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
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
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.
Statement
of Financial Performances
Interest income
recorded a decline due to the lower interest rates and moderate book gro
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