- Last Update 2024-07-18 16:55:00
NTB records sharp impairment costs
Nations Trust Bank PLC has recorded a steady performance at the end of 1H2022, achieving operating income of Rs.16.6 billion at a year-on-year growth rate of 50 per cent.
Profit before Income tax for the six months ended June 30, 2022 was Rs.3.4 billion, down by 12 per cent from Rs.3.9 billion in the corresponding 2021 period, according to the company’s accounts.
Impairment charges rose sharply to Rs.6.8 billion, up by 416 per cent from Rs. 1.3 billion in the same 2021 period.
Commenting on 1H2022 results, Hemantha D Gunetilleke, Director & Chief Executive Officer, stated, “Considering the challenging economic environment, our primary objective was to ensure we provide uninterrupted banking and service excellence to our customers across our branch network. Our advanced digital banking solutions have proved to be extremely useful in our customer reach with digital transactions reaching 89 per cent of all banking transactions.”
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- July 11, 2024 - 1243 - 0
Colombo Fort Magistrate interdicted
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
- July 16, 2024 - 300 - 0
MP on open warrant turns up at school event
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
- July 12, 2024 - 276 - 0
SC refuses interim order on Judges appointments
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
- July 10, 2024 - 273 - 0
Deadline extended for G.C.E. A/L applications
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
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