Sri Lanka, March 5 -- People's Bank for the year ended 31 December 2024 reported a total consolidated operating income of Rs. 145.1 billion and post-tax profit of Rs. 28.8 billion, reflecting a growth of 49.9 percent and 152.7 percent. This included the benefit stemming from ISB restructuring which was fairly modest relative to peers.

Consolidated net interest income rose to Rs. 122.9 billion during the year from Rs. 67.8 billion in the same period 2023 - reflecting timely pricing of assets & liabilities in line with changing market interest rates. As a result, consolidated net interest margins improved to 3.7 percent in 2024 from 2.1 percent in 2023.

Consolidated net fees & commissions amounted to Rs. 15.3 billion for the year - repre...