Minority Slams AG Over Media Prosecution

The Minority in Parliament has launched a scathing attack on the Attorney General (AG), accusing him of conducting what it calls ‘press prosecutions’ that undermine constitutional guarantees of fair trial and due process.

Addressing journalists in Parliament yesterday, the Legal Advisor to the Minority, John Darko, said the Attorney General, Dr. Dominic Ayine, had consistently violated the rights of citizens under investigation by publicly labeling them as guilty before the courts had made any determination.

Quoting Article 19(2)(c) of the 1992 Constitution, which states that a person charged with a criminal offence ‘is presumed innocent until proven guilty,’ Mr. Darko said the Attorney General’s recent public engagements, branded as Accountability Series, amounted to ‘a blatant disregard of the Constitution and an assault on the rule of law.’

According to him, ‘The Attorney General, by his press prosecution, has prejudiced this all-important constitutional provision. Under the guise of accountability, he has violated the privacy and dignity of individuals by discussing ongoing investigations and pending cases in the media.’

Mr. Darko cited several instances in which the Attorney General had made public pronouncements that, in his view, compromised the integrity of the judicial process.

He referred to comments describing some accused persons as ‘lawless looters’ and members of a ‘criminal enterprise,’ which he said had already convicted them in the court of public opinion.

‘Today, many Ghanaians already believe that people like Abdul Wahab, Fazia Seidu Awuni, Chairman Wontumi, Gifty Oware, Osei Assibey Antwi, and Kwabena Adu-Boahen are guilty, even before they open their defence in court,’ he said, pointing out, ‘This is because the Attorney General has successfully pushed that narrative in the media.’

The Minority’s Legal Advisor warned that such media trials risked influencing judges and undermining the impartiality of the courts.

‘Our judges live among us, attend the same events, and listen to the same radio shows. When the Attorney General repeatedly holds press conferences and makes sensational allegations, it taints the judicial atmosphere and prejudices the trial,’ he argued.

Mr. Darko, who is also the New Patriotic Party (NPP) Member of Parliament (MP) for Suame, described the situation as a dangerous erosion of constitutional safeguards meant to protect citizens from arbitrary state action.

‘In jurisdictions where juries determine facts, cases like these would be relocated to avoid tainted juror pools. But in Ghana, where judges serve as both judges of law and fact, such conduct can seriously compromise justice,’ he explained.

He accused the Attorney General of disregarding professional ethics by discussing matters that are sub judice and urged the Ghana Bar Association and the media to call him to order.

‘The Attorney General, who is the titular head of the Bar, should be the first to uphold the standards of the legal profession. Instead, he has turned the law into a tool for political theatre,’ he lamented.

While reaffirming the Minority’s support for accountability and the fight against corruption, Mr. Darko said the government’s current approach smacked of political bias and selective justice.

He cited cases involving former National Democratic Congress (NDC) officials that were withdrawn under questionable circumstances, contrasting them with ongoing prosecutions of individuals perceived to be aligned with the opposition New Patriotic Party.

‘If the Attorney General claims to be committed to accountability, he must also explain why he withdrew cases involving certain NDC officials accused of misappropriating state funds. Why are others being prosecuted in the media while those cases quietly vanish from court?’ he questioned.

The Minority called on civil society, traditional authorities, the clergy, and the general public to resist what it described as the ‘gradual tearing down of Ghana’s constitutional guardrails.’

‘We are not against accountability. We are against a biased, populist, and unconstitutional media trial that destroys reputations before the courts have spoken. If this continues unchecked, we risk waking up one day to find that our democracy has been eroded beyond repair,’ Mr. Darko concluded.

Moyes Hails Kudus For Brilliant Start At Tottenham

Everton manager David Moyes has praised Ghanaian midfielder Mohammed Kudus for his impressive start at Tottenham Hotspur, describing him as one of the Premier League’s most creative players this season.

Kudus, 25, joined Spurs from West Ham United in a £55 million move during the summer, signing a five-year deal with the North London club.

Since his arrival, he has been in scintillating form, topping the Premier League assist chart alongside Manchester City’s Jack Grealish with four assists.

‘He’s a brilliant player,’ Moyes said ahead of Everton’s 3-0 defeat to Tottenham on Sunday. ‘He has so many attributes to his game. He is a great boy to work with. I hugely enjoyed managing him.’

The Scottish manager commended Kudus’s strength, balance, and versatility, noting that the Ghanaian can comfortably operate across multiple attacking positions. ‘He can’t be knocked off the ball and can play inside or outside. He can play several positions if you want him,’ Moyes added.

Kudus was one of West Ham’s standout performers last season, scoring 18 goals in all competitions before completing his move to Tottenham.

‘He’s just finding his form at Tottenham,’ Moyes said. ‘From a distance, he looks like their best buy of the summer.’

The in-form midfielder will aim to continue his hot streak when Tottenham face Newcastle United in the EFL Cup before hosting Chelsea in the Premier League this weekend.

Kwabenakwa Shooting Suspect Arrested

The Obuasi Police have arrested a man believed to be behind the recent shooting incident at Kwabenakwa in the Obuasi East Municipality, which left six people, including a one-year-old baby, injured.

The suspect, identified as Joseph Antwi, also known as Kofi Koo, aged 32, was arrested on October 17, 2025, at the Kwabenakwa Police Barrier while attempting to escape.

According to a police statement signed by ACP Joseph Hammond Nyaaba, the Regional Commander, an arrest warrant had earlier been secured from the Obuasi Magistrate Court, and the suspect had been declared wanted. Following the directive of the Regional Commander, a team of officers intensified efforts that eventually led to his capture.

The shooting occurred on October 14, 2025, at the Kwabenakwa lorry station, when the suspect allegedly fired gunshots indiscriminately, injuring six people. The victims were identified as Karatina Boateng, aged 20, and her one-year-old son, Ibrahim Rean; Samuel Agyaben, 37; Maxwell Nyarko, 20; Achiaa Mensah, 28; and Mallam, 24.

All the victims were rushed to various hospitals within the Obuasi Municipality. Police say five of them were treated and discharged the same day, while Karatina and her baby were referred to the Komfo Anokye Teaching Hospital (KATH) for further medical attention.

The suspect, Joseph Antwi, was arraigned before the Obuasi Magistrate Court on October 21, 2025, on a preliminary charge of causing harm, contrary to Section 69 of the Criminal and Other Offences Act (Act 29/60). He has been remanded into prison custody to reappear on November 4, 2025.

Police have assured the public that investigations are ongoing to uncover other aspects of the case and ensure justice is served.

Former DCE Dies In Accident

The former District Chief Executive (DCE) for North Tongu, Osborn K. Divine Fenu, has reportedly passed away. He was involved in a fatal accident earlier a few days ago around Central University on his way to Accra.

He was rushed to the Tema General Hospital, where he was pronounced dead upon arrival. He was last seen in Battor earlier in the day, where he attended to a family issue.

Air Traffic Safety Electronics Association Announces Strike

The Ghana Air Traffic Safety Electronics Association (GhATSEA) will commence an indefinite industrial action from October 30, 2025.

This was contained in a statement issued by the association yesterday and signed by Ing. David Annan Mensah. The action, the association stated, is ‘in accordance with Section 160 of the Labour Act, 2003 (Act 651).

The action will only be called off when all outstanding matters are satisfactorily resolved, one of which is the removal from office of two top executives.

This action, according to the statement, ‘though regrettable, is the direct consequence of management’s neglect and lack of good faith engagement.’ The association has nonetheless apologised to all local and international airline operators, passengers, and the travelling public for any inconvenience this may cause.

The responsibility for any disruptions must be placed squarely on those who have ignored the legitimate cries of the technical professionals who ensure the continuous safety and reliability of Ghana’s air navigation systems, according to the association.

Continuing, the association expressed special worry about what it regards as ‘the regimental and brazen posture adopted by the Ag. Director-General, Rev. Stephen Arthur, and the Ag. Deputy Director-General (Technical), Mr. Theophilus Ago. The latter, the association noted, ‘shockingly conveyed a ‘Do your worse’ stance.’

This level of insensitivity towards a body of highly skilled professionals whose daily work underpins the safety and reliability of Ghana’s airspace is both unacceptable and intolerable, the association pointed out.

The association has called for a reset in management’s approach to labour relations and staff welfare.

‘We therefore demand the immediate removal of Mr. Ebenezer Sagoe from his position and a comprehensive review and resolution of all outstanding issues that have lingered for far too long. The integrity of the Human Resource office must be restored to preserve industrial harmony and ensure the continued safe and efficient operation of the aviation system,’ demands the association.

The association has endured, the statement noted, ‘a prolonged mishandling of our legitimate grievances by the management of the Ghana Civil Aviation Authority (GCAA).

‘Our patience has been stretched beyond measure, and the silence and inaction on issues that directly affect the morale, motivation, and welfare of key technical professionals, the Air Traffic Safety Electronics Personnel (ATSEP), have left us deeply disgruntled, demoralised, and feeling neglected and disrespected.’

For years, GhATSEA, according to the statement, ‘has peacefully petitioned and engaged Ghana Civil Aviation Authority (GCAA) Management on longstanding matters relating to unfair salary administration, inequitable job placement, and unresolved welfare challenges that have persisted for over fifteen (15) years.’ These concerns have been consistently mishandled, with the Director of Human Resource, Mr. Ebenezer Sagoe, at the centre of the mismanagement that has eroded confidence in that office, according to the statement.

The appeals of the association for fair treatment and structural correction have fallen on deaf ears, leaving ATSEPs across all regional airports feeling betrayed and unappreciated for their critical role in maintaining aviation safety.

The industrial action means that the Availability, Accuracy, Serviceability, Reliability, and Integrity of Communication, Navigation, and Surveillance (CNS/ATM) systems and services which provide the backbone of air traffic safety cannot be guaranteed, rendering all airports unsafe for local and international airlines to be cleared to take off and land countrywide.

Hong Kong-based Giesecke & Devrient gets contract to upgrade CBSL’s currency operations

The Cabinet of Ministers on Monday green lighted to award a contract to Hong Kong-based Giesecke and Devrient Asia Pacific Ltd., to enhance the currency operations and monitoring activities of the Central Bank of Sri Lanka, following a competitive procurement process.

The approval follows a dual-stage bidding process initiated to select an institution capable of improving the Central Bank’s currency operations.

‘Four institutions initially expressed interest. After it met the qualification criteria established by the Higher-Level Standing Procurement Committee and a thorough evaluation of technical and financial proposals, it recommended awarding the contract to Giesecke and Devrient Asia Pacific Ltd.,’ Acting Cabinet Spokesman and Minister Vijitha Herath said at the weekly post-Cabinet meeting media briefing yesterday.

He explained that the contract aims to strengthen the Central Bank’s capacity for currency monitoring, enhance operational efficiency and ensure improved management of banknote circulation, reinforcing the overall stability and integrity of the national currency system.

The proposal submitted by President Anura Kumara Disanayake in his capacity as Finance, Planning and Economic Development Minister to formally award the procurement to the Hong Kong-based firm was approved.

Sippi Jewellery launch showcases power of cross-cultural craft collaboration

Sri Lanka’s craft sector has reached a new milestone with the international launch of a jewellery brand co-created by local artisans and a British creative entrepreneur. The debut marks a huge first for Sri Lanka under a multilateral cultural and trade program, connecting creative vision with heritage craft on a global stage. It is the latest success story from an initiative bringing together institutions across Sri Lanka, the EU and the UK to transform artisan skills into premium export opportunities.

Sippi, a flagship candidate of the EU-Sri Lanka Matchmaking Program, delivered with the Sri Lanka Export Development Board (EDB), supported by the European Union to Sri Lanka and the Maldives, the Cultural Relations Platform (CRP), with the University of the Arts London (UAL) and British Council as knowledge partner and The Institute of Future Creations (TIFC) as program leader, has achieved a significant milestone with the launch of the first collection in the United Kingdom.

This launch stems from connecting European creatives with Sri Lankan artisan brands for a year of skills development, market access support and co-creation.

Earlier this year, Sippi Jewellery founder Sepideh Mojabi, a Churchill Fellow with a background in community entrepreneurship, undertook intensive training and mentoring in Sri Lanka alongside local artisans, focusing on sustainable production, ethical compliance and export-ready product development.

Last month saw the debut of Sippi Jewellery’s first collection in the UK. The range, co-created with Sri Lankan artisans, blends traditional techniques, responsibly sourced materials and story-driven design that speaks to heritage, ocean stewardship and cultural exchange.

EU/EDB program Project Lead and TIFC Founder Robert Meeder said: ‘This launch is the result of genuine, respectful collaboration between creative vision and artisan expertise. We are showing how the Sri Lankan craft sector can compete in premium global markets when given the right partnerships, design input and international exposure.’

The brand name Sippi comes from the Sinhalese word for seashell, a symbol Sepideh connected with while surfing along Sri Lanka’s coast during her Churchill Fellowship research on rural resettlement and migration. That experience, coupled with the training she received through the EU/EDB initiative, shaped a philosophy that honours heritage while embracing contemporary form.

Sippi’s journey reflects the core aim of the program: to create sustainable export pathways for Sri Lankan craft brands by pairing artisan producers with international creative collaborators, embedding fair-trade and environmental best practice, delivering market-specific design mentoring via UAL, and showcasing results at targeted international platforms, including the upcoming London showcase with UAL in January 2026.

‘Working through this program has been transformative,’ said Sepideh Mojabi. ‘I have never labelled myself a designer in the traditional sense, but I have always been a creative entrepreneur with a deep respect for craftsmanship. This program gave me the tools, the access, and the partnerships to translate ideas into a tangible collection. The pieces we launched in the UK are not just jewellery – they carry the stories of the people who made them, the heritage they come from, and the shared respect we built during the process. The launch was a moment of pride for everyone involved, from the makers in Sri Lanka to the customers in the UK who now wear their work. It pushed me to think beyond aesthetics and into ethics, market readiness, and the deeper value of storytelling. Seeing our work evolve from initial sketches in Sri Lanka to being worn internationally shows what is possible when collaboration is built on trust and shared purpose.’

‘Sippi’s launch is a clear example of how this program links makers and markets,’ said University of the Arts London International Development Manager Hannah Middleton. ‘The outcome is not just beautiful jewellery, but a strong, ethical brand narrative that carries Sri Lankan craft to a wider audience.’

With international interest growing and a compelling story at its core, Sippi Jewellery’s success signals the strength of Sri Lanka’s craft sector when supported by targeted training, thoughtful partnerships and meaningful market exposure. It stands as an example of how cultural heritage, when nurtured through modern collaboration, can create lasting economic and creative impact far beyond its place of origin.

Free-visa scheme for 47 countries to be implemented within two months: Tourism Minister

Sri Lanka’s long-delayed free visa policy for select countries is set to take effect within the next one to two months, Tourism Minister Vijitha Herath yesterday announced, as the Government moves to finalise and gazette the regulation.

‘We are finalising the process to gazette and submit the new regulation to Parliament for approval. After that, we expect it to be implemented within one to two months,’ he said in response to a query posed at the weekly post-Cabinet meeting media briefing yesterday.

Originally announced in August 2024 by the previous administration, the free visa scheme, covering 35 countries was intended to take effect from 1 October 2024(https://www.ft.lk/top-story/Presidential-boost-for-tourism-with-free-visa-to-35-nationals/26-765842), but was repeatedly delayed due to the Government transition.

In July this year, the Minister confirmed that the list had been expanded to 47 countries, adding that while the Treasury might lose an estimated $ 66 million annually in visa revenue, the policy is expected to yield higher indirect earnings through increased tourist spending (https://www.ft.lk/front-page/Cabinet-nod-to-rollout-free-visa-policy-for-40-more-countries-Vijitha/44-779517).

Tourism industry experts noted that the move was too late to woo tourists for the winter season. ‘They wasted the opportunity to launch a global campaign for almost a year and are now scrambling at the last moment to implement a free-visa initiative. Unlocking growth requires urgent action, consistent policy and real partnership with the private sector. Without this, accolades and potential will continue to be wasted,’ they told the Daily FT.

Herath also said Sri Lanka’s original 2025 target of 3 million tourist arrivals has been revised down to 2.4 million, with efforts now focused on achieving that goal in the remaining two months of the year.

Noting that the country has already surpassed 1.8 million arrivals year-to-date (YTD), he pointed out that they are now intensifying efforts to attract more visitors, particularly from European markets, to boost both tourist numbers and revenue.

‘Sri Lanka aims to reach 2.4 million visitors by year-end. We are trying our best to reach that target. We don’t know whether we will succeed or not,’ he added.

As per the latest data released by the Sri Lanka Tourism Development Authority (SLTDA), the country has so far welcomed 137,876 tourists in the first 26 days of October, reflecting a 22% year-on-year (YoY) growth, whilst propelling the cumulative figure to over 1.86 million visitors, accounting for around 62% of the full-year target. The revised arrivals target, quietly acknowledged by the SLTDA in its Growth Scenarios report (https://www.sltda.gov.lk/storage/common_media/Growth_Scenarios_2025_final_1.pdf) aligns, where its projections outline three potential outcomes- a ‘Lower Scenario’ of 2.415 million arrivals, a ‘Conservative Scenario’ of 2.676 million and an ‘Optimistic Scenario’ of 3 million. Given this trajectory, Sri Lanka appears likely to fall short of the 2.676 million Conservative target and will need a significant surge in November and December to even meet the 2.415 million ‘Lower Scenario’ target.

However, the Minister noted that passenger volumes and flight operations are expected to increase significantly during the next two months, supported by new airline schedules and expanded routes, citing Kuwait Airways, Belarus’s national carrier Belavia Airlines, Russia’s Red Wings Airlines and Edelweiss, a subsidiary of SWISS International Air Lines, commencing operations to BIA and Mattala International Airport.

‘During the winter season, Russian arrivals will increase significantly with the charter flights operating to Mattala,’ he added.

India continues to lead Sri Lanka’s tourist source markets YTD, followed by the United Kingdom and Russia. Herath noted that as a percentage European tourists have visited the most which are also considered the high-end travellers.

He also pointed to several new promotional campaigns underway to draw more European visitors, including targeted efforts in Scandinavian countries and the UK.

The Minister also said tourism revenue reached $ 2.47 billion in the first nine months, less than half of the Government’s $ 5 billion annual revenue goal.

Sri Lanka earned $ 3.17 billion in tourism revenue in 2024, marking a 53.2% increase from $ 2.07 billion in 2023. Tourist arrivals also rose 38.1% year-on-year to 2.05 million, though the country missed its 2.3 million arrivals and $ 4 billion revenue targets for 2024.

Tourism, which once contributed nearly 5% to Sri Lanka’s GDP, has faced severe setbacks since its 2018 peak due to the Easter Sunday attacks in 2019, the COVID-19 pandemic 2020 and the economic crisis 2022. Thus, the year 2018 remains the industry’s benchmark, when the country recorded 2.33 million arrivals and over $ 4.5 billion in rev

Singer unveils Honor Magic V5, redefining foldable flagship smartphones

Singer Sri Lanka PLC is redefining the premium smartphone experience with the launch of the HONOR Magic V5, the brand’s most advanced foldable flagship to date.

Designed to merge artistry, intelligence, and performance, the model introduces a new era of mobility, enabling users to unlock productivity and creativity like never before.

The HONOR Magic V5 wcombines stunning design with technological sophistication, boasting a foldable form factor that is only 4.2 mm thin when unfolded and an incredibly light 217 g body. It stands among the slimmest and most portable foldable smartphones ever made. The device also features dual HDR displays with a peak brightness of 5000 nits, ensuring exceptional clarity and contrast. Both screens come with pen support, providing a seamless experience for users who prefer to sketch, annotate, or multitask across two high-definition panels.

Singer Sri Lanka Group Managing Director Mahesh Wijewardene said: ‘We are proud to introduce the HONOR Magic V5, a device that embodies true innovation and craftsmanship. This foldable smartphone reflects our continued commitment to bringing world-class technology to Sri Lankan consumers and offering them not only premium performance but also a glimpse into the future of mobile experiences.’

HONOR President – Southeast Asia Region George Zheng said: ‘The Magic V5 is a statement of HONOR’s leadership in design and innovation. Through our partnership with Singer, we are delighted to bring this exceptional device to Sri Lanka. Its foldable form, AI capabilities, and ecosystem connectivity represent a new standard in what users can expect from a flagship smartphone.’

Hayleys Chairman Mohan Pandithage (left) inspects the Honor phone

The phone’s true power lies in its intelligent AI-driven experience. Its split-screen AI assistant lets users multitask seamlessly across both displays, from browsing to attending meetings, all enhanced by smarter organisation and smoother performance.

The phone’s camera system is equally impressive, headlined by a 64MP Ultra Sensing Periscope Telephoto Camera that captures striking detail and vivid colour, even in low light. Combined with HONOR’s advanced image processing technology, the HONOR Magic V5 delivers professional-grade photography and videography that matches its premium aesthetic.

The launch of the HONOR Magic V5 marks a milestone for both brands, symbolising their shared commitment to innovation and excellence. As consumer interest in foldable technology grows, this collaboration between Singer and HONOR underscores their dedication to making premium innovations more accessible to Sri Lankan users.

Seylan Bank PAT up 26% YoY to Rs. 8.3 b by Q3 2025

Seylan Bank yesterday said it recorded a Profit Before Income Tax (PBT) of Rs. 12.8 billion in Q3 2025, up 20.75% from Rs. 10.6 billion in Q3 2024. For the 9 months ended 30 September 2025, Profit After Tax (PAT) recorded by Seylan Bank was Rs. 8.3 billion, up 26.30% from Rs. 6.6 billion recorded in the corresponding period of 2024.

The bank said that net interest income decreased from Rs. 27.2 billion to Rs. 27 billion, a marginal decrease of 0.75% over the previous year for the 9 months ended 30 September 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 4.48% in Q3 2025. Net fee based income recorded a growth of 15.99% from Rs. 5.8 billion to Rs. 6.7 billion during Q3 2025, and growth was mainly attributed to fee income from cards, remittances, trade and other financial services.

The bank’s total operating income for Q3 2025 was Rs. 35.1 billion, an increase of 2.57% compared to Rs. 34.3 billion in the corresponding period of 2024, driven mainly by the increase net fee and commission income and other operating income during the period.

Total Operating Expenses recorded an increase of 9.38% from Rs. 15.7 billion in 2024 to Rs. 17.1 billion in 2025 for the 9 months ended 30 September 2025. Personnel expenses increased by 8.21% from Rs. 8.1 billion to Rs. 8.7 billion mainly due to increase in staff related expenses.

Other operating expenses and depreciation and amortisation expenses too increased by 10.64% due to increase in prices of consumables and services over the period. The Bank continues to take relevant measures to curtail costs through various cost optimisation initiatives.

The bank recorded an impairment charge of Rs. 772 million in Q3 2025 against Rs. 4.1 billion reported in Q3 2024, a reduction of 81.39%.

The bank has ensured impairment provisions are made to capture changes in 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 recognised in the financial statements.

The bank’s Asset Quality Ratios of Impaired Loan (Stage 3) Ratio stood at an impressive 1.48% (2024 – 2.10%), while the Stage 3 Provision Cover Ratio stood at a strong 83.22% as at 30/09/2025, one of the highest in the banking industry.

Income tax expenses recorded as Rs. 4.5 billion, which is a 11.64% increase over the comparative period, which stood at Rs. 4 billion.

Value Added Tax on Financial Services increased for the first nine months from Rs. 3.3 billion to Rs. 3.9 billion in 2025 which is a 15.33% increase over the corresponding period.

Social Security Contribution Levy increased for the first nine months from Rs. 467 million to Rs. 539 million in 2025 which is a 15.33% increase over the corresponding period.

Overall, the bank recorded a Profit After Tax (PAT) of Rs. 8.3 billion during Q3 2025 a growth of 26.30% over the corresponding period in 2024.

The bank’s total Assets increased from Rs. 780 billion to Rs. 853 billion during Q3 2025, demonstrating a steady growth over the last nine months in 2025. The bank also made arrangements to canvas new bank loans and deposits while retaining its existing customer base.

Loans and advances of the bank were recorded at Rs. 534 billion, a net growth of Rs. 71 billion, while deposits were recorded at Rs. 675 billion, a net growth of Rs. 28 billion during Q3 2025. The bank’s CASA ratio was maintained at 29%.

Key financial ratios and indicators of Seylan Bank remained sound as of 30 September 2025. The capital adequacy ratios were well above the regulatory minimum requirements and recorded 12.24% as Common Equity Tier 1 Capital Ratio and Total Tier 1 Capital Ratio and 18.34% 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 317.20% and 276.57% respectively.

The banks’s Asset Quality Ratios of Impaired Loan (Stage 3) Ratio and the Impairment (Stage 3) Provision Cover Ratio stood at 1.48% (2024 – 2.10%) and 83.22% (2024 – 80.90%) respectively.

The Return on Equity (ROE) stood at 15.08% (2024 – 15.35%) and Return on Average Assets (profit before tax) stood at 2.12% (2024 – 2.14%) for the period under review.

The bank’s Earnings per Share stood at Rs. 13.10 in Q3 2025 compared to Rs. 10.37 reported in Q3 of the previous year. The bank’s Net Assets Value per Share stood at Rs. 122.99 as at 30 September 2025 (Group Rs. 126.33).

The bank opened 20 ‘Seylan Pahasara Libraries’ during the first nine months in 2025, taking the total number of libraries contributed to 285, which signifies the bank’s commitment to foster wider focus on education through building of libraries in under privileged schools across the island.

The bank also successfully raised Rs. 15 billion Basel III compliant, Tier 2, listed, rated, unsecured, subordinated, redeemable, 5 years and 10 years Debentures on 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.