SEYB.N0000 (Seylan Bank PLC)

Revenue of SEYB since 2006

[You must be registered and logged in to see this image.]

PAT of Seylan Bank

[You must be registered and logged in to see this image.]

Thanks YK.

Case for Investment

Thanks Kith.

Thanks KITH good report

Good one, thx for share it.

Hi, you are back after a very lone spell of absence.

Nuinth wrote:Good one, thx for share it.

                 2018

Seylan Bank has increase its Revenue by  10% on YoY basis



[You must be registered and logged in to see this image.]

However PAT has come down substantially and the reasons assigned to it are

1.Settling long standing issue of Additional Gratuity for employees.

2. SLFRS 9

[You must be registered and logged in to see this image.]

Net Assets of the company.

[You must be registered and logged in to see this image.]

Dividend payout ratio of Seylan Bank hoovers around 28%.

When compared with other higher dividend payer banks.

SAMP.N 0000

" This is the ninth consecutive year in which the Bank has succeeded in maintaining the dividend payout ratio above 36%".

DFCC.N0000

Directors have approved a dividend of 3.50 which is 35% of distributable profit

[You must be registered and logged in to see this image.]

Both SAMP and DFCC declared rights and Seylan Bank.

Seylan on the other hand says

The Bank maintains a sound capital adequacy ratio despite the increase of risk-weighted assets consequent to growth in credit.

Product Portfolio of Seylan Bank in 2018

[You must be registered and logged in to see this image.]

Margin Trading facility of many financiers are on decline due to CSE situation.

[You must be registered and logged in to see this image.]


Leasing was not also attractive due to LTV control.

[You must be registered and logged in to see this image.]

Thank you YK

Thanks YK.
Seylan on the other hand says

The Bank maintains a sound capital adequacy ratio despite the increase of risk-weighted assets consequent to growth in credit.

Does this mean they have adequate capital for FLRS ?

Financial Performance- Period ended 31 March 2019

[You must be registered and logged in to see this image.]

Have they recently gone for rights issues to raised capital ?or capital adequacy ratio is managed by balancing through debentures,?

For the last five years there was no rights issue. As you asked soil there were series of debenture issues in that period.

The Invisible wrote:For the last five years there was no rights issue. As you asked soil there were series of debenture issues in that period.

Yes.Invi.
There is a chance for a rights issue to improve their ratios as per regulator guidelines provided major shareholders have enough wealth to subscribe without diluting their holdings.

Seylan Bank profits down 11-pct in June quarter

ECONOMYNEXT - Profits at Sri Lanka's Seylan Bank Plc group fell 11.3 percent from a year earlier to 547 million rupees in the June 2018 quarter amid flat net interest income, higher taxes and continueing loan loss provisions, interim accounts showed.

The group reported earnings of 1.71 rupees per share for the quarter. In the six months to June the group reported earnings 3.88 rupees per share on total profits of 1.46 billion rupees which was down 1.45 percent.

The stock closed at 74.90 rupees, up 30 cents on Tuesday.

Group interest income grew 16.3 percent to 13.75 billion rupees, interest expenses grew at a faster 25.9 billion rupees and net interest income was flat at 4.4 billion rupees.

Loans at Seylan grew 5.2 percent to 343 billion rupees from December to June. Loan loss provisions were down 8.6 percent to 1.13 billion rupees.

At standalone bank level gross non-performing loan ratio grew to 6.49 percent in June from 5.98 percent in December.
There was a 209 million rupee, debt repayment levy.

Deposits grew 4.8 percent to 374 billion rupees from June to December. Seylan said there was a shift towards higher yielding fixed deposits and the current and savings (CASA) deposit ratio was 27.9 percent.

Group gross assets grew 3.23 percent to 484 billion rupees from December to June 2019. Net assets grew 7.59 percent to 38.5 billion rupees. (Colombo/July30/2019)

[quote="soileconomy"]

The Invisible wrote:For the last five years there was no rights issue. As you asked soil there were series of debenture issues in that period.

Yes.Invi.
There is a chance for a rights issue to improve their ratios as per regulator guidelines provided major shareholders have enough wealth to subscribe without diluting their holdings.[/quot
Today they have breaked the slience

Did anyone receive the Allotment letter of SEYB right issue ? I believe those letters should dispatch on last Friday (15th Nov).

I got that yesterday .Holding some non voting shares..

Oh Thanks for the information, but I still did not received letter yet. Hopefully tomorrow I will get.

Machan , Unless contact the company secratary . As I remember , dead line is 29th November