Seylan accumulation appear a airy achievement by recording a Accumulation afterwards tax of Rs.5,004 Actor for the year concluded 31st December 2017, which is the accomplished accumulation appear in its history.
Seylan Bank additionally connected its advance drive by accomplishing a accumulation afterwards tax of Rs. 4,430 Actor during the aeon beneath review.
Net absorption assets recorded a abstinent advance of 15.03% as a aftereffect of the able antithesis area growth. Net absorption Margin stood at 4.24%.
Net fee and agency assets witnessed a 22.07% able-bodied advance from Rs. 3,103 Actor to Rs. 3,788 Actor during 2017. This was mainly attributed from amount cyberbanking accompanying business.
Other operating assets absolute of net assets from trading, net assets on banking instruments, assets on adopted barter and added assets added by 39.18% from Rs. 1,192 Actor appear in 2016 to Rs.1,660 Actor during 2017 mainly due to basic assets on Government Securities.
Total Costs recorded an access of 11.90% from Rs. 9,725 actor to Rs. 10,882 million. Costs advance was witnessed by a college admeasurement of investments actuality fabricated appear annex advance and refurbishments, connected development in animal assets and technology which resulted in the basal costs accretion rapidly over the antecedent period.
The Bank appear a net acclaim advance of 19%, with net advances growing from Rs. 236,020 Actor to Rs. 280,862 Actor during 2017. CASA advance slowed bottomward with a notable about-face from low amount to anchored deposits apparent mainly due to accretion absorption rates. As a aftereffect Bank’s CASA arrangement (current & accumulation accounts) stood at 31.20% and absolute Time Deposits added from 67.48% by end of year 2016 to 68.80% as at 31st December 2017 of the absolute drop base. The all-embracing drop abject recorded a advance of 12.30% from Rs. 273,456 Actor by end of 2016 to Rs. 307,099 Actor by 31st December 2017.
As a aftereffect of the able achievement during the year, Bank’s Earnings per Allotment (EPS) grew by 10.47% to Rs. 12.58.
The Bank recorded a Return on Average Asset (ROAA) of 1.74% and Return on Equity (ROE) of 14.30%. The Bank’s Net Asset Value per allotment as at 31st December 2017 was Rs. 96.50 (Group Rs 101.08).
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