Seylan Bank PlcCSELK: SEYB.N0000

Interim Financial Statements for the six months ended 30th June 2025

Jul 29, 2025 at 11:56 AM UTC · Issued by Seylan Bank PLC

Seylan Bank PLC

Interim Financial Statements

For the 06 Months Ended 30th June 2025

Seylan Bank records an impressive Profit after Tax (PAT) of LKR 5.49 Bn in 1H 2025

Profit before Income Tax - LKR 8,444 Mn up by 15.18%
Profit after Tax - LKR 5,489 Mn up by 20.41%
Return on Equity (ROE) of 15.29%
Total Capital Adequacy Ratio of 16.85%
Impaired Loans (Stage 3) Ratio at 1.76%
Liquidity Coverage Ratio (LCR) - All Currency of 295.22% and Rupee of 306.44%

Seylan Bank recorded a Profit before Income Tax (PBT) of LKR 8,444 Mn in 1H 2025, against LKR 7,331 Mn in 1H 2024 demonstrating a growth of 15.18%.

For the 6 months ended 30 June 2025, Profit after Tax recorded by Seylan Bank was LKR 5,489 Mn a growth of 20.41% against LKR 4,558 Mn recorded in the corresponding period of 2024.

Statement of Financial Performance

Net interest income decreased from LKR 18,590 Mn to LKR 17,762 Mn, a decrease of 4.45% over the previous year for the 6 months ended 30 June 2025 mainly due to the reduction in market interest rates and repricing of loans and deposits. The Bank's Net Interest Margin (NIM) also recorded a reduction from 4.90% in 2024 to 4.52% in 1H 2025. The Bank's net fee based income recorded a growth of 15.43% from LKR 3,739 Mn to LKR 4,316 Mn during 1H 2025, and growth was mainly attributed to fee income from Cards, Remittances, Trade and other financial services.

The Bank's total operating income was LKR 23,114 Mn, a decrease of 0.71% compared to LKR 23,279 Mn recorded in the corresponding period of 2024, driven mainly by the reduction in Net Interest Margins during the period.

Other income captions comprising of net gains from trading activities and net other operating income, reflected an increase compared to the corresponding period of 2024.

Total Operating Expenses recorded an increase of 8.37% from LKR 10,388 Mn in 2024 to LKR 11,258 Mn in 2025 for the 6 months ended 30 June 2025. Personnel expenses increased by 7.99% from LKR 5,372 Mn to LKR 5,801 Mn mainly due to increase in staff related expenses. Other Operating expenses and depreciation and amortization expenses too increased by 8.78% due to increase in prices of consumables and services over the period. The Bank will continue to take relevant measures to curtail costs through various cost optimization initiatives.

The Bank recorded an impairment charge of LKR 491 Mn in 1H 2025 against LKR 2,956 Mn reported in 1H 2024 with a reduction of 83.39%. The Bank has ensured impairment provisions are made to capture the changes in the global and local economy, credit risk profile of customers and the credit quality of the Bank's loan portfolio in order to ensure adequacy of provisions recognized in the financial statements. The Bank's Asset Quality Ratios of Impaired Loan (Stage 3) Ratio stood at 1.76% (2024 - 2.10%), while the Stage 3 Provision Cover Ratio stood at a strong 81.82% as at 30/06/2025, one of the highest in the banking industry.

Income tax expenses recorded as LKR 2,956 Mn which is a 6.59% increase over the comparative period, which stood at LKR 2,773 Mn. Value Added Tax on Financial Services increased for the first six months from LKR 2,286 Mn to LKR 2,564 Mn in 2025 which is a 12.15% increase over the corresponding period. Social Security Contribution Levy increased for the first six months from LKR 318 Mn to LKR 356 Mn in 2025 which is a 12.15% increase over the corresponding period.

Overall, Bank recorded a Profit after Tax (PAT) of LKR 5,489 Mn during 1H 2025 a growth of 20.41% over the corresponding period in 2024.

Statement of Financial Position

The Bank's total Assets increased from LKR 780 Bn to LKR 812 Bn during 1H 2025, demonstrating a steady growth over the last six months. The Bank also made arrangements to canvass new to Bank Loans and Deposits while retaining it's existing customer base. Loans and Advances of the Bank were recorded at LKR 494 Bn a net growth of LKR 31 Bn, while Deposits were recorded at LKR 670 Bn a net growth of LKR 23 Bn during 1H 2025. The Bank's CASA ratio was maintained at 30%.

Key financial ratios and indicators

Key financial ratios and indicators of Seylan Bank PLC remained sound as of 30 June 2025. The capital adequacy ratios were well above the regulatory minimum requirements and recorded 13.14% as Common Equity Tier 1 Capital Ratio & Total Tier 1 Capital Ratio and 16.85% as the Total Capital Ratio.

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 295.22% and 306.44% respectively.

The Banks's Asset Quality Ratios of Impaired Loan (Stage 3) Ratio and the Impairment (Stage 3) Provision Cover Ratio stood at 1.76% (2024 - 2.10%) and 81.82% (2024 - 80.90%) respectively.

The Return on Equity (ROE) stood at 15.29% (2024 - 15.35%) and Return on Average Assets (profit before tax) stood at 2.15% (2024 - 2.14%) for the period under review, recording an improvement.

The Bank's Earnings per Share stood at LKR 8.63 in 1H 2025 compared to LKR 7.17 reported in 1H of the previous year. The Bank's Net Assets Value per Share stood at LKR 118.73 as at 30 June 2025 (Group LKR 121.99).

The Bank opened 19 "Seylan Pahasara Libraries" during 1H 2025 taking the total number of libraries to 284, clearly signifying the Bank's commitment to foster education and support children across the island.

The Bank also successfully raised LKR 15 Bn Basel III compliant, Tier 2, listed, rated, unsecured, subordinated, redeemable, 5 years and 10 years Debentures on 9th July 2025, which was oversubscribed on the same day itself.

Fitch Ratings upgraded the National Long-Term Rating of Seylan Bank to 'A+(lka)' by two notches with a Stable Outlook on 21 January 2025.

Seylan Bank PLC Income Statement

(In terms of Rule 7.4 of the Colombo Stock Exchange)

(Amounts in Rupees Thousands)

		Bank				Bank

	For the Six Months Ended			For the Quarter Ended
		30th June				30th June
	2025	2024	Growth	2025		2024	Growth
			%				%
Interest Income	39,419,140	43,945,769	(10.30)	19,935,740		21,248,272	(6.18)
Less : Interest Expenses	21,657,006	25,355,724	(14.59)	10,760,202		12,029,427	(10.55)
Net Interest Income	17,762,134	18,590,045	(4.45)		9,175,538	9,218,845	(0.47)
Fee and Commission Income	4,501,384	3,886,259	15.83	2,316,746		1,972,305	17.46
Less : Fee and Commission Expenses	185,383	147,357	25.81	91,971		70,568	30.33
Net Fee and Commission Income	4,316,001	3,738,902	15.43		2,224,775	1,901,737	16.99
Net Gains from Trading	187,347	151,605	23.58	75,574		47,973	57.53
Net Gains from Derecognition of Financial Assets	94,964	212,577	(55.33)	71,214		42,160	68.91
Net Other Operating Income	753,371	586,234	28.51	308,466		361,772	(14.73)
Total Operating Income	23,113,817	23,279,363	(0.71)		11,855,567	11,572,487	2.45
Less : Impairment Charges	490,956	2,955,665	(83.39)	229,159		1,400,196	(83.63)
Net Operating Income	22,622,861	20,323,698	11.31		11,626,408	10,172,291	14.29
Less : Operating Expenses
Personnel Expenses	5,801,136	5,371,741	7.99	2,995,474		2,653,604	12.88
Depreciation and Amortisation Expenses	685,326	647,092	5.91	346,373		324,513	6.74
Other Expenses	4,771,516	4,369,460	9.20	2,553,576		2,284,294	11.79
Total Operating Expenses	11,257,978	10,388,293	8.37		5,895,423	5,262,411	12.03

Operating Profit before Taxes	11,364,883	9,935,405	14.39		5,730,985	4,909,880	16.72
Less : Value Added Tax on Financial Services	2,564,287	2,286,405	12.15	1,304,511		1,126,204	15.83
Less : Social Security Contribution Levy	356,153	317,559	12.15	181,182		156,407	15.84
Profit before Income Tax	8,444,443	7,331,441	15.18		4,245,292	3,627,269	17.04
Less : Income Tax Expense	2,955,741	2,773,111	6.59	1,517,275		1,363,965	11.24
Profit for the Period	5,488,702	4,558,330	20.41		2,728,017	2,263,304	20.53
Basic/Diluted Earnings per Ordinary Share (Rs.)	8.63	7.17	20.36	4.29		3.56	20.51

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 Rupees Thousands)

Bank

For the Six Months Ended 30th June

For the Quarter Ended 30th June

2025	2024	Growth %	2025	2024	Growth %
Profit for the Period 5,488,702	4,558,330	20.41	2,728,017	2,263,304	20.53
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 1,492,905 Income	129,317	1,054.45	1,166,766	(112,664)	1,135.62
Deferred Tax effect relating to items that are or may be (447,872)	(38,795)	(1,054.46)	(350,030)	33,799	(1,135.62)

Reclassified to Income Statement

Items that will never be Reclassified to Income Statement in Subsequent Periods

Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other Comprehensive Income

Deferred Tax effect relating to items that will never be Reclassified to Income Statement

Other Comprehensive Income/ (Loss) for the Period, Net

671,717 36,810 1,724.82 771,190 (108,510) 810.71

- - - - - -

of Taxes	1,716,750	127,332	1,248.25		1,587,926	(187,375)	947.46
Total Comprehensive Income for the Period	7,205,452	4,685,662	53.78		4,315,943	2,075,929	107.90

Seylan Bank PLC Income Statement

(In terms of Rule 7.4 of the Colombo Stock Exchange)

(Amounts in Rupees Thousands )

		Group				Group

	For the Six Months Ended			For the Quarter Ended
		30th June				30th June
	2025	2024	Growth	2025		2024	Growth
			%				%
Interest Income	39,446,053	43,978,069	(10.31)	19,948,533		21,262,341	(6.18)
Less : Interest Expenses	21,494,741	25,192,753	(14.68)	10,679,050		11,948,523	(10.62)
Net Interest Income	17,951,312	18,785,316	(4.44)		9,269,483	9,313,818	(0.48)
Fee and Commission Income	4,501,267	3,886,145	15.83	2,316,667		1,972,264	17.46
Less : Fee and Commission Expenses	186,639	147,907	26.19	93,227		71,118	31.09
Net Fee and Commission Income	4,314,628	3,738,238	15.42		2,223,440	1,901,146	16.95
Net Gains from Trading	187,347	151,605	23.58	75,574		47,973	57.53
Net Gains from Derecognition of Financial Assets	94,964	212,577	(55.33)	71,214		42,160	68.91
Net Other Operating Income	671,847	530,897	26.55	327,276		285,251	14.73
Total Operating Income	23,220,098	23,418,633	(0.85)		11,966,987	11,590,348	3.25
Less : Impairment Charges	490,956	2,955,665	(83.39)	229,159		1,400,196	(83.63)
Net Operating Income	22,729,142	20,462,968	11.07		11,737,828	10,190,152	15.19
Less : Operating Expenses
Personnel Expenses	5,827,531	5,398,509	7.95	3,009,421		2,665,577	12.90
Depreciation and Amortization Expenses	710,728	678,687	4.72	358,558		340,368	5.34
Other Expenses	4,803,057	4,410,440	8.90	2,569,076		2,302,704	11.57
Total Operating Expenses	11,341,316	10,487,636	8.14		5,937,055	5,308,649	11.84

Operating Profit before Taxes	11,387,826	9,975,332	14.16		5,800,773	4,881,503	18.83
Less : Value Added Tax on Financial Services	2,564,287	2,286,405	12.15	1,304,511		1,126,204	15.83
Less : Social Security Contribution Levy	356,153	317,559	12.15	181,182		156,407	15.84
Profit before Income Tax	8,467,386	7,371,368	14.87		4,315,080	3,598,892	19.90
Less : Income Tax Expense	3,001,099	2,820,393	6.41	1,539,427		1,389,147	10.82
Profit for the Period	5,466,287	4,550,975	20.11		2,775,653	2,209,745	25.61
Profit Attributable to :
Equity Holders of the Bank	5,442,913	4,538,267	19.93	2,763,596		2,210,662	25.01
Non-Controlling Interest	23,374	12,708	83.93	12,057		(917)	1,414.83
Profit for the Period	5,466,287	4,550,975	20.11		2,775,653	2,209,745	25.61
Basic/Diluted Earnings per Ordinary Share (Rs.)	8.56	7.14	19.89	4.35		3.48	25.00

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 Rupees Thousands )

Group

For the Six Months Ended 30th June

For the Quarter Ended 30th June

	2025	2024	Growth		2025	2024	Growth
			%				%
Profit for the Period 5,466,287		4,550,975	20.11		2,775,653	2,209,745	25.61
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 1,496,336		149,230	902.70		1,170,225	(109,535)	1,168.36
Income
Deferred Tax effect relating to items that are or may (448,901)		(44,769)	(902.70)		(351,067)	32,860	(1,168.37)
Items that will never be Reclassified to Income
Statement in Subsequent Periods
Change in Fair Value on Investments in Equity
Instruments measured at Fair Value through Other	671,717	36,810	1,724.82	771,190		(108,510)	810.71
Comprehensive Income
Deferred Tax effect relating to items that will never be Reclassified to Income Statement	-	-	-	-		-	-
Other Comprehensive Income/(Loss) for the Period, 1,719,152		141,271	1,116.92		1,590,348	(185,185)	958.79
Total Comprehensive Income for the Period 7,185,439		4,692,246	53.13		4,366,001	2,024,560	115.65
Attributable to : Equity Holders of the Bank 7,161,457		4,675,519	53.17		4,353,331	2,024,923	114.99
Non-Controlling Interest 23,982		16,727	43.37		12,670	(363)	3,590.36
Total Comprehensive Income for the Period 7,185,439		4,692,246	53.13		4,366,001	2,024,560	115.65

be Reclassified to Income Statement

Net of Taxes

Seylan Bank PLC

Statement of Financial Position

(In terms of Rule 7.4 of the Colombo Stock Exchange)

(Amounts in Rupees Thousands)

		Bank			Group
	As at	As at	Growth	As at	As at	Growth
	30.06.2025	31.12.2024 (Audited)	%	30.06.2025	31.12.2024 (Audited)	%
Assets Cash and Cash Equivalents	21,909,287	17,384,396	26.03	21,909,327	17,384,436	26.03
Balances with Central Bank of Sri Lanka	7,985,775	8,719,115	(8.41)	7,985,775	8,719,115	(8.41)
Placements with Banks and Finance Companies	28,447,676	50,156,002	(43.28)	28,447,676	50,156,002	(43.28)
Derivative Financial Instruments	25,512	17,398	46.64	25,512	17,398	46.64
Financial Assets recognized through Profit or Loss
- Measured at Fair Value	14,073,582	21,454,098	(34.40)	14,073,582	21,454,098	(34.40)
- Designated at Fair Value	-	-	-	-	-	-
Financial Assets at Amortized Cost

494,034,933	462,950,751	6.71	494,034,933	462,950,751	6.71
128,753,744	136,224,930	(5.48)	128,815,954	136,314,858	(5.50)
89,195,810	56,248,530	58.57	89,571,341	56,615,939	58.21

Loans and Advances
Debt and Other Instruments

Financial Assets measured at Fair Value through Other Comprehensive Income

Investment in Subsidiary	1,153,602	1,153,602	-	-	-	-
Group Balances Receivable	40,300	40,300	-	-	-	-
Property, Plant & Equipment	5,009,536	5,100,594	(1.79)	7,805,860	7,923,121	(1.48)
Right-of-use Assets	5,284,111	5,189,444	1.82	2,898,282	2,784,310	4.09
Investment Properties	-	-	-	842,739	857,391	(1.71)
Intangible Assets	687,759	669,783	2.68	687,759	669,783	2.68
Deferred Tax Assets	-	205,963	(100.00)	-	-	-
Other Assets	15,594,281	14,174,933	10.01	15,649,536	14,219,975	10.05
Total Assets	812,195,908	779,689,839	4.17	812,748,276	780,067,177	4.19
Liabilities Due to Banks	8,756,823	8,141,795	7.55	8,756,823	8,141,795	7.55
Derivative Financial Instruments	11,244	809	1,289.86	11,244	809	1,289.86
Financial Liabilities at Amortized Cost
- Due to Depositors	670,125,332	646,817,333	3.60	670,125,332	646,817,333	3.60
- Due to Debt Securities Holders	1,520,096	1,461,944	3.98	1,520,096	1,461,944	3.98
- Due to Other Borrowers	20,397	23,731	(14.05)	20,397	23,731	(14.05)
Group Balances Payable	98,466	98,942	(0.48)	-	-	-
Debt Securities Issued	24,091,617	25,128,383	(4.13)	24,091,617	25,128,383	(4.13)
Retirement Benefit Obligations	3,807,783	3,600,641	5.75	3,803,145	3,596,003	5.76
Current Tax Liabilities	3,365,167	1,489,697	125.90	3,412,461	1,523,304	124.02
Deferred Tax Liabilities	241,789	-	-	916,476	456,468	100.78
Lease Liabilities	5,757,698	5,613,107	2.58	2,570,677	2,430,915	5.75
Other Liabilities	18,930,338	16,824,985	12.51	18,922,414	16,810,680	12.56
Total Liabilities	736,726,750	709,201,367	3.88	734,150,682	706,391,365	3.93
Equity Stated Capital	21,693,370	21,693,370	-	21,693,370	21,693,370	-
Statutory Reserve Fund	3,383,537	3,383,537	-	3,383,537	3,383,537	-
Fair Value through Other Comprehensive Income Reserve	2,224,054	530,760	319.03	2,208,988	513,900	329.85
Retained Earnings	44,785,221	41,525,916	7.85	45,574,105	42,360,589	7.59
Other Reserves	3,382,976	3,354,889	0.84	4,681,609	4,653,522	0.60
Total Shareholders' Equity	75,469,158	70,488,472	7.07	77,541,609	72,604,918	6.80
Non-controlling Interest	-	-	-	1,055,985	1,070,894	(1.39)
Total Equity	75,469,158	70,488,472	7.07	78,597,594	73,675,812	6.68

Total Equity & Liabilities	812,195,908	779,689,839	4.17	812,748,276	780,067,177	4.19

Contingent Liabilities and Commitments	254,698,868	180,816,364	40.86	254,703,209	180,821,071	40.86

Memorandum Information
Number of Employees	3,250	3,211	1.21	3,266	3,227	1.21
Number of Banking Centres	170	170	-	170	170	-

Net Assets Value per Ordinary Share (Rs.)	118.73	110.89	7.07	121.99	114.22	6.80

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

Assistant General Manager - Finance

We the undersigned, being the Chairman, Director/ Chief Executive Officer of Seylan 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 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

July 29, 2025

Seylan Bank PLC Statement of Changes in Equity For the Six Months ended 30th June - Bank
								(Amounts in Rupees	Thousands )
	Stated Capital		Statutory Retained		Other Reserves				Total
	Ordinary Shares - Voting	Ordinary Shares - Non Voting	Reserve Fund *	Earnings	Revaluation Reserve	FVOCI Reserve **	Special Reserve ***	Other Reserves

1 Balance as at 01st January 2024	12,794,664	8,114,009	2,880,973	34,846,140	1,374,219	(203,999)	-	700,575	60,506,581
Total Comprehensive Income for the Period
Profit for the Period	-	-	-	4,558,330	-	-	-	-	4,558,330
Other Comprehensive Income (net of tax)
- Net Gains / (Losses) on Investments in Debt Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	90,522	-	-	90,522
- Net Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	36,810	-	-	36,810
2 Total Comprehensive Income for the Period	-	-	-	4,558,330	-	127,332	-	-	4,685,662
Transactions with Equity Holders , Recognized Directly In Equity
Cash / Scrip Dividends to Equity Holders	378,313	406,384	-	(1,538,623)	-	-	-	-	(753,926)
Net Gain on Disposal of Equity Investments measured at Fair Value through Other Comprehensive Income	-	-	-	2,898	-	(2,898)	-	-	-
3 Total Transactions with Equity Holders	378,313	406,384	-	(1,535,725)	-	(2,898)	-	-	(753,926)

Balance as at 30th June 2024 (1+ 2 + 3 )	13,172,977	8,520,393	2,880,973	37,868,745	1,374,219	(79,565)	-	700,575	64,438,317

1 Balance as at 01st January 2025	13,172,977	8,520,393	3,383,537	41,525,916	2,070,817	530,760	583,497	700,575	70,488,472
Total Comprehensive Income for the Period
Profit for the Period	-	-	-	5,488,702	-	-		-	5,488,702
Other Comprehensive Income (net of tax)
- Net Gains / (Losses) on Investments in Debt Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	1,045,033		-	1,045,033
- Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	671,717		-	671,717
2 Total Comprehensive Income for the Period	-	-	-	5,488,702	-	1,716,750		-	7,205,452
Transactions with Equity Holders , Recognized Directly In Equity
Cash Dividends to Equity Holders	-	-	-	(2,224,766)	-	-	-	-	(2,224,766)
Net Gains on Disposal of Equity Investments measured at Fair Value through Other Comprehensive Income	-	-	-	23,456	-	(23,456)	-	-	-
Transferred to Special Reserve	-	-	-	(28,087)	-	-	28,087	-	-
3 Total Transactions with Equity Holders	-	-	-	(2,229,397)	-	(23,456)	28,087	-	(2,224,766)

Balance as at 30th June 2025 (1 + 2 + 3)	13,172,977	8,520,393	3,383,537	44,785,221	2,070,817	2,224,054	611,584	700,575	75,469,158

* 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 Six Months ended 30th June - Group

(Amounts in Rupees Thousands)

Stated Capital

Statutory

Retained

Other Reserves

Total Non-

Total Equity

Ordinary

Shares -

Ordinary

Shares -

Reserve Fund

Earnings

Revaluation

FVOCI

Reserve

Special

Reserve

Other

Reserves

Controlling Interest

Voting

Non Voting *

Reserve

** ***

1 Balance as at 01st January 2024	12,794,664	8,114,009	2,880,973	35,540,973	2,329,017	(233,618)	-	955,788	62,381,806	1,316,044	63,697,850
Total Comprehensive Income for the Period
Profit for the Period	-	-	-	4,538,267	-	-	-	-	4,538,267	12,708	4,550,975
Other Comprehensive Income (Net of Tax)
- Net Gains / (Losses) on Investments in Debt Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	100,442	-	-	100,442	4,019	104,461
- Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	36,810		-	36,810	-	36,810
2 Total Comprehensive Income for the Period	-	-	-	4,538,267	-	137,252	-	-	4,675,519	16,727	4,692,246
Transactions with Equity Holders , Recognized Directly In Equity
Scrip Dividends to Equity Holders	378,313	406,384	-	(1,538,623)	-	-	-	-	(753,926)	(35,355)	(789,281)
Net Gain on Disposal of Equity Investments measured at Fair Value through Other Comprehensive Income	-	-	-	2,898	-	(2,898)	-	-	-	-	-
Acquisition of Non-Controlling Interest	-	-	-	76,749	151	(1,227)	-	21,954	97,627	(276,732)	(179,105)
3 Total Transactions with Equity Holders	378,313	406,384	-	(1,458,976)	151	(4,125)	-	21,954	(656,299)	(312,087)	(968,386)

Balance as at 30th June 2024 (1+ 2 + 3)	13,172,977	8,520,393	2,880,973	38,620,264	2,329,168	(100,491)	-	977,742	66,401,026	1,020,684	67,421,710

1 Balance as at 01st January 2025	13,172,977	8,520,393	3,383,537	42,360,589	3,092,283	513,900	583,497	977,742	72,604,918	1,070,894	73,675,812
Total Comprehensive Income for the Period
Profit for the Period	-	-	-	5,442,913	-	-	-	-	5,442,913	23,374	5,466,287
Other Comprehensive Income (Net of Tax)
- Net Gains / (Losses) on Investments in Debt Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	1,046,827	-	-	1,046,827	608	1,047,435
- Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	671,717	-	-	671,717	-	671,717
2 Total Comprehensive Income for the Period	-	-	-	5,442,913	-	1,718,544	-	-	7,161,457	23,982	7,185,439
Transactions with Equity Holders , Recognized Directly In Equity Cash Dividends to Equity Holders	-	-	-	(2,224,766)	-	-	-	-	(2,224,766)	(38,891)	(2,263,657)
Net Gains on Disposal of Equity Investments measured at Fair Value through Other Comprehensive	-	-	-	23,456	-	(23,456)	-	-	-		-
Income Transferred to Special Reserve	-	-	-	(28,087)	-	-	28,087	-	-		-
3 Total Transactions with Equity Holders	-	-	-	(2,229,397)	-	(23,456)	28,087	-	(2,224,766)	(38,891)	(2,263,657)

Balance as at 30th June 2025 (1 + 2 + 3)	13,172,977	8,520,393	3,383,537	45,574,105	3,092,283	2,208,988	611,584	977,742	77,541,609	1,055,985	78,597,594

* 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 six months ended 30th June	2025		2024	2025		2024
	LKR '000		LKR '000	LKR '000		LKR '000
Cash Flows from Operating Activities
Interest Receipts	38,789,975		44,947,496	38,816,888		44,979,838
Interest Payments	(19,135,254)		(28,317,597)	(19,132,198)		(28,313,051)
Net Fee and Commission Receipts	4,316,001		3,738,902	4,314,628		3,738,238
Trading Income	109,987		33,549	109,987		33,549
Payments to Employees	(5,434,596)		(5,109,906)	(5,460,991)		(5,136,674)
VAT and SSCL on Financial Services Paid	(3,274,025)		(2,576,760)	(3,299,208)		(2,601,943)
Receipts from Other Operating Activities	767,115		433,211	800,814		482,207
Payments on Other Operating Activities	(6,105,117)		(4,507,098)	(6,136,658)		(4,548,078)
Operating Profit before Changes in Operating Assets and Liabilities	10,034,086		8,641,797	10,013,262		8,634,086
(Increase)/Decrease in Operating Assets :
Balances with Central Bank of Sri Lanka	733,340		2,286,369	733,340		2,286,369
Financial Assets at Amortized cost - Loans and Advances	(31,455,476)		79,994	(31,455,476)		79,994
Other Assets	(1,819,930)		2,656,236	(1,849,448)		2,734,346
Increase/(Decrease) in Operating Liabilities :
Financial Liabilities at Amortized Cost - Due to Depositors	22,818,518		16,167,969	22,818,518		16,167,969
Financial Liabilities at Amortized Cost - Due to Debt Securities Holders	38,846		(1,329,576)	38,846		(1,329,576)
Financial Liabilities at Amortized Cost - Due to Other Borrowers	(3,334)		4,466	(3,334)		4,466
Other Liabilities	3,393,262		(1,314,128)	3,567,549		(1,524,814)
Due to Banks	615,028		(903,365)	615,028		(903,365)
Cash Generated from Operating Activities before Income Tax	4,354,340		26,289,762	4,478,285		26,149,475
Income Tax Paid	(1,023,713)		(2,160,269)	(1,027,255)		(2,185,452)
Surcharge Tax Paid	-		-	-		-
Net Cash Generated from Operating Activities	3,330,627		24,129,493	3,451,030		23,964,023
Cash Flows from Investing Activities
Purchase of Property , Plant & Equipment	(245,670)		(360,180)	(246,647)		(363,196)
Improvements in Investment Properties	-		-	(2,581)		-
Proceeds from Sale of Property , Plant & Equipment	398		227	398		227
Net Cash Flow from Financial Assets - FVTPL	7,567,306		4,524,984	7,567,306		4,524,984
Net Cash Flow from Debt Instruments at Amortised Cost	4,932,187		(15,360,828)	5,168,018		(15,389,495)
Net Cash Flow from Financial Assets - FVOCI	(29,590,776)		(6,494,971)	(29,807,011)		(6,438,117)
Reverse Repurchase Agreements	1,874,774		538,854	1,874,774		538,854
Net Purchase of Intangible Assets	(117,529)		(58,402)	(117,529)		(58,402)
Dividend Received from Investment in Subsidiaries	97,550		-	-		-
Dividend Received from Other Investments	2,590		3,650	2,590		3,650
Net Cash Used in Investing Activities	(15,479,170)		(17,206,666)	(15,560,682)		(17,181,494)
Cash Flows from Financing Activities
Repayment of Subordinated Debt	(715,000)		(5,000,000)	(715,000)		(4,971,000)
Interest Paid on Subordinated Debt	(2,068,800)		(1,688,620)	(2,068,800)		(1,688,620)
Dividend Paid to Non-Controlling Interest	-		-	(38,891)		(38,214)
Dividend Paid to Shareholders of the Bank	(1,891,051)		(544,767)	(1,891,051)		(544,767)
Repayment of Principal Portion of Lease Liabilities	(461,565)		(419,451)	(461,565)		(269,939)
Net Cash Used In Financing Activities	(5,136,416)		(7,652,838)	(5,175,307)		(7,512,540)
Net Increase in Cash and Cash Equivalents	(17,284,959)		(730,011)	(17,284,959)		(730,011)
Cash and Cash Equivalents at Beginning of the Year	67,641,922		71,210,384	67,642,460		71,210,922
Cash and Cash Equivalents at End of the Period	50,356,963		70,480,373	50,357,501		70,480,911

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)	30/06/2025		30/06/2024
	Voting	Non-Voting	Voting	Non-Voting
Market Price Per Share	78.50	59.10	50.00	39.10
Highest price per share during the quarter ended	79.40	59.80	54.40	43.20
Lowest price per share during the quarter ended	63.00	45.00	45.50	36.00

Stated Capital as at June 30, 2025	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 June 30, 2025

	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	20,236,610	6.63
8 Mr. K.D.D. Perera	20,000,000	6.55
9 Bank of Ceylon No. 1 Account	17,169,574	5.62
10 Sri Lanka Insurance Corporation Ltd - Life Fund	15,261,841	5.00
11 Sampath Bank PLC / Brown and Company PLC	10,371,776	3.40
12 Employees Trust Fund Board	6,286,712	2.06
13 Ambeon Holdings PLC	5,296,829	1.74
14 NDB Capital Holdings Limited Account No - 02	2,391,656	0.78
15 Deutsche Bank AG As Trustee To Assetline Income Plus Growth Fund	2,000,000	0.66
16 Est.of Late M.J. Fernando	1,541,336	0.50
17 Mr. K.R.B. Fernando	1,320,731	0.43
18 EMFI Capital Limited	1,019,501	0.33
19 Dr. J.L.B. Kotelawala	699,357	0.23
20 Capital Alliance Holdings Ltd	650,000	0.21

3.2 Twenty Largest Ordinary Non-Voting Shareholders as at June 30, 2025
1 Sampath Bank PLC / LOLC Holdings PLC	No. of Shares 146,722,737	% 44.41
2 L O L C Holdings PLC	23,775,575	7.20
3 Employee's Provident Fund	17,623,958	5.33
4 People's Leasing & Finance PLC / Don and Don Holdings (Private) Limited	9,153,028	2.77
5 Akbar Brothers Pvt Ltd A/C No 1	7,209,772	2.18
6 Auerbach Grayson and Company LLC	4,526,357	1.37
7 First Capital Assetmanagement / Merrill J Fernando & Sons (Pvt) Limited	3,670,181	1.11
8 Sampath Bank PLC / Andaradeniya Estate Private Limited	3,536,313	1.07
9 Commercial Bank of Ceylon PLC / W. Jinadasa	3,000,000	0.91
10 L O L C Technology Services Limited	2,885,232	0.87
11 Mr. N. Balasingam	2,584,925	0.78
12 LOLC Finance PLC / Don & Don Holdings (Pvt) Ltd	2,584,557	0.78
13 Sri Lanka Insurance Corporation Ltd-Life Fund	2,081,379	0.63
14 Mr. R. Gautam	1,929,000	0.58
15 Employees Trust Fund Board	1,915,290	0.58
16 Capital Alliance PLC	1,900,000	0.58
17 Est. of Late M.J. Fernando	1,808,938	0.55
18 Mr. R.R. Leon	1,700,785	0.51
19 Miss. S. Durga	1,575,235	0.48
20 J.B. Cocoshell (Pvt) Ltd	1,530,708	0.46

3.3 Public Holding as at June 30, 2025

The Bank is compliant under Option 1 and 2 of the Section 7.13.1 of the Rules of the Colombo Stock Exchange (Minimum Public Holding requirement).

Ordinary Voting Shares (Option 1)

Ordinary Non-Voting Shares (Option 2)

Float adjusted market capitalization LKR 13.147 Bn LKR 9.144 Bn Public Holding Percentage 54.87% 46.83%

No. of Public shareholders 10,688 7,587

Directors' and Chief Executive Officer's Shareholdings as at June 30, 2025
Name of Director No. of Shares
(Ordinary Voting)
No. of Shares
(Ordinary Non-Voting)
Justice Buwaneka P. Aluwihare PC, Independent Director/ Chairman Nil Nil
Mr. R. J. Jayasekara, Director/Chief Executive Officer 728 35,174
Mrs. S. K. Salgado, Senior Independent Director Nil Nil
Mr. D. M. D. K. Thilakaratne, Non-Executive Director Nil Nil
Mr. D. M. Rupasinghe, Independent Director Mr. L. H. A. L. Silva, Independent Director
Mrs. V. G. S. S. Kotakadeniya, Non-Executive Director
Nil Nil Nil
Nil Nil Nil
Mrs. A. A. Ludowyke, 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 June 30, 2025. 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. Debenture Issue
  The Bank declared an initial issue up to Fifty Million (50,000,000) Basel III Compliant, Tier 2, Listed, Rated, Unsecured, Subordinated, Redeemable 5-year and 10 year Debentures (2025/2030 and 2025/35 respectively) with a Non-Viability Conversion ("Debentures"), of the par value of LKR 100/- each, with an option to issue up to a further Seventy Five Million (75,000,000) of the said Debentures at the discretion of the Bank in the event of an over-subscription of the initial issue and with a further option to issue up to a further Twenty Five Million (25,000,000) of the said Debentures at the discretion of the Bank in the event of an over-subscription of the initial issue and the second tranche, to raise up to a maximum amount of Sri Lankan Rupees Fifteen Billion (LKR 15,000,000,000/-). The Bank opened the said debenture issue on 9th July 2025, and was oversubscribed on the same day. Based on the Basis of Allotment declared in the Debenture Prospectus, One Hundred and Fifty Million (150,000,000) of debentures at a par value of LKR 100/- each as referred above, totaling to Sri Lankan Rupees Fifteen Billion (LKR 15,000,000,000/-) were allotted to qualified investors on 18th July 2025.
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 June 30, 2025 and Economic Factor Adjustment (EFA) applying the recent forecasts and projections. Further, the Bank has adjusted the additional provisions made as management overlay, based on the changes to the assessment of significant increase in credit risk, and stress testing on the exposures to risk elevated sectors.
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 June 30, 2025 would have been Rs. 882 Mn and Rs. 31 Mn respectively.
3. Debenture Redemption
  7,150,000 Basel III Compliant, Tier 2, Listed, Rated, Unsecured, Subordinated, Redeemable Debentures of Rs.100/- each amounting to Rs. 715,000,000/- allotted in April 2018 were matured after 7 years' tenure on 28th March 2025, and redeemed on 1st April 2025.
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.
Seylan Bank PLC

Segment Reporting (Group) (Amounts in Rupee Thousands)

Banking Treasury Property/ Investments Unallocated/ Eliminations Total

	30.06.2025	30.06.2024	30.06.2025	30.06.2024	30.06.2025	30.06.2024	30.06.2025	30.06.2024	30.06.2025	30.06.2024
Interest Income	31,596,219	37,959,799	8,119,788	6,362,355	30,035	36,988	(299,989)	(381,073)	39,446,053	43,978,069
Less: Interest Expenses	19,254,886	23,195,265	2,314,467	2,076,543	66	100	(74,678)	(79,155)	21,494,741	25,192,753
Net Interest Income	12,341,333	14,764,534	5,805,321	4,285,812	29,969	36,888	(225,311)	(301,918)	17,951,312	18,785,316
Fee and Commission Income	4,494,372	3,874,512	4,690	5,312	-	-	2,205	6,321	4,501,267	3,886,145
Less : Fee and Commission Expenses	169,689	127,446	15,694	19,911	1,256	550	-	-	186,639	147,907
Net Fee and Commission Income	4,324,683	3,747,066	(11,004)	(14,599)	(1,256)	(550)	2,205	6,321	4,314,628	3,738,238
Net Gains from Trading	-	-	187,347	151,605	-	-	-	-	187,347	151,605
Net Gains from Derecognition of Financial Assets	-	-	94,964	212,577	-	-	-	-	94,964	212,577
Net Other Operating Income	189,981	247,702	562,396	338,545	190,680	200,859	(271,210)	(256,209)	671,847	530,897
Inter Segment Revenue	(70,626)	(71,321)	-	-	-	-	70,626	71,321	-	-
Total Operating Income	16,785,371	18,687,981	6,639,024	4,973,940	219,393	237,197	(423,690)	(480,485)	23,220,098	23,418,633
Less : Depreciation and Amortization Expenses	419,718	378,951	8,849	7,602	538	633	281,623	291,501	710,728	678,687
Less : Impairment Charges	424,010	2,876,188	66,946	79,477	-	-	-	-	490,956	2,955,665
Less : Operating Expenses, VAT & SSCL on Financial Services	9,715,069	9,070,827	1,227,359	1,037,706	61,112	70,214	2,547,488	2,234,166	13,551,028	12,412,913
Reportable Segment Profit Before Income Tax	6,226,574	6,362,015	5,335,870	3,849,155	157,743	166,350	(3,252,801)	(3,006,152)	8,467,386	7,371,368
Less : Income Tax Expense									3,001,099	2,820,393
Profit For The Period									5,466,287	4,550,975
Profit Attributable To: Equity Holders of The Bank									5,442,913	4,538,267
Non-controlling Interests									23,374	12,708
Profit For The Period									5,466,287	4,550,975

Other Comprehensive Income, Net of Income Tax									1,719,152	141,271
Other Information
Total Assets	506,255,439	472,093,961	283,440,758	234,263,679	6,591,852	6,513,112	16,460,227	12,186,393	812,748,276	725,057,145
Total Liabilities & Equity	701,487,523	636,915,924	77,497,907	62,065,480	6,591,852	6,513,112	27,170,994	19,562,629	812,748,276	725,057,145
Cash Flows from Operating Activities	780,204	22,812,449	5,411,665	3,936,234	112,171	110,844	(2,853,010)	(2,895,504)	3,451,030	23,964,023
Cash Flows from Investing Activities	(117,472)	(365,992)	(15,118,796)	(16,779,048)	26,362	(45,016)	(350,776)	8,562	(15,560,682)	(17,181,494)
Cash Flows from Financing Activities	(461,565)	(419,451)	(4,674,851)	(7,233,387)	(153,657)	(179,105)	114,766	319,403	(5,175,307)	(7,512,540)
Capital Expenditure	(116,468)	(366,219)	(2,826)	(18,925)	(3,853)	(3,016)	(243,610)	(33,438)	(366,757)	(421,598)

Seylan Bank PLC

10 Analysis of Financial Instruments by Measurement Basis - Bank

(Amounts in Rupees Thousands )

30.06.2025

	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	-	-	21,909,287	21,909,287
Balances with Central Bank of Sri Lanka	-	-	7,985,775	7,985,775
Placements with Banks and Finance Companies	-	-	28,447,676	28,447,676
Derivative Financial Instruments	25,512	-	-	25,512
Securities Purchased under Resale Agreements	-	-	1,812,155	1,812,155
Customer Loans and Advances	-	-	494,034,933	494,034,933
Debt Instruments	-	-	705,643	705,643
Equity Instruments	107,177	2,924,464	-	3,031,641
Government Securities	13,966,405	86,271,346	126,235,946	226,473,697
Group Balances Receivable	-	-	40,300	40,300
Other Financial Assets	-	-	10,610,505	10,610,505
Total Financial Assets	14,099,094	89,195,810	691,782,220	795,077,124
		Financial	Financial	Total
		Liabilities	Liabilities
		Measured at Fair	Measured at
		Value through	Amortised Cost
		Profit or Loss	(AC)
		(FVTPL)
Liabilities Due to Banks		-	8,756,823	8,756,823
Derivative Financial Instruments		11,244	-	11,244
Due to Depositors		-	670,125,332	670,125,332
Securities Sold under Repurchase Agreements		-	1,520,096	1,520,096
Due to Other Borrowers		-	20,397	20,397
Group Balances Payable		-	98,466	98,466
Debt Securities Issued		-	24,091,617	24,091,617
Lease Liabilities		-	5,757,698	5,757,698
Other Financial Liabilities		-	10,605,765	10,605,765
Total Financial Liabilities		11,244	720,976,194	720,987,438

31.12.2024

	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	-	-	17,384,396	17,384,396
Balances with Central Bank of Sri Lanka	-	-	8,719,115	8,719,115
Placements with Banks and Finance Companies	-	-	50,156,002	50,156,002
Derivative Financial Instruments	17,398	-	-	17,398
Securities Purchased under Resale Agreements	-	-	3,684,374	3,684,374
Customer Loans and Advances	-	-	462,950,751	462,950,751
Debt Instruments	-	-	716,243	716,243
Equity Instruments	-	2,176,270	-	2,176,270
Government Securities	21,454,098	54,072,260	131,824,313	207,350,671
Group Balances Receivable	-	-	40,300	40,300
Other Financial Assets	-	-	9,450,678	9,450,678
Total Financial Assets	21,471,496	56,248,530	684,926,172	762,646,198
		Financial	Financial	Total
		Liabilities	Liabilities
		Measured at Fair	Measured at
		Value through	Amortised Cost
		Profit or Loss	(AC)
Liabilities		(FVTPL)
Due to Banks		-	8,141,795	8,141,795
Derivative Financial Instruments		809	-	809
Due to Depositors		-	646,817,333	646,817,333
Securities Sold under Repurchase Agreements		-	1,461,944	1,461,944
Due to other Borrowers		-	23,731	23,731
Group Balances Payable		-	98,942	98,942
Debt Securities Issued		-	25,128,383	25,128,383
Lease Liabilities		-	5,613,107	5,613,107
Other Financial Liabilities		-	8,101,357	8,101,357
Total Financial Liabilities		809	695,386,592	695,387,401

Seylan Bank PLC

10 Analysis of Financial Instruments by Measurement Basis - Group

(Amounts in Rupees Thousands)

30.06.2025

	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	-	-	21,909,327	21,909,327
Balances with Central Bank of Sri Lanka	-	-	7,985,775	7,985,775
Placements with Banks and Finance Companies	-	-	28,447,676	28,447,676
Derivative Financial Instruments	25,512	-	-	25,512
Securities Purchased under Resale Agreements	-	-	1,812,155	1,812,155
Customer Loans and Advances	-	-	494,034,933	494,034,933
Debt Instruments	-	-	705,643	705,643
Equity Instruments	107,177	2,924,464	-	3,031,641
Government Securities	13,966,405	86,646,877	126,298,156	226,911,438
Other Financial Assets	-	-	10,639,479	10,639,479
Total Financial Assets	14,099,094	89,571,341	691,833,144	795,503,579
		Financial	Financial	Total
		Liabilities	Liabilities
		Measured at Fair	Measured at
		Value through	Amortised Cost
		Profit or Loss	(AC)
		(FVTPL)
Liabilities Due to Banks		-	8,756,823	8,756,823
Derivative Financial Instruments		11,244	-	11,244
Due to Depositors		-	670,125,332	670,125,332
Securities Sold under Repurchase Agreements		-	1,520,096	1,520,096
Due to Other Borrowers		-	20,397	20,397
Debt Securities Issued		-	24,091,617	24,091,617
Lease Liabilities		-	2,570,677	2,570,677
Other Financial Liabilities		-	10,605,765	10,605,765
Total Financial Liabilities		11,244	717,690,707	717,701,951

31.12.2024

	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	-	-	17,384,436	17,384,436
Balances with Central Bank of Sri Lanka	-	-	8,719,115	8,719,115
Placements with Banks and Finance Companies	-	-	50,156,002	50,156,002
Derivative Financial Instruments	17,398	-	-	17,398
Securities Purchased under Resale Agreements	-	-	3,684,374	3,684,374
Customer Loans and Advances	-	-	462,950,751	462,950,751
Debt Instruments	-	-	716,243	716,243
Equity Instruments	-	2,176,270	-	2,176,270
Government Securities	21,454,098	54,439,669	131,914,241	207,808,008
Other Financial Assets	-	-	9,485,230	9,485,230
Total Financial Assets	21,471,496	56,615,939	685,010,392	763,097,827
		Financial	Financial	Total
		Liabilities	Liabilities
		Measured at Fair	Measured at
		Value through	Amortised Cost
		Profit or Loss	(AC)
		(FVTPL)
Liabilities Due to Banks		-	8,141,795	8,141,795
Derivative Financial Instruments		809	-	809
Due to Depositors		-	646,817,333	646,817,333
Securities Sold under Repurchase Agreements		-	1,461,944	1,461,944
Due to other Borrowers		-	23,731	23,731
Debt Securities Issued		-	25,128,383	25,128,383
Lease Liabilities		-	2,430,915	2,430,915
Other Financial Liabilities		-	8,148,829	8,148,829
Total Financial Liabilities		809	692,152,930	692,153,739

Seylan Bank PLC

Analysis of Loans & Advances , Commitments, Contingencies and Impairment

Product-wise Gross Loans & Advances

(Amounts in Rupees Thousands )

Bank Group

As at As at As at As at 30.06.2025 31.12.2024 30.06.2025 31.12.2024

By product - Domestic Currency
Export Bills	43,863	17,098	43,863	17,098
Import Bills	139,054	103,767	139,054	103,767
Local Bills	554	16,620	554	16,620
Lease Rentals Receivable	28,204,524	24,799,910	28,204,524	24,799,910
Overdrafts	52,616,511	56,121,344	52,616,511	56,121,344
Revolving Import Loans	24,968,874	15,998,123	24,968,874	15,998,123
Packing Credit Loans	4,898,713	4,370,262	4,898,713	4,370,262
Trust Receipt Loans	2,038,101	-	2,038,101	-
Staff Loans	7,712,389	7,516,072	7,712,389	7,516,072
Housing Loans	16,730,664	16,390,682	16,730,664	16,390,682
Pawning Receivables	39,933,091	36,448,577	39,933,091	36,448,577
Refinance Loans	8,964,718	9,285,543	8,964,718	9,285,543
Credit Cards	8,492,057	8,571,125	8,492,057	8,571,125
Margin Trading	11,226,097	9,643,481	11,226,097	9,643,481
Factoring	1,608,135	1,667,480	1,608,135	1,667,480
Term Loans	279,442,907	271,231,656	279,442,907	271,231,656
Total	487,020,252	462,181,740	487,020,252	462,181,740
By product - Foreign Currency Export Bills	1,580,738	2,925,962	1,580,738	2,925,962
Import Bills	461,120	517,275	461,120	517,275
Local Bills	1,210	-	1,210	-
Overdrafts	1,467,884	792,844	1,467,884	792,844
Revolving Import Loans	405,907	415,427	405,907	415,427
Packing Credit Loans	13,527,803	12,908,580	13,527,803	12,908,580
Housing Loans	81,666	91,511	81,666	91,511
Term Loans	52,238,525	45,281,939	52,238,525	45,281,939
Total	69,764,853	62,933,538	69,764,853	62,933,538
Gross Loans and Advances	556,785,105	525,115,278	556,785,105	525,115,278

Product-wise Commitments and Contingencies

By product - Domestic Currency Commitments

Undrawn Credit Lines	149,361,460	90,488,304	149,361,460	90,488,304
Capital Commitments	440,111	121,871	444,452	126,578
Contingencies
Acceptances	111,750	99,721	111,750	99,721
Standby Letters of Credit	-	-	-	-
Guarantees	53,971,793	52,569,271	53,971,793	52,569,271
Documentary Credit	442,555	1,156,859	442,555	1,156,859
Bills for Collection	883,108	791,535	883,108	791,535
Forward Exchange Contracts (Net)	(7,425,812)	(1,243,212)	(7,425,812)	(1,243,212)
Total	197,784,965	143,984,349	197,789,306	143,989,056

By product - Foreign Currency Commitments

Undrawn Credit Lines	7,724,698	5,357,736	7,724,698	5,357,736
Capital Commitments	574,266	582,767	574,266	582,767
Contingencies
Acceptances	11,148,161	10,328,138	11,148,161	10,328,138
Standby Letters of Credit	135,495	132,377	135,495	132,377
Guarantees	3,351,874	4,812,012	3,351,874	4,812,012
Documentary Credit	19,927,167	9,331,375	19,927,167	9,331,375
Bills for Collection	6,632,673	5,029,329	6,632,673	5,029,329
Forward Exchange Contracts (Net)	7,419,569	1,258,281	7,419,569	1,258,281
Total	56,913,903	36,832,015	56,913,903	36,832,015
Total Commitments and Contingencies	254,698,868	180,816,364	254,703,209	180,821,071

Seylan Bank PLC Analysis of Loans & Advances , Commitments, Contingencies and Impairment

(Amounts in Rupees Thousands)

Bank Group

As at As at As at As at 30.06.2025 31.12.2024 30.06.2025 31.12.2024

Stage-wise Impairment on Loans & Advances, Commitments and Contingencies

Gross Loans and Advances, Commitments and Contingencies	811,483,973	705,931,642	811,488,314	705,936,349
Less : Accumulated Impairment under Stage 1	4,012,980	3,429,685	4,012,980	3,429,685
Accumulated Impairment under Stage 2	3,350,129	4,754,675	3,350,129	4,754,675
Accumulated Impairment under Stage 3	56,983,963	55,697,899	56,983,963	55,697,899
Net Loans & Advances, Commitments and Contingencies	747,136,901	642,049,383	747,141,242	642,054,090
Movement of Impairment during the Period	From 01.01.2025 to 30.06.2025	From 01.01.2024 to 31.12.2024	From 01.01.2025 to 30.06.2025	From 01.01.2024 to 31.12.2024
Stage 1
Opening Balance as at 01st January	3,429,685	4,025,638	3,429,685	4,025,638
Charge/(Write back) to Income Statement	570,850	(578,131)	570,850	(578,131)
Exchange Rate Movements	12,445	(17,822)	12,445	(17,822)
Closing Balance	4,012,980	3,429,685	4,012,980	3,429,685
Stage 2
Opening Balance as at 01st January	4,754,675	7,950,512	4,754,675	7,950,512
Charge/(Write back) to Income Statement	(1,409,248)	(3,192,196)	(1,409,248)	(3,192,196)
Exchange Rate Movements	4,702	(3,641)	4,702	(3,641)
Closing Balance	3,350,129	4,754,675	3,350,129	4,754,675
Stage 3
Opening Balance as at 01st January	55,697,899	49,243,947	55,697,899	49,243,947
Charge/(Write back) to Income Statement	1,335,731	10,181,790	1,335,731	10,181,790
Reversal for Write-off during the Period	(48,073)	(2,568,451)	(48,073)	(2,568,451)
Interest Accrued on Impaired Loans and Advances	(158,493)	(297,511)	(158,493)	(297,511)
Exchange Rate Movements	156,899	(861,876)	156,899	(861,876)
Closing Balance	56,983,963	55,697,899	56,983,963	55,697,899

Total Impairment	64,347,072	63,882,259	64,347,072	63,882,259

Analysis of Deposits

(Amounts in Rupees Thousands)

	Bank		Group
Deposits - By product	As at	As at	As at	As at
	30.06.2025	31.12.2024	30.06.2025	31.12.2024
By product - Domestic Currency Demand Deposits	40,096,251	39,072,142	40,096,251	39,072,142
Savings Deposits	133,089,226	123,126,928	133,089,226	123,126,928
Fixed Deposits	366,451,167	373,712,110	366,451,167	373,712,110
Certificate of Deposits	740,088	836,590	740,088	836,590
Margin Accounts	2,734,486	1,145,269	2,734,486	1,145,269
Total	543,111,218	537,893,039	543,111,218	537,893,039
By product - Foreign Currency Demand Deposits	6,366,110	4,688,338	6,366,110	4,688,338
Savings Deposits	19,773,405	19,139,176	19,773,405	19,139,176
Fixed Deposits	100,851,797	85,070,317	100,851,797	85,070,317
Margin Accounts	22,802	26,463	22,802	26,463
Total	127,014,114	108,924,294	127,014,114	108,924,294

Total Deposits	670,125,332	646,817,333	670,125,332	646,817,333

SEYLAN BANK PLC - DEBENTURES

	CURRENT PERIOD 01-Apr-25 to 30-Jun-25			COMPARATIVE PERIOD 01-Apr-24 to 30-Jun-24
Debt (Debentures) / Equity Ratio (Times)			0.32	0.21
Debt (Debentures plus Long term Debt) / Equity Ratio (Times)			0.32	0.29
Interest Cover (Times)			5.83	6.47
Quick Asset Ratio (Times)			0.79	0.84
2018 Issue
Market Prices during April to June (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
- Highest Price			107.97	*
- Lowest Price			98.00	*
- Last Traded Price (28/05/2025) / *			98.00	*
Interest Yield as at Date of Last Trade
7 Year Fixed Semi Annual - 13.20% p.a.(Debenture matured on 29/03/2025)				*
10 Year Fixed Semi Annual - 13.50% p.a (28/05/2025) / *			14.24%	*
Yield to Maturity of Trade Done on
7 Year Fixed Semi Annual - 13.20% p.a.(Debenture matured on 29/03/2025)				*
10 Year Fixed Semi Annual - 13.50% p.a (28/05/2025) / *			14.36%	*
Interest Rate of Comparable Government Security
- 7 Years				10.37%
- 10 Years			8.86%	11.63%
2019 Issue
Market Prices during April to June (Ex Interest)
5 Year Fixed Annual - 15.00% p.a (Debenture matured and redeemed on 18/04/2024)				*
5 Year Fixed Semi Annual - 14.50% p.a. (Debenture matured and redeemed on 18/04/2024)				*
Interest Yield as at Date of Last Trade
5 Year Fixed Annual - 15.00% p.a (Debenture matured and redeemed on 18/04/2024)				*
5 Year Fixed Semi Annual - 14.50% p.a. (Debenture matured and redeemed on 18/04/2024)				*
Yield to Maturity of Trade Done on
5 Year Fixed Annual - 15.00% p.a (Debenture matured and redeemed on 18/04/2024)				*
5 Year Fixed Semi Annual - 14.50% p.a. (Debenture matured and redeemed on 18/04/2024)				*
Interest Rate of Comparable Government Security
- 5 Years
2021 Issue
Market Prices during April to June (Ex Interest)
5 Year Fixed Annual - 9.75% p.a
- Highest Price			100.00	*
- Lowest Price			100.00	*
- Last Traded Price (08/04/2025) / *			100.00	*
5 Year Fixed Quarterly - 9.25% p.a.		*		*
Interest Yield as at Date of Last Trade
5 Year Fixed Annual - 9.75% p.a (08/04/2025) / *			9.75%	*
5 Year Fixed Quarterly - 9.25% p.a.		*		*
Yield to Maturity of Trade Done on
5 Year Fixed Annual - 9.75% p.a (08/04/2025) / *			9.74%	*
5 Year Fixed Quarterly - 9.25% p.a.		*		*
Interest Rate of Comparable Government Security
- 5 Years			7.85%	10.47%
2023 Issue
Market Prices during April to June (Ex Interest)
5 Year Fixed Annual - 28.00% p.a
- Highest Price			100.00	100.00
- Lowest Price			100.00	100.00
- Last Traded Price (07/05/2025) / (03/04/2024)			100.00	100.00
5 Year Fixed Quarterly - 25.00% p.a.
- Highest Price			132.50	*
- Lowest Price			100.00	*
- Last Traded Price (23/04/2025) / *			132.50	*
Interest Yield as at Date of Last Trade
5 Year Fixed Annual - 28.00% p.a (07/05/2025) / (03/04/2024)			28.00%	28.00%
5 Year Fixed Quarterly - 25.00% p.a. (23/04/2025) / *			20.71%	*
Yield to Maturity of Trade Done on
5 Year Fixed Annual - 28.00% p.a (07/05/2025) / (03/04/2024)			27.97%	27.89%
5 Year Fixed Quarterly - 25.00% p.a. (23/04/2025) / *			12.03%	*
Interest Rate of Comparable Government Security
- 5 Years			9.06%	11.72%
2024 Issue (Debenture allotted on 17 July 2024)
Market Prices during April to June (Ex Interest)
5 Year Fixed Annual - 13.25% p.a
- Highest Price			103.84
- Lowest Price			100.00
- Last Traded Price (23/04/2025)			103.84
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 (23/04/2025)			12.76%
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 (23/04/2025)			12.00%
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			9.41%
- 7 Years			10.14%

* No trading during the period.

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