- Last Update 2024-07-30 19:31:00
Sri Lanka's biggest bank reports 43% growth in net 2016 profit
Bank of Ceylon (BoC) has reported a record-breaking pre-tax profit of Rs.31.2 billion for the year ending December 31, 2016, while post-tax profit stood at Rs.24.8 billion. The profit for 2016 at Sri Lanka's biggest bank is a sharp 43 per cent rise from 2015.
Total operating expenses increased by 7 per cent in line with the business expansion. However depicting the BoC’s effective cost benefit management,cost to income ratio came down to 43 per cent from 45 per cent compared to the previous year, the premier bank said in a media release on Monday.
Net operating income for the period reflected an improvement of 16 per cent mainly backed by the increase of 17 per cent in net interest income and 59 per cent increase in other operating income. - ENDS -
-
Still No Comments Posted.
- July 24, 2024 - 244 - 0
SC issues Interim Order preventing Deshabandu functioning as IGP
An interim order prohibiting Deshabandu Tennakoon from carrying out his duties as Inspector General of Police (IGP) has been issued by the Supreme Court.
- July 26, 2024 - 215 - 0
Presidential election on Sep 21
The Presidential election will be held on September 21, the Commission of Elections has decided.
- July 25, 2024 - 210 - 0
Dr. Wickramabahu Karunaratne no more
The former leader of the New Sama Samaja Party (NSSP) and the New Left Front and well-known figure in left-wing politics in Sri Lanka, Dr. Wickramabahu Karunaratne, passed away at the age of 81.
Related Articles
92 MPs meet President to pledge support at upcoming presidential poll
- 30/07/2024 - 60 - 0
Indian grant of Rs 600 Mn to fund upcountry school development project
- 30/07/2024 - 22 - 0
SJB urges EC to ensure all candidates have level playing field
- 30/07/2024 - 48 - 0
Cabinet approval granted to import eggs ahead of festive season
- 30/07/2024 - 29 - 0
Leave Comments