By J. Kurukulasuriya
Ceylon FT: HDFC Bank of Sri Lanka, (Housing Development Finance Corporation Bank), which is a relatively "small" bank with 33 branches and 534 employees, has completed a successful quarter with a 166% increase in net profits over the previous period ending 31 March 2013. Profit after tax was Rs 102 million for the quarter.
Personnel expenses increased by 24% to Rs 156 million, while Admin and "other operating expenses" showed small increases, but the bank's "fee and commission income" increased markedly 352 %, to Rs 94 million for the quarter.
The bank reported a "core capital adequacy ratio as a percentage of risk weighted assets" (minimum requirement is 5%), of 16%. It also reported a return on equity of 15.31%. The statutory liquid assets ratio percentage (minimum requirement for a bank is 20%), stood at 31%.
The bank has a stated capital of Rs 962,093,000, the public shareholding percentage being 30.72%.
The bank's shares traded at a price of between Rs 29.90 and 39-80 in the quarter, while its four year debentures traded at Rs 111.06.
The National Housing Development Authority is the main shareholder with 49.73%. Lanka Orix Leasing Company holds 15%, and Thurston Investments Ltd holds 14%. The UDA holds 0.46%, and State Engineering Corporation, 0.19%. Dr. Senthilverl Thirugnanasambandar is the top individual shareholder with 2.53%.
www.ceylontoday.lk
Ceylon FT: HDFC Bank of Sri Lanka, (Housing Development Finance Corporation Bank), which is a relatively "small" bank with 33 branches and 534 employees, has completed a successful quarter with a 166% increase in net profits over the previous period ending 31 March 2013. Profit after tax was Rs 102 million for the quarter.
Personnel expenses increased by 24% to Rs 156 million, while Admin and "other operating expenses" showed small increases, but the bank's "fee and commission income" increased markedly 352 %, to Rs 94 million for the quarter.
The bank reported a "core capital adequacy ratio as a percentage of risk weighted assets" (minimum requirement is 5%), of 16%. It also reported a return on equity of 15.31%. The statutory liquid assets ratio percentage (minimum requirement for a bank is 20%), stood at 31%.
The bank has a stated capital of Rs 962,093,000, the public shareholding percentage being 30.72%.
The bank's shares traded at a price of between Rs 29.90 and 39-80 in the quarter, while its four year debentures traded at Rs 111.06.
The National Housing Development Authority is the main shareholder with 49.73%. Lanka Orix Leasing Company holds 15%, and Thurston Investments Ltd holds 14%. The UDA holds 0.46%, and State Engineering Corporation, 0.19%. Dr. Senthilverl Thirugnanasambandar is the top individual shareholder with 2.53%.
www.ceylontoday.lk
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