Sri Lanka, Feb. 24 -- In the backdrop of challenging external environment, Seylan Bank recorded a profit after tax of Rs.3.68 Bn for the year ended 31st December 2019.
Successful and oversubscribed Rights Issue made during the last quarter for LKR 4.30 Bn which followed a similarly successful debenture issue earlier in the year endorsed and demonstrated the confidence placed in the Bank by the investors and shareholders.
Net Interest Income (NII)
Net Interest Income (NII), the main source of income representing more than 75% of the total operating income of the Bank, recorded an increase of LKR 0.886 Bn. (4.99%) during the period under review. Accordingly, the Bank recorded a NII of LKR 18.633 Bn. in 2019, compared to LKR 17.747 Bn. in 2...