss | (5,658,643) | (905,812) | (525) | (1,169,917) | (2,681,333) | 56 | (5,658,643) | (905,812) | (525) | (1,169,917) | (2,681,333) | 56 |
Items that will not be reclassified to profit or loss: | ||||||||||||
Equity instruments at fair value through other comprehensive income: | ||||||||||||
(Loss)/gain arising on re-measurement | (236,359) | (1,382,427) | 83 | 350,554 | 306,175 | 14 | (236,359) | (1,382,427) | 83 | 350,554 | 306,175 | 14 |
Exchange gain/(loss) in translation | 69,483 | (291,638) | 124 | 16,751 | (74,347) | 123 | 69,483 | (291,638) | 124 | 16,751 | (74,347) | 123 |
Deferred tax effect on the above | 50,063 | 502,219 | (90) | (110,191) | (69,549) | (58) | 50,063 | 502,219 | (90) | (110,191) | (69,549) | (58) |
Net other comprehensive income not to be reclassified to profit or loss | (116,813) | (1,171,846) | 90 | 257,114 | 162,279 | 58 | (116,813) | (1,171,846) | 90 | 257,114 | 162,279 | 58 |
Other comprehensive income net of tax | (5,775,456) | (2,077,658) | (178) | (912,803) | (2,519,054) | 64 | (5,775,456) | (2,077,658) | (178) | (912,803) | (2,519,054) | 64 |
Total comprehensive income for the period net of tax | 15,680,529 | 15,708,453 | - | 5,847,274 | 4,154,523 | 41 | 17,373,432 | 17,012,602 | 2 | 6,608,626 | 4,703,799 | 40 |
Attributable to: | 15,680,529 | 5,847,274 | ||||||||||
Equity holders of the Bank | 15,708,453 | - | 4,154,523 | 41 | 17,373,432 | 17,012,602 | 2 | 6,608,626 | 4,703,799 | 40 | ||
Non-controlling interest | - | - | - | - | - | - | ||||||
15,680,529 | 15,708,453 | - | 5,847,274 | 4,154,523 | 41 | 17,373,432 | 17,012,602 | 2 | 6,608,626 | 4,703,799 | 40 | |
2
STATEMENT OF FINANCIAL POSITION
Bank Group
As at | 30th September 2025 Rs 000 | 31st December 2024 (Audited) Rs 000 | Change % | 30th September 2025 Rs 000 | 31st December 2024 (Audited) Rs 000 | Change % |
ASSETS | ||||||
Cash & cash equivalents | 38,156,249 | 46,229,318 | (17) | 38,490,632 | 46,501,139 | (17) |
Balances with Central Bank of Sri Lanka | 17,023,419 | 16,373,983 | 4 | 17,023,419 | 16,373,983 | 4 |
Placements with banks | 66,093,351 | 26,452,245 | 150 | 66,093,351 | 26,452,245 | 150 |
Reverse repurchase agreements | 3,950,187 | 1,000,220 | 295 | 11,265,962 | 6,596,063 | 71 |
Derivative financial instruments | 839,591 | 507,054 | 66 | 839,591 | 507,054 | 66 |
Financial assets recognised through profit or loss - measured at fair value | 508,038 | 4,614,332 | (89) | 508,038 | 4,614,332 | (89) |
Financial assets at amortised cost | ||||||
- loans & advances | 1,046,446,298 | 860,151,610 | 22 | 1,106,975,168 | 901,950,481 | 23 |
- debt & other instruments | 558,297,302 | 401,280,763 | 39 | 558,352,908 | 405,616,020 | 38 |
Financial assets - fair value through other comprehensive income | 166,580,929 | 367,782,512 | (55) | 166,580,985 | 367,782,568 | (55) |
Investment in subsidiaries | 4,219,101 | 4,190,721 | 1 | - | - | - |
Property, plant & equipment | 11,971,622 | 10,854,850 | 10 | 23,282,786 | 22,012,514 | 6 |
Intangible assets | 1,088,703 | 888,711 | 23 | 1,126,653 | 899,752 | 25 |
Right-of-use assets | 7,532,629 | 7,860,280 | (4) | 6,133,485 | 5,488,197 | 12 |
Deferred tax assets | 12,022,549 | 10,934,412 | 10 | 12,215,869 | 11,177,659 | 9 |
Other assets | 18,193,059 | 18,820,112 | (3) | 20,456,559 | 21,023,359 | (3) |
Total Assets | 1,952,923,027 | 1,777,941,123 | 10 | 2,029,345,406 | 1,836,995,366 | 10 |
LIABILITIES | ||||||
Due to banks | 44,674,151 | 23,259,811 | 92 | 57,203,621 | 30,067,815 | 90 |
Derivative financial instruments | 214,208 | 3,200,590 | (93) | 214,208 | 3,200,590 | (93) |
Securities sold under repurchase agreements | 39,623,032 | 40,312,784 | (2) | 39,623,032 | 40,312,784 | (2) |
Financial liabilities at amortised cost | ||||||
- due to depositors | 1,587,228,580 | 1,455,864,416 | 9 | 1,621,960,809 | 1,487,148,551 | 9 |
- due to other borrowers | 8,552,506 | 8,061,364 | 6 | 8,552,506 | 8,061,364 | 6 |
- due to debt securities holders | 28,657,446 | 18,891,500 | 52 | 39,490,227 | 24,741,652 | 60 |
Retirement benefit obligation | 6,029,245 | 5,799,502 | 4 | 6,278,590 | 6,019,892 | 4 |
Dividend payable | 414,141 | 298,695 | 39 | 414,141 | 298,695 | 39 |
Current tax liabilities | 16,629,862 | 14,522,729 | 15 | 17,334,065 | 15,312,202 | 13 |
Deferred tax liabilities | - | - | - | 1,465,302 | 1,465,112 | - |
Other liabilities | 49,628,439 | 41,191,516 | 20 | 52,500,489 | 42,484,397 | 24 |
Total Liabilities | 1,781,651,610 | 1,611,402,907 | 11 | 1,845,036,990 | 1,659,113,054 | 11 |
3
STATEMENT OF FINANCIAL POSITION
Bank Group
As at | 30th September 2025 Rs 000 | 31st December 2024 (Audited) Rs 000 | Change % | 30th September 2025 Rs 000 | 31st December 2024 (Audited) Rs 000 | Change % |
EQUITY | ||||||
Stated capital | 48,741,119 | 48,741,119 | - | 48,741,119 | 48,741,119 | - |
Reserves | ||||||
Statutory reserves | ||||||
Statutory reserve fund | 7,985,000 | 7,985,000 | - | 8,360,000 | 8,358,000 | - |
Special reserve | 1,810,769 | 1,660,470 | 9 | 1,810,769 | 1,660,470 | 9 |
FVOCI reserve | 5,113,185 | 10,888,641 | (53) | 5,113,185 | 10,888,641 | (53) |
Other reserves | 83,623,331 | 83,605,907 | - | 87,121,269 | 87,103,845 | - |
Retained earnings | 23,998,013 | 13,657,079 | 76 | 33,162,074 | 21,130,237 | 57 |
Total equity attributable to equity holders of the Bank | 171,271,417 | 166,538,216 | 3 | 184,308,416 | 177,882,312 | 4 |
Non-controlling interest | - | - | - | |||
Total Equity | 171,271,417 | 166,538,216 | 3 | 184,308,416 | 177,882,312 | 4 |
Total Liabilities & Equity | 1,952,923,027 | 1,777,941,123 | 10 | 2,029,345,406 | 1,836,995,366 | 10 |
Commitments & contingencies | 707,242,313 | 523,844,321 | 35 | 706,059,661 | 521,302,732 | 35 |
Net asset value per share (Rs) | 146.05 | 142.01 | 3 | 157.17 | 151.69 | 4 |
Memorandum information | ||
Number of employees | 4,733 | 4,428 |
Number of branches | 229 | 229 |
CERTIFICATION:
I certify that these Financial Statements are presented in compliance with the requirements of the Companies Act No. 07 of 2007.
(Sgd)
Ajantha de Vas Gunasekara
Executive Director/Chief Financial Officer
We, the undersigned, being the Chairman and the Managing Director/Chief Executive Officer of Sampath Bank PLC, certify jointly that:
the above statements have been prepared in compliance with the format and definitions prescribed by the Central Bank of Sri Lanka; and
the information contained in these statements have been extracted from the unaudited Financial Statements of the Bank and its subsidiary companies unless indicated as audited.
(Sgd) (Sgd)
Harsha Amarasekera Sanjaya Gunawardana
Chairman Managing Director/Chief Executive Officer
12th November 2025
4
STATEMENT OF CHANGES IN EQUITY |
Bank |
For the nine months ended 30th September 2024 | Statutory Reserves | Other Reserves | ||||||
Stated Capital | Statutory Reserve Fund | Special Reserve | FVOCI Reserve | Revaluation Reserve | General Reserve | Retained Earnings | Total Equity | |
Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | |
Balance as at 1st January 2024 | 48,741,119 | 6,615,000 | - | 11,344,032 | 3,594,984 | 67,011,693 | 10,566,248 | 147,873,076 |
Total comprehensive income for the period | ||||||||
Profit for the period | - | - | - | - | - | - | 17,786,111 | 17,786,111 |
Other comprehensive income | - | - | - | (2,077,658) | - | - | - | (2,077,658) |
Total comprehensive income for the period | - | - | - | (2,077,658) | - | - | 17,786,111 | 15,708,453 |
Transactions with equity holders, recognised directly in equity, contributions by and distributions to equity holders | ||||||||
Final dividend for 2023: cash | - | - | - | - | - | - | (6,860,299) | (6,860,299) |
Unclaimed dividend adjustments | - | - | - | - | - | (730) | - | (730) |
Total contributions by and distributions to equity holders | - | - | - | - | - | (730) | (6,860,299) | (6,861,029) |
Balance as at 30th September 2024 | 48,741,119 | 6,615,000 | - | 9,266,374 | 3,594,984 | 67,010,963 | 21,492,060 | 156,720,500 |
For the nine months ended 30th September 2025 | Statutory Reserves | Other Reserves | ||||||
Stated Capital | Statutory Reserve Fund | Special Reserve | FVOCI Reserve | Revaluation Reserve | General Reserve | Retained Earnings | Total Equity | |
Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | |
Balance as at 1st January 2025 | 48,741,119 | 7,985,000 | 1,660,470 | 10,888,641 | 3,594,984 | 80,010,923 | 13,657,079 | 166,538,216 |
Total comprehensive income for the period | ||||||||
Profit for the period | - | - | - | - | - | - | 21,455,985 | 21,455,985 |
Other comprehensive income | - | - | - | (5,775,456) | - | - | - | (5,775,456) |
Total comprehensive income for the period | - | - | - | (5,775,456) | - | - | 21,455,985 | 15,680,529 |
Transactions with equity holders, recognised directly in equity, contributions by and distributions to equity holders | ||||||||
Final dividend for 2024: Cash | - | - | - | - | - | - | (10,964,752) | (10,964,752) |
Unclaimed dividend adjustments | - | - | - | - | - | 17,424 | - | 17,424 |
Total contributions by and distributions to equity holders | - | - | - | - | - | 17,424 | (10,964,752) | (10,947,328) |
Transfer to reserves during the period | - | - | 150,299 | - | - | - | (150,299) | - |
Balance as at 30th September 2025 | 48,741,119 | 7,985,000 | 1,810,769 | 5,113,185 | 3,594,984 | 80,028,347 | 23,998,013 | 171,271,417 |
Sampath Bank PLC - Confidential - Internal#
5
STATEMENT OF CHANGES IN EQUITY |
Group |
For the nine months ended 30th September 2024 | Statutory Reserves | Other Reserves | Total Equity Attributable to Equity Holders of the Bank | |||||||
Stated Capital | Statutory Reserve Fund | Special Reserve | FVOCI Reserve | Revaluation Reserve | General Reserve | Retained Earnings | Non Controlling Interest | Total Equity | ||
Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | |
Balance as at 1st January 2024 | 48,741,119 | 6,929,000 | - | 11,344,032 | 7,092,922 | 67,011,693 | 16,711,726 | 157,830,492 | - | 157,830,492 |
Total comprehensive income for the period | ||||||||||
Profit for the period | - | - | - | - | - | - | 19,090,260 | 19,090,260 | - | 19,090,260 |
Other comprehensive income | - | - | - | (2,077,658) | - | - | - | (2,077,658) | - | (2,077,658) |
Total comprehensive income for the period | - | - | - | (2,077,658) | - | - | 19,090,260 | 17,012,602 | - | 17,012,602 |
Transactions with equity holders, recognised directly in equity, contributions by and distributions to equity holders | ||||||||||
Final dividend for 2023: cash | - | - | - | - | - | - | (6,860,299) | (6,860,299) | - | (6,860,299) |
Unclaimed dividend adjustments | - | - | - | - | - | (730) | - | (730) | - | (730) |
Total contributions by and distributions to equity holders | - | - | - | - | - | (730) | (6,860,299) | (6,861,029) | - | (6,861,029) |
Balance as at 30th September 2024 | 48,741,119 | 6,929,000 | - | 9,266,374 | 7,092,922 | 67,010,963 | 28,941,687 | 167,982,065 | - | 167,982,065 |
For the nine months ended 30th September 2025 | Statutory Reserves | Other Reserves | Total Equity Attributable to Equity Holders of the Bank | |||||||
Stated Capital | Statutory Reserve Fund | Special Reserve | FVOCI Reserve | Revaluation Reserve | General Reserve | Retained Earnings | Non Controlling Interest | Total Equity | ||
Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | |
Balance as at 1st January 2025 | 48,741,119 | 8,358,000 | 1,660,470 | 10,888,641 | 7,092,922 | 80,010,923 | 21,130,237 | 177,882,312 | - | 177,882,312 |
Total comprehensive income for the period | ||||||||||
Profit for the period | - | - | - | - | - | - | 23,148,888 | 23,148,888 | - | 23,148,888 |
Other comprehensive income | - | - | - | (5,775,456) | - | - | - | (5,775,456) | - | (5,775,456) |
Total comprehensive income for the period | - | - | - | (5,775,456) | - | - | 23,148,888 | 17,373,432 | - | 17,373,432 |
Transactions with equity holders, recognised directly in equity, contributions by and distributions to equity holders | ||||||||||
Final dividend for 2024: Cash | - | - | - | - | - | - | (10,964,752) | (10,964,752) | - | (10,964,752) |
Unclaimed dividend adjustments | - | - | - | - | - | 17,424 | - | 17,424 | - | 17,424 |
Total contributions by and distributions to equity holders | - | - | - | - | - | 17,424 | (10,964,752) | (10,947,328) | - | (10,947,328) |
Transfer to reserves during the period | - | 2,000 | 150,299 | - | - | - | (152,299) | - | - | - |
Balance as at 30th September 2025 | 48,741,119 | 8,360,000 | 1,810,769 | 5,113,185 | 7,092,922 | 80,028,347 | 33,162,074 | 184,308,416 | - | 184,308,416 |
Sampath Bank PLC - Confidential - Internal#
6
Sampath Bank PLC - Confidential - Internal#
STATEMENT OF CASH FLOWS
Bank Group
For the nine months ended 30th September | 2025 Rs 000 | 2024 Rs 000 | 2025 Rs 000 | 2024 Rs 000 |
Cash flows from operating activities | ||||
Interest receipts | 134,413,260 | 136,237,671 | 141,293,202 | 143,145,738 |
Interest payments | (72,258,304) | (85,981,536) | (75,864,190) | (89,529,031) |
Net commission receipts | 15,727,379 | 12,953,471 | 16,548,472 | 13,367,982 |
Cash payments to employees | (14,593,792) | (11,978,278) | (16,535,612) | (13,629,155) |
Taxes on financial services | (11,172,229) | (7,164,101) | (11,905,017) | (7,716,173) |
Receipts from other operating activities | 1,615,716 | 1,644,559 | 2,805,852 | 2,596,942 |
Cash payments to other operating activities | (14,831,838) | (13,346,989) | (15,760,039) | (14,046,503) |
Operating profit before changes in operating assets & liabilities | 38,900,192 | 32,364,797 | 40,582,668 | 34,189,800 |
(Increase)/decrease in operating assets | ||||
Balances with Central Bank of Sri Lanka | (649,436) | (7,245,025) | (649,436) | (7,245,025) |
Financial assets at amortised cost - loans & advances | (184,156,158) | (73,427,376) | (201,732,922) | (81,604,324) |
Other assets | 617,164 | 9,180,836 | 473,110 | 9,725,931 |
(184,188,430) | (71,491,565) | (201,909,248) | (79,123,418) | |
Increase/(decrease) in operating liabilities | ||||
Due to banks | 21,223,468 | 10,668,298 | 26,879,561 | 12,217,262 |
Re-purchase agreements | (783,134) | 7,776,274 | (783,134) | 8,026,397 |
Financial liabilities at amortised cost - due to depositors | 119,966,646 | 153,329,610 | 123,269,679 | 157,331,597 |
Financial liabilities at amortised cost - due to other borrowers | 362,179 | 6,580 | 362,179 | 6,580 |
Other liabilities | 9,967,215 | (5,267,450) | 10,367,092 | (4,702,423) |
150,736,374 | 166,513,312 | 160,095,377 | 172,879,413 | |
Net cash generated from/(used in) operating activities before income tax | 5,448,136 | 127,386,544 | (1,231,203) | 127,945,795 |
Income tax paid | (10,363,408) | (11,592,639) | (11,522,814) | (12,196,802) |
Net cash (used in)/generated from operating activities | (4,915,272) | 115,793,905 | (12,754,017) | 115,748,993 |
Cash flows from investing activities | ||||
Purchase of property, plant & equipment | (2,049,332) | (1,507,550) | (2,624,462) | (2,319,607) |
Proceeds from disposal of property, plant & equipment | 1,045 | 7,347 | 3,800 | 45,971 |
Net cash flow from reverse repurchase agreements | (2,885,000) | - | (4,592,651) | (3,121,607) |
Net cash flow from financial assets - FVPL | 4,131,879 | 962,317 | 4,131,879 | 1,006,788 |
Net cash flow from debt instruments at amortised cost | (176,809,196) | (12,069,045) | (172,440,053) | (10,222,045) |
Net cash flow from financial assets - FVOCI | 193,025,347 | (137,078,371) | 193,025,347 | (137,078,371) |
Purchase of intangible assets | (771,931) | (278,631) | (808,939) | (278,631) |
Dividend received from financial assets | 36,678 | - | 36,926 | 1,129 |
Net cash generated from/(used in) investing activities | 14,679,490 | (149,963,933) | 16,731,847 | (151,966,373) |
Cash flows from financing activities | ||||
Proceeds from the issue of debentures | 10,000,000 | - | 15,000,000 | 4,000,000 |
Redemption of debentures | - | (7,000,000) | - | (8,500,000) |
Net Proceeds from securitisation | - | - | - | (457,998) |
Dividend paid | (10,964,752) | (6,860,299) | (10,964,752) | (6,860,299) |
Repayment of principal portion of lease liabilities | (1,680,973) | (1,033,765) | (881,646) | (726,336) |
Net cash (used in)/generated from financing activities | (2,645,725) | (14,894,064) | 3,153,602 | (12,544,633) |
Net cash generated/(used) during the period | 7,118,493 | (49,064,092) | 7,131,432 | (48,762,013) |
Net foreign exchange difference | 1,668,571 | (4,867,781) | 1,668,571 | (4,867,781) |
Cash & cash equivalents at the beginning of the year | 71,672,859 | 113,001,014 | 71,640,027 | 112,814,749 |
Cash & cash equivalents at the end of the period | 80,459,923 | 59,069,141 | 80,440,030 | 59,184,955 |
7
NOTES TO THE FINANCIAL STATEMENTS
Bank | Group | |||
As at | 30th September 2025 Rs 000 | 31st December 2024 (Audited) Rs 000 | 30th September 2025 Rs 000 | 31st December 2024 (Audited) Rs 000 |
Gross loans & advances | 1,147,034,465 | 964,576,145 | 1,209,867,053 | 1,009,260,995 |
Less: Accumulated impairment under stage 1 | 15,236,978 | 9,810,450 | 15,494,494 | 9,885,943 |
Accumulated impairment under stage 2 | 10,225,963 | 15,131,439 | 10,867,295 | 15,910,717 |
Accumulated impairment under stage 3 | 75,125,226 | 79,482,646 | 76,530,096 | 81,513,854 |
Net loans & advances | 1,046,446,298 | 860,151,610 | 1,106,975,168 | 901,950,481 |
Product-wise loans and advances | ||||
Local currency | ||||
Bills of exchange | 189,737 | 84,400 | 189,737 | 84,400 |
Leasing | 47,965,584 | 28,404,717 | 85,710,425 | 61,021,594 |
Housing loans | 52,862,290 | 49,894,932 | 52,862,290 | 49,894,932 |
Export loans | 5,218,688 | 5,848,686 | 5,218,688 | 5,848,686 |
Import loans | 135,669,723 | 92,185,840 | 135,669,723 | 92,185,840 |
Refinance loans | 5,392,988 | 5,511,241 | 5,392,988 | 5,511,241 |
Term loans | ||||
Long term | 432,156,655 | 363,666,340 | 435,938,818 | 360,376,182 |
Short term | 5,275,927 | 11,260,393 | 8,567,810 | 14,456,257 |
Overdraft | 115,571,992 | 92,720,824 | 115,461,184 | 92,701,910 |
Staff loans | 13,500,131 | 11,896,324 | 13,692,235 | 12,064,511 |
Pawning and gold loans | 98,945,319 | 88,415,351 | 116,333,933 | 99,861,831 |
Credit cards | 21,616,214 | 21,410,705 | 21,616,142 | 21,410,686 |
Money market loans | 49,658,311 | 49,750,754 | 49,658,311 | 49,750,754 |
Factoring | 2,175,040 | 1,753,817 | 2,360,139 | 1,897,655 |
Others | 2,699 | 12,251 | 361,463 | 434,946 |
Sub total | 986,201,298 | 822,816,575 | 1,049,033,886 | 867,501,425 |
Foreign currency | ||||
Bills of exchange | 2,488,930 | 2,203,590 | 2,488,930 | 2,203,590 |
Housing loans | 136,663 | 186,870 | 136,663 | 186,870 |
Export loans | 24,856,464 | 23,795,689 | 24,856,464 | 23,795,689 |
Import loans | 9,545,258 | 10,416,519 | 9,545,258 | 10,416,519 |
Term loans | ||||
Long term | 116,358,803 | 85,790,311 | 116,358,803 | 85,790,311 |
Short term | 302,846 | 11,077,178 | 302,846 | 11,077,178 |
Overdraft | 7,037,321 | 8,286,012 | 7,037,321 | 8,286,012 |
Others | 106,882 | 3,401 | 106,882 | 3,401 |
Sub total | 160,833,167 | 141,759,570 | 160,833,167 | 141,759,570 |
Total gross loans and advances | 1,147,034,465 | 964,576,145 | 1,209,867,053 | 1,009,260,995 |
Analysis of Loans and Advances and Impairment
1.1
1.2
1.3 Movement of impairment during the period
Bank
Stage 1
Rs 000
Stage 2
Rs 000
Stage 3
Rs 000
Total
Rs 000
Balance as at 1st January 2025
9,810,450
15,131,439
79,482,646
104,424,535
Net charge/(reversal) for the period
5,393,138
(5,143,222)
2,006,264
2,256,180
Write-off during the period
-
-
(5,654,011)
(5,654,011)
Interest income accrued on impaired loans & advances
-
-
(3,181,392)
(3,181,392)
Other movements including exchange differences
33,390
237,746
2,471,719
2,742,855
Balance as at 30th September 2025
15,236,978
10,225,963
75,125,226
100,588,167
Group
Stage 1
Rs 000
Stage 2
Rs 000
Stage 3
Rs 000
Total
Rs 000
Balance as at 1st January 2025
9,885,943
15,910,717
81,513,854
107,310,514
Net charge/(reversal) for the period
5,575,161
(5,281,168)
1,806,478
2,100,471
Write-off during the period
-
-
(6,080,904)
(6,080,904)
Interest income accrued on impaired loans & advances
-
-
(3,181,662)
(3,181,662)
Other movements including exchange differences
33,390
237,746
2,472,330
2,743,466
Balance as at 30th September 2025
15,494,494
10,867,295
76,530,096
102,891,885
8
NOTES TO THE FINANCIAL STATEMENTS
Bank
Group
As at
30th September
2025
Rs 000
31st December
2024
(Audited) Rs 000
30th September
2025
Rs 000
31st December
2024
(Audited) Rs 000
Gross commitments and contingencies
Less: Accumulated impairment under stage 1
Accumulated impairment under stage 2 Accumulated impairment under stage 3
710,062,421
1,848,298
568,462
403,348
527,461,315
2,027,337
1,000,137
589,520
708,870,779
1,839,308
568,462
403,348
524,898,212
2,005,823
1,000,137
589,520
Net commitments and contingencies
707,242,313
523,844,321
706,059,661
521,302,732
Product-wise commitments and contingencies Local currency
Credit related commitments & contingencies
Undrawn - direct credit facilities Undrawn - indirect credit facilities Acceptances
Documentary credit Guarantees
Other commitments & contingencies
Capital commitments Operating lease commitments Forward exchange contracts Currency SWAPs
134,364,177
92,793,778
337,581
866,392
39,403,786
130,621,587
100,355,887
43,094
493,673
32,709,383
133,073,878
92,793,778
337,581
866,392
39,404,786
127,964,746
100,355,887
43,094
493,673
32,710,383
267,765,714
264,223,624
266,476,415
261,567,783
2,345,913
153,715
9,992,398
147,242,324
1,419,564
100,937
15,142,955
102,652,002
2,443,570
153,715
9,992,398
147,242,324
1,512,302
100,937
15,142,955
102,652,002
159,734,350
119,315,458
159,832,007
119,408,196
Sub total
427,500,064
383,539,082
426,308,422
380,975,979
Foreign currency
Credit related commitments & contingencies
Undrawn - direct credit facilities Undrawn - indirect credit facilities Acceptances
Documentary credit Guarantees
Other commitments & contingencies
Capital commitments Forward exchange contracts Currency SWAPs
33,287,763
18,666,176
29,398,547
85,178,949
4,559,364
31,818,805
7,311,473
16,722,320
25,226,514
6,765,517
33,287,763
18,666,176
29,398,547
85,178,949
4,559,364
31,818,805
7,311,473
16,722,320
25,226,514
6,765,517
171,090,799
87,844,629
171,090,799
87,844,629
632,945
50,709,285
60,129,328
532,448
36,552,533
18,992,623
632,945
50,709,285
60,129,328
532,448
36,552,533
18,992,623
111,471,558
56,077,604
111,471,558
56,077,604
Sub total
282,562,357
143,922,233
282,562,357
143,922,233
Total gross commitments and contingencies
710,062,421
527,461,315
708,870,779
524,898,212
Analysis of Commitments and Contingencies and Impairment
Movement of impairment during the period
Bank | Stage 1 Rs 000 | Stage 2 Rs 000 | Stage 3 Rs 000 | Total Rs 000 |
Balance as at 1st January 2025 Net reversal for the period Other movements including exchange differences | 2,027,337 (188,228) 9,189 | 1,000,137 (464,675) 33,000 | 589,520 (190,662) 4,490 | 3,616,994 (843,565) 46,679 |
Balance as at 30th September 2025 | 1,848,298 | 568,462 | 403,348 | 2,820,108 |
Group | Stage 1 Rs 000 | Stage 2 Rs 000 | Stage 3 Rs 000 | Total Rs 000 |
Balance as at 1st January 2025 Net reversal for the period Other movements including exchange differences | 2,005,823 (175,704) 9,189 | 1,000,137 (464,675) 33,000 | 589,520 (190,662) 4,490 | 3,595,480 (831,041) 46,679 |
Balance as at 30th September 2025 | 1,839,308 | 568,462 | 403,348 | 2,811,118 |
9
NOTES TO THE FINANCIAL STATEMENTS
3 | Analysis of Deposits |
Bank | Group | |||
As at | 30th September 2025 | 31st December 2024 | 30th September 2025 | 31st December 2024 |
(Audited) | (Audited) | |||
Rs 000 | Rs 000 | Rs 000 | Rs 000 | |
Local Currency Deposits | ||||
Demand deposits | 70,967,754 | 66,394,391 | 70,925,976 | 66,377,158 |
Saving deposits | 399,642,298 | 346,557,832 | 399,631,945 | 346,311,065 |
Call deposits | 3,472 | 3,472 | 3,472 | 3,472 |
Fixed deposits | 893,801,409 | 826,447,841 | 928,585,769 | 857,995,976 |
Certificates of deposits | 4,767,669 | 5,635,081 | 4,767,669 | 5,635,081 |
Margin deposits | 2,830,116 | 1,647,558 | 2,830,116 | 1,647,558 |
Total local currency deposits | 1,372,012,718 | 1,246,686,175 | 1,406,744,947 | 1,277,970,310 |
Foreign Currency Deposits | ||||
Demand deposits | 8,517,596 | 7,679,069 | 8,517,596 | 7,679,069 |
Saving deposits | 75,150,596 | 78,528,703 | 75,150,596 | 78,528,703 |
Fixed deposits | 131,412,792 | 122,794,214 | 131,412,792 | 122,794,214 |
Margin deposits | 134,878 | 176,255 | 134,878 | 176,255 |
Total foreign currency deposits | 215,215,862 | 209,178,241 | 215,215,862 | 209,178,241 |
Total deposits | 1,587,228,580 | 1,455,864,416 | 1,621,960,809 | 1,487,148,551 |
10
EXPLANATORY NOTES | |
1. | There are no changes to the accounting policies and methods of computation since the publication of the annual accounts for the year 2024. |
2. | The Group Financial Statements comprise a consolidation of the Bank and its fully owned subsidiaries, Sampath Centre Ltd, SC Securities (Pvt) Ltd, Siyapatha Finance PLC and Sampath Information Technology Solutions Ltd. |
3. | There are no material changes during the period in the composition of assets, liabilities and contingent liabilities. All known expenditure items have been provided for. |
4. | These interim Financial Statements are presented in accordance with Sri Lanka Accounting Standard - LKAS 34 (Interim Financial Reporting) and provide the information as required in terms of Rule 7.4 of the Colombo Stock Exchange. |
5. | Market Price of a Share | 2025 (Rs) | 2024 (Rs) |
Market Price as at 30th September | 145.25 | 77.70 | |
Highest Market Price during the quarter ended 30th September | 151.00 | 80.00 | |
Lowest Market Price during the quarter ended 30th September | 124.50 | 67.10 | |
Weighted Average Market Price during the quarter ended 30th September | 140.59 | 74.85 | |
Quoted shares and debentures of the Bank are only traded in Sri Lankan Rupees | |||
6. | Impairment of financial assets - Loans and advances |
As of 30th September 2025, the Bank conducted a comprehensive review of its loan portfolio, encompassing both Individually Significant Loans (ISL) and collective exposures. The assessment highlighted an improvement in overall credit quality, driven by strengthened repayment capacity among customers, supported by a favorable macroeconomic environment and a low interest rate environment. Despite these positive developments, the Bank continued to adopt a prudent approach by maintaining adequate impairment provisions, ensuring a thorough coverage of potential credit risks across the portfolio. |
7. | Events after the reporting period |
There are no material events that took place after the reporting date which require adjustment to or disclosure in the Financial Statements. |
8. | Utilisation of funds raised via capital markets |
The funds raised via capital markets in the first quarter of the current year and in previous years were fully utilised for the objectives stated in the relevant prospectuses. |
11
SAMPATH BANK PLC (ORDINARY SHARES) |
TOP 20 SHAREHOLDERS AS AT 30TH SEPTEMBER 2025 |
Name of the Shareholder | No. of shares | % holding |
1 | Vallibel One PLC | 175,352,762 | 14.95 |
2 | Phantom Investments (Pvt) Limited | 117,270,076 | 10.00 |
3 | Mr Y S H I Silva | 117,035,065 | 9.98 |
4 | Employees' Provident Fund | 116,948,697 | 9.97 |
5 | Rosewood (Pvt) Limited | 55,240,454 | 4.71 |
6 | Akbar Brothers Pvt Ltd A/C No.1 | 37,492,232 | 3.20 |
7 | Mr D P Pieris | 29,696,789 | 2.53 |
8 | Ayenka Holdings Private Limited | 29,086,633 | 2.48 |
9 | Mr W Jinadasa | 27,356,683 | 2.33 |
10 | Ms P A S Beruwalage | 12,869,629 | 1.10 |
11 | Mr N A Madanayake | 12,545,855 | 1.07 |
12 | Sampath Bank PLC Account No. 4 (Sampath Bank Pension Fund) | 11,832,461 | 1.01 |
13 | First Capital Holdings PLC | 9,985,725 | 0.85 |
14 | BBH - Tundra Sustainable Frontier Fund | 9,837,629 | 0.84 |
15 | BBH - Tundra Shikari Global | 9,164,000 | 0.78 |
16 | Janashakthi Insurance PLC - Shareholders | 7,500,000 | 0.64 |
17 | Mr S K Wijekoon | 7,396,242 | 0.63 |
18 | Employees' Trust Fund Board | 7,295,296 | 0.62 |
19 | Magna Wealth (Pvt) Ltd | 7,031,815 | 0.60 |
20 | Ranavav Holdings (Pvt) Ltd | 5,313,603 | 0.46 |
806,251,646 | 68.75 |
Shares held by Directors | 681,176 | 0.06 |
Balance held by other shareholders | 365,767,938 | 31.19 |
Total | 1,172,700,760 | 100.00 |
As at | 30th September 2025 |
Number of public shareholders | 37,352 |
Percentage of public holding | 98.86% |
Float adjusted market capitalization | Rs 168 Bn |
The Bank complies with the minimum public holding requirement under option 1 of Listing Rules Section 7.13.1 (i) (a).
12
No. of shares held | |
As at 30th September 2025 | As at 31st December 2024 |
Director's Name
1 | Mr Harsha Amarasekera | - | - |
2 | Mr Rushanka Silva | - | - |
3 | Mr D K de Silva Wijeyeratne | - | - |
4 | Ms A Nanayakkara | - | - |
5 | Mr Vajira Kulatilaka | - | - |
6 | Ms R K Jayawardena | - | - |
7 | Mr Vinod Hirdaramani | 668,087 | 668,087 |
8 | Mr Hiran Cabraal | - | - |
9 | Mr Roger Keith Modder | 6,941 | 6,941 |
10 | Mr Sanjaya Gunawardana (Managing Director/Chief Executive Officer) (Appointed w.e.f. 24th September 2025) | 6,148 | Not applicable |
11 | Mr D A de Vas Gunasekara (Chief Financial Officer) | - | - |
13
Segment Information - Group
For the nine months ended 30th September | Corporate Banking | SME & Retail Banking | Dealing/Investment | Others | (Eliminations)/Unallocated | Total | ||||||
2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | |
Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | |
Net interest income | 11,070,806 | 11,938,749 | 39,077,220 | 38,327,724 | 16,211,283 | 19,742,117 | 4,006,264 | 3,225,581 | (8,942,065) | (9,057,579) | 61,423,508 | 64,176,592 |
Net fee & commission income | 2,696,183 | 1,914,543 | 12,558,214 | 10,790,095 | (39,383) | (23,607) | 821,093 | 414,511 | 394,408 | 277,255 | 16,430,515 | 13,372,797 |
Net gain/(loss) from trading | - | - | - | - | 3,217,143 | (224,585) | - | 22,218 | - | - | 3,217,143 | (202,367) |
Net gain on derecognition of financial assets | - | - | - | - | 3,807,992 | 904,787 | - | 2,192 | - | - | 3,807,992 | 906,979 |
Net other operating income | 95,443 | 109,314 | 1,779,486 | 1,576,428 | (1,924,600) | 215,654 | 2,315,019 | 1,754,910 | 161,369 | (4,848,841) | 2,426,717 | (1,192,535) |
Total revenue from external customers | 13,862,432 | 13,962,606 | 53,414,920 | 50,694,247 | 21,272,435 | 20,614,366 | 7,142,376 | 5,419,412 | (8,386,288) | (13,629,165) | 87,305,875 | 77,061,466 |
Inter segment (expense)/income | (319,328) | (310,294) | 319,328 | 310,294 | - | - | - | - | - | - | - | - |
Total operating income | 13,543,104 | 13,652,312 | 53,734,248 | 51,004,541 | 21,272,435 | 20,614,366 | 7,142,376 | 5,419,412 | (8,386,288) | (13,629,165) | 87,305,875 | 77,061,466 |
Less: Impairment (reversal)/charge | (1,619,577) | 3,928,569 | 2,895,890 | 280,467 | 747,854 | 1,186,120 | (98,670) | (81,425) | 35,741 | 8,601 | 1,961,238 | 5,322,332 |
Net operating income | 15,162,681 | 9,723,743 | 50,838,358 | 50,724,074 | 20,524,581 | 19,428,246 | 7,241,046 | 5,500,837 | (8,422,029) | (13,637,766) | 85,344,637 | 71,739,134 |
Less: Total operating expenses | 888,223 | 694,388 | 20,099,938 | 16,192,752 | 341,150 | 282,037 | 3,762,204 | 2,983,980 | 11,256,663 | 10,335,724 | 36,348,178 | 30,488,881 |
Segment result | 14,274,458 | 9,029,355 | 30,738,420 | 34,531,322 | 20,183,431 | 19,146,209 | 3,478,842 | 2,516,857 | (19,678,692) | (23,973,490) | 48,996,459 | 41,250,253 |
Less: Taxes on financial services | 10,963,923 | 9,329,267 | ||||||||||
Less: Income tax expense | 14,883,648 | 12,830,726 | ||||||||||
Profit for the period | 23,148,888 | 19,090,260 | ||||||||||
Non controlling interest | - | - | ||||||||||
Profit attributable to equity holders of the Bank | 23,148,888 | 19,090,260 | ||||||||||
As at 30th September | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 |
Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | |
Segment assets | 560,319,103 | 402,325,225 | 1,628,665,784 | 1,417,702,914 | 796,680,777 | 750,538,906 | 88,894,880 | 64,852,054 | 128,721,759 | 100,936,657 | 3,203,282,303 | 2,736,355,756 |
Unallocated assets | - | - | - | - | - | - | - | - | (1,173,936,897) | (997,102,898) | (1,173,936,897) | (997,102,898) |
Total assets | 560,319,103 | 402,325,225 | 1,628,665,784 | 1,417,702,914 | 796,680,777 | 750,538,906 | 88,894,880 | 64,852,054 | (1,045,215,138) | (896,166,241) | 2,029,345,406 | 1,739,252,858 |
Segment liabilities | 546,900,188 | 392,994,313 | 1,602,340,165 | 1,390,081,225 | 775,886,942 | 726,638,486 | 71,733,981 | 49,826,752 | 17,988,704 | 3,525,559 | 3,014,849,980 | 2,563,066,335 |
Unallocated liabilities | - | - | - | - | - | - | - | - | (1,169,812,990) | (991,795,542) | (1,169,812,990) | (991,795,542) |
Total liabilities | 546,900,188 | 392,994,313 | 1,602,340,165 | 1,390,081,225 | 775,886,942 | 726,638,486 | 71,733,981 | 49,826,752 | (1,151,824,286) | (988,269,983) | 1,845,036,990 | 1,571,270,793 |
For the nine months ended 30th September | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 |
Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | Rs 000 | |
Cash flows from operating activities | (81,206,891) | (1,336,722) | 26,927,490 | 72,135,162 | 74,729,487 | 69,953,630 | (7,838,745) | (44,911) | (25,365,358) | (24,958,166) | (12,754,017) | 115,748,993 |
Cash flows from investing activities | - | - | - | - | 17,463,030 | (148,185,099) | 2,052,357 | (2,002,440) | (2,783,540) | (1,778,834) | 16,731,847 | (151,966,373) |
Cash flows from financing activities | - | - | - | - | - | - | 5,799,327 | 2,349,431 | (2,645,725) | (14,894,064) | 3,153,602 | (12,544,633) |
Capital expenditure | - | - | - | - | - | - | (612,138) | (812,057) | (2,821,263) | (1,786,181) | (3,433,401) | (2,598,238) |
14
ANALYSIS OF FINANCIAL INSTRUMENTS BY MEASUREMENT BASIS
Bank - As at 30th September 2025
Financial Assets | Fair value through Profit or Loss Rs 000 | Amortised Cost Rs 000 | Fair Value through Other Comprehensive Income Rs 000 | Total Rs 000 |
Cash & cash equivalents | - | 38,156,249 | - | 38,156,249 |
Balances with Central Bank of Sri Lanka | - | 17,023,419 | - | 17,023,419 |
Placements with banks | - | 66,093,351 | - | 66,093,351 |
Reverse repurchase agreements | - | 3,950,187 | - | 3,950,187 |
Derivative financial instruments | 839,591 | - | - | 839,591 |
Financial assets recognised through profit or loss - measured at fair value | 508,038 | - | - | 508,038 |
Financial assets at amortised cost | ||||
- loans & advances | - | 1,046,446,298 | - | 1,046,446,298 |
- debt & other instruments | - | 558,297,302 | - | 558,297,302 |
Financial assets - fair value through other comprehensive income | - | - | 166,580,929 | 166,580,929 |
Other assets | - | 11,504,669 | - | 11,504,669 |
Total Financial Assets | 1,347,629 | 1,741,471,475 | 166,580,929 | 1,909,400,033 |
Financial Liabilities | Fair value through Profit or Loss | Amortised Cost | Total |
Rs 000 | Rs 000 | Rs 000 | |
Due to banks | - | 44,674,151 | 44,674,151 |
Derivative financial instruments | 214,208 | - | 214,208 |
Securities sold under repurchase agreements | - | 39,623,032 | 39,623,032 |
Financial liabilities at amortised cost | |||
- due to depositors | - | 1,587,228,580 | 1,587,228,580 |
- due to other borrowers | - | 8,552,506 | 8,552,506 |
- due to debt securities holders | - | 28,657,446 | 28,657,446 |
Dividend payable | - | 414,141 | 414,141 |
Other liabilities | - | 40,796,199 | 40,796,199 |
Total Financial Liabilities | 214,208 | 1,749,946,055 | 1,750,160,263 |
Bank - As at 31st December 2024 (Audited)
Financial Assets | Fair value through Profit or Loss Rs 000 | Amortised Cost Rs 000 | Fair Value through Other Comprehensive Income Rs 000 | Total Rs 000 |
Cash & cash equivalents | - | 46,229,318 | - | 46,229,318 |
Balances with Central Bank of Sri Lanka | - | 16,373,983 | - | 16,373,983 |
Placements with banks | - | 26,452,245 | - | 26,452,245 |
Reverse repurchase agreements | - | 1,000,220 | - | 1,000,220 |
Derivative financial instruments | 507,054 | - | - | 507,054 |
Financial assets recognised through profit or loss - measured at fair value | 4,614,332 | - | - | 4,614,332 |
Financial assets at amortised cost | ||||
- loans & advances | - | 860,151,610 | - | 860,151,610 |
- debt & other instruments | - | 401,280,763 | - | 401,280,763 |
Financial assets - fair value through other comprehensive income | - | - | 367,782,512 | 367,782,512 |
Other assets | - | 12,571,604 | - | 12,571,604 |
Total Financial Assets | 5,121,386 | 1,364,059,743 | 367,782,512 | 1,736,963,641 |
Financial Liabilities | Fair value through Profit or Loss | Amortised Cost | Total |
Rs 000 | Rs 000 | Rs 000 | |
Due to banks | - | 23,259,811 | 23,259,811 |
Derivative financial instruments | 3,200,590 | - | 3,200,590 |
Securities sold under repurchase agreements | - | 40,312,784 | 40,312,784 |
Financial liabilities at amortised cost | |||
- due to depositors | - | 1,455,864,416 | 1,455,864,416 |
- due to other borrowers | - | 8,061,364 | 8,061,364 |
- due to debt securities holders | - | 18,891,500 | 18,891,500 |
Dividend payable | - | 298,695 | 298,695 |
Other liabilities | - | 30,918,520 | 30,918,520 |
Total Financial Liabilities | 3,200,590 | 1,577,607,090 | 1,580,807,680 |
15
ANALYSIS OF FINANCIAL INSTRUMENTS BY MEASUREMENT BASIS
Group - As at 30th September 2025
Financial Assets | Fair value through Profit or Loss Rs 000 | Amortised Cost Rs 000 | Fair Value through Other Comprehensive Income Rs 000 | Total Rs 000 |
Cash & cash equivalents | - | 38,490,632 | - | 38,490,632 |
Balances with Central Bank of Sri Lanka | - | 17,023,419 | - | 17,023,419 |
Placements with banks | - | 66,093,351 | - | 66,093,351 |
Reverse repurchase agreements | - | 11,265,962 | - | 11,265,962 |
Derivative financial instruments | 839,591 | - | - | 839,591 |
Financial assets recognised through profit or loss - measured at fair value | 508,038 | - | - | 508,038 |
Financial assets at amortised cost | ||||
- loans & advances | - | 1,106,975,168 | - | 1,106,975,168 |
- debt & other instruments | - | 558,352,908 | - | 558,352,908 |
Financial assets - fair value through other comprehensive income | - | - | 166,580,985 | 166,580,985 |
Other assets | - | 13,230,761 | - | 13,230,761 |
Total Financial Assets | 1,347,629 | 1,811,432,201 | 166,580,985 | 1,979,360,815 |
Financial Liabilities | Fair value through Profit or Loss | Amortised Cost | Total |
Rs 000 | Rs 000 | Rs 000 | |
Due to banks | - | 57,203,621 | 57,203,621 |
Derivative financial instruments | 214,208 | - | 214,208 |
Securities sold under repurchase agreements | - | 39,623,032 | 39,623,032 |
Financial liabilities at amortised cost | |||
- due to depositors | - | 1,621,960,809 | 1,621,960,809 |
- due to other borrowers | - | 8,552,506 | 8,552,506 |
- due to debt securities holders | - | 39,490,227 | 39,490,227 |
Dividend payable | - | 414,141 | 414,141 |
Other liabilities | - | 42,178,955 | 42,178,955 |
Total Financial Liabilities | 214,208 | 1,809,423,291 | 1,809,637,499 |
Group - As at 31st December 2024 (Audited)
Financial Assets | Fair value through Profit or Loss Rs 000 | Amortised Cost Rs 000 | Fair Value through Other Comprehensive Income Rs 000 | Total Rs 000 |
Cash & cash equivalents | - | 46,501,139 | - | 46,501,139 |
Balances with Central Bank of Sri Lanka | - | 16,373,983 | - | 16,373,983 |
Placements with banks | - | 26,452,245 | - | 26,452,245 |
Reverse repurchase agreements | - | 6,596,063 | - | 6,596,063 |
Derivative financial instruments | 507,054 | - | - | 507,054 |
Financial assets recognised through profit or loss - measured at fair value | 4,614,332 | - | - | 4,614,332 |
Financial assets at amortised cost | ||||
- loans & advances | - | 901,950,481 | - | 901,950,481 |
- debt & other instruments | - | 405,616,020 | - | 405,616,020 |
Financial assets - fair value through other comprehensive income | - | - | 367,782,568 | 367,782,568 |
Other assets | - | 14,358,414 | - | 14,358,414 |
Total Financial Assets | 5,121,386 | 1,417,848,345 | 367,782,568 | 1,790,752,299 |
Financial Liabilities | Fair value through Profit or Loss | Amortised Cost | Total |
Rs 000 | Rs 000 | Rs 000 | |
Due to banks | - | 30,067,815 | 30,067,815 |
Derivative financial instruments | 3,200,590 | - | 3,200,590 |
Securities sold under repurchase agreements | - | 40,312,784 | 40,312,784 |
Financial liabilities at amortised cost | |||
- due to depositors | - | 1,487,148,551 | 1,487,148,551 |
- due to other borrowers | - | 8,061,364 | 8,061,364 |
- due to debt securities holders | - | 24,741,652 | 24,741,652 |
Dividend payable | - | 298,695 | 298,695 |
Other liabilities | - | 31,040,787 | 31,040,787 |
Total Financial Liabilities | 3,200,590 | 1,621,671,648 | 1,624,872,238 |
16
FAIR VALUE OF FINANCIAL INSTRUMENTS
All financial assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy, as described below.
Level 1 - Quoted market price (unadjusted)
When available, the Bank measures the fair value of financial instruments using quoted market prices in an active market. Accordingly, quoted equity securities have been valued using quoted market prices as at the reporting date, while the fair values of treasury bills and bonds have been derived using the published yield curves. The Bank uses the prices quoted in Bloomberg to value the US Treasuries.
Level 2 - Valuation technique using observable inputs
If a market for a financial instrument is not active, then the Bank measures fair value of such instruments using quoted prices for similar assets and liabilities in active markets or quoted prices for identical/similar assets and liabilities in inactive markets or using models where all significant inputs are observable. The Bank has used the spot and forward premiums available as at the reporting date to estimate the fair value of derivative financial instruments. Fair values of financial assets and financial liabilities carried at amortised cost have been estimated by comparing the interest rates when they were first recognised with the current market rates of similar instruments.
Level 3 - Valuation technique with significant unobservable inputs
Assets and liabilities valued using valuation techniques where one or more significant inputs are unobservable.
There are no material changes in the fair value of financial assets categorised under Level 3, compared to the values reported as at 31st December 2024. The Bank has not changed the valuation models and assumptions used to measure the fair values of Level 3 financial instruments during the period ended 30th September 2025.
Date of Valuation | As at 30th September 2025 | As at 31st December 2024 (Audited) | ||||||
Fair Value Measurement Using | Total Rs 000 | Fair Value Measurement Using | Total Rs 000 | |||||
Quoted Prices in Active Markets (Level 1) Rs 000 | Significant Observable Inputs (Level 2) Rs 000 | Significant Unobservable Inputs (Level 3) Rs 000 | Quoted Prices in Active Markets (Level 1) Rs 000 | Significant Observable Inputs (Level 2) Rs 000 | Significant Unobservable Inputs (Level 3) Rs 000 | |||
Financial assets measured at fair value | ||||||||
Derivative financial instruments | - | 839,591 | - | 839,591 | - | 507,054 | - | 507,054 |
Financial assets - fair value through profit or loss | 508,038 | - | - | 508,038 | 4,614,332 | - | - | 4,614,332 |
Financial assets - fair value through other comprehensive income | 166,377,114 | - | 203,815 | 166,580,929 | 367,578,758 | - | 203,754 | 367,782,512 |
Total financial assets measured at fair value | 166,885,152 | 839,591 | 203,815 | 167,928,558 | 372,193,090 | 507,054 | 203,754 | 372,903,898 |
Financial liabilities measured at fair value Derivative financial instruments | - | 214,208 | - | 214,208 | - | 3,200,590 | - | 3,200,590 |
Total financial liabilities measured at fair value | - | 214,208 | - | 214,208 | - | 3,200,590 | - | 3,200,590 |
Financial Assets & Liabilities Measured at Fair Value - Fair Value Hierarchy Bank
Group
Date of Valuation | As at 30th September 2025 | As at 31st December 2024 (Audited) | ||||||
Fair Value Measurement Using | Total Rs 000 | Fair Value Measurement Using | Total Rs 000 | |||||
Quoted Prices in Active Markets (Level 1) Rs 000 | Significant Observable Inputs (Level 2) Rs 000 | Significant Unobservable Inputs (Level 3) Rs 000 | Quoted Prices in Active Markets (Level 1) Rs 000 | Significant Observable Inputs (Level 2) Rs 000 | Significant Unobservable Inputs (Level 3) Rs 000 | |||
Financial assets measured at fair value Derivative financial instruments Financial assets - fair value through profit or loss Financial assets - fair value through other comprehensive income | -508,038 166,377,114 | 839,591 - - | - -203,871 | 839,591 508,038 166,580,985 | -4,614,332 367,578,758 | 507,054 - - | - -203,810 | 507,054 4,614,332 367,782,568 |
Total financial assets measured at fair value | 166,885,152 | 839,591 | 203,871 | 167,928,614 | 372,193,090 | 507,054 | 203,810 | 372,903,954 |
Financial liabilities measured at fair value Derivative financial instruments | - | 214,208 | - | 214,208 | - | 3,200,590 | - | 3,200,590 |
Total financial liabilities measured at fair value | - | 214,208 | - | 214,208 | - | 3,200,590 | - | 3,200,590 |
17
FAIR VALUE OF FINANCIAL INSTRUMENTS (Contd…)
Date of Valuation | As at 30th September 2025 | As at 31st December 2024 (Audited) | ||||||||
Fair Value | Carrying Value Rs 000 | Fair Value | Carrying Value Rs 000 | |||||||
Level 1 Rs 000 | Level 2 Rs 000 | Level 3 Rs 000 | Total Rs 000 | Level 1 Rs 000 | Level 2 Rs 000 | Level 3 Rs 000 | Total Rs 000 | |||
Financial Assets | ||||||||||
Financial assets at amortised cost | ||||||||||
loans & advances | - | 1,048,434,101 | - | 1,048,434,101 | 1,046,446,298 | - | 862,032,418 | - | 862,032,418 | 860,151,610 |
debt & other instruments | 520,147,062 | 41,908,105 | - | 562,055,167 | 558,297,302 | 354,429,078 | 53,244,486 | - | 407,673,564 | 401,280,763 |
520,147,062 | 1,090,342,206 | - | 1,610,489,268 | 1,604,743,600 | 354,429,078 | 915,276,904 | - | 1,269,705,982 | 1,261,432,373 | |
Financial Liabilities | ||||||||||
Financial liabilities at amortised cost | ||||||||||
due to banks | - | 44,749,102 | - | 44,749,102 | 44,674,151 | - | 23,259,811 | - | 23,259,811 | 23,259,811 |
due to depositors - fixed & certificate of deposits | - | 1,038,342,491 | - | 1,038,342,491 | 1,029,981,870 | - | 961,296,733 | - | 961,296,733 | 954,877,136 |
due to debt securities holders | - | 33,033,992 | - | 33,033,992 | 28,657,446 | - | 23,059,835 | - | 23,059,835 | 18,891,500 |
- | 1,116,125,585 | - | 1,116,125,585 | 1,103,313,467 | - | 1,007,616,379 | - | 1,007,616,379 | 997,028,447 | |
Fair Value of Financial Assets and Liabilities Carried at Amortised Cost Bank
Group
Date of Valuation | As at 30th September 2025 | As at 31st December 2024 (Audited) | ||||||||
Fair Value | Carrying Value Rs 000 | Fair Value | Carrying Value Rs 000 | |||||||
Level 1 Rs 000 | Level 2 Rs 000 | Level 3 Rs 000 | Total Rs 000 | Level 1 Rs 000 | Level 2 Rs 000 | Level 3 Rs 000 | Total Rs 000 | |||
Financial Assets | ||||||||||
Financial assets at amortised cost | ||||||||||
loans & advances | - | 1,110,570,009 | - | 1,110,570,009 | 1,106,975,168 | - | 907,820,422 | - | 907,820,422 | 901,950,481 |
debt & other instruments | 520,202,668 | 41,908,105 | - | 562,110,773 | 558,352,908 | 358,764,335 | 53,244,486 | - | 412,008,821 | 405,616,020 |
520,202,668 | 1,152,478,114 | - | 1,672,680,782 | 1,665,328,076 | 358,764,335 | 961,064,908 | - | 1,319,829,243 | 1,307,566,501 | |
Financial Liabilities | ||||||||||
Financial liabilities at amortised cost | ||||||||||
due to banks | - | 57,437,112 | - | 57,437,112 | 57,203,621 | - | 30,160,890 | - | 30,160,890 | 30,067,815 |
due to depositors - fixed & certificate of deposits | - | 1,073,893,063 | - | 1,073,893,063 | 1,064,766,230 | - | 992,738,798 | - | 992,738,798 | 986,425,271 |
due to debt securities holders | - | 44,080,527 | - | 44,080,527 | 39,490,227 | - | 28,863,197 | - | 28,863,197 | 24,741,652 |
- | 1,175,410,702 | - | 1,175,410,702 | 1,161,460,078 | - | 1,051,762,885 | - | 1,051,762,885 | 1,041,234,738 | |
Treasury bonds acquired in settlement of SLDBs under the Domestic Debt Optimisation Program (DDO) in 2023 and treasury bonds received in settlement of Sri Lanka International Sovereign Bonds in 2024 have been classified under level 2 since there is no active market for such bonds.
The following table lists those financial instruments for which their carrying amounts are a reasonable approximation of fair values because, for example, they are short term in nature or re-priced to current market rates frequently.
Assets | Liabilities |
Cash & cash equivalents | Securities sold under repurchase agreements |
Balances with Central Bank of Sri Lanka | Savings, demand, call & margin deposits |
Placements with banks | Due to other borrowers |
Reverse repurchase agreements | Dividend payable |
Other financial assets | Other financial liabilities |
18
DEBENTURE INFORMATION
(a) | Market Values | ||||||
Debentures - 2021/2028 | Highest (Rs) | Lowest (Rs) | Quarter End (Rs) | ||||
2025 | 2024 | 2025 | 2024 | 2025 | 2024 | ||
Fixed - 9.00% | N/T | N/T | N/T | N/T | N/T | N/T | |
Debentures - 2023/2028 | Highest (Rs) | Lowest (Rs) | Quarter End (Rs) | |||
2025 | 2024 | 2025 | 2024 | 2025 | 2024 | |
Fixed - 28.00% | 135.49 | 135.00 | 135.49 | 135.00 | 135.49 | 135.00 |
Floating rate | N/T | N/T | N/T | N/T | N/T | N/T |
Debentures - 2025/2030 | Highest (Rs) | Lowest (Rs) | Quarter End (Rs) | |||
2025 | 2024 | 2025 | 2024 | 2025 | 2024 | |
Fixed - 11.75% | N/T | N/A | N/T | N/A | N/T | N/A |
(b) | Interest Rates |
Debentures - 2021/2028 | 2025 | 2024 | ||
Coupon rate | Effective rate | Coupon rate | Effective rate | |
Fixed - 9.00% | 9.00% | 9.00% | 9.00% | 9.00% |
Debentures - 2023/2028 | 2025 | 2024 | ||
Coupon rate | Effective rate | Coupon rate | Effective rate | |
Fixed - 28.00% | 28.00% | 28.00% | 28.00% | 28.00% |
Floating rate | Note 01 | |||
Debentures - 2025/2030 | 2025 | 2024 | ||
Coupon rate | Effective rate | Coupon rate | Effective rate | |
Fixed - 11.75% | 11.75% | 11.75% | N/A | N/A |
Note 01 |
Debentures - 2023/2028 |
Floating rate is equivalent to the one year gross treasury bill rate plus 1.5%, subject to a floor of 20.0% & a cap of 31.0% p.a. payable annually. |
(c) | Interest Rates of Comparable Government Securities |
2025 | 2024 | |
3 Month Treasury Bill | 7.57% | 10.49% |
6 Month Treasury Bill | 7.89% | 10.72% |
5 Year Treasury Bond | 9.62% | 12.73% |
7 Year Treasury Bond | 10.50% | 13.03% |
(d) | Current Yield & Yield to Maturity |
Debentures - 2021/2028 | Fixed | |
9.00% | ||
2025 | 2024 | |
Current yield | N/T | N/T |
Yield to maturity of last trade | N/T | N/T |
Debentures - 2023/2028 | Fixed | Floating | ||
28.00% | ||||
2025 | 2024 | 2025 | 2024 | |
Current yield | 20.67% | 20.74% | N/T | N/T |
Yield to maturity of last trade | 11.02% | 14.29% | N/T | N/T |
Debentures - 2025/2030 | Fixed | |
11.75% | ||
2025 | 2024 | |
Current yield | N/T | N/A |
Yield to maturity of last trade | N/T | N/A |
N/T - Not Traded , N/A - Not Applicable
(e) | Ratios - Bank | ||
30.09.2025 | 31.12.2024 | ||
Debt to Equity Ratio (%) | 15.2 | 9.6 | |
Interest Cover (Times) | 15.6 | 18.1 | |
Quick Asset Ratio (%) (as per CBSL Return) | 84.4 | 83.9 |
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SELECTED PERFORMANCE INDICATORS/KEY FINANCIAL DATA (AS PER REGULATORY REPORTING)
Item | As at | As at | As at | As at |
30th September 2025 | 31st December 2024 | 30th September 2025 | 31st December 2024 | |
Bank | Group | |||
Regulatory Capital Adequacy (Rs 000) | ||||
Common Equity Tier 1 Capital | 130,245,379 | 131,766,084 | 141,089,599 | 142,561,898 |
Tier 1 Capital | 130,245,379 | 131,766,084 | 141,089,599 | 142,561,898 |
Total Regulatory Capital | 159,413,812 | 152,522,320 | 170,937,240 | 163,818,916 |
Regulatory Capital Ratios (%) | ||||
Common Equity Tier 1 Capital Ratio | 14.06 | 16.75 | 14.27 | 17.10 |
(Minimum Requirement: 2025 - 8.0%, 2024 - 7.0%) | ||||
Tier 1 Capital Ratio | 14.06 | 16.75 | 14.27 | 17.10 |
(Minimum Requirement: 2025 - 9.5%, 2024 - 8.5%) | ||||
Total Capital Ratio | 17.21 | 19.38 | 17.29 | 19.65 |
(Minimum Requirement: 2025 - 13.5%, 2024 - 12.5%) | ||||
Basel III Leverage Ratio % (Minimum Requirement - 3%) | 6.47 | 7.24 | 6.74 | 7.58 |
As at | As at | |
30th September 2025 | 31st December 2024 | |
Bank | ||
Regulatory Liquidity Requirement Liquidity Coverage Ratio (%) - Rupee (Minimum Requirement - 100%) | 334.28 | 340.11 |
Liquidity Coverage Ratio (%) - All Currency (Minimum Requirement - 100%) | 249.01 | 307.36 |
Net Stable Funding Ratio (%) (Minimum Requirement - 100%) Assets Quality (Quality of Loan Portfolio) | 181.22 | 198.66 |
Impaired Loans (Stage 3) to Total Loans Ratio % | 3.77 | 4.69 |
Impairment (Stage 3) to Stage 3 Loans Ratio (%) | 60.25 | 60.08 |
Income & Profitability | ||
Net Interest Margin, % | 4.09 | 4.90 |
Return on Assets (Before Tax), % | 2.52 | 2.84 |
Return on Equity (After Tax), % | 17.24 | 17.74 |
Cost to Income Ratio (%) | 41.35 | 44.95 |
Memorandum Information | ||
Credit Rating - Fitch | AA- (lka) | AA- (lka) |
Number of Employees | 4,733 | 4,428 |
Number of Branches | 229 | 229 |
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