The National Savings Bank (NSB) has reported an impressive profit-before-tax (PBT) of Rs. 15 billion for the first half of 2024, surpassing the previous year’s profit-after-tax (PAT) of Rs. 7.21 billion for the same period. NSB Chairperson Dr. Harsha Cabral commented on the strong financial performance, stating, “Our profitability in the first six months reflects
Sampath Bank announced a significant financial performance for the first half of 2024, with a 45% increase in profit after tax (PAT) to Rs. 11.1 billion, up from Rs. 7.7 billion in the same period last year. The profit before tax (PBT) also saw a notable rise, reaching Rs. 18.5 billion, a 40% increase compared
Seylan Bank PLC reported a significant profit increase for the quarter ending June, driven primarily by a reduction in loan loss provisions. The bank’s net profit soared by nearly 50%, reaching Rs. 2.21 billion, or Rs. 3.48 per share, up from Rs. 1.48 billion, or Rs. 2.32 per share, in the same period last year.
Sarvodaya Development Finance (SDF) has reported its highest-ever profits for the financial year 2023/24, driven by significant growth in key financial metrics: SDF’s Total Assets grew by 27.7%, surpassing the industry average of 7.7%, while the Lending Portfolio increased by 29.5% against the industry average of 4.5%. Deposits rose by 21%, outpacing the industry’s 8.8%.