Another run from big banks.

sikka89 · 1 Another run from big banks. Thu Jul 31, 2014 11:09 am

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The heavyweights are collected for another run and soon it will happen.Don't worry about ASI.7000 in August.

Harry82 · 2 Re: Another run from big banks. Thu Jul 31, 2014 11:13 am

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Market R · 3 Re: Another run from big banks. Thu Jul 31, 2014 11:16 am

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shadow walker · 4 Re: Another run from big banks. Thu Jul 31, 2014 1:34 pm

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Harry82 · 5 Re: Another run from big banks. Fri Aug 01, 2014 2:18 pm

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WildBear · 6 Re: Another run from big banks. Fri Aug 01, 2014 2:28 pm

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So far banks showed some impressive bottom line improvement of quarterly reports in low interest regime, yet to see the top tier blue chip banks reports

Market R · 7 Re: Another run from big banks. Fri Aug 01, 2014 8:21 pm

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Aug 01, 2014 (LBO) - Profits at Sri Lanka's National Development Bank rose 5.6 percent from a year earlier to 843 million rupees, helped by higher net interest income, amid falling interest expenses, interim accounts showed.

The bank reported earnings of 10.50 rupees per share. In the half year to June the group reported earnings of 25.40 rupees a share.

The bank said interest earnings fell 0.9 percent to 5.2 billion rupees, and interest expenses fell at a faster 9.5 percent to 3.2 billion rupees helping net interest income grow 16 percent to 2.0 billion rupees.

In the six months to June loans grew 12 percent to 153 billion rupees and financial investments - loans and receivables rose to 37 billion rupees from 16.7 billion rupees.

Provisions for bad loans fell 4.4 percent to 94.3 million rupees in the quarter from a year earlier.

The gross non performing loan ratio rose to 1.48 percent from 1.21 percent.

Trading income rose 8.9 percent to 492 million rupees but fee income was down 9 percent to 569 million rupees.

Gross assets rose 16 percent to 239 billion rupees in the six months and net assets rose 4 percent to 26.4 billion rupees.

Capital adequacy fell to 19.14 percent in June from 21.04 percent in December