Housing Development Finance Corporation Bank of Sri Lanka
CCSELK:HDFC.N000058.10
LKR
-0.90
(-1.53%)
ISIN
LK0339N00008
Return %
Stock
S&P 500
1Y
31.15
14.20
3Y
76.60
81.12
5Y
66.48
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Hemal Chaminda Lokugeegana
- Full Time Employees
- 453
- Sector
- Finance
- Industry
- Regional banks
- Address
- Colombo Sri Lanka
- IPO Date
- Nov 12, 2003
- Website
- hdfc.lk
- Similar Companies
- Business
- Housing Development Finance Corporation Bank of Sri Lanka, operating as HDFC Bank of Sri Lanka, is a licensed specialized bank in Sri Lanka primarily engaged in the provision of housing finance, retail banking, microfinance, and development lending services. Founded in 1984 under the Housing Development Finance Corporation of Sri Lanka Act and converted into a licensed specialized bank in 2003, the bank is headquartered in Colombo, Sri Lanka, and listed on the Colombo Stock Exchange, with the Government of Sri Lanka maintaining a majority stake. The institution operates an extensive island-wide branch network across all nine provinces of Sri Lanka, supported by mobile banking units and digital delivery channels serving low- and middle-income individuals, public and private sector employees, and micro, small, and medium-sized enterprises. The company provides a wide array of financial products and services, which include housing loans and mortgage financing, such as Kedella home construction loans, residential land purchase loans, home improvement and renovation loans, condominium purchase loans, and Employees' Provident Fund linked housing loan schemes; deposit and savings schemes, comprising regular savings accounts, Thirasara fixed deposit accounts, Prathilabha high-yield savings, Kedella children's savings plans, Dirimaga women's savings accounts, and senior citizen term deposit facilities; personal and consumer credit solutions, including personal loans for salaried employees, educational loans, lifestyle loans, and gold loan pawning services; microfinance and SME development loans, featuring Diri Piyasa micro-credit facilities, agricultural loans, working capital financing, self-employment loans, and small business asset leasing; and digital banking and payment services, including LankaPay-enabled debit card issuance, automated teller machine access, internet and mobile banking platforms, utility bill payment services, and palmtop-based doorstep banking operations. In recent operations, HDFC Bank of Sri Lanka has executed a strategic diversification program to expand its footprint beyond traditional residential mortgages into micro, small, and medium enterprise lending and green financing. The bank has broadened its digital banking capabilities through upgraded core banking infrastructure, enhanced mobile application functionality, and digitized field collection technologies to accelerate financial inclusion across underserved rural and semi-urban markets. Additionally, the bank has introduced targeted green lending facilities, including dedicated financing schemes for residential rooftop solar energy systems in alignment with national renewable energy initiatives. The institution has also strengthened its balance sheet management, reinforcing capital adequacy and liquidity buffers in compliance with Central Bank of Sri Lanka Basel III directives and enhancing credit underwriting and risk mitigation frameworks.