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Regaining the momentum amidst continuing headwinds - Adaderana Biz English

Regaining the momentum amidst continuing headwinds - Adaderana Biz English
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Financial results of Sampath Bank for Q1 of 2021

The Bank recorded a Profit before tax (PBT) of Rs 6.1 Bn in 1Q 2021
compared to Rs 3 Bn in 1Q 2020, denoting a growth of 101%, while Profit after tax
(PAT) increased by 83% to Rs 4.6 Bn from Rs 2.5 Bn recorded in the first
quarter of 2020. Resilient performance of all business lines along with the
improved credit quality helped bolster Sampath Bank’s performance in the first
quarter of 2021.
The Sampath Group also registered significant growth in 1Q 2021,
as evinced by the improvement in both PAT and PBT in the first quarter of the
year. The Group reported a Rs 5.1 Bn PAT and a Rs 6.7 Bn PBT for the period under ....

Sri Lanka , Sri Lankan , Sampath Bank , Fund Based Income , Sampath Group , Interpretation Committee , Based Income , Sri Lankan Rupee , Financial Reporting Standards Implementation , Common Equity Tier , Tieri Capital , Total Capital Adequacy , Statutory Liquid Asset Ratio , Domestic Banking Unit , Off Shore Banking Unit , Average Assets , Average Equity , Sri Lanka Business News , Ri Lanka Finance News , Anka Business Online , ஸ்ரீ லங்கா , ஸ்ரீ லங்கன் , சம்பத் வங்கி , நிதி அடிப்படையிலானது வருமானம் , சம்பத் குழு , விளக்கம் குழு ,

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) ....

Bank Net Other Operating Income , Bank Net Interest Margins , Sri Lanka Development Bonds Sldbs , Sri Lanka International Sovereign Bonds Slisbs , Bank Term Deposit , Sampath Bank , Fund Based Income , Bank Common Equity Tier , Financial Performance , Profit After Tax , Profit Before Tax , Based Income , Net Interest Margins , Interest Income , Total Interest Expenses , Modification Method , Sri Lanka Accounting Standards , Net Gain , Financial Assets , Individually Significant Loans , Collective Impairment , Sri Lanka Development Bonds , Sri Lanka International Sovereign Bonds , Treasury Bills , Treasury Bonds , Savings Accounts ,