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Seylan Bank reports record Profit after Tax (PAT) of LKR 12.1 Bn in 2025

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Profit before Income Tax – LKR 19.6 Bn up by 22.3%

Profit after Tax – LKR 12.1 Bn up by 20.5%

Total Assets of LKR 921 Bn, with a 18% growth

Return on Equity (ROE) of 15.89%

Total Capital Adequacy Ratio of 17.89%

Impaired Loans (Stage 3) Ratio at 1.03%

Seylan Bank reported its financial results for the year ended 31 December 2025, reporting a strong growth in profitability. The Bank recorded a Profit Before Tax (PBT) of LKR 19.6 billion, reflecting a 22.3% increase compared to LKR 16.0 billion reported in the previous financial year. For the year under review, Profit After Tax (PAT) stood at LKR 12.1 billion, a 20.5% growth over LKR 10.0 billion recorded in the corresponding year of 2024.The reported PAT of LKR 12.1 billion represents the highest annual profit achieved in the Bank’s 37-year history, demonstrating sustained growth and strengthened financial performance.

Net interest income increased to LKR 38.3 billion in 2025 from LKR 36.7 billion in 2024, representing a 4.21% modest growth resulting from the growth in loan book and the reduction in market interest rates and the repricing of loans and deposits and government securities. The Bank’s Net Interest Margin (NIM) also moderated from 4.90% in 2024 to 4.50% in 2025. Meanwhile, the Bank’s net fee-based income recorded a growth of 16.34%, increasing from LKR 7.2 billion to LKR 8.3 billion, primarily driven by fee income from Cards, Remittances, Trade, and other financial services. The Bank’s total operating income for 2025 was LKR 48.1 Bn, an increase of 13.00% compared to LKR 42.6 Bn recorded in the corresponding period of 2024, driven mainly by the increase in net interest income, net fee and commission income and other operating income.

Total operating expenses increased by 8.53%, rising from LKR 19.7 billion in 2024 to LKR 21.4 billion in 2025. Personnel expenses grew by 10.40%, from LKR 10.2 billion to LKR 11.3 billion, primarily due to higher staff-related costs. Other operating expenses, including depreciation and amortization, increased by 6.54%, reflecting higher prices of consumables and services during the year. The Bank continues to implement targeted cost optimization initiatives to manage expenses efficiently.

The Bank recorded an impairment charge on Loans & Advances, Other Financial Assets, and Credit-related commitments of LKR 0.6 billion in 2025, significantly lower than LKR 6.3 billion in 2024. Impairment provisions were maintained 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 in the financial statements. The Bank’s asset quality ratios demonstrated continued strength, with the Impaired Loan (Stage 3) Ratio at 1.03% (2024: 2.10%) and the Stage 3 Provision Cover Ratio at 86.33% as at 31 December 2025, among the highest in the banking industry.

Income tax expenses for 2025 amounted to LKR 7.5 billion, representing a 20.47% increase over the comparative period amounting LKR 6.0 billion. Value Added Tax (VAT) on Financial Services increased from LKR 4.7 billion in 2024 to LKR 5.6 billion in 2025, a 17.69% rise. Similarly, Social Security Contribution Levy (SSCL) increased from LKR 0.7 billion to LKR 0.8 billion, marking a 17.70% increase over the corresponding year.

The Bank recorded a Profit After Tax (PAT) of LKR 12.1 billion for 2025, reflecting a growth of 20.47% compared to the corresponding period in 2024. However, when adjusted for the impact of SLISB restructuring and the resultant reversal in 2024, the underlying profit growth for 2025 would have stands at 32.78%.

The Bank’s total assets increased from LKR 780 billion in 2024 to LKR 921 billion in 2025, reflecting steady growth over the twelve-month period. The Bank actively pursued new-to-bank loans and deposits while retaining its existing customer base. Loans and Advances grew to LKR 600 billion, a net increase of LKR 137 billion, while deposits rose to LKR 733 billion, a net growth of LKR 86 billion. The Bank’s CASA ratio was maintained at 30%, supporting stable and cost-efficient funding.

As of 31 December 2025, Bank remained well-capitalized, with capital adequacy ratios comfortably above regulatory minimums. The CET1 and Total Tier 1 Capital Ratios were 12.39%, while the Total Capital Ratio stood at 17.89%, 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 229.92% and 227.99% respectively.

The Banks’s Asset Quality Ratios of Impaired Loan (Stage 3) Ratio and the Impairment (Stage 3) Provision Cover Ratio stood at 1.03% (2024 – 2.10%) and 86.33% (2024 – 81.79%) respectively.

The Return on Equity (ROE) stood at 15.89% (2024 – 15.35%) and Return on Average Assets (profit before tax) stood at 2.31% (2024 – 2.14%) for the year under review.

The Bank’s Earnings per Share stood at LKR 19.05 in 2025 compared to LKR 15.81 reported in previous year. The Bank’s Net Assets Value per Share stood at LKR 128.87 as at 31 December 2025 (Group – LKR 132.33).

During 2025, Seylan Bank expanded its flagship CSR initiative by opening 24 “Seylan Pahasara Libraries”, bringing the total number of libraries established to 289. 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 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 in 2025.



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Harnessing nature’s wisdom: Experts highlight “Resist–Align” path to resilience

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As Sri Lanka confronts mounting environmental and economic pressures, a timely national conversation on resilience has underscored the urgent need to rethink how societies respond to change—by balancing resistance with alignment to nature.

The inaugural Nature Talks Webinar Series, titled “Nature’s Secrets for Building Resilience in a Changing World,” took place on Wednesday night, bringing together leading environmental thinkers who argued that resilience is no longer optional, but essential in navigating climate and ecological uncertainty.

Organised collaboratively by the International Centre for Biological Studies (ICBS), GAP HQ, and the Biomimicry Research Centre, the session aimed to bridge science, policy, and innovation, while drawing practical lessons from nature.

Leading the discussion, Professor Sarath Kotagama of the University of Colombo emphasised that resilience must be understood as a combination of resistance and alignment.

“Resilience is about resisting where necessary, but also forming alliances with change,” he said. “We are not saying we can stop everything. The real question is—can we adjust to live with it?”

He urged societies to reflect on their ability not only to prevent or resist environmental change, but also to adapt intelligently to it. Referring to global developments such as Artemis II, Kotagama noted that humanity is increasingly being reminded of how rapidly conditions are shifting on Earth.

Drawing lessons from the COVID-19 pandemic, Professor Kotagama outlined several insights that have reshaped thinking on resilience.

“One of the most important lessons was the role of microbes,” he said. “We always focused on large animals in biodiversity, but COVID showed us that invisible organisms can have a massive impact on the planet.”

He explained that while conservation has traditionally prioritised charismatic species such as elephants and birds, microorganisms—often overlooked—are equally critical to ecological balance.

Professor Kotagama also challenged assumptions about nature. “Nature is not always kind or caring. Under certain conditions, it can be harsh, and humans don’t necessarily feel affection for all forms of life—especially microbes,” he said.

At the same time, he stressed the decisive role of science. “If not for science, we would not have survived as we did,” he noted, pointing to the rapid development of vaccines despite global norms that typically require years of testing.

He further highlighted the importance of governance. “We may not always like governments, but during COVID, governments mattered. Without coordinated action, the outcome would have been far worse,” he said.

Professor Kotagama added that the pandemic exposed vulnerabilities in the global economic system, with industries such as tourism collapsing almost overnight due to what he described as “an invisible microbe.”

“It showed clearly that systems we thought were stable can be disrupted instantly,” he said, warning that unsustainable development models—particularly in tourism—must be reconsidered.

Meanwhile, Professor Sevandi Jayakody of Wayamba University of Sri Lanka highlighted biomimicry as a key pathway to resilience.

“The biggest answer to resilience is biomimicry,” Professor Jayakody said. “Nature already holds solutions—we just need to understand and apply them.”

She explained that biomimicry can operate at the level of form, process, or systems, and cited mangrove restoration as a practical example. Attempts to artificially recreate ecosystems often fall short unless they follow natural patterns such as tidal flows and species interactions.

“In restoring degraded mangroves, we learned that forcing systems does not work. When we followed natural contours and introduced resilient ‘nurse’ species, the ecosystem began to recover on its own,” she said.

Professor Jayakody emphasised that resilience must be embedded within environmental systems rather than imposed externally. “Resilience is a function of the environment we live in. If we ignore that, our interventions will fail,” she said.

She also cautioned against expecting rapid results. “Nature is slow. Humans are in a hurry,” Professor Jayakody noted, pointing to long-term data showing that even measurable ecological changes—such as seasonal shifts—can occur gradually over decades.

“Change is inevitable, but it is not always sudden. We need long-term data, patience, and the wisdom to interpret it correctly,” she added.

Moderating the session, Imaduwa Priyadarshana brought a practical perspective on sustainable design and adaptation, highlighting how nature-based thinking can inform urban planning and infrastructure.

With Sri Lanka grappling with climate variability, coastal degradation, and energy challenges, the experts stressed that such knowledge-sharing platforms are increasingly vital. The discussion aligned with a growing global shift towards nature-based solutions—learning from ecosystems that have evolved resilience over millennia.

By Ifham Nizam

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Uber Eats continues Sri Lankan expansion now in Nuwara Eliya

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Uber Eats is now live in Nuwara Eliya, making it easier for locals and tourists to enjoy their favourite meals – from a hot plate of kottu on a chilly evening to a comforting rice and curry spread or crispy egg hoppers – delivered right to their doorstep.

Known for its cool climate, old-world charm, and rolling tea estates, Nuwara Eliya sees a surge of Sri Lankan and international visitors during the April holiday season. But as temperatures drop in the evenings, food options have traditionally been limited, with many outlets closing early.

With Uber Eats now available, consumers can discover and order from a growing range of local restaurants and neighbourhood favourites – without stepping out. The platform also extends access to meals into the late evening, making it easier to find food even after most outlets have closed. In Nuwara Eliya, specially designed temperature-controlled insulated bags will help ensure meals are delivered hot. Consumers can choose from a wide variety of cuisines including Sri Lankan, Indian, Chinese, Thai, and Arabic or order from global brands such as KFC, Pizza Hut, and Domino’s.

The launch supports the local community by enabling restaurants to reach more customers across the city, while creating flexible earning opportunities for delivery partners, especially during the busy holiday season.

Varun Wijewardane, Country Manager – Delivery, Uber Sri Lanka, said: “Nuwara Eliya is one of Sri Lanka’s most loved destinations, especially during the April season. With Uber Eats now live, we’re making it easier to enjoy great food more conveniently – from everyday favourites to late evening short eats while also supporting local restaurants and creating earning opportunities within the community. This comes on the back of an aggressive expansion of our services across Sri Lanka – providing our consumers with convenient access to local favourites and unlocking earning opportunities for more Sri Lankan communities.”

Entry in Nuwara Eliya builds on expansion from last year across 6 districts including Hikkaduwa, Ambalangoda, Chilaw, Wennappuwa, and Puttalam, Jaffna, Gampola, Matale, Matara, Weligama, Mirissa, and Anuradhapura – further strengthening Uber Eats’ position as the country’s go-to delivery platform.

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Five consecutive years as a Company with Great Managers

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Union Assurance PLC is licensed by the Insurance Regulatory Commission of Sri Lanka (IRCSL).

Union Assurance, Sri Lanka’s longest-standing private Life Insurer, was honoured as a ‘Company with Great Managers’ for fifth consecutive year at the CLA Great Managers Awards 2025, held at Cinnamon Grand Colombo. Presented annually by the Colombo Leadership Academy & CLA Coaching Inc, the award affirms that Union Assurance’s approach to leadership excellence is not episodic, but deeply embedded across the Company.

The CLA Great Managers Awards programme, powered by Colombo Leadership Academy & CLA Coaching Inc. in strategic partnership with People Business, The Culture Factor Group – Hofstede & Onehub, is regarded as the international benchmark for assessing managerial and leadership effectiveness in Sri Lanka. Using the scientifically grounded D-ACTI 5X meta-analysis framework, the programme evaluates managers across five leadership pillars: Driving Results & Execution Excellence, Aligning Organizational Vision, Coaching & Developing Others for Growth, Building Team Effectiveness & Collaboration & Leadership Integrality & Holistic Approach.

Reflecting the depth and diversity of managerial capability within the organisation, five Union Assurance leaders were individually recognised across distinct award categories this year. Sashika Perera, Senior Manager – Statutory Reporting & Taxation, and Ishanthi Umedha, Head of Governance & Valuation, were recognised for ‘Demonstration of Well-Rounded Performance and Managerial Effectiveness.

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