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Seylan Bank records Rs.1Bn PAT in 2021 Q1 despite Covid challenges

Seylan Bank made a
steady start in 2021 by posting a Profit After Tax (PAT) of LKR 1Bn in Q1 2021
amidst macro-economic challenges brought in by the COVID-19 pandemic.

Statement
of Financial Performances

Interest income
recorded a decline due to the lower interest rates and moderate book gro ....

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Seylan records Rs. 3bn PAT

Income Statement
Interest Income of the Bank stood at LKR 52.3Bn while interest expenses stood at LKR 32.8Bn reflecting a Net Interest Income (NII) of LKR 19.5Bn with an annual growth of 4.6% in the year under review. The main contributor for NII was the loans and advances portfolio that generated interest income of LKR 41.7Bn during the year whilst the Treasury operations generated LKR 8.5Bn in interest income. Interest expenses on deposits stood at LKR 27.8Bn recording a decline from LKR 30.7Bn from the previous year. Deposits that were re-priced during the year helped the Bank to reduce its funding cost. ....

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Seylan records Rs. 3 bn PAT

Seylan records Rs. 3 bn PAT
dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.

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Seylan Bank records Rs. 3Bn profit after tax for 2020

Income Statement
Interest
Income of the Bank stood at LKR 52.3Bn while interest expenses stood at LKR
32.8Bn reflecting a Net Interest Income (NII) of LKR 19.5Bn with an annual
growth of 4.6% in the year under review. The main contributor for NII was the
loans and advances portfolio that generated interest income of LKR 41.7Bn
during the year whilst the Treasury operations generated LKR 8.5Bn in interest
income. Interest expenses on deposits stood at LKR 27.8Bn recording a decline
from LKR 30.7Bn from the previous year. Deposits that were re-priced during the
year helped the Bank to reduce its funding cost. ....

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