Srilanka, May 16 -- Cargills Bank's results for the quarter ended 31 March 2025 reflected an increase of Rs. 116 million in profitability when compared to the corresponding quarter in 2024 posting a profit after tax of Rs. 162 million for 1Q 2025.

Net interest income of Rs. 865 million was an increase of Rs. 51 million in 1Q 2025 compared with 1Q 2024. Market interest rates have witnessed a gradual reduction in line with the CBSL policy directions and the bank's portfolio was repriced to reflect these changes. Whilst the bank continues to focus on maintaining the NIM, a reduction from 4.86 percent to 4.31 percent was witnessed reflecting the market interest environment.

Net fee and commission income of Rs. 254 million for the quarter e...