ComBank's 1Q PBT up 40% to Rs 4.145 b
Growth in interest income on loans and advances,
complemented by gains in foreign exchange income continued to
underpin financial performance at Commercial Bank of Ceylon PLC,
enabling the bank to post strong results for the first quarter of
2012.
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NDB reports strong financial results in 2012 first quarter
NDB reported strong financial results for the
first quarter ended March 31, 2012 and has made significant progress
during the period. The banking revenue for the quarter was Rs 2,064
million, an increase of Rs 611 million, or 42 percent, over the same
period in 2011. The profit after tax during the quarter increased by
Rs 506 million, or 115 percent compared to the same period in the
prior year.
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HNB Group records pre-tax profit Rs. 2.29 b in Q1 2012
HNB continued to post robust results in Q1 of
2012, driven by expansion in core banking operations amidst a
challenging business environment with rising interest rates and
depreciation of the rupee. HNB’s pre-tax profits grew by 25% to Rs.
2.1 billion while the group pre-tax profit also increased by 25% to
Rs. 2.29 billion. Dr. Ranee Jayamaha,Chairperson of HNB PLC said,
“Despite the challenging business environment, with tight monetary
policy and restrained credit growth, HNB performed commendably
during the first quarter of 2012”.
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Sampath Bank Group ptp Rs 2, 238.2 m in Q1
Sampath Bank Group which consists of Sampath
Bank and four subsidiary companies continued with the growth
momentum in the first quarter 2012, by posting impressive results in
many key areas over the last year same period. pre-tax profit (PTP)
of Rs.2, 238.2 million of the Group for the first quarter 2012 was a
growth of Rs. 777.4 million or 53.2 %, over the previous year’s
first quarter pre-tax profit of Rs. 1,460.8 million, with Sampath
Bank, as the main entity of the Group contributing bulk (96%) of the
profit.
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