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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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» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyThu Mar 30, 2023 9:25 am by yellow knife

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyTue Feb 14, 2023 3:54 pm by ruwan326

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

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Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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    Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014

    Ethical Trader
    Ethical Trader
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    Posts : 5568
    Join date : 2014-02-28

    Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014 Empty Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014

    Post by Ethical Trader Fri May 02, 2014 4:02 pm

    Seylan Bank records a Profit after Tax of Rs. 514 Mn for Q-1 2014
    May 1, 2014, 6:40 pm
    The Island

    Seylan Bank, recorded a strong quarterly performance with Profits before Income Tax reaching Rs. 798 Million, a 9% increase for the 3 months ended 31st March 2014. Profits after tax reached Rs. 514 Million compared to the Rs. 505 Million reported in the corresponding period in 2013, a press released said.

    ‘Despite slower than expected credit growth and industry wide pressure on interest margins, Net Interest income increased by 13.7% to Rs. 2.45 Billion for the 3 months ended 31st March 2014. Net fee and commission income increased by 11.67% from Rs. 461 Million to Rs. 515 Million during Q-1 2014, showing a consolidation of the solid growth in core banking activities achieved by Seylan Bank over the past few years.

    ‘The Bank also successfully concluded a review and update of its Strategic Plan in the latter part of 2013, which enable the extension of the Bank's Strategic Plan to 2016. The areas of focus include Advance/Deposit growth, Branch Expansion, Customer Service improvement, Staff Development, NPA reduction, Cost Control, New Product Development, IT Infrastructure, Shareholder value, etc. The Strategic Plan also earmarks the opening of 100 libraries in under privileged schools over a period of 4-years. 26 such school libraries have been opened by the Bank, since 2013.

    ‘The Bank grew its deposits base from Rs. 167.4 Billion to Rs. 170.5 Billion during Q-1, while its Net Advances portfolio marginally reduced from Rs. 136.5 Billion to Rs. 131.8 Billion during the 3 months under review.

    ‘During Q-1 2014, the Bank fully refurbished 7 branches to enhance customer experience. As at 31st March 2014, the Bank network comprised of 151 Branches, 160 ATMs and 90 Student Savings Centres.

    ‘The Bank's total Capital Adequacy ratio stands at 15.70% at the end of Q -1 2014, well above the regulatory requirements.

    ‘As a result of the performance, Earnings per share were at Rs. 1.49 for Q-1 2014, while Return (profit before tax) on Assets and Return on Equity stood at to 1.47% and 9.48% respectively. The Bank's Net Asset Value per share as at 31st March 2014 was Rs. 62.64 (Group Rs. 65.30).

      Current date/time is Sun Dec 15, 2024 12:46 am