Ceylon FT: Diversified conglomerate John Keells Holdings' banking unit, Nations Trust Bank PLC, reported a group net profit of Rs 2.13 billion for the year ended 31 December 2013, up 10% from a year ago, interim financial results showed.
Net fees and commission income increased 22% to Rs 2.5 billion and trading expense of Rs 478.4 million was reported as a against an income of Rs 287.6 million a year ago.
Gross income increased 14% to Rs 20.36 billion and net interest income increased 33% to Rs 7.67 billion.
Impairment charges for loans and advances increased 4% to Rs 450.6 million.
Operating expenses increased 23% to Rs 5.77 billion.
The non-performing loans ratio stood at 2.13% as at end December 2013, up from 1.31% a year ago.
Operating expenses increased 23% to Rs 5.77 billion.
The non-performing loans ratio stood at 2.13% as at end December 2013, up from 1.31% a year ago.
Assets grew 16% to Rs 142.28 billion as at end December 2013. Its loan book grew 12% to Rs 82.32 billion. Public deposits grew 11% to Rs 95.72 billion.
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