📈 Seylan Bank Projects 18% Profit Growth for 2027 Under Steady Rates

Sri Lanka’s Seylan Bank projects strong profit growth of ~18% in 2027, driven by sustained industry momentum and credit demand, provided interest rates remain steady. • Overall Financials & Milestones • Asset Base: Reached the landmark Rs. 1 Trillion milestone by end-September 2026. • Net Profit: Rose 9.5% YoY to Rs. 9.1 Bn for the first nine months of 2026. • Loan & Deposit Growth: Loans and advances grew 14.8%, while deposits increased 10.2% over 9M 2026, despite monetary tightening slowing credit in August/September. • Digital & Strategic Highlights • Digital Adoption: Digital penetration surged from 16% in 2023 to over 52%, backed by automated digital loan and payment services. • SME Support: Turnaround time for SME loans (comprising 23% of the loan book) reduced to a 72-hour decision window. • Wealth Management: Launching dedicated private banking operations with two Colombo centers early next year to capture market gaps left by foreign banks. • Economic Outlook & Risks Management expects national economic growth of 4%+ but highlighted risks from monetary policy headwinds, geopolitical conflicts, and potential climate disruptions (droughts).