FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Misuse of government property by Royal Colombo Golf Club
by ChooBoy Yesterday at 12:52 pm

» SL Cauvery and Mannar Basins Petroleum Resource Data Revealed
by samaritan Yesterday at 12:00 pm

» Expolanka to continue its winning streak
by samaritan Yesterday at 10:39 am

» Container shipping stocks routed
by target1 Fri Jun 24, 2022 1:32 pm

» Supply Chain Latest: Ocean Freight Rates Are Falling
by target1 Fri Jun 24, 2022 1:26 pm

» Turkish ship leaves Ukraine's Mariupol after grain talks with Moscow
by target1 Fri Jun 24, 2022 11:29 am

» This week's CBOT corn, soy freefalls hard to match in recent years
by target1 Fri Jun 24, 2022 9:57 am

» Positive news to boost market sentiment
by samaritan Fri Jun 24, 2022 9:52 am

» Maharaja at IMF meeting
by Maharaja Thu Jun 23, 2022 10:35 pm

» Why no power cuts in certain areas of Colombo?
by samaritan Thu Jun 23, 2022 5:44 pm

» India assures fullest support to Sri Lanka as a close friend
by samaritan Thu Jun 23, 2022 5:17 pm

» SINS, SAMP, COMB, PARQ, ALUMEX and AEL - are they good shares to start collecting now?
by surfjj Thu Jun 23, 2022 4:25 pm

» Learn how a fixed exchange rate system can be used to reduce inflation.
by target1 Thu Jun 23, 2022 3:35 pm

» Debt Crisis: Sri Lanka Vs Argentine
by CHRONICLE™ Thu Jun 23, 2022 8:17 am

» Sri Lanka in state of panic 1 month after sovereign default
by reyaz Tue Jun 21, 2022 5:23 pm

» Financial stability - we are at the crossroads.
by sheildskye Tue Jun 21, 2022 2:17 pm

» Shrinkflation: Is it ethical?
by sheildskye Tue Jun 21, 2022 2:05 pm

» Banking bullish billionaire Ishara expands footprint
by samaritan Tue Jun 21, 2022 10:58 am

» SL hopes to finalize a staff level program with IMF soon-RW
by samaritan Tue Jun 21, 2022 9:48 am

» Sri Lanka Stock Market heading toward ASPI 4500
by samaritan Tue Jun 21, 2022 9:29 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » People's Bank post-tax profits up by 11.4%

People's Bank post-tax profits up by 11.4%

Go down  Message [Page 1 of 1]

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

With an impressive 91.9% increase in Net Interest Income, People's Bank unveiled a cascade of ground-breaking financials in a splendid all-round performance in the first quarter ended March 31, 2015.

The Net Interest Income zoomed to Rs. 12.16 billion in the first quarter 2015 compared to Rs. 6.34 billion during the corresponding period in 2014.The Bank's pre-tax profits surged to Rs. 4.02 billion, witnessing 17.3% growth in comparison to Rs. 3.43 billion in the first quarter of 2014.

Profit after tax also saw a satisfactory 11.4% growth, climbing to Rs. 2.84 billion in 2015 from Rs. 2.55 billion the previous year. Net Operating Income ballooned to Rs. 11.77 billion from Rs. 9.41 billion in 2014 - a 25.1% increase over the period under review.

The Bank's total assets grew by 3.1% to Rs. 1.06 trillion by March 31st, 2015 compared to Rs. 1.03 trillion in December 2014. Tier 1 of the Capital Adequacy now stands at 10.5%, while the total capital ratio is 13.4%.

The overall savings base of People's Bank increased to Rs. 328 billion in the first quarter, in comparison to Rs. 318.9 billion at the end of 2014.With a 7% growth, Gross Loans stands at Rs. 732 billion at present, compared to Rs. 685 billion in December 2014.

People's Bank Chairman, Hemasiri Fernando said, "as a singular and focused bank, the significant growth in the savings and loans portfolios and other segments were well placed and did work out as planned".
"We have launched an ambitious project to make People's Bank the most digitalized bank in Sri Lanka", the Chairman stressed.

Fernando said that the necessary funds to digitalize the People's Bank has already been budgeted and the initiative will be launched soon.
CEO/General Manager, N. Vasantha Kumar said that further improving customer care and staff training and development are key areas that the bank is focusing on in its onward journey to achieve greater excellence. 
Courtesy: Daily News 01 June 2015

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum