Seylan Bank’s post-tax profit at Rs. 5.49 bn in 1H’25
View(s):Seylan Bank has recorded a Profit before Tax (PBT) of Rs. 8,444 million in 1H 2025, against Rs. 7,331 million in 1H 2024 demonstrating a growth of 15.18 per cent, the bank said this week.
For the six months ended June 30, 2025, Profit after Tax (PAT) was Rs. 5,489 million, a growth of 20.41 per cent against Rs. 4,558 million recorded in the corresponding period of 2024.
Net interest income eased to Rs. 17,762 million from Rs. 18,590 million, a decrease of 4.45 per cent over the previous year period mainly due to the reduction in market interest rates and repricing of loans and deposits. The bank’s total operating income was Rs. 23,114 million, a decrease of 0.71 per cent compared to Rs. 23,279 million recorded in the corresponding period of 2024, driven mainly by the reduction in Net Interest Margins during the period.
The bank recorded an impairment charge of Rs. 491 million in 1H 2025 against Rs. 2,956 million reported in 1H 2024 with a reduction of 83.39 per cent. The bank has ensured impairment provisions are made to capture the changes in the global and local economy, credit risk profile of customers and the credit quality of the bank’s loan portfolio in order to ensure adequacy of provisions recognisd in the financial statements.
The bank’s total assets increased from Rs. 780 billion to Rs. 812 billion during 1H 2025, demonstrating a steady growth over the last six months. The bank also made arrangements to canvass new bank loans and deposits while retaining its existing customer base. Loans and advances of the bank were recorded at Rs. 494 billion, a net growth of Rs. 31 billion, while deposits were recorded at Rs. 670 billion, a net growth of Rs. 23 billion during 1H 2025.
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