Net Interest income increased from Rs. 9,719 Million to Rs. 11,165 Million, a 14.9% increase for the 12 months ended 31st December 2014. Fee and Commission income increased 6.1% from Rs. 2,127 Million to Rs. 2,257 Million showing a consolidation of the solid growth achieved by Seylan Bank over the past few years.
Other operating income comprising net gains from trading, gains on financial instruments, gains on foreign exchange and other income increased significantly by 174.61% from Rs. 1,023 Million to Rs. 2,809 Million, mainly due to Capital Gains realised on Government Securities.
During the year under review the Bank also focused considerably on cost containment. This impressive performance was supported by the containment of growth in expenses of 10.99% during 2014. This is reflected in the Bank’s declining Cost to Income ratio of 62.59% in 2013 reducing to 57.37% in 2014.