Srilanka, Feb. 21 -- DFCC Bank PLC reported some solid financial performance for the three months ended in December 2024 backed by strong lending book, impairments on loans which were only a fraction from a year ago and also some sizable amount of capital gains from the sale of the International Sovereign Bond investments.
The bank reported net interest income of Rs.7.39 billion, down 3.0 percent from the same period a year ago on the back of interest expense which fell at a faster pace than the decline in the interest income.
As a result the net interest margin, which is the spread between what is charged from its borrowers for its loans and what the bank paid for its deposits, narrowed to 4.18 percent by the end of the financial year fr...