Sampath Bank recorded an impressive profit after tax growth of 56% during the nine month period ended 30th September 2014.
The post -tax profit of the Bank during the period was Rs 3.71 Bn, as compared to Rs 2.38 Bn, achieved in the corresponding period in 2013. Improvements in all sources of income namely, net interest income (Rs.420 Mn), net fee and commission income (Rs.385 Mn), net trading income (Rs.501 Mn), other operating income (Rs. 979 Mn) and drop in impairment charge for loans ( Rs.1,020 Mn), contributed towards this growth in profit.
Sampath Bank Group too recorded a profit after tax of Rs. 3.93Bn for the nine month period ended 30th September 2014, a growth of 54% compared to Rs 2.55 Bn for the same period in 2013.
NII, which is the main source of income from the fund based operations and representing over 66% of the total operating income, increased from Rs 11,267 Mn for the nine months ended 30th September 2013 to Rs 11,686 Mn for the nine months ended 30th September 2014, recording a modest growth of 3.7%. .
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The post -tax profit of the Bank during the period was Rs 3.71 Bn, as compared to Rs 2.38 Bn, achieved in the corresponding period in 2013. Improvements in all sources of income namely, net interest income (Rs.420 Mn), net fee and commission income (Rs.385 Mn), net trading income (Rs.501 Mn), other operating income (Rs. 979 Mn) and drop in impairment charge for loans ( Rs.1,020 Mn), contributed towards this growth in profit.
Sampath Bank Group too recorded a profit after tax of Rs. 3.93Bn for the nine month period ended 30th September 2014, a growth of 54% compared to Rs 2.55 Bn for the same period in 2013.
NII, which is the main source of income from the fund based operations and representing over 66% of the total operating income, increased from Rs 11,267 Mn for the nine months ended 30th September 2013 to Rs 11,686 Mn for the nine months ended 30th September 2014, recording a modest growth of 3.7%. .
www.island.lk
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