Sampath Bank posts Rs. 6.2 bn PAT in Q1 2026
View(s):Sampath Bank’s Profit After Tax (PAT) declined by 26 per cent to Rs. 6.2 billion in the first quarter 2026, due to significantly higher impairment provisions of Rs. 4.5 billion recognised in response to the continued expansion of the loan book and taking into account the evolving geopolitical conditions. This was despite the bank reporting Total Operating Income of Rs. 28.5 billion for the last quarter, supported by steady growth in Net Interest Income (up 5 per cent) and Net Fee and Commission Income (up 28 per cent) year-on-year.
Additionally, one-off gains from the disposal of Treasury Bills and Bonds moderated to Rs. 0.7 billion in 2026, a decrease of Rs. 2 billion compared to the elevated levels recorded in the previous year, the bank said in releasing its last 2026 quarter results.
The bank’s total asset base crossed the Rs. 2 trillion milestone for the first time, representing a significant achievement supported by strong loan growth of Rs. 127 billion in the first quarter of 2026.
The Sampath Group delivered a Profit Before Tax (PBT) of Rs. 9.4 billion and a PAT of Rs. 6.8 billion for the quarter ended 31st March 2026.
The bank reported total interest income of Rs. 46.5 billion, reflecting year-on-year growth of 6 per cent. This increase was primarily driven by the expansion of the loan portfolio during the reporting period and in the latter part of the previous year, compared to the negative loan growth recorded in the corresponding period of the previous year, as well as an upward movement in the Average Weighted Prime Lending Rate (AWPLR).
The bank recorded an impairment charge of Rs. 4.1 billion on loans and advances, compared to a reversal of Rs .0.1 billion reported in 1Q 2025, driven by significant (10.4 per cent) expansion of the loan portfolio and the resultant collective impairment requirements.
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