SAMPATH BANK PLC
Interim Financial Statements
for the period ended 31st March 2026 (In terms of Rule 7.4 of the Colombo Stock Exchange) Financial Performance
Sampath Bank reported Total Operating Income of Rs 28.5 Bn for the quarter ended 31st March 2026, supported by steady growth in Net Interest Income (up 5%) and Net Fee and Commission Income (up 28%) year-on-year. Notwithstanding this performance, Profit After Tax (PAT) declined by 26% to Rs 6.2 Bn, due to significantly higher impairment provisions of Rs 4.5 Bn recognised in response to the continued expansion of the loan book and taking into account the evolving geopolitical conditions. Additionally, one-off gains from the disposal of Treasury Bills and Bonds moderated to Rs 0.7 Bn in 2026, a decrease of Rs 2.0 Bn compared to the elevated levels recorded in the previous year.
The Bank's total asset base crossed the Rs 2 Tn milestone for the first time, representing a significant achievement supported by strong loan growth of Rs 127 Bn in the first quarter of 2026.
The Sampath Group delivered a Profit Before Tax (PBT) of Rs 9.4 Bn and a Profit After Tax of Rs 6.8 Bn for the quarter ended 31st March 2026.
Fund Based IncomeThe Bank reported total interest income of Rs 46.5 Bn, reflecting year-on-year growth of 6%. This increase was primarily driven by the expansion of the loan portfolio during the reporting period and in the latter part of the previous year, compared to the negative loan growth recorded in the corresponding period of the previous year, as well as an upward movement in the Average Weighted Prime Lending Rate (AWPLR).
Interest expense for the quarter also increased by 6% to Rs 26.4 Bn, reflecting growth in both deposit and borrowing portfolios. As a result, Net Interest Income (NII) stood at Rs 20.1 Bn, an increase of 5% compared to the corresponding quarter of the previous year.
The Net Interest Margin (NIM) contracted marginally by 2 basis points to 4.09%, from 4.11% reported for 2025. This decline was primarily attributable to lower yields across the Bank's investment portfolio, reflecting reduced rates in the Government Securities portfolio compared to the previous period.
Non-Fund Based IncomeDuring the three-month period ended 31st March 2026, the Bank's total non-fund based income declined marginally by 4% to Rs 8.3 Bn, mainly due to a decrease in capital gains from the sale of Treasury bills and bonds. Capital gains declined from Rs 2.7 Bn in 1Q 2025 to Rs 0.7 Bn in 1Q 2026, representing a year-on-year decline of 75%.
Net fee and commission income, driven by credit expansion, higher trade volumes and increased card usage, recorded a robust growth of 28% across all income channels, reaching Rs 6.1 Bn by the end of the quarter.
The Bank recorded a total exchange gain of Rs 1.5 Bn during the first quarter of 2026, reflecting a year-on-year increase of 24%. This increase was primarily attributable to the depreciation of the Sri Lankan Rupee against the USD by Rs 5.52 during the quarter.
In the first quarter of 2026, the Bank reported a total impairment charge of Rs 4.5 Bn, reflecting an increase of Rs 4.6 Bn when compared to the reversal of Rs 0.2 Bn reported in the previous period.
Impairment charge on loans and advances
The Bank recorded an impairment charge of Rs 4.1 Bn on loans and advances, compared to a reversal of Rs 0.1 Bn reported in 1Q 2025, driven by significant (10.4%) expansion of the loan portfolio and the resultant collective impairment requirements. Even though this growth has resulted in higher provisioning requirements, it is expected to generate net positive results during the current financial year.
Furthermore, the Bank continued its policy of conservative provisioning and an additional overlay allowance of Rs 1.5 Bn was recognised as a prudential measure in response to heightened geopolitical uncertainties. This forward-looking approach reflects the Bank's commitment to prudent credit risk management, ensuring adequate buffers and resilience against potential adverse developments in the operating environment and the broader global landscape.
The Bank also conducted a comprehensive review of its ISL customers, allocating prudent provisions in its Financial Statements based on each customer's unique credit risk profile. This targeted assessment reinforces the Bank's disciplined risk management practices and its focus on maintaining financial stability in a challenging global context.
Impairment charge on other financial instruments
An impairment charge of Rs 0.4 Bn was recognised against other financial instruments during 1Q 2026, primarily due to new investments made during the quarter.
Operating ExpensesDuring the quarter, operating expenses increased by 19% year-on-year, driven primarily by costs related to the rollout of new strategic initiatives. The increase was mainly attributable to salary enhancements granted in 2025, the expansion of the cadre to undertake new initiatives and support business growth, and higher investments in technology. These strategic long-term investments are expected to deliver enhanced income in the coming years.
As growth in operating expenses outpaced the improvement in operating income, primarily due to the decline in one-off disposal gains recorded in 2025, the Bank's cost-to-income ratio (CIR) deteriorated by 620 basis points, increasing from 38.8% in 1Q 2025 to 45.0% in 1Q 2026.
TaxationThe total tax expense for the period amounted to Rs 5.0 Bn, representing a year-on-year decline of 43%, mainly attributable to lower profits and the finalization of prior period tax assessments.
Key RatiosThe Return on Average Shareholders' Equity (after tax) stood at 14.05% as at 31st March 2026, compared to 17.93% as at 31st December 2025. Similarly, the Return on Average Assets (before tax) declined to 1.68% from 2.60% reported as at 31st December 2025.
The Bank maintained all capital ratios well above the regulatory minimum requirements. As at 31st March 2026, the CET 1, Tier 1 and Total Capital ratios stood at 13.17%, 13.17% and 15.79%, respectively, compared to 14.75%, 14.75%, and 17.65% as at year end 2025. The decline in capital ratios was primarily due to the increase in risk-weighted assets arising from substantial loan growth during the quarter.
Liquidity levels remained robust, with the All-currency Liquidity Coverage Ratio (LCR) at 187.87% and the Net Stable Funding Ratio (NSFR) at 161.30% as at 31st March 2026, both comfortably above the regulatory minimum requirement of 100%.
The recognition of profit for capital purposes under Basel III following audit certification, together with the proposed Tier II debenture issue, is expected to further strengthen the Bank's capital position during the remainder of the year.
AssetsDuring the reporting period total assets grew by 6%, reflecting an annualized growth of 24%, to Rs 2.1 Tn as at 31st March 2026, supported by the expansion of the loan portfolio. Gross loans increased by Rs 127.5 Bn, from Rs 1,223.6 Bn at end-2025 to Rs 1,351.1 Bn. This growth was primarily driven by a Rs 105 Bn increase in LKR-denominated loans, while FCY loans recorded a modest increase of Rs 22 Bn during the period.
LiabilitiesThe Bank's total liabilities increased by 7% since year end 2025, reflecting an annualized growth rate of 28%, to Rs 1.92 Tn as at 31st March 2026. This growth was primarily driven by the expansion of the deposit portfolio. Deposits increased by Rs 69 Bn from Rs 1.65 Tn at year end 2025 to Rs 1.72 Tn as at 31st March 2026. The increase was mainly driven by
LKR-denominated deposits, which contributed Rs 49 Bn, while foreign currency deposits increased by Rs 20 Bn.
DividendAt the Annual General Meeting held on 30th March 2026, the shareholders of Sampath Bank approved a first and final cash dividend of Rs 10.30 per share for the financial year 2025. The Bank consequently recognised a provision of Rs 12.1 Bn in the 1Q 2026 Financial Statements to facilitate the payment of the approved final dividend to shareholders.
Commitment to Stakeholder Well-beingReinforcing its environmental leadership, Sampath Bank became the first Sri Lankan bank to obtain ISO 14001:2015 certification across its Head Office and branch network. It also deepened its commitment to responsible business by joining the UN Global Compact Sri Lanka as a Patron on Diversity & Inclusion and Water & Ocean Stewardship, while partnering with NCPC Sri Lanka to raise awareness among Corporate and SME clients on low-carbon transition and sustainable business models.
The Bank continues to advance its sustainability agenda through its infrastructure rejuvenation programme, "Wewata Jeewayak", marked by the completion of its 40th tank restoration, providing significant support for agricultural and community development in Sri Lanka. This initiative, together with the Bank's ongoing programmes in coral restoration, turtle conservation, reforestation, mangrove restoration and other environmental and community projects, establishes Sampath Bank as a key contributor to environmental and social
sustainability in the country.
As part of its ocean plastic reduction efforts, a Material Recovery Facility (MRF) established in Batheegama, Dickwella, in partnership with an organisation with aligned sustainability objectives, was officially handed over to the community.
Sampath Bank advanced its sustainability agenda during the period, strengthening sustainable finance, climate governance and operational performance. The Bank expanded ESG-linked credit screening in line with global best practices and successfully implemented SLFRS S1 and S2 under its Climate First Action Plan, enhancing climate-related governance, risk management and reporting.
As part of its contribution to green finance, Sampath Bank launched a Green Fixed Deposit supported by a comprehensive Green Deposit Framework, which obtained independent limited assurance at the pre-issuance stage, thereby enhancing credibility and stakeholder confidence.
For the three months ended 31st March | Bank | Group | ||||
2026 | 2025 | Change | 2026 | 2025 | Change | |
Rs 000 | Rs 000 | % | Rs 000 | Rs 000 | % | |
Gross income | 56,681,396 | 54,141,683 | 5 | 60,772,305 | 57,095,534 | 6 |
Interest income | 46,491,439 | 44,018,601 | 6 | 49,946,008 | 46,490,578 | 7 |
Less: Interest expense | 26,355,092 | 24,893,378 | 6 | 28,110,350 | 26,031,463 | 8 |
Net interest income | 20,136,347 | 19,125,223 | 5 | 21,835,658 | 20,459,115 | 7 |
Fee & commission income | 7,926,794 | 6,163,281 | 29 | 8,288,662 | 6,398,587 | 30 |
Less: Fee & commission expense | 1,857,686 | 1,424,818 | 30 | 1,859,775 | 1,425,308 | 30 |
Net fee & commission income | 6,069,108 | 4,738,463 | 28 | 6,428,887 | 4,973,279 | 29 |
Net gain from trading | 260,762 | 2,879,548 | (91) | 260,762 | 2,879,548 | (91) |
Net gain on derecognition of financial assets | ||||||
- at fair value through profit or loss | 42,281 | 54,822 | (23) | 42,281 | 54,822 | (23) |
- at fair value through other comprehensive income | 642,126 | 2,666,638 | (76) | 642,126 | 2,666,638 | (76) |
Net other operating income | 1,317,994 | (1,641,207) | 180 | 1,592,466 | (1,394,639) | 214 |
Total other income | 2,263,163 | 3,959,801 | (43) | 2,537,635 | 4,206,369 | (40) |
Total operating income | 28,468,618 | 27,823,487 | 2 | 30,802,180 | 29,638,763 | 4 |
Less: Impairment charge/(reversal) | 4,479,167 | (158,718) | 2,922 | 4,363,802 | (312,291) | 1,497 |
Net operating income | 23,989,451 | 27,982,205 | (14) | 26,438,378 | 29,951,054 | (12) |
Less: Operating expenses | ||||||
Personnel expenses | 5,410,046 | 5,048,648 | 7 | 6,217,234 | 5,693,823 | 9 |
Depreciation & amortisation expenses | 1,379,735 | 1,065,743 | 29 | 1,248,621 | 909,676 | 37 |
Other operating expenses | 6,019,529 | 4,678,803 | 29 | 6,434,516 | 5,032,326 | 28 |
Total operating expenses | 12,809,310 | 10,793,194 | 19 | 13,900,371 | 11,635,825 | 19 |
Operating profit before taxes on financial services | 11,180,141 | 17,189,011 | (35) | 12,538,007 | 18,315,229 | (32) |
Less : Taxes on financial services | ||||||
Value added tax | 2,477,658 | 3,305,747 | (25) | 2,732,830 | 3,506,332 | (22) |
Social security contribution levy | 344,119 | 459,131 | (25) | 379,560 | 486,990 | (22) |
Total taxes on financial services | 2,821,777 | 3,764,878 | (25) | 3,112,390 | 3,993,322 | (22) |
Profit before income tax | 8,358,364 | 13,424,133 | (38) | 9,425,617 | 14,321,907 | (34) |
Less: Income tax expense | 2,181,268 | 5,082,179 | (57) | 2,595,772 | 5,397,169 | (52) |
Profit for the period | 6,177,096 | 8,341,954 | (26) | 6,829,845 | 8,924,738 | (23) |
Attributable to: | ||||||
Equity holders of the Bank | 6,177,096 | 8,341,954 | (26) | 6,829,845 | 8,924,738 | (23) |
Non-controlling interest | - | - | - | |||
6,177,096 | 8,341,954 | (26) | 6,829,845 | 8,924,738 | (23) | |
Earnings per share : Basic/Diluted (Rs)
7.11 (26)
7.61 (23)
5.27
5.82
1
For the three months ended 31st March | Bank | Group | ||||
2026 | 2025 | Change | 2026 | 2025 | Change | |
Rs 000 | Rs 000 | % | Rs 000 | Rs 000 | % | |
Profit for the period | 6,177,096 | 8,341,954 | (26) | 6,829,845 | 8,924,738 | (23) |
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 | (1,550,656) | (1,507,944) | (3) | (1,550,656) | (1,507,944) | (3) |
Reclassification to profit or loss due to derecognition | (642,126) | (2,666,638) | 76 | (642,126) | (2,666,638) | 76 |
Changes in impairment recycled to profit or loss | 72,633 | 212,167 | (66) | 72,633 | 212,167 | (66) |
Deferred tax effect on the above | 636,045 | 1,188,724 | (46) | 636,045 | 1,188,724 | (46) |
Net other comprehensive income to be reclassified to profit or loss | (1,484,104) | (2,773,691) | 46 | (1,484,104) | (2,773,691) | 46 |
Items that will not be reclassified to profit or loss: | ||||||
Equity instruments at fair value through other comprehensive income: | ||||||
Gain arising on re-measurement | 282,122 | - | 100 | 282,122 | - | 100 |
Exchange gain/(loss) in translation | 36,836 | (8,828) | 517 | 36,836 | (8,828) | 517 |
Deferred tax effect on the above | (95,687) | 2,648 | (3,714) | (95,687) | 2,648 | (3,714) |
Net other comprehensive income not to be reclassified to profit or loss | 223,271 | (6,180) | 3,713 | 223,271 | (6,180) | 3,713 |
Other comprehensive income net of tax | (1,260,833) | (2,779,871) | 55 | (1,260,833) | (2,779,871) | 55 |
Total comprehensive income for the period net of tax | 4,916,263 | 5,562,083 | (12) | 5,569,012 | 6,144,867 | (9) |
Attributable to: | 4,916,263 | |||||
Equity holders of the Bank | 5,562,083 | (12) | 5,569,012 | 6,144,867 | (9) | |
Non-controlling interest | - | - | - | |||
4,916,263 | 5,562,083 | (12) | 5,569,012 | 6,144,867 | (9) | |
2
As at | 31st March 2026 Rs 000 | 31st December 2025 (Audited) Rs 000 | Change % | 31st March 2026 Rs 000 | 31st December 2025 (Audited) Rs 000 | Change % |
ASSETS | ||||||
Cash & cash equivalents | 46,837,567 | 62,018,008 | (24) | 48,334,184 | 62,563,988 | (23) |
Balances with Central Bank of Sri Lanka | 24,280,359 | 21,835,192 | 11 | 24,280,359 | 21,835,192 | 11 |
Placements with banks | 24,792,341 | 39,223,825 | (37) | 24,792,341 | 39,223,825 | (37) |
Reverse repurchase agreements | - | 44,282 | (100) | 10,794,506 | 7,085,229 | 52 |
Derivative financial instruments | 2,900,391 | 2,468,488 | 17 | 2,900,391 | 2,468,488 | 17 |
Financial assets recognised through profit or loss - measured at fair value | 255,392 | 403,260 | (37) | 255,392 | 403,260 | (37) |
Financial assets at amortised cost | ||||||
- loans & advances | 1,251,261,192 | 1,127,776,792 | 11 | 1,329,612,785 | 1,195,918,062 | 11 |
- debt & other instruments | 474,655,183 | 523,176,568 | (9) | 474,713,017 | 523,233,300 | (9) |
Financial assets - fair value through other comprehensive income | 206,555,488 | 148,256,497 | 39 | 206,555,544 | 148,256,553 | 39 |
Investment in subsidiaries | 4,238,934 | 4,226,113 | - | - | - | - |
Property, plant & equipment | 15,784,439 | 15,187,778 | 4 | 28,949,150 | 28,273,996 | 2 |
Intangible assets | 987,223 | 1,040,433 | (5) | 1,037,975 | 1,085,000 | (4) |
Right-of-use assets | 7,609,388 | 7,190,091 | 6 | 6,732,183 | 6,203,407 | 9 |
Deferred tax assets | 11,876,078 | 10,597,476 | 12 | 12,068,347 | 10,814,762 | 12 |
Other assets | 17,731,137 | 14,807,760 | 20 | 20,117,082 | 16,842,178 | 19 |
Total Assets | 2,089,765,112 | 1,978,252,563 | 6 | 2,191,143,256 | 2,064,207,240 | 6 |
LIABILITIES | ||||||
Due to banks | 54,943,225 | 24,687,100 | 123 | 75,951,356 | 43,929,855 | 73 |
Derivative financial instruments | 976,248 | 805,063 | 21 | 976,248 | 805,063 | 21 |
Securities sold under repurchase agreements | 40,400,160 | 32,785,653 | 23 | 39,499,965 | 30,626,611 | 29 |
Financial liabilities at amortised cost | ||||||
- due to depositors | 1,694,647,954 | 1,627,060,300 | 4 | 1,735,654,058 | 1,662,952,864 | 4 |
- due to other borrowers | 8,804,197 | 8,357,756 | 5 | 8,804,197 | 8,357,756 | 5 |
- due to debt securities holders | 26,934,162 | 29,795,272 | (10) | 44,408,388 | 41,883,516 | 6 |
Retirement benefit obligation | 7,527,289 | 7,490,860 | - | 7,816,532 | 7,776,857 | 1 |
Dividend payable | 12,480,024 | 405,100 | 2,981 | 12,480,024 | 405,100 | 2,981 |
Current tax liabilities | 17,281,002 | 16,762,008 | 3 | 18,243,989 | 17,601,788 | 4 |
Deferred tax liabilities | - | - | - | 1,963,820 | 1,963,820 | - |
Other liabilities | 54,057,832 | 51,229,076 | 6 | 58,089,232 | 54,139,956 | 7 |
Total Liabilities | 1,918,052,093 | 1,799,378,188 | 7 | 2,003,887,809 | 1,870,443,186 | 7 |
3
As at | 31st March 2026 Rs 000 | 31st December 2025 (Audited) Rs 000 | Change % | 31st March 2026 Rs 000 | 31st December 2025 (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 | 9,500,000 | 9,500,000 | - | 9,955,000 | 9,955,000 | - |
Special reserve | 1,953,972 | 1,879,931 | 4 | 1,953,972 | 1,879,931 | 4 |
FVOCI reserve | 2,417,582 | 3,678,415 | (34) | 2,417,582 | 3,678,415 | (34) |
Other reserves | 99,827,778 | 99,826,579 | - | 104,520,865 | 104,519,666 | - |
Retained earnings | 9,272,568 | 15,248,331 | (39) | 19,666,909 | 24,989,923 | (21) |
Total equity attributable to equity holders of the Bank | 171,713,019 | 178,874,375 | (4) | 187,255,447 | 193,764,054 | (3) |
Non-controlling interest | - | - | - | |||
Total Equity | 171,713,019 | 178,874,375 | (4) | 187,255,447 | 193,764,054 | (3) |
Total Liabilities & Equity | 2,089,765,112 | 1,978,252,563 | 6 | 2,191,143,256 | 2,064,207,240 | 6 |
Commitments & contingencies | 737,785,011 | 624,740,931 | 18 | 734,604,167 | 623,788,273 | 18 |
Net asset value per share (Rs) | 146.43 | 152.53 | (4) | 159.68 | 165.23 | (3) |
Memorandum information | ||
Number of employees | 5,023 | 4,917 |
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 May 2026
4
STATEMENT OF CHANGES IN EQUITY |
Bank |
For the three months ended 31st March 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 | - | - | - | - | - | - | 8,341,954 | 8,341,954 |
Other comprehensive income | - | - | - | (2,779,871) | - | - | - | (2,779,871) |
Total comprehensive income for the period | - | - | - | (2,779,871) | - | - | 8,341,954 | 5,562,083 |
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 | - | - | - | - | - | 1,224 | - | 1,224 |
Total contributions by and distributions to equity holders | - | - | - | - | - | 1,224 | (10,964,752) | (10,963,528) |
Transfer to reserves during the period | - | - | 52,655 | - | - | - | (52,655) | - |
Balance as at 31st March 2025 | 48,741,119 | 7,985,000 | 1,713,125 | 8,108,770 | 3,594,984 | 80,012,147 | 10,981,626 | 161,136,771 |
For the three months ended 31st March 2026 | 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 2026 | 48,741,119 | 9,500,000 | 1,879,931 | 3,678,415 | 4,798,923 | 95,027,656 | 15,248,331 | 178,874,375 |
Total comprehensive income for the period | ||||||||
Profit for the period | - | - | - | - | - | - | 6,177,096 | 6,177,096 |
Other comprehensive income | - | - | - | (1,260,833) | - | - | - | (1,260,833) |
Total comprehensive income for the period | - | - | - | (1,260,833) | - | - | 6,177,096 | 4,916,263 |
Transactions with equity holders, recognised directly in equity, contributions by and distributions to equity holders | ||||||||
Final dividend for 2025: Cash | - | - | - | - | - | - | (12,078,818) | (12,078,818) |
Unclaimed dividend adjustments | - | - | - | - | - | 1,199 | - | 1,199 |
Total contributions by and distributions to equity holders | - | - | - | - | - | 1,199 | (12,078,818) | (12,077,619) |
Transfer to reserves during the period | - | - | 74,041 | - | - | - | (74,041) | - |
Balance as at 31st March 2026 | 48,741,119 | 9,500,000 | 1,953,972 | 2,417,582 | 4,798,923 | 95,028,855 | 9,272,568 | 171,713,019 |
Sampath Bank PLC - Confidential - Internal#
5
STATEMENT OF CHANGES IN EQUITY |
Group |
For the three months ended 31st March 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 | - | - | - | - | - | - | 8,924,738 | 8,924,738 | - | 8,924,738 |
Other comprehensive income | - | - | - | (2,779,871) | - | - | - | (2,779,871) | - | (2,779,871) |
Total comprehensive income for the period | - | - | - | (2,779,871) | - | - | 8,924,738 | 6,144,867 | - | 6,144,867 |
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 | - | - | - | - | - | 1,224 | - | 1,224 | - | 1,224 |
Total contributions by and distributions to equity holders | - | - | - | - | - | 1,224 | (10,964,752) | (10,963,528) | - | (10,963,528) |
Transfer to reserves during the period | - | 2,000 | 52,655 | - | - | - | (54,655) | - | - | - |
Balance as at 31st March 2025 | 48,741,119 | 8,360,000 | 1,713,125 | 8,108,770 | 7,092,922 | 80,012,147 | 19,035,568 | 173,063,651 | - | 173,063,651 |
For the three months ended 31st March 2026 | 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 2026 | 48,741,119 | 9,955,000 | 1,879,931 | 3,678,415 | 9,492,010 | 95,027,656 | 24,989,923 | 193,764,054 | - | 193,764,054 |
Total comprehensive income for the period | ||||||||||
Profit for the period | - | - | - | - | - | - | 6,829,845 | 6,829,845 | - | 6,829,845 |
Other comprehensive income | - | - | - | (1,260,833) | - | - | - | (1,260,833) | - | (1,260,833) |
Total comprehensive income for the period | - | - | - | (1,260,833) | - | - | 6,829,845 | 5,569,012 | - | 5,569,012 |
Transactions with equity holders, recognised directly in equity, contributions by and distributions to equity holders | ||||||||||
Final dividend for 2025: Cash | - | - | - | - | - | - | (12,078,818) | (12,078,818) | - | (12,078,818) |
Unclaimed dividend adjustments | - | - | - | - | - | 1,199 | - | 1,199 | - | 1,199 |
Total contributions by and distributions to equity holders | - | - | - | - | - | 1,199 | (12,078,818) | (12,077,619) | - | (12,077,619) |
Transfer to reserves during the period | - | - | 74,041 | - | - | - | (74,041) | - | - | - |
Balance as at 31st March 2026 | 48,741,119 | 9,955,000 | 1,953,972 | 2,417,582 | 9,492,010 | 95,028,855 | 19,666,909 | 187,255,447 | - | 187,255,447 |
Sampath Bank PLC - Confidential - Internal#
6
Sampath Bank PLC - Confidential - Internal#
STATEMENT OF CASH FLOWS
Bank Group
For the period ended 31st March | 2026 Rs 000 | 2025 Rs 000 | 2026 Rs 000 | 2025 Rs 000 |
Cash flows from operating activities | ||||
Interest receipts | 43,504,909 | 47,673,295 | 44,487,380 | 49,556,127 |
Interest payments | (26,474,087) | (26,505,802) | (27,452,935) | (27,355,355) |
Net commission receipts | 6,113,284 | 4,869,053 | 6,473,063 | 5,103,869 |
Cash payments to employees | (4,408,036) | (6,833,857) | (5,172,276) | (7,464,906) |
Taxes on financial services | (2,919,149) | (4,150,612) | (3,161,675) | (4,362,907) |
Receipts from other operating activities | 196,946 | 330,464 | 484,482 | 649,016 |
Cash payments to other operating activities | (5,479,272) | (5,029,339) | (5,517,283) | (5,131,964) |
Operating profit before changes in operating assets & liabilities | 10,534,595 | 10,353,202 | 10,140,756 | 10,993,880 |
(Increase)/decrease in operating assets | ||||
Balances with Central Bank of Sri Lanka | (2,445,167) | (10,710,677) | (2,445,167) | (10,710,677) |
Financial assets at amortised cost - loans & advances | (120,790,909) | 4,778,720 | (128,505,149) | 612,287 |
Other assets | (2,794,812) | (12,101,952) | (3,081,338) | (11,827,318) |
(126,030,888) | (18,033,909) | (134,031,654) | (21,925,708) | |
Increase/(decrease) in operating liabilities | ||||
Due to banks | 30,202,989 | 11,278,237 | 31,969,947 | 12,499,120 |
Re-purchase agreements | 7,656,108 | (27,346,410) | 8,914,955 | (27,346,410) |
Financial liabilities at amortised cost - due to depositors | 60,627,324 | 68,409,340 | 65,323,775 | 68,464,829 |
Financial liabilities at amortised cost - due to other borrowers | 327,997 | (29,328) | 327,997 | (29,328) |
Other liabilities | 785,702 | 21,638,223 | 1,358,888 | 21,813,517 |
99,600,120 | 73,950,062 | 107,895,562 | 75,401,728 | |
Net cash (used in)/generated from operating activities before income tax | (15,896,173) | 66,269,355 | (15,995,336) | 64,469,900 |
Income tax paid | (2,400,518) | (2,178,540) | (2,720,210) | (2,228,419) |
Net cash (used in)/generated from operating activities | (18,296,691) | 64,090,815 | (18,715,546) | 62,241,481 |
Cash flows from investing activities | ||||
Purchase of property, plant & equipment | (1,009,129) | (430,941) | (1,241,916) | (748,869) |
Proceeds from disposal of property, plant & equipment | 1,036 | 1,044 | 1,921 | 2,928 |
Net cash flow from reverse repurchase agreements | 44,000 | (5,000,000) | (3,534,328) | (6,191,757) |
Net cash flow from financial assets - FVPL | 190,193 | 1,587,364 | 190,193 | 1,587,364 |
Net cash flow from debt instruments at amortised cost | 49,615,996 | (65,958,646) | 49,525,377 | (62,761,579) |
Net cash flow from financial assets - FVOCI | (59,177,693) | 39,641,468 | (59,177,693) | 39,641,468 |
Purchase of intangible assets | (207,094) | (267,141) | (218,946) | (277,468) |
Net cash used in investing activities | (10,542,691) | (30,426,852) | (14,455,392) | (28,747,913) |
Cash flows from financing activities | ||||
Proceeds from the issue of debentures | - | 10,000,000 | 3,750,000 | 10,000,000 |
Net proceeds from securitisation | - | - | 1,285,000 | - |
Repayment of principal portion of lease liabilities | (615,758) | (540,224) | (358,644) | (290,498) |
Net cash (used in)/generated from financing activities | (615,758) | 9,459,776 | 4,676,356 | 9,709,502 |
Net cash (used)/generated during the period | (29,455,140) | 43,123,739 | (28,494,582) | 43,203,070 |
Net foreign exchange difference | 337,379 | 777,441 | 337,379 | 777,441 |
Cash & cash equivalents at the beginning of the year | 99,054,539 | 71,672,859 | 99,428,850 | 71,640,027 |
Cash & cash equivalents at the end of the period | 69,936,778 | 115,574,039 | 71,271,647 | 115,620,538 |
7
Bank | Group | |||
As at | 31st March 2026 Rs 000 | 31st December 2025 (Audited) Rs 000 | 31st March 2026 Rs 000 | 31st December 2025 (Audited) Rs 000 |
Gross loans & advances | 1,351,126,133 | 1,223,640,976 | 1,431,787,123 | 1,294,140,878 |
Less: Accumulated impairment under stage 1 | 18,402,017 | 15,967,896 | 18,743,756 | 16,265,023 |
Accumulated impairment under stage 2 | 9,508,201 | 9,173,859 | 10,113,027 | 9,893,277 |
Accumulated impairment under stage 3 | 71,954,723 | 70,722,429 | 73,317,555 | 72,064,516 |
Net loans & advances | 1,251,261,192 | 1,127,776,792 | 1,329,612,785 | 1,195,918,062 |
Product-wise loans and advances | ||||
Local currency | ||||
Bills of exchange | 38,600 | 156,118 | 38,600 | 156,118 |
Leasing | 67,609,850 | 58,190,348 | 110,953,418 | 97,802,446 |
Housing loans | 55,703,960 | 53,949,134 | 55,703,960 | 53,949,134 |
Export loans | 6,481,105 | 4,545,006 | 6,481,105 | 4,545,006 |
Import loans | 174,084,155 | 164,404,173 | 174,084,155 | 164,404,173 |
Refinance loans | 5,716,222 | 5,339,835 | 5,716,222 | 5,339,835 |
Term loans | ||||
Long term | 496,599,601 | 450,192,077 | 498,651,047 | 450,906,445 |
Short term | 8,283,593 | 5,748,433 | 20,987,939 | 16,315,429 |
Overdraft | 131,761,356 | 119,771,239 | 131,761,350 | 119,771,235 |
Staff loans | 15,197,138 | 14,379,029 | 15,393,940 | 14,591,439 |
Pawning and gold loans | 110,358,974 | 102,369,518 | 131,903,951 | 121,078,290 |
Credit cards | 23,827,085 | 23,418,427 | 23,827,051 | 23,418,302 |
Money market loans | 56,076,566 | 44,680,870 | 56,076,566 | 44,680,870 |
Factoring | 2,784,045 | 2,259,197 | 3,052,036 | 2,475,478 |
Others | 3,573 | 5,295 | 555,473 | 474,401 |
Sub total | 1,154,525,823 | 1,049,408,699 | 1,235,186,813 | 1,119,908,601 |
Foreign currency | ||||
Bills of exchange | 2,494,312 | 2,159,263 | 2,494,312 | 2,159,263 |
Housing loans | 126,257 | 128,885 | 126,257 | 128,885 |
Export loans | 26,767,298 | 27,003,892 | 26,767,298 | 27,003,892 |
Import loans | 13,977,073 | 12,252,364 | 13,977,073 | 12,252,364 |
Term loans | ||||
Long term | 145,419,782 | 124,702,694 | 145,419,782 | 124,702,694 |
Short term | 315,770 | 310,238 | 315,770 | 310,238 |
Overdraft | 7,456,351 | 7,656,927 | 7,456,351 | 7,656,927 |
Others | 43,467 | 18,014 | 43,467 | 18,014 |
Sub total | 196,600,310 | 174,232,277 | 196,600,310 | 174,232,277 |
Total gross loans and advances | 1,351,126,133 | 1,223,640,976 | 1,431,787,123 | 1,294,140,878 |
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 2026 | 15,967,896 | 9,173,859 | 70,722,429 | 95,864,184 |
Net charge for the period | 2,391,798 | 291,502 | 1,465,315 | 4,148,615 |
Write-off during the period | - | - | (125,795) | (125,795) |
Interest income accrued on impaired loans & advances | - | - | (937,104) | (937,104) |
Other movements including exchange differences | 42,323 | 42,840 | 829,878 | 915,041 |
Balance as at 31st March 2026 | 18,402,017 | 9,508,201 | 71,954,723 | 99,864,941 |
Group | Stage 1 Rs 000 | Stage 2 Rs 000 | Stage 3 Rs 000 | Total Rs 000 |
Balance as at 1st January 2026 | 16,265,023 | 9,893,277 | 72,064,516 | 98,222,816 |
Net charge for the period | 2,436,410 | 176,910 | 1,486,071 | 4,099,391 |
Write-off during the period | - | - | (125,795) | (125,795) |
Interest income accrued on impaired loans & advances | - | - | (937,148) | (937,148) |
Other movements including exchange differences | 42,323 | 42,840 | 829,911 | 915,074 |
Balance as at 31st March 2026 | 18,743,756 | 10,113,027 | 73,317,555 | 102,174,338 |
8
Bank | Group | |||
As at | 31st March 2026 Rs 000 | 31st December 2025 (Audited) Rs 000 | 31st March 2026 Rs 000 | 31st December 2025 (Audited) Rs 000 |
Gross commitments and contingencies Less: Accumulated impairment under stage 1 Accumulated impairment under stage 2 Accumulated impairment under stage 3 | 740,780,858 1,864,148 688,559 443,140 | 627,537,117 1,699,499 692,078 404,609 | 737,588,301 1,852,435 688,559 443,140 | 626,575,427 1,690,467 692,078 404,609 |
Net commitments and contingencies | 737,785,011 | 624,740,931 | 734,604,167 | 623,788,273 |
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 | 155,681,037 123,333,418 435,661 1,336,545 44,094,588 | 140,807,287 127,743,494 310,655 1,283,495 40,047,002 | 152,412,794 123,333,418 435,661 1,336,545 44,095,588 | 139,760,039 127,743,494 310,655 1,283,495 40,048,002 |
324,881,249 | 310,191,933 | 321,614,006 | 309,145,685 | |
746,334 166,202 10,804,109 160,338,695 | 826,455 133,698 4,838,111 109,059,555 | 821,020 166,202 10,804,109 160,338,695 | 911,013 133,698 4,838,111 109,059,555 | |
172,055,340 | 114,857,819 | 172,130,026 | 114,942,377 | |
Sub total | 496,936,589 | 425,049,752 | 493,744,032 | 424,088,062 |
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 | 32,412,815 12,910,717 32,656,398 66,613,477 6,786,492 | 33,484,774 13,868,467 22,506,331 49,823,339 4,831,863 | 32,412,815 12,910,717 32,656,398 66,613,477 6,786,492 | 33,484,774 13,868,467 22,506,331 49,823,339 4,831,863 |
151,379,899 | 124,514,774 | 151,379,899 | 124,514,774 | |
169,145 28,387,382 63,907,843 | 158,190 22,808,723 55,005,678 | 169,145 28,387,382 63,907,843 | 158,190 22,808,723 55,005,678 | |
92,464,370 | 77,972,591 | 92,464,370 | 77,972,591 | |
Sub total | 243,844,269 | 202,487,365 | 243,844,269 | 202,487,365 |
Total gross commitments and contingencies | 740,780,858 | 627,537,117 | 737,588,301 | 626,575,427 |
2.1
2.2
2.3 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 2026 Net charge/(reversal) for the period Other movements including exchange differences | 1,699,499 160,886 3,763 | 692,078 (7,479) 3,960 | 404,609 34,860 3,671 | 2,796,186 188,267 11,394 |
Balance as at 31st March 2026 | 1,864,148 | 688,559 | 443,140 | 2,995,847 |
Group | Stage 1 Rs 000 | Stage 2 Rs 000 | Stage 3 Rs 000 | Total Rs 000 |
Balance as at 1st January 2026 Net charge/(reversal) for the period Other movements including exchange differences | 1,690,467 158,205 3,763 | 692,078 (7,479) 3,960 | 404,609 34,860 3,671 | 2,787,154 185,586 11,394 |
Balance as at 31st March 2026 | 1,852,435 | 688,559 | 443,140 | 2,984,134 |
9
3 | Analysis of Deposits |
Bank | Group | |||
As at | 31st March 2026 | 31st December 2025 | 31st March 2026 | 31st December 2025 |
(Audited) | (Audited) | |||
Rs 000 | Rs 000 | Rs 000 | Rs 000 | |
Local Currency Deposits | ||||
Demand deposits | 77,676,811 | 74,762,826 | 77,571,957 | 74,695,324 |
Saving deposits | 433,331,863 | 408,470,699 | 433,384,744 | 408,416,249 |
Fixed deposits | 930,492,096 | 911,351,299 | 971,550,173 | 947,365,815 |
Certificates of deposits | 4,872,941 | 4,698,947 | 4,872,941 | 4,698,947 |
Margin deposits | 3,737,678 | 2,088,343 | 3,737,678 | 2,088,343 |
Total local currency deposits | 1,450,111,389 | 1,401,372,114 | 1,491,117,493 | 1,437,264,678 |
Foreign Currency Deposits | ||||
Demand deposits | 10,235,312 | 9,900,559 | 10,235,312 | 9,900,559 |
Saving deposits | 85,806,901 | 77,533,271 | 85,806,901 | 77,533,271 |
Fixed deposits | 148,293,567 | 138,079,609 | 148,293,567 | 138,079,609 |
Margin deposits | 200,785 | 174,747 | 200,785 | 174,747 |
Total foreign currency deposits | 244,536,565 | 225,688,186 | 244,536,565 | 225,688,186 |
Total deposits | 1,694,647,954 | 1,627,060,300 | 1,735,654,058 | 1,662,952,864 |
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 ended 31st December 2025. |
2. | The Group Financial Statements comprise the consolidation of the Bank and its fully owned subsidiaries, Sampath Centre Ltd, Sampath Securities (Pvt) Ltd (formerly known as 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 required in terms of Rule 7.4 of the Colombo Stock Exchange. |
5. | Market Price of a Share | 2026 (Rs) | 2025 (Rs) |
Market Price as at 31st March | 145.25 | 122.50 | |
Highest Market Price during the quarter ended 31st March | 167.00 | 128.00 | |
Lowest Market Price during the quarter ended 31st March | 144.00 | 110.00 | |
Weighted Average Market Price during the quarter ended 31st March | 155.36 | 119.85 | |
Quoted shares and debentures of the Bank are only traded in Sri Lankan Rupees | |||
6. | Impairment of financial assets - Loans and advances |
The Bank conducted a comprehensive review of its Individually Significant Customers (ISL) and recognized provisions in its Financial Statements to reflect the specific risk profiles of each client, even after considering the potential impact due to prevailing global unrest situation. In addition to these customer-specific measures, the Bank proactively considered potential vulnerabilities arising from the current global unrest and the heightened geopolitical uncertainty. Accordingly, an additional allowance for overlay was recognised to safeguard against possible adverse developments that may affect customers. These forward-looking actions strengthened the overall adequacy of provisions and underscored the Bank's commitment to prudent risk management and provisioning. Notwithstanding these enhancements, the fundamental impairment methodologies applied for collective provisions in 2025 remained unchanged, thereby ensuring methodological consistency, transparency, and compliance with applicable accounting standards. |
7. | Events after the reporting period |
There are no material events after the reporting date that require adjustment to, or disclosure in the Financial Statements other than the item disclosed under 7.1 below. |
7.1 | Appointment of a Director |
Mr. Pradeep Dilshan Rajeeva Hettiaratchi (Non-Executive, Independent Director) appointed to the Board of Directors with effect from 01st May 2026. |
8. | Reclassification of comparative information |
For a better presentation and to ensure comparability with the current period classification, the recoveries of loans written off has been netted off within 'Impairment charges/(reversal)' in the Statement of Profit or Loss of the Bank and the Group for the comparaive period ended 31st March 2025. The amounts netted off were Rs 76.9 Mn and Rs 138.7 Mn for the Bank and the Group respectively. In the comparative period, this amount had been reported under 'Net other operating income'. |
9. | Dividend |
The Shareholders of the Bank at the Annual General Meeting held on 30th March 2026 approved a final cash dividend of Rs 10.30 per share for the financial year 2025. The Bank has made a provision of Rs 12,079 Mn for the approved final dividend in its Financial Statements as at 31st March 2026. The dividend distribution took place in April 2026. |
10. | Incorporation of a New Subsidiary to Conduct Wealth Management Business |
The Central Bank of Sri Lanka has granted approval for the Bank to engage in wealth management business through a wholly owned subsidiary. Accordingly, the Sampath Wealth Management Limited was incorporated in January 2026. The commencement of business operations of this company is subject to obtaining regulatory approval from the Securities and Exchange Commission of Sri Lanka. |
11. | Proposed Debentures and/or Green and/or Sustainability Bonds Issue |
The Board of Directors of the Bank, at its meeting held on 17th December 2025, decided to issue up to 200,000,000 Basel III-compliant Tier 2 Listed, Rated, Unsecured, Subordinated, Redeemable, 5-year Debentures and/or Green and/or Sustainability Bonds with a Non-Viability Conversion feature, each with a par value of Rs 100/-, to raise up to Rs 20 Bn in one or more issuances. Shareholder approval for this proposal was obtained through a special resolution passed at the Annual General Meeting held on 30th March 2026, subject to regulatory clearances from the Colombo Stock Exchange and other relevant authorities. |
12. | Utilisation of funds raised via capital markets |
The funds raised through the capital markets 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 31ST MARCH 2026 |
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 | 55,228,954 | 4.71 |
6 | Akbar Brothers Pvt Ltd | 37,599,005 | 3.21 |
7 | Mr D P Pieris | 30,000,000 | 2.56 |
8 | Mr W Jinadasa | 27,356,683 | 2.33 |
9 | Ayenka Holdings Private Limited | 18,361,334 | 1.57 |
10 | Ms P D A S Beruwalage | 13,088,176 | 1.12 |
11 | Mr N A Madanayake | 12,425,855 | 1.06 |
12 | Sampath Bank PLC Account No 04 (Sampath Bank Pension Fund) | 11,832,461 | 1.01 |
13 | BBH - Tundra Sustainable Frontier Fund | 9,837,629 | 0.84 |
14 | BBH - Tundra Shikari Global | 9,164,000 | 0.78 |
15 | Mr Sarath Kumara Wijekoon | 8,824,930 | 0.75 |
16 | Employees' Trust Fund Board | 8,790,875 | 0.75 |
17 | Magna Wealth (Pvt) Ltd | 7,146,815 | 0.61 |
18 | Mr K.D.H. Perera | 5,466,462 | 0.47 |
19 | Yaden Capital (Private) Limited | 5,200,000 | 0.44 |
20 | Sri Lanka Insurance Corporation Life Ltd Participating Portfolio A/C 1 | 4,900,969 | 0.41 |
791,830,748 | 67.52 |
Shares held by Directors | 691,176 | 0.06 |
Balance held by other shareholders | 380,178,836 | 32.42 |
Total | 1,172,700,760 | 100.00 |
As at | 31st March 2026 |
Number of public shareholders | 48,011 |
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 31st March 2026 | As at 31st December 2025 |
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) | 6,148 | 6,148 |
11 | Mr D A de Vas Gunasekara (Executive Director/Chief Financial Officer) | 10,000 | - |
13
Segment Information - Group
For the period ended 31st March | Corporate Banking | SME & Retail Banking | Dealing/Investment | Others | (Eliminations)/Unallocated | Total | ||||||
2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | |
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 | 5,492,510 | 3,621,246 | 14,244,111 | 11,981,840 | 3,564,193 | 5,872,559 | 1,612,925 | 1,252,688 | (3,078,081) | (2,269,218) | 21,835,658 | 20,459,115 |
Net fee & commission income | 1,000,147 | 777,729 | 4,917,692 | 3,820,267 | (5,363) | (5,772) | 359,779 | 234,816 | 156,632 | 146,239 | 6,428,887 | 4,973,279 |
Net gain from trading | - | - | - | - | 260,762 | 2,879,548 | - | - | - | - | 260,762 | 2,879,548 |
Net gain on derecognition of financial assets | - | - | - | - | 684,407 | 2,721,460 | - | - | - | - | 684,407 | 2,721,460 |
Net other operating income | - | (1,878) | 247,937 | 309,899 | 103,456 | (2,390,398) | 682,863 | 594,704 | 558,210 | 93,034 | 1,592,466 | (1,394,639) |
Total revenue from external customers | 6,492,657 | 4,397,097 | 19,409,740 | 16,112,006 | 4,607,455 | 9,077,397 | 2,655,567 | 2,082,208 | (2,363,239) | (2,029,945) | 30,802,180 | 29,638,763 |
Inter segment (expense)/income | (158,891) | (95,266) | 158,891 | 95,266 | - | - | - | - | - | - | - | - |
Total operating income | 6,333,766 | 4,301,831 | 19,568,631 | 16,207,272 | 4,607,455 | 9,077,397 | 2,655,567 | 2,082,208 | (2,363,239) | (2,029,945) | 30,802,180 | 29,638,763 |
Less: Impairment charge/(reversal) | 2,588,702 | (1,551,157) | 1,511,328 | 941,045 | 410,204 | 451,394 | (98,592) | (156,393) | (47,840) | 2,820 | 4,363,802 | (312,291) |
Net operating income | 3,745,064 | 5,852,988 | 18,057,303 | 15,266,227 | 4,197,251 | 8,626,003 | 2,754,159 | 2,238,601 | (2,315,399) | (2,032,765) | 26,438,378 | 29,951,054 |
Less: Total operating expenses | 310,286 | 293,464 | 7,725,338 | 6,280,879 | 128,424 | 103,717 | 1,425,824 | 1,130,333 | 4,310,499 | 3,827,432 | 13,900,371 | 11,635,825 |
Segment result | 3,434,778 | 5,559,524 | 10,331,965 | 8,985,348 | 4,068,827 | 8,522,286 | 1,328,335 | 1,108,268 | (6,625,898) | (5,860,197) | 12,538,007 | 18,315,229 |
Less: Taxes on financial services | 3,112,390 | 3,993,322 | ||||||||||
Less: Income tax expense | 2,595,772 | 5,397,169 | ||||||||||
Profit for the period | 6,829,845 | 8,924,738 | ||||||||||
Non controlling interest | - | - | ||||||||||
Profit attributable to equity holders of the Bank | 6,829,845 | 8,924,738 | ||||||||||
As at 31st March | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 |
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 | 685,050,980 | 434,536,133 | 1,716,985,142 | 1,552,367,071 | 714,404,124 | 858,634,607 | 113,025,712 | 74,888,691 | 181,007,864 | 170,075,971 | 3,410,473,822 | 3,090,502,473 |
Unallocated assets | - | - | - | - | - | - | - | - | (1,219,330,566) | (1,164,712,860) | (1,219,330,566) | (1,164,712,860) |
Total assets | 685,050,980 | 434,536,133 | 1,716,985,142 | 1,552,367,071 | 714,404,124 | 858,634,607 | 113,025,712 | 74,888,691 | (1,038,322,702) | (994,636,889) | 2,191,143,256 | 1,925,789,613 |
Segment liabilities | 682,185,879 | 429,387,631 | 1,708,859,470 | 1,545,308,778 | 709,922,110 | 844,770,443 | 93,421,839 | 58,866,703 | 24,767,625 | 35,010,156 | 3,219,156,923 | 2,913,343,711 |
Unallocated liabilities | - | - | - | - | - | - | - | - | (1,215,269,114) | (1,160,617,749) | (1,215,269,114) | (1,160,617,749) |
Total liabilities | 682,185,879 | 429,387,631 | 1,708,859,470 | 1,545,308,778 | 709,922,110 | 844,770,443 | 93,421,839 | 58,866,703 | (1,190,501,489) | (1,125,607,593) | 2,003,887,809 | 1,752,725,962 |
For the period ended 31st March | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 |
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 | (64,994,946) | 34,723,405 | 9,915,367 | 41,626,184 | 48,989,104 | (10,199,992) | (418,855) | (1,849,334) | (12,206,216) | (2,058,782) | (18,715,546) | 62,241,481 |
Cash flows from investing activities | - | - | - | - | (9,327,504) | (29,729,814) | (3,912,701) | 1,678,939 | (1,215,187) | (697,038) | (14,455,392) | (28,747,913) |
Cash flows from financing activities | - | - | - | - | - | - | 5,035,000 | - | (358,644) | 9,709,502 | 4,676,356 | 9,709,502 |
Capital expenditure | - | - | - | - | - | - | (244,639) | (328,255) | (1,216,223) | (698,082) | (1,460,862) | (1,026,337) |
14
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 | - | 46,837,567 | - | 46,837,567 |
Balances with Central Bank of Sri Lanka | - | 24,280,359 | - | 24,280,359 |
Placements with banks | - | 24,792,341 | - | 24,792,341 |
Derivative financial instruments | 2,900,391 | - | - | 2,900,391 |
Financial assets recognised through profit or loss - measured at fair value | 255,392 | - | - | 255,392 |
Financial assets at amortised cost | ||||
- loans & advances | - | 1,251,261,192 | - | 1,251,261,192 |
- debt & other instruments | - | 474,655,183 | - | 474,655,183 |
Financial assets - fair value through other comprehensive income | - | - | 206,555,488 | 206,555,488 |
Other assets | - | 9,920,177 | - | 9,920,177 |
Total Financial Assets | 3,155,783 | 1,831,746,819 | 206,555,488 | 2,041,458,090 |
Financial Liabilities | Fair value through Profit or Loss | Amortised Cost | Total |
Rs 000 | Rs 000 | Rs 000 | |
Due to banks | - | 54,943,225 | 54,943,225 |
Derivative financial instruments | 976,248 | - | 976,248 |
Securities sold under repurchase agreements | - | 40,400,160 | 40,400,160 |
Financial liabilities at amortised cost | |||
- due to depositors | - | 1,694,647,954 | 1,694,647,954 |
- due to other borrowers | - | 8,804,197 | 8,804,197 |
- due to debt securities holders | - | 26,934,162 | 26,934,162 |
Dividend payable | - | 12,480,024 | 12,480,024 |
Other liabilities | - | 42,460,241 | 42,460,241 |
Total Financial Liabilities | 976,248 | 1,880,669,963 | 1,881,646,211 |
Bank - As at 31st December 2025 (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 | - | 62,018,008 | - | 62,018,008 |
Balances with Central Bank of Sri Lanka | - | 21,835,192 | - | 21,835,192 |
Placements with banks | - | 39,223,825 | - | 39,223,825 |
Reverse repurchase agreements | - | 44,282 | - | 44,282 |
Derivative financial instruments | 2,468,488 | - | - | 2,468,488 |
Financial assets recognised through profit or loss - measured at fair value | 403,260 | - | - | 403,260 |
Financial assets at amortised cost | ||||
- loans & advances | - | 1,127,776,792 | - | 1,127,776,792 |
- debt & other instruments | - | 523,176,568 | - | 523,176,568 |
Financial assets - fair value through other comprehensive income | - | - | 148,256,497 | 148,256,497 |
Other assets | - | 8,326,567 | - | 8,326,567 |
Total Financial Assets | 2,871,748 | 1,782,401,234 | 148,256,497 | 1,933,529,479 |
Financial Liabilities | Fair value through Profit or Loss | Amortised Cost | Total |
Rs 000 | Rs 000 | Rs 000 | |
Due to banks | - | 24,687,100 | 24,687,100 |
Derivative financial instruments | 805,063 | - | 805,063 |
Securities sold under repurchase agreements | - | 32,785,653 | 32,785,653 |
Financial liabilities at amortised cost | |||
- due to depositors | - | 1,627,060,300 | 1,627,060,300 |
- due to other borrowers | - | 8,357,756 | 8,357,756 |
- due to debt securities holders | - | 29,795,272 | 29,795,272 |
Dividend payable | - | 405,100 | 405,100 |
Other liabilities | - | 40,649,343 | 40,649,343 |
Total Financial Liabilities | 805,063 | 1,763,740,524 | 1,764,545,587 |
15
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 | - | 48,334,184 | - | 48,334,184 |
Balances with Central Bank of Sri Lanka | - | 24,280,359 | - | 24,280,359 |
Placements with banks | - | 24,792,341 | - | 24,792,341 |
Reverse repurchase agreements | - | 10,794,506 | - | 10,794,506 |
Derivative financial instruments | 2,900,391 | - | - | 2,900,391 |
Financial assets recognised through profit or loss - measured at fair value | 255,392 | - | - | 255,392 |
Financial assets at amortised cost | ||||
- loans & advances | - | 1,329,612,785 | - | 1,329,612,785 |
- debt & other instruments | - | 474,713,017 | - | 474,713,017 |
Financial assets - fair value through other comprehensive income | - | - | 206,555,544 | 206,555,544 |
Other assets | - | 11,663,582 | - | 11,663,582 |
Total Financial Assets | 3,155,783 | 1,924,190,774 | 206,555,544 | 2,133,902,101 |
Financial Liabilities | Fair value through Profit or Loss | Amortised Cost | Total |
Rs 000 | Rs 000 | Rs 000 | |
Due to banks | - | 75,951,356 | 75,951,356 |
Derivative financial instruments | 976,248 | - | 976,248 |
Securities sold under repurchase agreements | - | 39,499,965 | 39,499,965 |
Financial liabilities at amortised cost | |||
- due to depositors | - | 1,735,654,058 | 1,735,654,058 |
- due to other borrowers | - | 8,804,197 | 8,804,197 |
- due to debt securities holders | - | 44,408,388 | 44,408,388 |
Dividend payable | - | 12,480,024 | 12,480,024 |
Other liabilities | - | 45,209,344 | 45,209,344 |
Total Financial Liabilities | 976,248 | 1,962,007,332 | 1,962,983,580 |
Group - As at 31st December 2025 (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 | - | 62,563,988 | - | 62,563,988 |
Balances with Central Bank of Sri Lanka | - | 21,835,192 | - | 21,835,192 |
Placements with banks | - | 39,223,825 | - | 39,223,825 |
Reverse repurchase agreements | - | 7,085,229 | - | 7,085,229 |
Derivative financial instruments | 2,468,488 | - | - | 2,468,488 |
Financial assets recognised through profit or loss - measured at fair value | 403,260 | - | - | 403,260 |
Financial assets at amortised cost | ||||
- loans & advances | - | 1,195,918,062 | - | 1,195,918,062 |
- debt & other instruments | - | 523,233,300 | - | 523,233,300 |
Financial assets - fair value through other comprehensive income | - | - | 148,256,553 | 148,256,553 |
Other assets | - | 9,931,981 | - | 9,931,981 |
Total Financial Assets | 2,871,748 | 1,859,791,577 | 148,256,553 | 2,010,919,878 |
Financial Liabilities | Fair value through Profit or Loss | Amortised Cost | Total |
Rs 000 | Rs 000 | Rs 000 | |
Due to banks | - | 43,929,855 | 43,929,855 |
Derivative financial instruments | 805,063 | - | 805,063 |
Securities sold under repurchase agreements | - | 30,626,611 | 30,626,611 |
Financial liabilities at amortised cost | |||
- due to depositors | - | 1,662,952,864 | 1,662,952,864 |
- due to other borrowers | - | 8,357,756 | 8,357,756 |
- due to debt securities holders | - | 41,883,516 | 41,883,516 |
Dividend payable | - | 405,100 | 405,100 |
Other liabilities | - | 42,400,890 | 42,400,890 |
Total Financial Liabilities | 805,063 | 1,830,556,592 | 1,831,361,655 |
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.
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 2025. 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 31st March 2026.
Date of Valuation | As at 31st March 2026 | As at 31st December 2025 (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 | - | 2,900,391 | - | 2,900,391 | - | 2,468,488 | - | 2,468,488 |
Financial assets - fair value through profit or loss | 255,392 | - | - | 255,392 | 403,260 | - | - | 403,260 |
Financial assets - fair value through other comprehensive income | 206,351,588 | - | 203,900 | 206,555,488 | 148,052,634 | - | 203,863 | 148,256,497 |
Total financial assets measured at fair value | 206,606,980 | 2,900,391 | 203,900 | 209,711,271 | 148,455,894 | 2,468,488 | 203,863 | 151,128,245 |
Financial liabilities measured at fair value Derivative financial instruments | - | 976,248 | - | 976,248 | - | 805,063 | - | 805,063 |
Total financial liabilities measured at fair value | - | 976,248 | - | 976,248 | - | 805,063 | - | 805,063 |
Financial Assets & Liabilities Measured at Fair Value - Fair Value Hierarchy Bank
Group
Date of Valuation | As at 31st March 2026 | As at 31st December 2025 (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 | -255,392 206,351,588 | 2,900,391 - - | - -203,956 | 2,900,391 255,392 206,555,544 | -403,260 148,052,634 | 2,468,488 - - | - -203,919 | 2,468,488 403,260 148,256,553 |
Total financial assets measured at fair value | 206,606,980 | 2,900,391 | 203,956 | 209,711,327 | 148,455,894 | 2,468,488 | 203,919 | 151,128,301 |
Financial liabilities measured at fair value Derivative financial instruments | - | 976,248 | - | 976,248 | - | 805,063 | - | 805,063 |
Total financial liabilities measured at fair value | - | 976,248 | - | 976,248 | - | 805,063 | - | 805,063 |
17
FAIR VALUE OF FINANCIAL INSTRUMENTS (Contd…)
Date of Valuation | As at 31st March 2026 | As at 31st December 2025 (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 | - | 1,250,866,507 | - | 1,250,866,507 | 1,251,261,192 | - | 1,129,099,825 | - | 1,129,099,825 | 1,127,776,792 |
debt & other instruments | 431,732,725 | 42,348,071 | - | 474,080,796 | 474,655,183 | 482,797,470 | 42,432,555 | - | 525,230,025 | 523,176,568 |
431,732,725 | 1,293,214,578 | - | 1,724,947,303 | 1,725,916,375 | 482,797,470 | 1,171,532,380 | - | 1,654,329,850 | 1,650,953,360 | |
Financial Liabilities | ||||||||||
Financial liabilities at amortised cost | ||||||||||
due to banks | - | 54,987,035 | - | 54,987,035 | 54,943,225 | - | 24,748,752 | - | 24,748,752 | 24,687,100 |
due to depositors - fixed & certificate of deposits | - | 1,089,776,458 | - | 1,089,776,458 | 1,083,658,604 | - | 1,060,674,462 | - | 1,060,674,462 | 1,054,129,855 |
due to debt securities holders | - | 30,263,609 | - | 30,263,609 | 26,934,162 | - | 33,697,346 | - | 33,697,346 | 29,795,272 |
- | 1,175,027,102 | - | 1,175,027,102 | 1,165,535,991 | - | 1,119,120,560 | - | 1,119,120,560 | 1,108,612,227 | |
Fair Value of Financial Assets and Liabilities Carried at Amortised Cost Bank
Group
Date of Valuation | As at 31st March 2026 | As at 31st December 2025 (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 | - | 1,330,694,327 | - | 1,330,694,327 | 1,329,612,785 | - | 1,199,655,602 | - | 1,199,655,602 | 1,195,918,062 |
debt & other instruments | 431,790,559 | 42,348,071 | - | 474,138,630 | 474,713,017 | 482,854,202 | 42,432,555 | - | 525,286,757 | 523,233,300 |
431,790,559 | 1,373,042,398 | - | 1,804,832,957 | 1,804,325,802 | 482,854,202 | 1,242,088,157 | - | 1,724,942,359 | 1,719,151,362 | |
Financial Liabilities | ||||||||||
Financial liabilities at amortised cost | ||||||||||
due to banks | - | 76,056,750 | - | 76,056,750 | 75,951,356 | - | 44,109,982 | - | 44,109,982 | 43,929,855 |
due to depositors - fixed & certificate of deposits | - | 1,132,078,696 | - | 1,132,078,696 | 1,124,716,681 | - | 1,097,654,187 | - | 1,097,654,187 | 1,090,144,371 |
due to debt securities holders | - | 48,537,732 | - | 48,537,732 | 44,408,388 | - | 46,024,441 | - | 46,024,441 | 41,883,516 |
- | 1,256,673,178 | - | 1,256,673,178 | 1,245,076,425 | - | 1,187,788,610 | - | 1,187,788,610 | 1,175,957,742 | |
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
(a) | Market Values | ||||||
Debentures - 2021/2028 | Highest (Rs) | Lowest (Rs) | Quarter End (Rs) | ||||
2026 | 2025 | 2026 | 2025 | 2026 | 2025 | ||
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) | |||
2026 | 2025 | 2026 | 2025 | 2026 | 2025 | |
Fixed - 28.00% | 126.86 | 137.00 | 126.86 | 135.00 | 126.86 | 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) | |||
2026 | 2025 | 2026 | 2025 | 2026 | 2025 | |
Fixed - 11.75% | 101.53 | N/T | 99.21 | N/T | 99.21 | N/T |
(b) | Interest Rates |
Debentures - 2021/2028 | 2026 | 2025 | ||
Coupon rate | Effective rate | Coupon rate | Effective rate | |
Fixed - 9.00% | 9.00% | 9.00% | 9.00% | 9.00% |
Debentures - 2023/2028 | 2026 | 2025 | ||
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 | 2026 | 2025 | ||
Coupon rate | Effective rate | Coupon rate | Effective rate | |
Fixed - 11.75% | 11.75% | 11.75% | 11.75% | 11.75% |
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 |
2026 | 2025 | |
3 Month Treasury Bill | 7.80% | 7.50% |
6 Month Treasury Bill | 8.09% | 7.84% |
5 Year Treasury Bond | 9.91% | 10.33% |
7 Year Treasury Bond | 10.66% | 10.91% |
(d) | Current Yield & Yield to Maturity |
Debentures - 2021/2028 | Fixed | |
9.00% | ||
2026 | 2025 | |
Current yield | N/T | N/T |
Yield to maturity of last trade | N/T | N/T |
Debentures - 2023/2028 | Fixed | Floating | ||
28.00% | ||||
2026 | 2025 | 2026 | 2025 | |
Current yield | 22.07% | 20.74% | N/T | N/T |
Yield to maturity of last trade | 11.38% | 12.76% | N/T | N/T |
Debentures - 2025/2030 | Fixed | |
11.75% | ||
2026 | 2025 | |
Current yield | 11.84% | N/T |
Yield to maturity of last trade | 12.01% | N/T |
N/T - Not Traded
(e) | Ratios - Bank | ||
31.03.2026 | 31.12.2025 | ||
Debt to Equity Ratio (%) | 15.1 | 14.5 | |
Interest Cover (Times) | 11.0 | 15.9 | |
Quick Asset Ratio (%) | 72.5 | 71.2 |
19
Item | As at | As at | As at | As at |
31st March 2026 | 31st December 2025 | 31st March 2026 | 31st December 2025 | |
Bank | Group | |||
Regulatory Capital Adequacy (Rs 000) | ||||
Common Equity Tier 1 Capital | 143,731,429 | 145,012,150 | 157,298,961 | 158,535,476 |
Tier 1 Capital | 143,731,429 | 145,012,150 | 157,298,961 | 158,535,476 |
Total Regulatory Capital | 172,384,088 | 173,589,749 | 186,821,703 | 187,887,067 |
Regulatory Capital Ratios (%) | ||||
Common Equity Tier 1 Capital Ratio | 13.17 | 14.75 | 13.44 | 15.05 |
(Minimum Requirement: 8.0%) | ||||
Tier 1 Capital Ratio | 13.17 | 14.75 | 13.44 | 15.05 |
(Minimum Requirement: 9.5%) | ||||
Total Capital Ratio | 15.79 | 17.65 | 15.97 | 17.83 |
(Minimum Requirement: 13.5%) | ||||
Basel III Leverage Ratio % (Minimum Requirement - 3%) | 6.66 | 7.13 | 6.95 | 7.47 |
As at | As at | |
31st March 2026 | 31st December 2025 | |
Bank | ||
Regulatory Liquidity Requirement Liquidity Coverage Ratio (%) - Rupee (Minimum Requirement - 100%) | 240.14 | 283.45 |
Liquidity Coverage Ratio (%) - All Currency (Minimum Requirement - 100%) | 187.87 | 239.79 |
Net Stable Funding Ratio (%) (Minimum Requirement - 100%) Assets Quality (Quality of Loan Portfolio) | 161.30 | 173.00 |
Impaired Loans (Stage 3) to Total Loans Ratio (%) | 3.01 | 3.31 |
Impairment (Stage 3) to Stage 3 Loans Ratio (%) | 60.82 | 60.44 |
Income & Profitability | ||
Net Interest Margin (%) | 4.09 | 4.11 |
Return on Assets (Before Tax) (%) | 1.68 | 2.60 |
Return on Equity (After Tax) (%) | 14.05 | 17.93 |
Cost to Income Ratio (%) | 44.99 | 42.71 |
Memorandum Information | ||
Credit Rating - Fitch | AA- (lka) | AA- (lka) |
Number of Employees | 5,023 | 4,917 |
Number of Branches | 229 | 229 |
20
VAT REGISTRATION NUMBER |
134001194-7000 |
CHIEF COMPLIANCE OFFICER |
Mr Sudharshana Jayasekera |
NAME OF THE COMPANY |
Sampath Bank PLC |
SUBSIDIARIES |
Sampath Centre Ltd |
Sampath Securities (Pvt) Ltd |
Siyapatha Finance PLC |
Sampath Information Technology Solutions Ltd |
COMPANY REGISTRATION NUMBER |
PQ 144 |
LEGAL FORM |
A Public Limited Liability Company incorporated in Sri Lanka on 10th March 1986 under the Companies Act No. 17 of 1982 and listed on the Colombo Stock Exchange, re-registered on 28th April 2008 under the Companies Act No. 07 of 2007. A Licensed Commercial Bank under the Banking Act No. 30 of 1988. |
ACCOUNTING YEAR END |
31 December |
BOARD OF DIRECTORS |
Mr Harsha Amarasekera Mr Rushanka Silva Mr Dilip de S Wijeyeratne Ms Aroshi Nanayakkara Mr Vajira Kulatilaka Ms Keshini Jayawardena |
Mr Vinod Hirdaramani |
Mr Hiran Cabraal |
Mr Keith Modder |
Mr Sanjaya Gunawardana - Managing Director/Chief Executive Officer |
Mr Ajantha de Vas Gunasekara - Executive Director/Chief Financial Officer |
HEAD OFFICE & REGISTERED OFFICE |
No. 110, Sir James Peiris Mawatha, Colombo 02, |
Sri Lanka. |
Telephone: |
Main Hotline: + 94112303050 / 1332 |
Fax: +94(011) 2303085 |
SWIFT Code: BSAMLKLX |
AUDITORS |
Messrs KPMG, Chartered Accountants |
LAWYERS |
Messrs Nithya Partners, Attorneys-at-Law |
Messrs Heritage Partners, Attorneys-at-Law |
mgr@oper.sampath.lk |
info@sampath.lk |
COMPANY SECRETARY |
Mr Lasantha Senaratne, Attorney-at-Law |
TAXPAYER IDENTIFICATION NUMBER (TIN) |
134001194 |
FOR INVESTOR RELATIONS, |
PLEASE CONTACT |
Mr Thilina Costa |
Chief Manager - Investor Relations |
Sampath Bank PLC, |
No. 110, Sir James Peiris Mawatha, Colombo 02, Sri Lanka. |
thilina@credit.sampath.lk |
+94 11 5406963 |
+94 76 5261069 |
CREDIT RATING |
Fitch Ratings Lanka Limited |
National Long -Term Rating: AA-(lka) (Outlook: Stable) |
Subordinated Debentures: A (lka) (Outlook: Stable) |
STOCK EXCHANGE LISTING |
The Ordinary Shares and the Unsecured Subordinated Redeemable Debentures of the Bank are listed on the Colombo Stock Exchange. |
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