Total comprehensive income amounted Rs. 220 million. Revenue surpassed the Rs. 1 billion mark during the quarter recording a figure of Rs. 1,383 million reflecting a growth of 54 percent compared to the corresponding previous quarter. Net interest income grew by 52 percent on the same basis recording a figure of Rs 541million, the company said in a statement announcing its interim financial results.
During the quarter, the asset base grew 8.5 percent from the previous financial year ending 31 March 2013, thus surpassing the Rs26Bn mark. The loan book grew by 9.3 percent recording a figure of Rs 21.2 Bn while the deposit base grew by 9.2 percent recording a figure of Rs. 19.4Bn. Earnings per share for the quarter recorded a figure of Rs 2.49 whilst net assets value per share stood at Rs 56.61 as at 30th June 2013. CDB holds strong capital position with capital adequacy ratio of 13.98 percent (Tier I & II) which is well above the minimum requirement (Tier I – 5 percent & Tier II – 10 percent) stipulated by the Central Bank of Sri Lanka. Capital Funds to total deposit liabilities stood at 15.88 percent against the Central Bank requirem. percent. Shareholders’ funds stand at 3Bn. CDB’s liquidity ratio stood at 12.66 percent.
The results posted for the first quarter of 2013/14 are seen as a continuation of the growth in financial results posted during the previous financial year. CDB also opened 3 new outlets expanding online connected distribution network to 47.