|
Bank |
Group |
|||
|---|---|---|---|---|
|
For the year ended 31st December |
2024 |
2023 |
2024 |
2023 |
|
US$ 000 |
US$ 000 |
US$ 000 |
US$ 000 |
|
|
Gross income |
666,056 |
698,006 |
704,412 |
729,952 |
|
Interest income |
624,228 |
627,923 |
655,954 |
655,737 |
|
Less: Interest expense |
351,396 |
404,807 |
367,252 |
422,888 |
|
Net interest income |
272,832 |
223,116 |
288,702 |
232,849 |
|
Fee & commission income |
76,008 |
70,709 |
78,367 |
72,669 |
|
Less: Fee & commission expense |
16,301 |
12,417 |
16,313 |
12,426 |
|
Net fee & commission income |
59,707 |
58,292 |
62,054 |
60,243 |
|
Net (loss)/gain from trading |
(6,061) |
2,351 |
(5,812) |
2,188 |
|
Net (loss)/gain on derecognition of financial assets |
||||
|
Capital gain on sale of financial assets |
3,870 |
1,826 |
3,717 |
1,850 |
|
Impact on restructuring of Sri Lanka International Sovereign Bonds |
(28,526) |
- |
(28,526) |
- |
|
Net other operating income |
(3,463) |
(4,803) |
712 |
(2,492) |
|
Total operating income |
298,359 |
280,782 |
320,847 |
294,638 |
|
Less: Impairment (reversal)/charge |
||||
|
Loans and advances |
9,450 |
55,761 |
9,067 |
55,937 |
|
Sri Lanka International Sovereign Bonds |
(53,835) |
17,100 |
(53,835) |
17,100 |
|
Other financial assets and credit related commitments |
4,391 |
(10,674) |
4,285 |
(10,662) |
|
Total impairment (reversal)/charge |
(39,994) |
62,187 |
(40,483) |
62,375 |
|
Net operating income |
338,353 |
218,595 |
361,330 |
232,263 |
|
Less: Operating expenses |
||||
|
Personnel expenses |
61,575 |
43,981 |
69,680 |
48,846 |
|
Depreciation & amortisation expenses |
10,530 |
8,162 |
10,264 |
7,884 |
|
Other operating expenses |
62,021 |
48,033 |
66,015 |
51,191 |
|
Total operating expenses |
134,126 |
100,176 |
145,959 |
107,921 |
|
Operating profit before taxes on financial services |
204,227 |
118,419 |
215,371 |
124,342 |
|
Less: Value added tax on financial services |
39,425 |
23,208 |
41,828 |
24,503 |
|
Social security contribution levy |
5,476 |
3,358 |
5,809 |
3,539 |
|
Total taxes on financial services |
44,901 |
26,566 |
47,637 |
28,042 |
|
Profit before income tax |
159,326 |
91,853 |
167,734 |
96,300 |
|
Less: Income tax expense |
66,161 |
38,952 |
69,854 |
40,979 |
|
Profit for the year |
93,165 |
52,901 |
97,880 |
55,321 |
|
Attributable to: |
||||
|
Equity holders of the Bank |
93,165 |
52,901 |
97,880 |
55,321 |
|
Non-controlling interest |
- |
- |
||
|
93,165 |
52,901 |
97,880 |
55,321 |
|
|
Earnings per share: Basic/Diluted (USD) |
0.08 |
0.05 |
0.08 |
0.05 |
|
Dividend per share |
||||
|
Dividend per share: Gross (USD) |
0.032* |
0.018 |
||
|
Dividend per share: Net (USD) |
0.027* |
0.015 |
||
Exchange rate of US$ was Rs 293.25 as at 31st December 2024 (Rs 324.00 as at 31st December 2023).
* Based on proposed dividend which is to be approved at the Annual General Meeting.