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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
SDB gathers momentum EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
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» Sri Lanka plans to allow tourists from August, no mandatory quarantine
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» When Will It Be Safe To Invest In The Stock Market Again?
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» Dividend Announcements
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» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
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» In the Meantime Within Our Shores!
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» What is Known as Dementia?
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» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
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» Equinox ( වසන්ත විෂුවය ) !
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» COMB.N0000 (Commercial Bank of Ceylon PLC)
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» REXP.N0000 (Richard Pieris Exports PLC)
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» RICH.N0000 (Richard Pieris and Company PLC)
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» Do You Have Computer Vision Syndrome?
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» LAXAPANA BATTERIES PLC (LITE.N0000)
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» What a Bank Run ?
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» 104 Technical trading experiments by HUNTER
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» GLAS.N0000 (Piramal Glass Ceylon PLC)
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» Cboe Volatility Index
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» AHPL.N0000
SDB gathers momentum EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
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» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
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» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
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» Bitcoin and Cryptocurrency
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» CSD.N0000 (Seylan Developments PLC)
SDB gathers momentum EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
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» Bakery Products ?
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» NTB.N0000 (Nations Trust Bank PLC)
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» Going South
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» When Seagulls Follow the Trawler
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» Re-activating
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SDB gathers momentum EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
SDB gathers momentum EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
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» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
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» Banks, Finance & Insurance Sector Chart
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» VPEL.N0000 (Vallibel Power Erathna PLC)
SDB gathers momentum EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
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» WATA - Watawala
SDB gathers momentum EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
SDB gathers momentum EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
SDB gathers momentum EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
SDB gathers momentum EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
SDB gathers momentum EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
SDB gathers momentum EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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3 posters

    SDB gathers momentum

    stocks hunter
    stocks hunter
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    Top contributor


    Posts : 1280
    Join date : 2014-03-16

    SDB gathers momentum Empty SDB gathers momentum

    Post by stocks hunter Sat Oct 18, 2014 7:52 am

    SANASA Development Bank PLC (SDB) recorded a healthy performance during the first half of 2014, with a profit after tax of Rs. 227 million as against Rs. 210 million in the corresponding period in 2013. Despite lackluster demand for credit amidst relatively low interest rate regime prevailed across the banking industry, performance for the quarter was up by 134% in terms of post-tax profit. Interest income for the first six months of 2014 grew by 7% to reach Rs. 2.33 billion while maintaining the interest expense at the same level as recorded over the corresponding period of the previous year. Consequently, net interest income for the period reached to Rs. 1 billion mark, reflecting an improvement of 17% over the first half of 2013.
    Net fees and commission income recorded a growth of 8% mainly attributable to the improved performance demonstrated by fee based income services. Predominantly fee income generating products and services have been added to bank’s portfolio in the recent past.
    The impairment provision for the period recorded a significant improvement over the corresponding period of the previous year, driven by the aggressive recovery efforts of the bank. Retail loan book have shown a significant improvement in portfolio quality whilst leasing book impairment has remained at levels reported in the previous period. The trend in impairment of pawning portfolio has also shown improvement during the period under review and it is expected to improve further during the second half of 2014.
    Operating expenses recorded an increase of 22% over the previous period mainly on account of revision of personal cost. Head count increase of 93 during the year has been mostly deployed at branches and recoveries areas whilst the increase in support functions has been minimal.
    The Bank’s total assets reached Rs. 32.7 billion as at 30 June 2014, a 10% growth since 31 December 2013. Loans and receivables stood at Rs. 23.5 billion, a growth of 7% since 31 December 2013. Total deposits grew by Rs. 3.23 billion over six month period to reach Rs. 26.83 billion as at 30 June 2014.
    The core capital remaining at Rs. 3.0 billion with tier 1 ratio of 12.66% and total capital adequacy ratio of 12.77% at 30 June 2014, despite a drop over December 2013, levels were maintained above specified minimum levels. The drop is mainly attributable to the dividend pay-out impacting retained earnings. The liquidity ratio of the bank stood at 27.81% at 30 June 2014, which is well above the regulatory limit of 20%.
    Sanasa Development Bank’s General Manager/CEO Nimal C. Hapuarachchi said that, “The strong foundation laid during the first quarter of 2014 led SDB’s success in first half of 2014 and the same strength will undoubtedly enable SDB to reach greater heights during the second half of 2014.”

    www.ft.lk
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    investmax


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    SDB gathers momentum Empty Re: SDB gathers momentum

    Post by investmax Sat Oct 18, 2014 8:05 am

    yaaa. it has clear path..
    stocks hunter
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    Posts : 1280
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    SDB gathers momentum Empty Re: SDB gathers momentum

    Post by stocks hunter Sat Oct 18, 2014 8:08 am

    investmax,

    Hello Good morning. welcome to sri lanka's best place for CSE discussions mate.Good luck.
    avatar
    Veera


    Posts : 1
    Join date : 2014-07-16

    SDB gathers momentum Empty In your view how these results may impact the share price in the light of Sdb is yet to announce the ex-rights dates

    Post by Veera Sat Oct 18, 2014 9:48 am



    stocks hunter wrote:SANASA Development Bank PLC (SDB) recorded a healthy performance during the first half of 2014, with a profit after tax of Rs. 227 million as against Rs. 210 million in the corresponding period in 2013. Despite lackluster demand for credit amidst relatively low interest rate regime prevailed across the banking industry, performance for the quarter was up by 134% in terms of post-tax profit. Interest income for the first six months of 2014 grew by 7% to reach Rs. 2.33 billion while maintaining the interest expense at the same level as recorded over the corresponding period of the previous year. Consequently, net interest income for the period reached to Rs. 1 billion mark, reflecting an improvement of 17% over the first half of 2013.
    Net fees and commission income recorded a growth of 8% mainly attributable to the improved performance demonstrated by fee based income services. Predominantly fee income generating products and services have been added to bank’s portfolio in the recent past.
    The impairment provision for the period recorded a significant improvement over the corresponding period of the previous year, driven by the aggressive recovery efforts of the bank. Retail loan book have shown a significant improvement in portfolio quality whilst leasing book impairment has remained at levels reported in the previous period. The trend in impairment of pawning portfolio has also shown improvement during the period under review and it is expected to improve further during the second half of 2014.
    Operating expenses recorded an increase of 22% over the previous period mainly on account of revision of personal cost. Head count increase of 93 during the year has been mostly deployed at branches and recoveries areas whilst the increase in support functions has been minimal.
    The Bank’s total assets reached Rs. 32.7 billion as at 30 June 2014, a 10% growth since 31 December 2013. Loans and receivables stood at Rs. 23.5 billion, a growth of 7% since 31 December 2013. Total deposits grew by Rs. 3.23 billion over six month period to reach Rs. 26.83 billion as at 30 June 2014.
    The core capital remaining at Rs. 3.0 billion with tier 1 ratio of 12.66% and total capital adequacy ratio of 12.77% at 30 June 2014, despite a drop over December 2013, levels were maintained above specified minimum levels. The drop is mainly attributable to the dividend pay-out impacting retained earnings. The liquidity ratio of the bank stood at 27.81% at 30 June 2014, which is well above the regulatory limit of 20%.
    Sanasa Development Bank’s General Manager/CEO Nimal C. Hapuarachchi said that, “The strong foundation laid during the first quarter of 2014 led SDB’s success in first half of 2014 and the same strength will undoubtedly enable SDB to reach greater heights during the second half of 2014.”

    www.ft.lk

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    SDB gathers momentum Empty Re: SDB gathers momentum

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      Current date/time is Tue Dec 10, 2024 5:10 pm