NDB records Rs 6.8 bn PBT for Q1-2013
National Development Bank PLC (NDB) continued its
strong growth momentum by posting impressive results for Q1 2013 in
the backdrop of intense competition which placed severe pressure on
interest margins and posed many challenges to the banking industry
during the first quarter.
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ComBank ends 1Q with PBT of Rs 3.23 bn
The Commercial Bank of Ceylon PLC has posted
profit before tax of Rs 3.23 billion on gross income of Rs 16.77
billion for the three months ended March 31, 2013, despite the
challenges of reduced foreign exchange income and narrowing margins
in the reporting period.
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‘Lanka’s insurance market fast growing’
Central Bank Governor Ajith Nivard Cabraal said
the segregation of composite insurance companies into life and non-
life would enhance the focus and capacity of players in the industry
to reach untapped areas of the economy and support the opportunities
which would be generated with the five hubs concept as enumerated in
Mahinda Chinthana.
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