Sampath Bank has announced plans to raise up to Rs. 10 billion via Basel III compliant, tier 2, listed, rated, unsecured, subordinated, redeemable five-year debentures with a non-viability conversion feature. The bank’s Board approved the initial issuance of 50,000,000 debentures at a par value of Rs. 100 each to raise Rs. 5 billion. There is
Sampath Bank announced a significant financial performance for the first half of 2024, with a 45% increase in profit after tax (PAT) to Rs. 11.1 billion, up from Rs. 7.7 billion in the same period last year. The profit before tax (PBT) also saw a notable rise, reaching Rs. 18.5 billion, a 40% increase compared
The Colombo Stock Exchange (CSE) experienced another day of poor performance, with both indices falling over 0.3% and a turnover of Rs. 629 million involving 18.7 million shares. The market’s overall sentiment remained subdued as investors awaited more clarity amidst ongoing political uncertainties. The All Share Price Index (ASPI) began the day positively, reaching an
The Colombo Stock Exchange ended on a positive note on Thursday, as indicated by the data on its website. The broader All Share Index increased by 0.29 percent, or 33.14 points, closing at 11,439. Meanwhile, the more liquid S&P SL20 Index rose by 0.62 percent, or 20.25 points, finishing at 3,285. The day’s turnover was
July ended with a market turnover of LKR 4.0 billion as indices closed in the red due to price losses in key counters such as John Keells Holdings, Sampath Bank, and Melstacorp. The total turnover crossed Rs. 3.9 billion, with notable crossings in Overseas Realty accounting for 74.0% of the turnover. Mixed interest was observed
Sri Lanka’s cabinet has approved five companies to operate foreign exchange counters at Bandaranaike International Airport, according to Minister Bandula Gunawardana. Following a competitive tender process, the selected firms are Bank of Ceylon, People’s Bank, Sampath Bank, Commercial Bank, and Thomas Cook. The franchise agreements will be effective for three years.
Indices closed in the red due to price drops in stocks like Hayleys, Hatton National Bank, and Melstacorp, with the turnover surpassing Rs. 1.5 billion. Notable crossings occurred in Windforce, Sampath Bank, John Keells Holdings, and Alumex, which together accounted for 52.1% of the turnover. There was mixed interest in Hayleys, LVL Energy Fund, and