Ceylon FT: The country's largest bank, State banking giant Bank of Ceylon (BOC) reported a net profit of Rs 12.3 billion for the year ended 31 December 2013, down 16% from a year ago, with assets crossing the Rs 1.2 trillion mark, financial results filed with stock exchange showed.
Interest income rose 21.02% to Rs 119.5 billion and interest expenses grew 30.4% to
Rs 80.2 billion, leading to a net interest income of Rs 39.34 billion, up 5.6% from a year ago.
The bank's assets grew 13.5% from a year ago to Rs 1.22 trillion, up from Rs 1.08 trillion a year earlier.
Net asset value per share amounted to Rs 13,155, up from Rs 11,445 a year ago.
The gross non-performing loans ratio stood at 4.32% as at end 2013, up from 2.76% a year ago. The net non-performing loans ratio was 2.76%, up from 1.62% a year ago.
www.ceylontoday.lk
Interest income rose 21.02% to Rs 119.5 billion and interest expenses grew 30.4% to
Rs 80.2 billion, leading to a net interest income of Rs 39.34 billion, up 5.6% from a year ago.
Net fee and commission income grew 12.7% to Rs 5.9 billion. Impairment charges surged 190.26% to Rs 7.99 billion and operating expenses grew 14.53% to Rs 27.24 billion. Interest margin declined to 3.41%, down from 3.83% a year ago.
The bank's assets grew 13.5% from a year ago to Rs 1.22 trillion, up from Rs 1.08 trillion a year earlier.
Loans and advances grew 5.17% to Rs 746.6 billion and deposits grew 21.5% to Rs 850.7 billion.
Net asset value per share amounted to Rs 13,155, up from Rs 11,445 a year ago.
The gross non-performing loans ratio stood at 4.32% as at end 2013, up from 2.76% a year ago. The net non-performing loans ratio was 2.76%, up from 1.62% a year ago.
www.ceylontoday.lk
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