Group revenue grew 11 percent year-on-year to Rs. 30.3 billion during this period. Income grew 23 percent to Rs. 16.1 billion while finance costs grew 69 percent to Rs. 10.4 billion.
Direct expenses and net interest costs fell 23 percent to Rs. 837 million.
Provisions for bad and doubtful debts grew 512 percent to Rs. 159 million.
Staff costs rose 21 percent to Rs. 2 billion while depreciation and amortisation grew 73 percent to Rs. 1.32 billion. Operating expenses classified as ‘other’ grew 20 percent to Rs. 3.72 billion.
As at end December 2013, bank overdrafts amounted to Rs. 7.66 billion (up 17.96 percent) while interest bearing borrowings amounted to Rs. 65.2 billion, 1.6 percent from a year ago.
Deposits from customers grew 31.48 percent to Rs. 30.8 billion.