Seylan Bank PlcCSELK: SEYB.N0000

Interim Financial Statements for the Quarter ended 31st March 2026

Apr 29, 2026 at 9:59 AM UTC · Issued by Seylan Bank PLC

‌Seylan Bank PLC‌

Interim Financial Statements

For the 03 Months Ended 31st March 2026

‌Seylan Bank reports PAT of LKR 2.91 Bn in Q1 - 2026

Profit before Income Tax - LKR 4.5 Bn up by 8.31%
Profit after Tax - LKR 2.9 Bn up by 5.25%
Total Assets reach LKR 943 Bn
Return on Equity (ROE) of 14.39%
Impaired Loans (Stage 3) Ratio at 1.01%

The Bank recorded a Profit Before Income Tax (PBT) of LKR 4,548 Mn in Q1 2026, against LKR 4,199 Mn reflecting a growth of 8.31%.

For the three months ended 31st March 2026, Profit after Tax recorded by Seylan Bank was LKR 2,906 Mn with a growth of 5.25% against LKR 2,761 Mn recorded in the corresponding period of 2025.

Statement of Financial Performance

Net interest income increased from LKR 8,587 Mn to LKR 9,734 Mn, an increase of 13.37% over the previous year for the 3 months ended 31st March 2026 mainly due to the significant growth in bank's assets base over the last 12 months from LKR 785 Bn as end of Q1 2025 to LKR 943 Bn as at 31st March 2026. The Bank's Net Interest Margin (NIM) also moderated from 4.50% in 2025 to 4.23% during Q1 2026.

Meanwhile, the Bank's net fee-based income recorded a growth of 24.04%, increasing from LKR 1,863 Mn to LKR 2,311 Mn, primarily driven by fee income from Cards, Remittances, Trade, and other financial services.

Other income captions comprising of net gains / losses from trading, net gains from derecognition of financial assets and net other operating income, reflected a reduction mainly due to decline in mark to market gains from government securities and equity investments with the prevailing market interest rates and price movements, however exchange income showed an increase, due to higher forex trade volumes.

The Bank's total operating income was recorded as LKR 12,375 Mn, an increase of 12.57% compared to LKR 10,994 Mn recorded in the corresponding period of 2025, driven mainly by the increase in net interest income, net fee and commission income.

Total operating expenses increased by 19.40%, rising from LKR 5,135 Mn in Q1 2025 to LKR 6,131Mn in Q1 2026. Personnel expenses grew by 15.41%, from LKR 2,806 Mn to LKR 3,238 Mn, primarily due to annual revision to staff-related costs. Other operating expenses, including depreciation and amortization, increased by 24.21%, reflecting higher prices of consumables, card related expenses and other related services over the period. The Bank continues to implement targeted cost optimization initiatives to manage expenses efficiently.

The Bank recorded an impairment charge of LKR 100 Mn in Q1 2026, lower than LKR 225 Mn in Q1 2025 with a reduction of 55.57%. The Bank has ensured Impairment provisions are made prudently to reflect changes in the global and local economy, customer credit risk profiles, and the overall credit quality of the Bank's loan portfolio, ensuring adequacy of provisions recognized in

the financial statements. The Bank's asset quality ratios demonstrated continued strength, with the Impaired Loan (Stage 3) Ratio at 1.01% (2025: 1.03%) and the Stage 3 Provision Cover Ratio at 86.23% as at 31 March 2026, among the highest in the banking industry.

Income tax expenses for Q1 2026 amounted to LKR 1,643 Mn, compared to LKR 1,438 Mn reported for Q1 2025. Value Added Tax (VAT) on Financial Services increased from LKR 1,260 Mn to LKR 1,402 Mn and Social Security Contribution Levy (SSCL) increased from LKR 175 Mn to LKR 195 Mn, marking a 11.25 % increase over the corresponding period.

The Bank recorded a Profit After Tax (PAT) of LKR 2,906 Mn during Q1 2026, reflecting a growth of 5.25% compared to the corresponding period in 2025.

Statement of Financial Position

The Bank's total assets increased from LKR 921 Bn to LKR 943 Bn during Q1 2026, reflecting steady growth over the previous quarter. The Bank actively pursued new-to-bank loans and deposits while retaining its existing customer base. Loans and Advances grew to LKR 628 Bn and deposits rose to LKR 743 Bn. The Bank's CASA ratio was maintained at 28%.

Key financial ratios and indicators

As of 31 March 2026, Bank remained well-capitalized, with capital adequacy ratios comfortably above regulatory minimums. The CET1 and Total Tier 1 Capital Ratios were 11.40%, while the Total Capital Ratio stood at 16.38%, reflecting a strong capital base.

The Bank maintained the Liquidity Coverage Ratio (LCR) well above the statutory requirement. All Currency LCR Ratio and the Rupee LCR Ratio were maintained at 192.49% and 188.30% respectively.

The Return on Equity (ROE) stood at 14.39% (2025 - 15.89%) and Return on Average Assets (profit before tax) stood at 1.98% (2025 - 2.31%) for the year under review.

The Bank's Earnings per Share stood at LKR 4.57 in Q1 2026 compared to LKR 4.34 reported in previous year. The Bank's Net Assets Value per Share stood at LKR 128.86 as at 31 March 2026 (Group - LKR 132.17).

During Q1 2026, Seylan Bank expanded its flagship CSR initiative by opening 2 "Seylan Pahasara Libraries", bringing the total number of libraries established to 291. This milestone underscores the Bank's continued commitment to fostering education and supporting underprivileged schools across the island by improving access to knowledge and learning resources.

The National Long-Term Rating of Seylan Bank, was upgrade by two notches to A+(lka) with a Stable Outlook by Fitch Ratings in 2025.

Seylan Bank PLC
Income Statement
(In terms of Rule 7.4 of the Colombo Stock Exchange)
( Amounts in LKR Thousands )
		Bank			Group

	For the Three Months Ended			For the Three Months Ended
	31st March			31st March
	2026	2025	Growth	2026	2025	Growth
			%			%
Interest Income	22,797,220	19,483,400	17.01	22,810,309	19,497,520	16.99
Less : Interest Expenses	13,062,962	10,896,804	19.88	12,978,827	10,815,691	20.00
Net Interest Income	9,734,258	8,586,596	13.37	9,831,482	8,681,829	13.24
Fee and Commission Income	2,794,947	2,184,638	27.94	2,794,923	2,184,600	27.94
Less : Fee and Commission Expenses	483,675	321,325	50.53	483,675	321,325	50.53
Net Fee and Commission Income	2,311,272	1,863,313	24.04	2,311,248	1,863,275	24.04
Net Gains / (Losses) from Trading	(218,191)	111,773	(295.21)	(218,191)	111,773	(295.21)
Net Gains from Derecognition of Financial Assets	15,053	23,750	(36.62)	15,053	23,750	(36.62)
Net Other Operating Income	533,089	408,535	30.49	427,774	308,201	38.80
Total Operating Income	12,375,481	10,993,967	12.57	12,367,366	10,988,828	12.54
Less : Impairment Charges	100,151	225,427	(55.57)	100,151	225,427	(55.57)
Net Operating Income	12,275,330	10,768,540	13.99	12,267,215	10,763,401	13.97
Less : Operating Expenses
Personnel Expenses	3,238,004	2,805,662	15.41	3,252,455	2,818,110	15.41
Depreciation and Amortisation Expenses	369,794	338,953	9.10	381,392	352,170	8.30
Other Expenses	2,523,029	1,990,027	26.78	2,551,676	2,006,068	27.20
Total Operating Expenses	6,130,827	5,134,642	19.40	6,185,523	5,176,348	19.50

Operating Profit before Taxes	6,144,503	5,633,898	9.06	6,081,692	5,587,053	8.85
Less : Value Added Tax on Financial Services	1,401,547	1,259,776	11.25	1,401,547	1,259,776	11.25
Less : Social Security Contribution Levy	194,659	174,971	11.25	194,659	174,971	11.25
Profit before Income Tax	4,548,297	4,199,151	8.31	4,485,486	4,152,306	8.02
Less : Income Tax Expense	1,642,672	1,438,466	14.20	1,665,930	1,461,672	13.97
Profit for the Period	2,905,625	2,760,685	5.25	2,819,556	2,690,634	4.79
Profit Attributable to :
Equity Holders of the Bank	2,905,625	2,760,685	5.25	2,809,653	2,679,317	4.86
Non-controlling Interest	-	-	-	9,903	11,317	(12.49)
Profit for the Period	2,905,625	2,760,685	5.25	2,819,556	2,690,634	4.79
Basic/Diluted Earnings per Ordinary Share (Rs.)	4.57	4.34	5.25	4.42	4.22	4.86

Seylan Bank PLC
Statement of Profit or Loss and Other Comprehensive Income
(In terms of Rule 7.4 of the Colombo Stock Exchange)
( Amounts in LKR Thousands )
		Bank			Group

	For the Three Months Ended			For the Three Months Ended
	31st March			31st March
	2026	2025	Growth	2026	2025	Growth
			%			%
Profit for the Period	2,905,625	2,760,685	5.25	2,819,556	2,690,634	4.79
Other Comprehensive Income/ (Loss), net of Tax
Items that are or may be Reclassified to Income Statement in Subsequent Periods
Net Gains / (Losses) on Investments in Debt Instruments measured at Fair Value through Other Comprehensive Income	(689,172)	326,139	(311.31)	(694,704)	326,111	(313.03)
Deferred Tax effect relating to items that are or may be Reclassified to Income Statement	206,751	(97,842)	311.31	208,411	(97,834)	313.03
Items that will never be Reclassified to Income Statement in Subsequent Periods
Net Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other Comprehensive Income	112,810	(99,473)	213.41	112,810	(99,473)	213.41
Deferred Tax effect relating to items that will never be Reclassified to Income Statement	-	-	-	-	-	-
Other Comprehensive Income for the Period, net of Taxes	(369,611)	128,824	(386.91)	(373,483)	128,804	(389.96)

Total Comprehensive Income for the Period	2,536,014	2,889,509	(12.23)	2,446,073	2,819,438	(13.24)
Total Comprehensive Income Attributable to:
Equity Holders of the Bank	2,536,014	2,889,509	(12.23)	2,437,150	2,808,126	(13.21)
Non-controlling interest	-	-	-	8,923	11,312	(21.12)
Total Comprehensive Income for the Period	2,536,014	2,889,509	(12.23)	2,446,073	2,819,438	(13.24)

‌Seylan Bank PLC
Statement of Financial Position
(In terms of Rule 7.4 of the Colombo Stock Exchange)
(Amounts in LKR Thousands )
		Bank				Group
	As at	As at	Growth		As at	As at	Growth
	31.03.2026	31.12.2025	%		31.03.2026	31.12.2025	%
		(Audited)				(Audited)
Assets
Cash and Cash Equivalents	19,324,440	18,202,545	6.16		19,324,480	18,202,585	6.16
Balances with Central Bank of Sri Lanka	8,986,914	11,218,110	(19.89)		8,986,914	11,218,110	(19.89)
Placements with Banks and Finance Companies	22,971,172	32,006,116	(28.23)		22,971,172	32,006,116	(28.23)
Derivative Financial Instruments	331,457	200,648	65.19		331,457	200,648	65.19
Financial Assets recognised through Profit or Loss
- Measured at Fair Value	17,433,515	14,959,447	16.54		17,433,515	14,959,447	16.54
Financial Assets at Amortised Cost
- Loans and Advances	627,728,039	599,801,944	4.66		627,728,039	599,801,944	4.66
- Debt and Other Instruments	121,904,125	120,394,298	1.25		121,968,367	120,489,193	1.23
Financial Assets measured at Fair Value through Other Comprehensive Income	91,194,952	92,796,261	(1.73)		91,553,891	93,167,635	(1.73)
Investment in Subsidiary	1,153,602	1,153,602	-		-	-	-
Group Balances Receivable	165,679	40,480	309.29		-	-	-
Property, Plant & Equipment	5,590,519	5,672,416	(1.44)		8,421,341	8,502,813	(0.96)
Right-of-use Assets	5,643,931	5,483,485	2.93		3,287,111	3,117,002	5.46
Investment Properties	-	-	-		822,134	825,593	(0.42)
Intangible Assets	884,905	896,209	(1.26)		898,251	897,908	0.04
Deferred Tax Assets	3,638,680	3,431,810	6.03		2,935,292	2,731,914	7.44
Other Assets	16,412,066	14,745,802	11.30		16,475,834	14,789,172	11.40
Total Assets	943,363,996	921,003,173	2.43		943,137,798	920,910,080	2.41
Liabilities
Due to Banks	21,776,408	23,898,752	(8.88)		21,776,408	23,898,752	(8.88)
Derivative Financial Instruments	194,183	6,413	2,927.96		194,183	6,413	2,927.96
Financial Liabilities at Amortised Cost
- Due to Depositors	742,544,680	732,960,379	1.31		742,544,680	732,960,379	1.31
- Due to Debt Securities Holders	13,014,827	5,203,644	150.11		13,014,827	5,203,644	150.11
- Due to Other Borrowers	16,106	16,354	(1.52)		16,106	16,354	(1.52)
Group Balances Payable	281,378	221,437	27.07		-	-	-
Debt Securities Issued	41,068,384	40,131,478	2.33		41,068,384	40,131,478	2.33
Retirement Benefit Obligations	3,650,405	3,626,538	0.66		3,645,196	3,621,329	0.66
Current Tax Liabilities	8,889,811	8,607,524	3.28		8,924,483	8,634,268	3.36
Lease Liabilities	6,197,700	6,030,361	2.77		3,005,774	2,838,264	5.90
Other Provisions	4,524,000	4,678,137	(3.29)		4,556,141	4,707,631	(3.22)
Other Liabilities	19,298,754	13,708,221	40.78		19,314,443	13,675,453	41.23
Total Liabilities	861,456,636	839,089,238	2.67		858,060,625	835,693,965	2.68
Equity
Stated Capital	21,693,370	21,693,370	-		21,693,370	21,693,370	-
Statutory Reserve Fund	3,988,952	3,988,952	-		3,988,952	3,988,952	-
Fair Value through Other Comprehensive Income Reserve	1,243,241	1,614,071	(22.97)		1,220,618	1,594,340	(23.44)
Retained Earnings	51,574,563	51,237,691	0.66		52,373,537	52,132,637	0.46
Other Reserves	3,407,234	3,379,851	0.81		4,734,239	4,706,856	0.58
Total Shareholders' Equity	81,907,360	81,913,935	(0.01)		84,010,716	84,116,155	(0.13)
Non-controlling Interest	-	-	-		1,066,457	1,099,960	(3.05)
Total Equity	81,907,360	81,913,935	(0.01)		85,077,173	85,216,115	(0.16)

Total Equity & Liabilities	943,363,996	921,003,173	2.43		943,137,798	920,910,080	2.41

Contingent Liabilities and Commitments	307,221,727	292,985,888	4.86		307,235,171	293,010,210	4.85

Memorandum Information
Number of Employees	3,290	3,243	1.45		3,308	3,261	1.44
Number of Banking Centres	172	172	-		172	172	-

Net Assets Value per Ordinary Share (Rs.)	128.86	128.87	(0.01)		132.17	132.33	(0.12)
Certification;
I certify that the above Financial Statements are in compliance with the requirements of the Companies Act No. 07 of 2007.
(Sgd.)
Shanuka Jayarathna
Chief Financial Officer
We the undersigned, being the Chairman, Director/ Chief Executive Officer of Seylan Bank PLC certify jointly that,
a ) the above statements have been prepared in compliance with the format and definitions prescribed by the Central Bank of Sri Lanka; and
b ) the information contained in these statements have been extracted from the un-audited financial statements of the Bank & Group unless indicated as audited.
(Sgd.)					(Sgd.)
Justice Buwaneka Aluwihare PC				Ramesh Jayasekara
Chairman				Director/Chief Executive Officer
April 28, 2026
Colombo

	Seylan Bank PLC
	Statement of Changes in Equity
	For the Three Months ended 31st March - Bank
(Amounts in LKR Thousands )
		Stated Capital		Statutory Reserve Fund *	Retained Earnings	FVOCI Reserve		Other Reserves		Total
	Ordinary Shares - Voting		Ordinary Shares - Non Voting	Statutory Reserve Fund *	Retained Earnings		Revaluation Reserve	Special Reserve	Other Reserves
						**		***

1	Balance as at 01st January 2025	13,172,977	8,520,393	3,383,537	41,525,916	530,760	2,070,817	583,497	700,575	70,488,472
	Total Comprehensive Income for the Period
	Profit for the Period	-	-	-	2,760,685	-	-	-	-	2,760,685
	Other Comprehensive Income (net of tax)
	- Net Gains on Investments in Debt Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	228,297	-	-	-	228,297
	- Net Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	(99,473)	-	-	-	(99,473)
2	Total Comprehensive Income for the Period	-	-	-	2,760,685	128,824	-	-	-	2,889,509
	Transactions with Equity Holders , Recognised Directly In Equity
	Cash Dividend	-	-	-	(2,224,766)	-	-	-	-	(2,224,766)
	Transferred to Special Reserve***	-	-	-	(19,214)	-	-	19,214	-	-
3	Total Transactions with Equity Holders	-	-	-	(2,243,980)	-	-	19,214	-	(2,224,766)
	Balance as at 31st March 2025 (1+2+3)	13,172,977	8,520,393	3,383,537	42,042,621	659,584	2,070,817	602,711	700,575	71,153,215

1	Balance as at 01st January 2026	13,172,977	8,520,393	3,988,952	51,237,691	1,614,071	2,070,817	660,333	648,701	81,913,935
	Total Comprehensive Income for the Period
	Profit for the Period	-	-	-	2,905,625	-	-	-	-	2,905,625
	Other Comprehensive Income (net of tax)
	- Net Gains on Investments in Debt Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	(482,421)	-	-	-	(482,421)
	- Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	112,810	-	-	-	112,810
2	Total Comprehensive Income for the Period	-	-	-	2,905,625	(369,611)	-	-	-	2,536,014
	Transactions with Equity Holders , Recognised Directly In Equity
	Cash Dividend	-	-	-	(2,542,589)	-	-	-	-	(2,542,589)
	Net Gains on Disposal of Equity Investments measured at Fair Value through Other Comprehensive Income	-	-	-	1,219	(1,219)	-	-	-	-
	Transferred to Special Reserve***	-	-	-	(27,383)	-	-	27,383	-	-
3	Total Transactions with Equity Holders	-	-	-	(2,568,753)	(1,219)	-	27,383	-	(2,542,589)
	Balance as at 31st March 2026 (1 + 2 + 3)	13,172,977	8,520,393	3,988,952	51,574,563	1,243,241	2,070,817	687,716	648,701	81,907,360
	* Statutory Reserve Fund represents the statutory requirement in terms of the Section 20(1) and (2) of the Banking Act No. 30 of 1988 (5% of net profit after tax).
	** FVOCI Reserve - Fair Value through Other Comprehensive Income Reserve.
	*** Special Reserve was created for Restructured International Sovereign Bonds as per CBSL Instructions (02/17/500/0819/016) dated 13 Feb 2025 and included in other reserves.
					-

Seylan Bank PLC Statement of Changes in Equity For the Three Months ended 31st March - Group

Other Reserves

Stated Capital

(Amounts in LKR Thousands )

Ordinary Shares Ordinary Shares

Statutory Reserve Fund

Retained Earnings

FVOCI

Reserve

Revaluation

Special Reserve

Other Reserves

Total

Non -Controlling

Total Equity

- Voting

- Non Voting *

Reserve

** ***

Interest

1 Balance as at 01st January 2025	13,172,977	8,520,393	3,383,537	42,360,589	513,900	3,092,283	583,497	977,742	72,604,918	1,070,894	73,675,812
Total Comprehensive Income for the Period Profit for the Period	-	-	-	2,679,317	-	-	-	-	2,679,317	11,317	2,690,634
Other Comprehensive Income (net of tax) - Net Gains on Investments in Debt Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	228,282	-	-	-	228,282	(5)	228,277
- Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	(99,473)	-	-	-	(99,473)	-	(99,473)
2 Total Comprehensive Income for the Period	-	-	-	2,679,317	128,809	-	-	-	2,808,126	11,312	2,819,438
Transactions with Equity Holders , Recognised Directly In Equity
Cash Dividend	-	-	-	(2,224,766)	-	-	-	-	(2,224,766)	(38,891)	(2,263,657)
Transferred to Special Reserve***	-	-	-	(19,214)	-	-	19,214	-	-	-	-
3 Total Transactions with Equity Holders	-	-	-	(2,243,980)	-	-	19,214	-	(2,224,766)	(38,891)	(2,263,657)
Balance as at 31st March 2025 (1+2+3)	13,172,977	8,520,393	3,383,537	42,795,926	642,709	3,092,283	602,711	977,742	73,188,278	1,043,315	74,231,593

1 Balance as at 01st January 2026	13,172,977	8,520,393	3,988,952	52,132,637	1,594,340	3,120,655	660,333	925,868	84,116,155	1,099,960	85,216,115
Total Comprehensive Income for the Period

Profit for the Period -		-	- 2,809,653		-	-	-	-	2,809,653	9,903	2,819,556
Other Comprehensive Income (net of tax)
- Net Gains on Investments in Debt Instruments measured at Fair Value through Other
Comprehensive Income -		-	- -		(485,313)	-	-	-	(485,313)	(980)	(486,293)
- Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other
Comprehensive Income -		-	- -		112,810	-	-	-	112,810	-	112,810
2 Total Comprehensive Income for the Period -		-	- 2,809,653		(372,503)	-	-	-	2,437,150	8,923	2,446,073
Transactions with Equity Holders , Recognised Directly In Equity Cash Dividend	-	-	-	(2,542,589)	-	-	-	-	(2,542,589)	(42,426)	(2,585,015)
Net Gains on Disposal of Equity Investments measured at Fair Value through Other Comprehensive
Income	-	-	-	1,219	(1,219)	-	- -		-	-	-
Transferred to Special Reserve***	-	-	-	(27,383)	-	-	- 27,383		-	-	-
3 Total Transactions with Equity Holders	-	-	-	(2,568,753)	(1,219)	-	- 27,383		(2,542,589)	(42,426)	(2,585,015)
Balance as at 31st March 2026 (1 + 2 + 3)	13,172,977	8,520,393	3,988,952	52,373,537	1,220,618	3,120,655	660,333 953,251		84,010,716	1,066,457	85,077,173

* Statutory Reserve Fund represents the statutory requirement in terms of the Section 20(1) and (2) of the Banking Act No. 30 of 1988 (5% of net profit after tax).

** FVOCI Reserve - Fair Value through Other Comprehensive Income Reserve.

*** Special Reserve was created for Restructured International Sovereign Bonds as per CBSL Instructions (02/17/500/0819/016) dated 13 Feb 2025 and included in other reserves.

Statement of Cash Flows	Bank		Group
For the Three months ended 31st March	2026	2025	2026	2025
	LKR '000	LKR '000	LKR '000	LKR '000
Cash Flows from Operating Activities
Interest Receipts	20,793,296	18,561,897	20,806,385	18,576,017
Interest Payments	(9,580,934)	(8,031,469)	(9,576,600)	(8,029,931)
Net Fee and Commission Receipts	2,311,272	1,863,313	2,311,248	1,863,275
Trading Income	26,618	67,800	26,618	67,800
Payments to Employees	(3,139,995)	(2,610,166)	(3,154,446)	(2,622,614)
VAT and SSCL on Financial Services Paid	(1,769,211)	(1,291,244)	(1,769,211)	(1,291,244)
Receipts from Other Operating Activities	638,274	393,629	639,378	356,216
Payments on Other Operating Activities	(2,353,506)	(2,277,821)	(2,382,153)	(2,307,079)
Repayment of Interest Portion of Lease Liabilities	(145,258)	(137,490)	(65,457)	(57,915)
Operating Profit before Changes in Operating Assets and Liabilities	6,780,556	6,538,449	6,835,762	6,554,525
(Increase)/Decrease in Operating Assets :
Balances with Central Bank of Sri Lanka	2,231,196	(286,253)	2,231,196	(286,253)
Financial Assets at Amortized Cost - Loans and Advances	(27,213,068)	(5,981,592)	(27,213,068)	(5,981,592)
Other Assets	(2,018,478)	(39,408)	(1,923,340)	47,880
Increase/(Decrease) in Operating Liabilities :
Financial Liabilities at Amortized Cost - Due to Depositors	7,848,477	(1,225,699)	7,848,477	(1,225,699)
Financial Liabilities at Amortized Cost - Due to Debt Securities Holders	7,805,212	707,683	7,805,212	707,683
Financial Liabilities at Amortized Cost - Due to Other Borrowers	(248)	(1,861)	(248)	(1,861)
Other Liabilities	2,863,510	697,730	2,607,305	611,237
Due to Banks	(2,122,344)	(782,995)	(2,122,344)	(782,995)
Cash Generated from Operating Activities before Income Tax	(3,825,187)	(373,947)	(3,931,048)	(357,076)
Income Tax Paid	(1,359,529)	(968,514)	(1,360,706)	(970,285)
Net Cash Used in Operating Activities	(5,184,716)	(1,342,460)	(5,291,754)	(1,327,360)
Cash Flows from Investing Activities
Purchase of Property , Plant & Equipment	(88,239)	(170,293)	(88,239)	(170,929)
Proceeds from Sale of Property , Plant & Equipment	6,998	278	6,998	278
Improvements in Investment Properties	-	-	(4,375)	(2,480)
Net Cash Flow from Financial Assets - FVTPL	(2,026,684)	3,971,924	(2,026,684)	3,971,924
Net Cash Flow from Debt Instruments at Amortised Cost	(2,875,937)	16,096,807	(2,832,849)	16,116,691
Net Cash Flow from Financial Assets - FVOCI	1,398,880	(25,694,494)	1,398,880	(25,723,977)
Reverse Repurchase Agreements	1,339,132	1,608,211	1,339,132	1,608,211
Purchase of Intangible Assets	(47,796)	(19,323)	(59,443)	(19,323)
Dividend Received from Other Investments	2,528	1,128	2,528	1,128
Net Cash Used in Investing Activities	(2,291,117)	(4,205,762)	(2,264,051)	(4,218,477)
Cash Flows from Financing Activities
Interest Paid on Subordinated Debt	(341,937)	(189,126)	(341,937)	(189,126)
Repayment of Principal Portion of Lease Liabilities	(102,637)	(94,620)	(22,665)	(97,005)
Net Cash Used In Financing Activities	(444,574)	(283,746)	(364,602)	(286,131)
Net Decrease in Cash and Cash Equivalents	(7,920,407)	(5,831,968)	(7,920,407)	(5,831,968)
Cash and Cash Equivalents at Beginning of the Year	50,216,019	67,641,922	50,216,557	67,642,460
Cash and Cash Equivalents at End of the Period	42,295,612	61,809,954	42,296,150	61,810,492

‌EXPLANATORY NOTES

General
The Financial Statements of the Bank and Group have been prepared in accordance with the Sri Lanka Accounting
Standards (SLFRSs/LKASs) issued by The Institute of Chartered Accountants of Sri Lanka.
There are no changes to the accounting policies and methods of computation since the publication of the last Annual Report.
The Interim Financial Statements of the Bank and the Group have been prepared and presented in accordance with the Sri Lanka Accounting Standards (LKAS/SLFRS) and provided necessary disclosure to comply with LKAS 34, Interim Financial Reporting.
The Group Financial Statements comprise of the consolidated Financial Statements of the Bank and its subsidiary Seylan Developments PLC (74.69%).

Information on Ordinary Shares

Market Price (LKR)	31/03/2026		31/03/2025
	Voting	Non-Voting	Voting	Non-Voting
Market Price Per Share	105.25	70.60	72.50	53.10
Highest price per share during the quarter ended	118.00	81.00	88.00	63.90
Lowest price per share during the quarter ended	95.00	64.90	67.00	49.50

Stated Capital as at March 31, 2026	No. of Shares	Stated Capital (LKR.'000)
Ordinary Voting	305,236,937	13,172,977
Ordinary Non-Voting	330,410,398	8,520,393
Total	635,647,335	21,693,370

Shareholders Information

Twenty Largest Ordinary Voting Shareholders as at March 31, 2026

		No. of Shares	%
1	Brown & Company PLC A/C No. 1	31,979,642	10.48
2	Sri Lanka Insurance Corporation Ltd-General Fund	30,523,687	10.00
3	Employee's Provident Fund	30,088,766	9.86
4	Sampath Bank PLC/ LOLC Investments Ltd	28,559,742	9.36
5	National Development Bank PLC	26,631,495	8.72
6	Sampath Bank PLC/ Ambeon Holdings PLC	25,000,000	8.19
7	Seylan Bank PLC A/C No.04-Employees Gratuity Trust Fund	20,272,555	6.64
8	Bank of Ceylon No. 1 Account	17,169,574	5.62
9	Sri Lanka Insurance Corporation Ltd-Life Fund	15,261,841	5.00
10	Commercial Bank of Ceylon PLC/ Phantom Investments (Private) Limited	15,105,970	4.95
11	Sampath Bank PLC/Brown and Company PLC	10,371,776	3.40
12	Employees Trust Fund Board	5,235,318	1.72
13	Ambeon Holdings PLC	4,296,829	1.41
14	First Capital Holdings PLC	4,044,795	1.33
15	Hatton National Bank PLC/Phantom Investments (Private) Limited	2,620,308	0.86
16	NDB Capital Holdings Limited Account No-02	2,391,656	0.78
17	Deutsche Bank AG as Trustee to Assetline Income Plus Growth Fund	2,000,000	0.66
18	DFCC Bank PLC/Ambeon Holdings PLC	1,000,000	0.33
19	Mr. D.C. Fernando	924,802	0.30
20	Commercial Bank of Ceylon PLC/P. A. De Silva	798,455	0.26

Twenty Largest Ordinary Non-Voting Shareholders as at March 31, 2026

		No. of Shares	%
1	Sampath Bank PLC/ LOLC Holdings PLC	146,722,737	44.41
2	LOLC Holdings PLC	23,775,575	7.20
3	Employee's Provident Fund	17,623,958	5.33
4	Akbar Brothers Pvt Ltd	7,267,772	2.20
5	Auerbach Grayson and Company LLC	4,526,357	1.37
6	Sampath Bank PLC/Andaradeniya Estate Private Limited	3,536,313	1.07
7	Commercial Bank of Ceylon PLC/W. Jinadasa	2,950,000	0.89
8	LOLC Technology Services Limited	2,885,232	0.87
9	Mr. N. Balasingam	2,584,925	0.78
10	J.B. Cocoshell (Pvt) Ltd	2,515,708	0.76
11	Hatton National Bank PLC/Arunasalam Sithampalam	2,239,527	0.68
12	Finco Holdings (Private) Limited	2,159,137	0.65
13	Mr. R. Gautam	1,958,545	0.59
14	Janashakthi Insurance PLC-Shareholders	1,915,900	0.58
15	Bank of Ceylon A/C NDB Wealth Growth Fund	1,758,078	0.53
16	Deutsche Bank AG Trustee to Lynear Wealth Dynamic Opportunities Fund	1,649,750	0.50
17	First Capital Holdings PLC	1,645,946	0.50
18	Nuwara Eliya Property Developers (Pvt) Ltd	1,626,738	0.49
19	DFCC Bank PLC A/C No.02	1,601,458	0.48
20	Miss. S. Durga	1,575,235	0.48

Public Holding as at March 31, 2026

The Bank is compliant under Option 1 of the Section 7.13.1 of the Listing Rules of the Colombo Stock Exchange (Minimum Public Holding requirement).

	Ordinary Voting Shares (Option 1)	Ordinary Non- Voting Shares (Option 1)
Float adjusted market capitalization	LKR 17.631 Bn	LKR 11.071 Bn
Public Holding Percentage	54.88%	47.46%
No. of Public shareholders	12,053	9,375

Directors' and Chief Executive Officer's Shareholdings as at March 31, 2026

Name of Director	No. of Shares	No. of Shares
Name of Director	(Ordinary Voting)	(Ordinary Non- Voting)
Justice Buwaneka P. Aluwihare PC, Independent Director/ Chairman	Nil	Nil
Mr. R. J. Jayasekara, Director/Chief Executive Officer	728	35,174
Mr. D. M. D. K. Thilakaratne, Non-Executive Director	Nil	Nil
Mr. D. M. Rupasinghe, Independent Director	Nil	Nil
Mr. L. H. A. L. Silva, Independent Director	Nil	Nil
Mrs. A. A. Ludowyke, Independent Director	Nil	Nil
Mr. W. D. Batagoda, Non-Executive Director	Nil	Nil
Mrs. R. L. Samarasundera, Independent Director	Nil	Nil

Basic/ Diluted Earnings per Share
Basic Earnings per share has been calculated by dividing profit after tax attributable to the equity holders of the Bank by the weighted average number of shares in issue (both Voting and Non- voting) during the period ended March 31, 2026. Diluted Earnings per Share and the Basic Earnings per Share is the same due to non- availability of potentially dilutive ordinary shares.
Events after the Reporting Date
1. First and Final Dividend for the Financial Year Ended 31st December 2025
  A cash dividend of LKR. 4.00 per ordinary share (for both voting and non-voting) was declared and approved by the shareholders at the Annual General Meeting of the Bank held on March 31, 2026. The ordinary voting and non-voting shareholders of the Bank registered as at the record date (end of trading on April 06, 2026) were entitled for the said dividend. Cash dividend payments were made through SLIPS and RTGS on April 09, 2026 and dividend cheques were posted on April 24, 2026.
2. Debenture Redemption
  60,000,000 Basel III Compliant, Tier 2, Listed, Rated, Unsecured, Subordinated, Redeemable Debentures of LKR.100/- each amounting to LKR. 6,000,000,000/- allotted in April 2021 were matured after 5 years' tenure on 11th April 2026, and then redeemed.
Other Matters
1. Expected Credit Loss Computation
  The Bank's estimated Expected Credit Loss (ECL) was based on the Probability of Default (PD), Loss Given Default (LGD) as at March 31, 2026 and Economic Factor Adjustment (EFA) applying the recent forecasts and projections.
  In addition, where necessary, the Bank has recognized additional provisions for customer exposures assessed on a collective basis, taking into account potential increases in credit risk. Further, management overlays have been applied to customer exposures impacted by Ditwah Cyclone to prudently cover potential future losses.
2. Statement of Alternative Treatment (SoAT) on Reclassification of Debt Portfolio
  The Bank has adopted the above SoAT on Reclassification of Debt Portfolio, issued by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and re-classified its Debt Portfolio of LKR 24.83 Bn from Fair Value Through Other Comprehensive Income (FVOCI) to Amortized Cost (AC) with effect from 01 April 2022, being the 1st day of the reporting period of the quarter ended 30 June 2022, as a one-off reclassification and accounted for in the financials for the six months ended 30 June 2022.
  If the assets lying in the current portfolio had continued to be measured as Fair Value through Other Comprehensive Income, the fair value and the cumulative mark to market loss as at March 31, 2026 would have been LKR. 573 Mn and LKR. 29 Mn respectively.
Comparative Figures

Comparative figures have been re-classified where necessary, to conform to the current period presentation.

During the quarter there were no material changes in Contingent Liabilities, composition of Assets and Liabilities and use of funds raised by the Bank.

All known expenditure items have been provided in these Interim Accounts.

9. Seylan Bank PLC
Segment Reporting (Group)								(Amounts in LKR Thousands)
	Banking		Treasury		Property/ Investments		Unallocated/ Eliminations		Total
	31.03.2026	31.03.2025	31.03.2026	31.03.2025	31.03.2026	31.03.2025	31.03.2026	31.03.2025	31.03.2026	31.03.2025
Interest Income	17,307,391	15,529,135	5,577,055	4,102,871	17,448	15,665	(91,585)	(150,151)	22,810,309	19,497,520
Less: Interest Expenses	10,285,932	9,706,183	2,709,457	1,150,086	25	7	(16,587)	(40,585)	12,978,827	10,815,691
Net Interest Income	7,021,459	5,822,952	2,867,598	2,952,785	17,423	15,658	(74,998)	(109,566)	9,831,482	8,681,829
Fee and Commission Income	2,784,540	2,180,423	5,210	2,192	-	-	5,173	1,985	2,794,923	2,184,600
Less : Fee and Commission Expenses	468,297	314,406	15,378	6,919	-	-	-	-	483,675	321,325
Net Fee and Commission Income	2,316,243	1,866,017	(10,168)	(4,727)	-	-	5,173	1,985	2,311,248	1,863,275
Net Gains/ (Losses) from Trading	-	-	(218,191)	111,773	-	-	-	-	(218,191)	111,773
Net Gains from Derecognition of Financial Assets	-	-	15,053	23,750	-	-	-	-	15,053	23,750
Net Other Operating Income	60,305	51,708	465,795	356,839	103,246	92,669	(201,572)	(193,015)	427,774	308,201
Inter Segment Revenue	(35,418)	(35,530)	-	-	-	-	35,418	35,530	-	-
Total Operating Income	9,362,589	7,705,147	3,120,087	3,440,420	120,669	108,327	(235,979)	(265,066)	12,367,366	10,988,828
Less : Depreciation and Amortization Expenses	248,391	207,481	4,834	4,382	720	257	127,447	140,050	381,392	352,170
Less : Impairment Charges / (Reversals )	91,585	318,043	8,566	(92,616)	-	-	-	-	100,151	225,427
Less : Operating Expenses, VAT & SSCL on Financial Services	5,291,374	4,502,365	597,138	641,144	46,512	29,575	1,465,313	1,085,841	7,400,337	6,258,925
Reportable Segment Profit before Income Tax	3,731,239	2,677,258	2,509,549	2,887,510	73,437	78,495	(1,828,739)	(1,490,957)	4,485,486	4,152,306
Less : Income Tax Expense									1,665,930	1,461,672
Profit For The Period									2,819,556	2,690,634
Profit Attributable To:
Equity Holders of The Bank									2,809,653	2,679,317
Non-controlling Interests									9,903	11,317
Profit For The Period									2,819,556	2,690,634

Other Comprehensive Income, net of Income Tax									(373,483)	128,804
Other Information
Total Assets	627,881,635	483,571,434	295,178,636	280,569,868	6,843,653	6,663,272	13,233,874	14,711,899	943,137,798	785,516,473
Total Liabilities & Equity	765,488,018	678,603,093	143,853,680	75,492,167	6,843,653	6,663,272	26,952,447	24,757,941	943,137,798	785,516,473
Cash Flows from Operating Activities	(6,131,744)	(2,823,634)	2,522,950	2,799,276	46,916	46,914	(1,729,876)	(1,349,916)	(5,291,754)	(1,327,360)
Cash Flows from Investing Activities	(138,348)	(57,414)	(2,116,959)	(4,016,146)	18,210	(13,516)	(26,955)	(131,401)	(2,264,051)	(4,218,477)
Cash Flows from Financing Activities	(102,637)	(174,195)	(341,937)	(189,126)	-	-	79,972	77,190	(364,602)	(286,131)
Capital Expenditure	(71,601)	(57,414)	(14,627)	-	(18,139)	(3,116)	(36,317)	(132,202)	(140,684)	(192,732)

X8A0T

	Seylan Bank PLC
10.	Analysis of Financial Instruments by Measurement Basis - Bank
				(Amounts in LKR Thousands )
			31.03.2026
		Financial Assets	Financial Assets	Financial Assets	Total
		Measured at Fair	Measured at Fair	Measured at
		Value through	Value through	Amortised Cost
		Profit or Loss	Other	(AC)
		(FVTPL)	Comprehensive
			Income (FVOCI)
	Assets
	Cash and Cash Equivalents	-	-	19,324,440	19,324,440
	Balances with Central Bank of Sri Lanka	-	-	8,986,914	8,986,914
	Placements with Banks	-	-	22,971,172	22,971,172
	Derivative Financial Instruments	331,457	-	-	331,457
	Securities Purchased under Resale Agreements	-	-	788,904	788,904
	Customer Loans and Advances	-	-	627,728,039	627,728,039
	Debt Instruments	-	-	686,506	686,506
	Equity Instruments	957,061	2,973,716	-	3,930,777
	Government Securities	16,476,454	88,221,236	120,428,715	225,126,405
	Group Balances Receivable	-	-	165,679	165,679
	Other Financial Assets	-	-	11,102,212	11,102,212
	Total Financial Assets	17,764,972	91,194,952	812,182,581	921,142,505
			Financial	Financial	Total
			Liabilities	Liabilities
			Measured at Fair	Measured at
			Value through	Amortised Cost
			Profit or Loss	(AC)
			(FVTPL)
	Liabilities
	Due to Banks		-	21,776,408	21,776,408
	Derivative Financial Instruments		194,183	-	194,183
	Due to Depositors		-	742,544,680	742,544,680
	Securities Sold under Repurchase Agreements		-	13,014,827	13,014,827
	Due to Other Borrowers		-	16,106	16,106
	Group Balances Payable		-	281,378	281,378
	Debt Securities Issued		-	41,068,384	41,068,384
	Lease Liabilities		-	6,197,700	6,197,700
	Other Financial Liabilities		-	14,727,062	14,727,062
	Total Financial Liabilities		194,183	839,626,545	839,820,728

			31.12.2025
		Financial Assets	Financial Assets	Financial Assets	Total
		Measured at Fair	Measured at Fair	Measured at
		Value through	Value through	Amortised Cost
		Profit or Loss	Other	(AC)
		(FVTPL)	Comprehensive
			Income (FVOCI)
	Assets
	Cash and Cash Equivalents	-	-	18,202,545	18,202,545
	Balances with Central Bank of Sri Lanka	-	-	11,218,110	11,218,110
	Placements with Banks and Finance Companies	-	-	32,006,116	32,006,116
	Derivative Financial Instruments	200,648	-	-	200,648
	Securities Purchased under Resale Agreements	-	-	2,127,724	2,127,724
	Customer Loans and Advances	-	-	599,801,944	599,801,944
	Debt Instruments	-	-	681,840	681,840
	Equity Instruments	622,451	2,863,671	-	3,486,122
	Government Securities	14,336,996	89,932,590	117,584,734	221,854,320
	Group Balances Receivable	-	-	40,480	40,480
	Other Financial Assets	-	-	8,997,551	8,997,551
	Total Financial Assets	15,160,095	92,796,261	790,661,044	898,617,400
			Financial	Financial	Total
			Liabilities	Liabilities
			Measured at Fair	Measured at
			Value through	Amortised Cost
			Profit or Loss	(AC)
			(FVTPL)
	Liabilities
	Due to Banks		-	23,898,752	23,898,752
	Derivative Financial Instruments		6,413	-	6,413
	Due to Depositors		-	732,960,379	732,960,379
	Securities Sold under Repurchase Agreements		-	5,203,644	5,203,644
	Due to other Borrowers		-	16,354	16,354
	Group Balances Payable		-	221,437	221,437
	Debt Securities Issued		-	40,131,478	40,131,478
	Lease Liabilities		-	6,030,361	6,030,361
	Other Financial Liabilities		-	9,821,584	9,821,584
	Total Financial Liabilities		6,413	818,283,989	818,290,402

	Seylan Bank PLC
10.	Analysis of Financial Instruments by Measurement Basis - Group
				(Amounts in LKR Thousands)
			31.03.2026
		Financial Assets	Financial Assets	Financial Assets	Total
		Measured at	Measured at	Measured at
		Fair Value	Fair Value	Amortised Cost
		through Profit or	through Other	(AC)
		Loss (FVTPL)	Comprehensive
			Income (FVOCI)
	Assets
	Cash and Cash Equivalents	-	-	19,324,480	19,324,480
	Balances with Central Bank of Sri Lanka	-	-	8,986,914	8,986,914
	Placements with Banks and Finance Companies	-	-	22,971,172	22,971,172
	Derivative Financial Instruments	331,457	-	-	331,457
	Securities Purchased under Resale Agreements	-	-	788,904	788,904
	Customer Loans and Advances	-	-	627,728,039	627,728,039
	Debt Instruments	-	358,939	686,506	1,045,445
	Equity Instruments	957,061	2,973,716	-	3,930,777
	Government Securities	16,476,454	88,221,236	120,492,957	225,190,647
	Other Financial Assets	-	-	11,150,058	11,150,058
	Total Financial Assets	17,764,972	91,553,891	812,129,030	921,447,893
			Financial	Financial	Total
			Liabilities	Liabilities
			Measured at	Measured at
			Fair Value	Amortised Cost
			through Profit or	(AC)
			Loss (FVTPL)
	Liabilities
	Due to Banks		-	21,776,408	21,776,408
	Derivative Financial Instruments		194,183	-	194,183
	Due to Depositors		-	742,544,680	742,544,680
	Securities Sold under Repurchase Agreements		-	13,014,827	13,014,827
	Due to Other Borrowers		-	16,106	16,106
	Debt Securities Issued		-	41,068,384	41,068,384
	Lease Liabilities		-	3,005,774	3,005,774
	Other Financial Liabilities		-	14,838,560	14,838,560
	Total Financial Liabilities		194,183	836,264,739	836,458,922

			31.12.2025
		Financial Assets	Financial Assets	Financial Assets	Total
		Measured at	Measured at	Measured at
		Fair Value	Fair Value	Amortised Cost
		through Profit or	through Other	(AC)
		Loss (FVTPL)	Comprehensive
			Income (FVOCI)
	Assets
	Cash and Cash Equivalents	-	-	18,202,585	18,202,585
	Balances with Central Bank of Sri Lanka	-	-	11,218,110	11,218,110
	Placements with Banks and Finance Companies	-	-	32,006,116	32,006,116
	Derivative Financial Instruments	200,648	-	-	200,648
	Securities Purchased under Resale Agreements	-	-	2,127,724	2,127,724
	Customer Loans and Advances	-	-	599,801,944	599,801,944
	Debt Instruments	-	-	681,840	681,840
	Equity Instruments	622,451	2,863,671	-	3,486,122
	Government Securities	14,336,996	90,303,964	117,679,629	222,320,589
	Other Financial Assets	-	-	9,018,613	9,018,613
	Total Financial Assets	15,160,095	93,167,635	790,736,561	899,064,291
			Financial	Financial	Total
			Liabilities	Liabilities
			Measured at	Measured at
			Fair Value	Amortised Cost
			through Profit or	(AC)
			Loss (FVTPL)
	Liabilities
	Due to Banks		-	23,898,752	23,898,752
	Derivative Financial Instruments		6,413	-	6,413
	Due to Depositors		-	732,960,379	732,960,379
	Securities Sold under Repurchase Agreements		-	5,203,644	5,203,644
	Due to other Borrowers		-	16,354	16,354
	Debt Securities Issued		-	40,131,478	40,131,478
	Lease Liabilities		-	2,838,264	2,838,264
	Other Financial Liabilities		-	9,887,552	9,887,552
	Total Financial Liabilities		6,413	814,936,423	814,942,836

	Seylan Bank PLC
11.	Analysis of Loans & Advances , Commitments, Contingencies and Impairment
(Amounts in LKR Thousands )
		Bank		Group
		As at	As at	As at	As at
		31.03.2026	31.12.2025	31.03.2026	31.12.2025
11.1	Product-wise Gross Loans & Advances
	By product - Domestic Currency
	Export Bills	45,036	46,964	45,036	46,964
	Import Bills	394,824	416,676	394,824	416,676
	Local Bills	16,974	11,216	16,974	11,216
	Lease Rentals Receivable	41,708,359	36,829,284	41,708,359	36,829,284
	Overdrafts	61,268,516	63,054,131	61,268,516	63,054,131
	Revolving Import Loans	37,400,768	36,218,200	37,400,768	36,218,200
	Packing Credit Loans	6,070,647	6,473,683	6,070,647	6,473,683
	Staff Loans	8,554,697	8,338,417	8,554,697	8,338,417
	Housing Loans	17,843,131	17,695,857	17,843,131	17,695,857
	Pawning Receivables	56,153,289	49,203,725	56,153,289	49,203,725
	Refinance Loans	7,985,319	8,563,067	7,985,319	8,563,067
	Credit Cards	9,801,315	9,642,294	9,801,315	9,642,294
	Margin Trading	17,869,350	16,498,690	17,869,350	16,498,690
	Factoring	1,614,004	1,680,629	1,614,004	1,680,629
	Term Loans	343,900,318	328,644,599	343,900,318	328,644,599
	Total	610,626,548	583,317,432	610,626,548	583,317,432
	By product - Foreign Currency
	Export Bills	2,857,586	2,967,020	2,857,586	2,967,020
	Import Bills	603,599	675,382	603,599	675,382
	Overdrafts	1,499,474	1,357,646	1,499,474	1,357,646
	Revolving Import Loans	290,579	191,756	290,579	191,756
	Packing Credit Loans	13,157,292	14,348,582	13,157,292	14,348,582
	Housing Loans	55,064	60,579	55,064	60,579
	Term Loans	62,778,661	60,822,311	62,778,661	60,822,311
	Total	81,242,637	80,423,276	81,242,637	80,423,276
	Gross Loans and Advances	691,869,185	663,740,708	691,869,185	663,740,708
11.2	Product-wise Commitments and Contingencies
	By product - Domestic Currency
	Commitments
	Undrawn Credit Lines	169,863,605	173,332,376	169,863,605	173,332,376
	Capital Commitments	352,365	255,766	365,809	280,088
	Contingencies
	Acceptances	48,539	3,409	48,539	3,409
	Guarantees	72,012,067	64,560,817	72,012,067	64,560,817
	Documentary Credit	438,017	453,220	438,017	453,220
	Bills for Collection	669,860	774,062	669,860	774,062
	Forward Exchange Contracts (Net)	(29,961,651)	(29,532,485)	(29,961,651)	(29,532,485)
	Total	213,422,802	209,847,166	213,436,246	209,871,488
	By product - Foreign Currency
	Commitments
	Undrawn Credit Lines	13,226,627	10,653,544	13,226,627	10,653,544
	Capital Commitments	1,806,317	944,013	1,806,317	944,013
	Contingencies
	Acceptances	14,425,827	12,836,251	14,425,827	12,836,251
	Standby Letters of Credit	142,317	140,058	142,317	140,058
	Guarantees	4,463,883	4,038,515	4,463,883	4,038,515
	Documentary Credit	22,258,370	18,912,138	22,258,370	18,912,138
	Bills for Collection	7,624,342	6,039,528	7,624,342	6,039,528
	Forward Exchange Contracts (Net)	29,851,241	29,574,676	29,851,241	29,574,676
	Total	93,798,924	83,138,722	93,798,924	83,138,722
	Total Commitments and Contingencies	307,221,727	292,985,888	307,235,171	293,010,210
				-

Seylan Bank PLC
Analysis of Loans & Advances , Commitments, Contingencies and Impairment
(Amounts in LKR Thousands )
			Bank		Group
			As at	As at	As at	As at
			31.03.2026	31.12.2025	31.03.2026	31.12.2025
11.3	Stage-wise Impairment on Loans & Advances, Commitments and Contingencies
	Gross Loans and Advances, Commitments and Contingencies		999,090,912	956,726,596	999,104,356	956,750,918
	Less :	Accumulated Impairment under Stage 1	5,301,461	5,084,776	5,301,461	5,084,776
		Accumulated Impairment under Stage 2	4,855,495	4,804,361	4,855,495	4,804,361
		Accumulated Impairment under Stage 3	55,447,393	55,453,696	55,447,393	55,453,696
	Net Loans & Advances, Commitments and Contingencies		933,486,563	891,383,763	933,500,007	891,408,085
	Movement of Impairment during the Period		Fom 01.01.2026 to 31.03.2026	From 01.01.2025 to 31.12.2025	Fom 01.01.2026 to 31.03.2026	From 01.01.2025 to 31.12.2025
	Stage 1
	Opening Balance as at 01st January		5,084,776	3,429,685	5,084,776	3,429,685
	Charge/(Write back) to Income Statement		202,315	1,624,823	202,315	1,624,823
	Exchange Rate Movements		14,370	30,268	14,370	30,268
	Closing Balance		5,301,461	5,084,776	5,301,461	5,084,776
	Stage 2
	Opening Balance as at 01st January		4,804,361	4,754,675	4,804,361	4,754,675
	Charge/(Write back) to Income Statement		50,187	38,102	50,187	38,102
	Exchange Rate Movements		947	11,584	947	11,584
	Closing Balance		4,855,495	4,804,361	4,855,495	4,804,361
	Stage 3
	Opening Balance as at 01st January		55,453,696	58,943,823	55,453,696	58,943,823
	Charge/(Write back) to Income Statement		(114,245)	(964,372)	(114,245)	(964,372)
	Reversal for Write-off during the Period		(913)	(3,141,443)	(913)	(3,141,443)
	Exchange Rate Movements		108,855	615,688	108,855	615,688
	Closing Balance		55,447,393	55,453,696	55,447,393	55,453,696

	Total Impairment		65,604,349	65,342,833	65,604,349	65,342,833
12	Analysis of Deposits
					(Amounts in Rupees Thousands )
			Bank		Group
	Deposits - By product		As at	As at	As at	As at
			31.03.2026	31.12.2025	31.03.2026	31.12.2025
	By product - Domestic Currency
		Demand Deposits	40,810,602	47,027,482	40,810,602	47,027,482
		Savings Deposits	141,835,508	144,512,468	141,835,508	144,512,468
		Fixed Deposits	409,868,928	398,795,088	409,868,928	398,795,088
		Certificate of Deposits	667,329	655,700	667,329	655,700
		Margin Accounts	1,814,586	1,673,059	1,814,586	1,673,059
		Total	594,996,953	592,663,797	594,996,953	592,663,797
	By product - Foreign Currency
		Demand Deposits	6,039,010	6,405,838	6,039,010	6,405,838
		Savings Deposits	21,884,827	21,500,913	21,884,827	21,500,913
		Fixed Deposits	119,601,658	112,370,568	119,601,658	112,370,568
		Margin Accounts	22,232	19,263	22,232	19,263
		Total	147,547,727	140,296,582	147,547,727	140,296,582

	Total Deposits		742,544,680	732,960,379	742,544,680	732,960,379

SEYLAN BANK PLC - DEBENTURES
	CURRENT PERIOD	COMPARATIVE PERIOD
	01-Jan-26	01-Jan-25
	to	to
	31-Mar-26	31-Mar-25
Debt (Debentures) / Equity Ratio (Times)	0.50	0.36
Interest Cover (Times)	4.56	5.78
Quick Asset Ratio (Times)	0.77	0.81
2018 Issue
Market Prices during January to March (Ex Interest)
7 Year Fixed Semi Annual - 13.20% p.a. (Debenture matured on 29/03/2025)		*
10 Year Fixed Semi Annual - 13.50% p.a	*	*
Interest Yield as at Date of Last Trade	*	*
Yield to Maturity of Trade Done on	*	*
Interest Rate of Comparable Government Security
- 7 Years		8.12%
- 10 Years	9.45%	9.88%
2021 Issue
Market Prices during January to March (Ex Interest)
5 Year Fixed Annual - 9.75% p.a	*	*
5 Year Fixed Quarterly - 9.25 % p.a.	*	*
Interest Yield as at Date of Last Trade	*	*
Yield to Maturity of Trade Done on	*	*
Interest Rate of Comparable Government Security
- 5 Years	8.08%	8.25%
2023 Issue
Market Prices during January to March (Ex Interest)
5 Year Fixed Annual - 28.00% p.a
- Highest Price	*	142.37
- Lowest Price	*	100.00
- Last Traded Price * / (28/03/2025)	*	142.37
5 Year Fixed Quarterly - 25.00% p.a.
- Highest Price	124.44	120.00
- Lowest Price	100.00	100.00
- Last Traded Price (31/03/2026) / (11/03/2025)	124.44	120.00
Interest Yield as at Date of Last Trade
5 Year Fixed Annual - 28.00% p.a * / (28/03/2025)	*	19.67%
5 Year Fixed Quarterly - 25.00% p.a. (31/03/2026) / (11/03/2025)	22.05%	22.87%
Yield to Maturity of Trade Done on
5 Year Fixed Annual - 28.00% p.a * / (28/03/2025)	*	11.04%
5 Year Fixed Quarterly - 25.00% p.a. (31/03/2026) / (11/03/2025)	11.65%	16.69%
Interest Rate of Comparable Government Security
- 5 Years	9.59%	10.14%
2024 Issue
Market Prices during January to March (Ex Interest)
5 Year Fixed Annual - 13.25% p.a
- Highest Price	104.06	*
- Lowest Price	100.00	*
- Last Traded Price (18/03/2026) / *	104.06	*
5 Year Fixed Quarterly - 12.60% p.a.	*	*
7 Year Fixed Annual - 13.50% p.a	*	*
7 Year Fixed Semi Annual - 13.05% p.a	*	*
Interest Yield as at Date of Last Trade
5 Year Fixed Annual - 13.25% p.a (18/03/2026) / *	12.73%	*
5 Year Fixed Quarterly - 12.60% p.a.	*	*
7 Year Fixed Annual - 13.50% p.a	*	*
7 Year Fixed Semi Annual - 13.05% p.a	*	*
Yield to Maturity of Trade Done on
5 Year Fixed Annual - 13.25% p.a (18/03/2026) / *	11.65%	*
5 Year Fixed Quarterly - 12.60% p.a.	*	*
7 Year Fixed Annual - 13.50% p.a	*	*
7 Year Fixed Semi Annual - 13.05% p.a	*	*
Interest Rate of Comparable Government Security
- 5 Years	9.72%	10.32%
- 7 Years	10.03%	10.81%
2025 Issue (Debenture allotted on 18 July 2025)
Market Prices during January to March (Ex Interest)
5 Year Fixed Annual - 11.25% p.a .	*
5 Year Fixed Quarterly - 10.80% p.a.	*
10 Year Fixed Annual - 11.75% p.a .	*
10 Year Fixed Semi Annual - 11.40% p.a .	*
Interest Yield as at Date of Last Trade	*
Yield to Maturity of Trade Done on	*
Interest Rate of Comparable Government Security
- 5 Years	9.92%
- 10 Years	11.06%
* No trading during the period.

Seylan Bank PLC
Selected Performance Indicators
Item	Bank		Group
Item	31.03.2026	31.12.2025	31.03.2026	31.12.2025
Regulatory Capital (LKR Mn.)
Common Equity Tier I	70,086	73,126	71,867	74,904
Total (Tier I) Capital	70,086	73,126	71,867	74,904
Total Capital Base	100,695	105,578	102,476	107,356
Regulatory Capital Ratios (%)
Common Equity Tier I Capital Ratio	11.40	12.39	11.68	12.69
( Minimum Requirement - 7.00%)
Total Tier I Capital Ratio	11.40	12.39	11.68	12.69
( Minimum Requirement - 8.50%)
Total Capital Ratio	16.38	17.89	16.66	18.18
( Minimum Requirement - 12.50%)
Basel lll Leverage Ratios (%)	6.98	7.47	7.16	7.65
(Minimum Requirement - 3.00%)	6.98	7.47	7.16	7.65
Regulatory Liquidity Requirement
Liquidity Coverage Ratio %
Rupee - ( Minimum Requirement -100%)	188.30	227.99
All Currency - ( Minimum Requirement-100%)	192.49	229.92
Net Stable Funding Ratio (%)	124.10	127.25
( Minimum Requirement -100%)
Assets Quality
Impaired Loans (Stage 3) to Total Loans, Ratio (%)	1.01	1.03
Impairment (Stage 3) to Stage 3 Loans Ratio (%)	86.23	86.33
Income & Profitability
Net Interest Margin (%)	4.23	4.50
Return on Assets (before Tax) (%)	1.98	2.31
Return on Equity (%)	14.39	15.89
Cost to Income Ratio (%)	49.54	44.52
Memorandum Information
Credit Rating - Fitch	A+ (lka)	A+ (lka)
Number of Employees	3,290	3,243
Number of Banking Centers	172	172

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