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Sri Lanka’s Seylan Bank net up 55.9-pct in June quarter

Aug 03, 2015 (LBO) – Sri Lanka Seylan Bank recorded a net profit of 1,089 million rupees in the June 2015 quarter up 55.
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9 percent from the same period in 2014, a filing with the stock exchange showed.
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The group reported earnings of 3.
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16 rupees per share up 53.7 percent from the same quarter last year.
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The group said interest income rose only one percent to 6,007 million rupees and interest expenses declined 4.
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65 percent to 2,970 million rupees, and the bank grew net interest income 7.

21 percent to 3,037 million rupees. Fees and commission income rose 17.
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52 percent to 659 million rupees and other operating income was up 309 percent to 189 million rupees.
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Loan loss provisions fell 63.06 percent to 175 million rupees in June quarter.
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Loans to customers rose 4.9 percent to 162 billion rupees in the six months to June 2015.
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Seylan Bank total group assets grew 5.

4 percent to 265 billion rupees, and net assets grew 2.1 percent to 26.8 billion rupees.
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