Latest Breaking News On - Truly sri lankan bank - Page 7 : comparemela.com

Seylan Bank made a steady start in 2021 by posting a Profit After Tax (PAT) of LKR 1bn in Q1 2021 amidst macro-economic challenges brought in by the COVID-19 pandemic. Interest income recorded a decline due to the lower interest rates and moderate book growth but net interest margin showed a marginal increase over the corresponding period in 2020 due to lower financing costs. Net Fee & Commission Income increased marginally to LKR 1.2bn from LKR 1.0bn, recording a YoY growth of 17.41% due to enhanced trade and guarantee volumes compared to the previous year. The Total Operating Income growth of 22.25% predominantly driven by net gains reported from de-recognition of financial assets which increased to LKR 185.2mn from LKR 69.6mn in 1Q 2020 and the other operating income increased by LKR 858.8Mn mainly due to increase in exchange income. On the flip side, trading activities reported a loss of LKR 611.4mn mainly due to market to market loss on derivatives which contracted the operat

New zealandUnited kingdomSri lankaSri lankanJayantha sb rangamuwaAravinda pereraJayantha rangamuwaSri lanka institute of credit managementDiploma in finance administrationInstitute of managementAssociation of professional bankers sri lankaBoard of pan asia bankInstitute of management accountants australiaInstitute of chartered accountants sri lankaSinger finance lankaCertificate in foundation