The development lender-turned fully-fledged commercial bank reported a Rs.5.24 billion net interest income for the quarter under review, up 15.4 percent year-on-year (YoY), as the bank accelerated its loans while the margins expanded with deposits getting reprised at lower interest rates.
The decline in the interest expenses outstripped the corresponding decline in the interest income by at least three times to improve the net interest margin to 3.23 percent, from 3.07 percent at the start of the year.
The bank also attracted more low-cost deposits, as out of the Rs.25.0 billion deposits it raised during the first six months, Rs.13.0 billion were low cost.
Esta historia es de la edición July 29, 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.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 29, 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.
Ya eres suscriptor? Conectar
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
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.
Implications Of Covid-19 On Pregnant Mothers
The daily surge in Covid-19 figures presents pregnant women and their families with additional uncertainty.
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.
The Taliban And The UN's Democracy Dilemma
The United Nations is often derided as a talk shop.
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.
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
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.
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.
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.
