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Sampath Bank posts Rs. 8 bn PAT against COVID-19 backdrop

Sampath Bank posts Rs. 8 bn PAT against COVID-19 backdrop
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Sampath Bank report slight decline in profits for 2020

Financial
Performance for the Year 2020
Sampath
Bank recorded a decline in Profit After Tax (PAT), from
Rs 11.1 Bn in 2019 to Rs 8 Bn for the year 2020. Despite this being a 28%
decline, it is nonetheless a noteworthy result against the backdrop of the
COVID-19 induced economic slowdown locally and globally. Meanwhile, the Bank
registered a Profit Before Tax (PBT) of Rs 11.2 Bn compared to Rs 15.5 Bn
recorded in 2019, a decline of 27.9%.
The
PBT and PAT of the Group for the year ended 31
st December 2020 stood
at Rs 11.9 Bn and Rs 8.4 Bn respectively, denoting a decline of 27.2% and 27.6%
respectively.
Fund
Based Income (FBI) ....

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