Seylan Bank’s total assets passed Rs. 1 trillion in September, making it the fourth private sector bank in Sri Lanka to reach that level, the bank said in an announcement on 7 October.

The milestone was reported by Lanka Business Online on the day of the announcement, and by the Daily Mirror and Daily FT the following day.

Director and Chief Executive Officer Ramesh Jayasekara attributed the result to the bank’s staff and its customers.

“Surpassing LKR 1 trillion in total assets is a significant milestone for Seylan Bank. This achievement reflects the dedication of our employees and their continued focus on delivering value to our customers.”

Jayasekara said the bank’s customer-centred approach remained central to how it operates, and that it would stay focused on building on its growth.

Where that places the bank

Rs. 1 trillion is a scale threshold rather than a profit figure — it measures the total size of the bank’s balance sheet, not its earnings. Seylan says it is the fourth private sector bank in the country to cross it.

For comparison, Sampath Bank crossed Rs. 2 trillion in assets for the first time in the quarter ended 31 March 2026 — twice the level Seylan has now reached, which is consistent with Seylan sitting fourth among the private banks rather than at the top of the group.

Two Euromoney awards

The same announcement set out two honours the bank says it received at the Euromoney Awards for Excellence 2026: Sri Lanka’s Best Bank for Customer Experience, and Sri Lanka’s Best Bank for SMEs, Colombo Gazette reported.

Seylan says the customer experience title was retained for a second consecutive year, having also won it in 2025. The bank links the awards to its work on banking accessibility and on financial and non-financial support for small and medium-sized enterprises.

Not reported

The announcement gives no breakdown of how the balance sheet reached Rs. 1 trillion — no split between loans, investments and other assets, and no comparison with the same month a year earlier. It does not name the three private banks that crossed the threshold before Seylan, or say when they did so.

Neither the bank nor the outlets carrying the announcement give a deposit figure, a capital adequacy ratio, or a non-performing loan ratio alongside the asset total, so the milestone cannot be read here as a statement about asset quality. The figure is for September 2026 and has not been presented as part of audited quarterly accounts.

The reports originate from a bank announcement rather than independent analysis, and all four accounts carry substantially the same material.

Sources: Lanka Business Online, Daily Mirror, Daily FT, Colombo Gazette.