Page 3 - Net Fee News Today

Nations Trust Bank PLC recently announced the appointment of veteran business leader Sanjeev Jha to its Board, as a Non-Executive Director with effect from May 1, 2022. Jha, an Oxford scholar on Fintech, brings over three decades of extensive experience in business leadership, strategy and overall business operations to the table, as Nations Trust Bank […]

Assets cross Rs 1.5 Trillion and Advances cross Rs 1 Trillion in 1Q 2022  Capital strong at 15.59%  Liquidity high with LAR at 30% and LCR at 194%  Net Stage III loans improve to 2.4% In the backdrop of turbulent market conditions, Hatton National Bank PLC continued to demonstrate resilience, strength and stability, posting a profit...

Pan Asia Banking Corporation PLC reported a remarkable performance for the year 2021 to report a Pre-Tax Profit of Rs. 4,034 million and a Post-Tax Profit of Rs.3,075 million with growth rates of 42% and 50% respectively, while demonstrating the resilience amidst challenging macroeconomic conditions

Pan Asia Bank records Impressive Performance amidst Challenges – Profit after Tax soars by 50% to post Rs. 1,356 Mn August, 3, 2021 Pan Asia Banking Corporation PLC reported an impressive performance for the six-month period which ended 30 June to report a Pre-Tax Profit of Rs. 1,822 million and a Post-Tax Profit of Rs. 1,356 million with growth rates of 27% and 50% respectively, while demonstrating the resilience amidst challenging macro-economic conditions. The bank’s performance was cha...

OPPO, the leading global smart device brand, announces the launch of OPPO A54 in Sri Lanka. A54’s attention to design and great usability is evident in both its exquisite appearance and how it helps to capture great looking shots. This starts with the Material of the Rear Cover, which uses metallic material for its 3D panel, but contributes to a stronger and less bendable structure but also a comfortable in-hand feel. As a result, A54 weighs about 192g and is 8.4mm thin. To align the overall ...

Assetline Leasing, one of the Sri Lanka’s leading leasing companies expanded its regional distribution network by opening its latest branch in Ambalangoda on 06th May 2021. Located at No. 24, Galle Road, Urawatta, Ambalangoda, this is the 53rd member of their Branch Network which is spread across the country. The Ambalangoda Branch is geared to cater to all leasing facilities fulfilling specific needs of customers, offering the entire spectrum of leasing products and financial services cover...

Pan Asia Banking Corporation PLC reported the best-ever first quarter financial results during the quarter ended 31st March 2021 to report a Pre-Tax Profit of Rs. 986 Mn and a Post-Tax Profit of Rs. 750 Mn after recording impressive growth rates of 51% and 81% respectively, demonstrating the resilience amidst challenging macro economic conditions. The Bank’s performance was characterised by strength and resilience, despite the heightened uncertainty due to the impact of the COVID-19 pandemic....

Sampath Bank joined hands with one of the country’s most anticipated mega book sale events, Big Bad Wolf Online Book Sale, yet again. This partnership is part of the Bank’s continued efforts to promote the habit of reading and nurture a new generation of readers by making books more affordable and accessible. The Big Bad Wolf Online Book Sale is being held online this year too due to the COVID-19 pandemic. Book lovers across the island can avail themselves of discounts of up to 90% as well ...

Pan Asia Bank Records Best-Ever Q1 results in Challenging Times – Profit After Tax soars by 81% to post Rs. 750 Mn. May, 4, 2021 Net Fee and Commission Income - Rs. 466 Mn, up by 28% Other Operating Income - Rs. 179 Mn, up by 141% Operating Profits up by 47% to post Rs. 1,197 Mn owing to overall excellent core banking performance and success of cost containment strategies Operating Efficiency enhances as Cost-to-Income Ratio improves from 45.66% to 38.08% Profit Before Tax - 986 Mn, up by 51%...