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.

Esta historia es de la edición May 13, 2021 de Daily Mirror - Sri Lanka.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición May 13, 2021 de Daily Mirror - Sri Lanka.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE DAILY MIRROR - SRI LANKAVer todo
I Request UNPers To Vote At This Election And Save The Country And The Party
Daily Mirror - Sri Lanka

I Request UNPers To Vote At This Election And Save The Country And The Party

Wrong doers are being turned innocent by manipulating the law under this regime

time-read
1 min  |
July 28, 2020
Ecuador Declares Emergency In Prisons -116 Inmates Killed
Daily Mirror - Sri Lanka

Ecuador Declares Emergency In Prisons -116 Inmates Killed

Ecuador President Guillermo Lasso imposed a state of emergency on the prison system, after deadly clashes among gang members in a coastal prison killed at least 116 people.

time-read
1 min  |
October 01, 2021
Implications Of Covid-19 On Pregnant Mothers
Daily Mirror - Sri Lanka

Implications Of Covid-19 On Pregnant Mothers

The daily surge in Covid-19 figures presents pregnant women and their families with additional uncertainty.

time-read
3 minutos  |
October 01, 2021
Sri Lanka And Bangladesh Meet In Saff Curtain Raiser Today
Daily Mirror - Sri Lanka

Sri Lanka And Bangladesh Meet In Saff Curtain Raiser Today

Sri Lanka and Bangladesh will clash in the curtain raiser match of the SAFF Football Tournament at the Maldives National Stadium in Male, today.

time-read
1 min  |
October 01, 2021
The Taliban And The UN's Democracy Dilemma
Daily Mirror - Sri Lanka

The Taliban And The UN's Democracy Dilemma

The United Nations is often derided as a talk shop.

time-read
5 minutos  |
October 01, 2021
How to restore loss of smell, taste after COVID-19
Daily Mirror - Sri Lanka

How to restore loss of smell, taste after COVID-19

As the COVID-19 pandemic spread around the world anosmia and dysgeusia were quickly recognised as two of the key presenting symptoms.

time-read
4 minutos  |
October 01, 2021
JAFFNA STALLIONS OWNERSHIP GROUP HIT BACK AFTER REMOVAL
Daily Mirror - Sri Lanka

JAFFNA STALLIONS OWNERSHIP GROUP HIT BACK AFTER REMOVAL

Say they signed a term sheet to continue as Jaffna franchise owners | Refute reasons given by IPG for ineligibility

time-read
2 minutos  |
September 30, 2021
German parties proceed to first coalition talks after polls
Daily Mirror - Sri Lanka

German parties proceed to first coalition talks after polls

BERLIN (DPA), 29 SEPT, 2021 - The parties hoping to be part of Germany’s first government in 16 years without Angela Merkel as chancellor have taken their first steps towards coalition talks, with the country’s political future still in the balance.

time-read
1 min  |
September 30, 2021
Russia threatens YouTube ban after German RT outlet blocked
Daily Mirror - Sri Lanka

Russia threatens YouTube ban after German RT outlet blocked

MOSCOW (DPA), 29 SEPT, 2021 - Moscow threatened on Wednesday to block the YouTube video platform after the internet media firm removed the German-language channels of Russia’s RT state media outlet.

time-read
1 min  |
September 30, 2021
Sri Lankan Footballers out to end 26-year long wait
Daily Mirror - Sri Lanka

Sri Lankan Footballers out to end 26-year long wait

Sri Lanka will look to end a 26-year-old hoodoo when they compete in the South Asian Football Federation (SAFF) Championship in the Maldives from October 1 to 16.

time-read
1 min  |
September 30, 2021