Sampath Bank nearly doubles profit in 1Q; credit quality shows signs of improvement
Daily Mirror - Sri Lanka|May 13, 2021
Sampath Bank PLC delivered some robust profits for the three months ended in March 2021 (1Q21) as the bank saw its credit quality improving, resulting in much lower impairments than what it provided a year ago and opened its lending spigots generating more revenues.
Sampath Bank nearly doubles profit in 1Q; credit quality shows signs of improvement

Sri Lanka’s third largest private lender by assets reported earnings of Rs.4.46 a share or Rs.5.1 billion in total earnings for the January-March quarter, up 90.7 percent from Rs.2.34 a share or Rs.2.7 billion in earnings in the year ago period.

The bank provided Rs.1.6 billion for possible losses from loan defaults and other financial assets during the quarter under review compared to Rs.5.2 billion provided in the same period a year ago, as uncertainties mounted on borrowers’ capacity to service their loans when the economy was shut down for nearly two months, last year.

هذه القصة مأخوذة من طبعة May 13, 2021 من Daily Mirror - Sri Lanka.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 13, 2021 من Daily Mirror - Sri Lanka.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من DAILY MIRROR - SRI LANKA مشاهدة الكل
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