02 for the full year.
In the December quarter interest income fell 7 percent to 8,318 million rupees, interest expenses fell at a faster 18 percent to 4,497 million rupees, allowing net interest income to grow 11 percent to 3,821 million rupees.
Fee income grew 7 percent to 5,154 million rupees with foreign exchange income falling 37 percent to 200 million rupees and unspecified other income increasing 6 percent to 1,132 million rupees.
Profits were boosted by net recoveries of 338 million up from loan losses of 276 million a year earlier.
Gross loans and advances fell 4 percent to 174.
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4 billion rupees, non performing loans fell 8.0 percent to 12.4 billion rupees and performing loans also fell 5 percent to 162.
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0 billion rupees.
"During the first three quarters of the year, loan growth witnessed a considerable contraction," chief executive Rajendra Theagarajah told shareholder in the annual report.
"Howev