Ceylon FT: State-owned banking giant Bank of Ceylon (BoC) reported a group net profit of Rs 12.15 billion for the year ended 31 December 2013, down 16.84% from a year ago, audited financial results filed with stock exchange showed.
Impairment charges and reversals for loans and other losses: Individual impairment fell 145.40% to Rs 665.35 million and collective impairment rose 191.17% to Rs 7.99 billion.
Operating expenses rose 14.51% to Rs 27.24 billion.
At bank level, net profits fell 16.16% to Rs 12.08 billion with net interest income growing 5.16% to Rs 37.14 billion.
The group's assets rose 13.56% to Rs 1.22 trillion as at end December 2013.
Loans and advances grew 5.16% to Rs 746.57 million and deposits grew 21.51% to Rs 850.76 million
www.ceylontoday.lk.
Net interest income grew 5.58% to Rs 39.34 billion and net fee and commission income fell 12.33% to Rs 5.93 billion.
Impairment charges and reversals for loans and other losses: Individual impairment fell 145.40% to Rs 665.35 million and collective impairment rose 191.17% to Rs 7.99 billion.
Operating expenses rose 14.51% to Rs 27.24 billion.
At bank level, net profits fell 16.16% to Rs 12.08 billion with net interest income growing 5.16% to Rs 37.14 billion.
The group's assets rose 13.56% to Rs 1.22 trillion as at end December 2013.
Loans and advances grew 5.16% to Rs 746.57 million and deposits grew 21.51% to Rs 850.76 million
www.ceylontoday.lk.
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