Seylan Bank reports PAT of LKR 6.1 Bn during H1 - 2026
Seylan Bank reports PAT of LKR 6.1 Bn during H1 - 2026
• Profit before Income Tax - LKR 9.3 Bn up by 10.10%
• Profit after Tax – LKR 6.1 Bn up by 10.78%
• Total Assets reach LKR 976 Bn
• Return on Equity (ROE) of 14.74%
• Impaired Loans (Stage 3) Ratio at 1.03%
The Bank recorded a Profit Before Income Tax (PBT) of LKR 9,298 Mn during H1 2026, compared to LKR 8,444 Mn reflecting a year-on-year growth of 10.10%.
For the 6 months ended 30th June 2026, the Bank recorded a Profit after Tax of LKR 6,080 Mn representing a growth of 10.78% compared to LKR 5,489 Mn recorded in the corresponding period of 2025.
Statement of Financial Performance
Net interest income increased to LKR 19,560 Mn from LKR 17,762 Mn, an increase of 10.12% over the comparative period mainly due to the significant growth in bank’s total assets over the last 12 months from LKR 812 Bn as end of H1 2025 to LKR 976 Bn as at 30th June 2026. The Bank’s Net Interest Margin (NIM) moderated from 4.50% in 2025 to 4.16% during H1 2026.
Meanwhile, the Bank’s net fee-based income recorded a growth of 20.85%, increasing from LKR 3,847 Mn to LKR 4,650 Mn, primarily driven by fee income from Cards, Remittances, Trade, Loans and other financial services.
Other income, comprising net gains/(losses) from trading, net gains from the derecognition of financial assets, and other operating income, increased during the period, primarily due to foreign exchange gains arising from higher trade volumes. However, this increase was partially offset by the decline in mark-to-market gains on government securities and equity investments, reflecting the impact of prevailing market interest rates and related price movements.
The Bank’s total operating income was recorded as LKR 25,542 Mn, an increase of 13.34% compared to LKR 22,536 Mn recorded in the corresponding period of 2025.
Total operating expenses increased by 14.23%, rising from LKR 10,753 Mn in H1 2025 to LKR 12,282 Mn in H1 2026. Personnel expenses grew by 12.96%, from LKR 5,801 Mn to LKR 6,553 Mn, primarily due to annual salary revisions. Other operating expenses, including depreciation and amortization, increased by 15.72%, reflecting higher prices of consumables and other related cost of services over the period. The Bank continues to implement targeted cost optimization initiatives to manage overhead costs efficiently.
