Russel Fonseka, GM/CEO, BOC said, "Our robust financial results are a testament to the strength and stability we've demonstrated in this challenging economic climate. The Bank remains committed to expanding our service offerings, pioneering digital banking solutions, and solidifying our leadership position in Sri Lanka's banking sector."
Demonstrating its agility in adapting to market dynamics, the Bank successfully repriced its assets and liabilities, leading to a significant 85 percent increase in net interest income to 94.5 billion rupees compared to 51.2 billion rupees in the same period of 2023. While interest income rose to 320.2 billion rupees, interest expenses also increased by 225.7 billion rupees. This strategic decision to offer competitive deposit rates was essential to retaining and growing the Bank's deposit base. Net fee and commission income remained a strong contributor, reaching 15.1 billion, a 17 percent YoY increase from 12.9 billion rupees in the corresponding period of 2023. Increased card-related transactions, retail banking services, and the rising adoption of digital banking primarily drove this growth.
هذه القصة مأخوذة من طبعة December 2024 من Business Today Sri Lanka.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة December 2024 من Business Today Sri Lanka.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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