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Nations Trust Bank continued to demonstrate its resilience in performance during the year. The loan portfolio increased by LKR 26 billion recording a 12% growth during the first six months of the year despite the challenging business environment.
While continuing to provide working capital loans ....
Pan Asia Bank records Impressive Performance amidst Challenges – Profit after Tax soars by 50% to post Rs. 1,356 Mn August, 3, 2021 Pan Asia Banking Corporation PLC reported an impressive performance for the six-month period which ended 30 June to report a Pre-Tax Profit of Rs. 1,822 million and a Post-Tax Profit of Rs. 1,356 million with growth rates of 27% and 50% respectively, while demonstrating the resilience amidst challenging macro-economic conditions. The bank’s performance was characterised by strength and resilience despite the heightened uncertainty due to the impact of the COVID-19 pandemic. In a statement, the bank said against the backdrop of the COVID-19 impact on the Sri Lankan economy, the bank’s Operating Profits before VAT on Financial Services reached Rs. 2,245 million with an increase of 25%, reflecting the excellence in core banking performance and the success of cost containment measures evidenced by improvement in all key matrices, w ....
Regaining the momentum amidst continuing headwinds - Adaderana Biz English bizenglish.adaderana.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizenglish.adaderana.lk Daily Mail and Mail on Sunday newspapers.
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 ....
Pan Asia Bank Records Best-Ever Q1 results in Challenging Times – Profit After Tax soars by 81% to post Rs. 750 Mn. May, 4, 2021 Net Fee and Commission Income - Rs. 466 Mn, up by 28% Other Operating Income - Rs. 179 Mn, up by 141% Operating Profits up by 47% to post Rs. 1,197 Mn owing to overall excellent core banking performance and success of cost containment strategies Operating Efficiency enhances as Cost-to-Income Ratio improves from 45.66% to 38.08% Profit Before Tax - 986 Mn, up by 51% despite increased prudential provisioning Key Profitability Indicators are among the best in the industry Net Interest Margin improves from 4.41% to 07% Return on Assets (Pre-Tax) improves from 1.70% to 24% ....