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 as a host of other benefits when making their purchases on www.bigbadwolfbooks.lk from 5th to 12th May, 2021.
Daily Times
May 1, 2021
A meeting of the Board of Directors of The Bank of Punjab was held on April 29, 2021 to consider and approve the un-audited Financial Statements for the 1st quarter of year ended March 31, 2021.
The Board reviewed the financial position for the 1st quarter of year 2021 and expressed satisfaction on overall performance of the Bank. It was noted with pleasure that all financial indicators are positive and the Bank would achieve set strategic business targets.
During 1st quarter of year 2021, Bank’s Net Interest Margin (NIM) improved to Rs. 6.87 billion as against Rs. 5.90 billion during 1st quarter 2020 registering a growth of 16%. Similarly, Non-Markup / Interest Income increased to Rs. 2.53 billion as against Rs. 2.00 billion during 1st quarter 2020 showing an increase of 27%. During 1st quarter of the year, the Bank posted after tax profit of Rs. 1.83 billion as against Rs. 1.50 billion earned during 1st quarter of year 2020 with a growth of 22%. Earnin